BSECompany Update6d ago · 14 Aug 2026, 02:38 pm
Systematix Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of Kuber Udyog Ltd ("Target Company").
Kuber Udyog Ltd · 539408
✦ AI SummaryM&A
Kuber Udyog Ltd has received an open offer to acquire up to 26% of its expanded voting share capital by Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta, and Trimudra Trade & Holdings Private Limited at Rs. 23.35 per share.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10
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Full Announcement
Kuber Udyog Ltd - 539408 - Detailed Public Statement
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August 14, 2026
BSE Limited (BSE)
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai 400 001, India
Dear Sir,
Sub: Open Offer to acquire up to 3,19,71,680 Equity Shares of Rs. 10/- each of Kuber Udyog Limited (“the
Target Company”) representing 26.00% of the Expanded Voting Share Capital of the Target
Company by Mr. Manav Bahri (“Acquirer 1”), Mr. Dinesh Popli (“Acquirer 2”) and Mr. Ajay Dutta
(“Acquirer 3”) (hereinafter collectively referred to as the “Acquirers”), along with Trimudra Trade
& Holdings Private Limited (“PAC”), at a price of Rs. 23.35/- per Equity Share under Regulations
3(1) and 4 of the SEBI (SAST) Regulations, 2011, as amended
Ref: Submission of Detailed Public Statement (“DPS”) released on August 14, 2026 in continuation with
the Public Announcement (“PA”) dated August 7, 2026
Systematix Corporate Services Limited (“Manager to the Offer”), on behalf of the Acquirers and the PAC, has
informed the equity shareholders of the Target Company vide DPS, in compliance with Regulation 15(2) of the
SEBI (SAST) Regulations, pursuant to the Public Announcement dated August 7, 2026 made by our office and
filed with BSE, the Target Company and uploaded on the portal of the Securities and Exchange Board of India
(“SEBI”).
As required under Regulations 13(4) and 14(3) of the SEBI (SAST) Regulations, the DPS has been published on
August 14, 2026, in the following newspapers:
1 The Financial Express English Daily All Editions
2 Jansatta Hindi Daily All Editions
3 Mumbai Lakshdeep Marathi Daily Mumbai Edition
In this regard, we are enclosing herewith a copy of DPS for your reference and records and request you to
disseminate on your website at the earliest.
Thanking You,
Yours truly,
For Systematix Corporate Services Limited
Amit Kumar
Director – Investment Banking
Encl: As Above.
CC: Kuber Udyog Limited (“Target Company”)
Systematix Corporate Services Limited
Registered Office: 206 - 207, Bansi Trade Centre, 581/5, M. G. Road, Indore - 452 001. Tel: +91-0731-4068253
Corporate Office: The Capital, A-Wing, No. 603 - 606, 6th Floor, Bandra Kurla Complex, Bandra (East), Mumbