BSECompany Update5 Aug 2026 · 5 Aug 2026, 05:55 pm
Beeline Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of ECS Biztech Ltd ("Target Company").
ECS Biztech Ltd · 540063
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ECS Biztech Ltd has received a public announcement from Beeline Capital Advisors Pvt Ltd regarding an open offer for the acquisition of up to 53,44,313 equity shares, representing 26% of the total paid-up voting share capital, by Mr. Rakesh Ramanlal Shah and M/s Komal Infotech Private Limited at an offer price of Rs. 10.50 per equity share.
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Full Announcement
ECS Biztech Ltd - 540063 - Detailed Public Statement
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BEELIA/E
REF: TO-ECS/2026/5
August 05, 2026
BSE Limited
Corporate Relations Department,
P.J. Towers, Dalal Street, Fort, Mumbai — 400 001.
Ref.: Open Offer for the acquisition of up to 53,44,313 (Fifty-Three Lakhs Forty-Four Thousand Three Hundred
and Thirteen) Equity Shares having face value of Rs. 10/- each, representing 26.00% of the total paid up
/voting Share Capital of the ECS Biztech Limited (“EBL”/ “Target Company™) by Mr. Rakesh Ramanlal
Shah (Acquirer) and M/s Komal Infotech Private Limited ("PAC" or "Person Acting in Concert with the
Acquirer") pursuant to and in compliance with Regulation 3(1) & 4 of the SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011, as amended.
Sub: Submission of Copy of Detailed Public Statement for Open offer of ECS Biztech Limited (“Target
Company”) (Script Code: 540063)
Dear Sir/Ma’am,
We have been appointed as a “Manager to the Offer” by the above-mentioned acquirer and PAC for their proposed
acquisition of upto 53,44,313 Equity Shares representing 26% of the total paid up / voting Share Capital of ECS Biztech
Limited (Target Company) from the eligible public shareholders at an offer price of Rs.10.50 per Equity Share, pursuant to
and in compliance with Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011 [“SEBI (SAST) Regulations™].
In terms of regulation 14(4)(ii) of SEBI (SAST) Regulations. we submit herewith copy of Detailed Public Statement of
offer which was published on Wednesday, August 05, 2026 in the newspapers in terms of regulation 13(4) read with
regulation 14(3) and 15 of SEBI (SAST) Regulations.
We request you to notify copy of this Detailed Public Statement on the notice board of your exchange and disseminate such
information to the public immediately.
Thanking you,
For Beeline Capital Advisors Private Limited
Peqepalily |
NL‘VllS av]anl 3
Head - Merchant Banking
Encl:
Copy of Detailed Public Statement
Beeline Capital Advisors Pvt. Ltd.
SEBI REG. CAT-I MERCHANT BANKER
B/1311-1314, Shilp Corporate Park, Nr. Rajpath Club, Rajpath Rangoli Road, $.G. Highway, Ahmedabad 380054
Ph:+91079 4918 5784 | E : mb@beelinemb.com | W : www.beelinemb.com
SEBI REG. No. INM000012917 | CIN : U67190GJ2020PTC114322
IPO | Business Valuation | Merger & Acquisition | Takeover | Corporate Advisory
DETAILED PUBLIC STATEMENT FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS OF 8) The Manager to the Offer, Beeline Capital Advisors Private Limited does not hold any Equity Shares in the Target
Company as on the date of the Public Announcement and this Detailed Public Statement. The Manager to the
ECS BIZTECH LIMITED Offer further declares and undertakes that they will not deal on their own account in the Equity Shares of the Target
Company during the offer period.
CIN No.: L30007GJ2010PLC063070 (E) At present, the Acquirer and PAC do not have any plans to alienate any material assets of the Target Company
Registered Office: B-02, The First, ECS Corporate House, behind Keshvbaug Party Plot, off 132 Ft. Road, Vastrapur, Ahmedabad-380015 whether by way of sale, lease, encumbrance or otherwise for a period of two years except in the ordinary course
Contact No.: 8980005048; Email Id: secretarial@ecscorporation.com; Website: www.ecsbiztech.com of business of the Target Company. Target Company’s future policy for disposal of its assets, if any, for two years
in terms of Regulation 15(2) read with Regulation 13(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from the completion of Offer will be decided by its Board of Directors, subject to the applicable provisions of the
law and, if required, subject to the approval of the shareholders through special resolution passed by way of postal
OPEN OFFER FOR ACQUISITION OF UP TO 53,44,313 (FIFTY-THREE LAKHS FORTY-FOUR THOUSAND THREE Ahmedabad-382443, Contact: 70469 62340, email id: cadhavalp24@gmail.com, has certified vide his ballot in terms of Regulation 25(2) of the SEBI (SAST) Regulations. Further, subject to the requisite approvals
HUNDRED AND THIRTEEN) FULLY PAID-UP EQUITY SHARES HAVING FACE VALUE OF RS. 10/- EACH (“EQUITY certificate dated July 29, 2026, that the Net worth of Komal Infotech Private Limited, as on March 31, and in compliance with the applicable provisions of the law, the Acquirer and PAC may evaluate options regarding
SHARES”), REPRESENTING 26.00% OF THE TOTAL PAID-UP / VOTING SHARE CAPITAL OF ECS BIZTECH 2026, is Rs. 11,94,94,621/- (Rupees Eleven Crore Ninety-Four Lakh Ninety-Four Thousand Six Hundred restructuring and/or disposal of any surplus assets.
LIMITED (“EBL” OR “TARGET COMPANY” OR “TC”) BY MR. RAKESH RAMANLAL SHAH (ACQUIRER), AND and Twenty-One Only). (F) The Acquirer and PAC intend to seek a reconstitution of the Board of Directors of the Target Company in
M/S KOMAL INFOTECH PRIVATE LIMITED (“PAC” OR “PERSON ACTING IN CONCERT WITH THE ACQUIRER”) (B) DETAILS OF SELLERS /SELLING SHAREHOLDERS: compliance with Regulation 24(1) of the SEBI (SAST) Regulations and relevant provisions of SEBI (Listing
PURSUANT TO AND IN COMPLIANCE WITH REGULATION 3(1) AND 4 READ WITH REGULATIONS 13 AND Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI (LODR) Regulations”), as amended. The
15 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND Sr. Name of Sellers Nature Part of Details of shares held by the Sellers Equity Shares of the Target Company are listed on the BSE and Acquirer & PAC intend to retain the listing status of
TAKEOVERS) REGULATIONS 2011, AS AMENDED (“SEBI (SAST) REGULATIONS”). No. of entity Promoter Pre-Transaction Post Transaction Target Company and no delisting offer is proposed to be made. As per Regulation 38 of SEBI (LODR) Regulations,
This Detailed Public Statement (“DPS”) is being issued by Beeline Capital Advisors Private Limited, the Group Number % of Number % of read with Rule 19A of the Securities Contract (Regulation) Rules, 1957 (“SCRR”), the Target Company is required
Manager to the Offer (“Manager”), on behalf of the Acquirer and PAC, in compliance with Regulation 3(1) (Yes / No) of Equity Equity of Equity to maintain at least 25% public shareholding (i.e. shares of the Target Company held by the public as determined
and 4 read with the Regulations 13(4), 14(3) and 15(2) and other applicable Regulations of the SEBI (SAST) Shares Share Equity Share in accordance with the SCRR), on a continuous basis for listing. If, pursuant to this Open Offer and upon transfer
Regulations pursuant to the Public Announcement (“PA”) dated July 29, 2026 as filed with the BSE Limited Capital of Shares Capital of of shares under SPA, the public shareholding in the Target Company reduces below the minimum level required
(“BSE”), SEBI & Target Company in terms of Regulation 14(1) & 14(2) of the SEBI (SAST) Regulations. the Target the Target as per the listing agreement entered into by the Target Company with BSE read with Rule 19A of the SCRR, the
Acquirer and PAC hereby undertake that their shareholding in the Target Company will be reduced, within the time
For the purpose of this DPS, the following terms shall have the meaning assigned to them below: Company Company
period specified in the SCRR, such that the Target Company complies with the required minimum level of public
“Equity Shares” means the fully paid-up Equity Shares of the Target Company of the face value of `10/- (Rupees 1 VIJAY MANSINHBHAI Individual Yes 1,22,30,416 59.50% Nil Nil shareholding.
Ten Only) each. MANDORA
(G) Pursuant to the Open Offer and the transactions contemplated in the Share Purchase Agreement, the Acquirer
“Identified Date” means the date falling on the 10th (tenth) working day prior to the commencement of the tendering residing at 14/6, and PAC shall become the promoter and/or Promoter Group of the Target Company and the existing Promoters
period, for the purpose of determining the Public Shareholders to
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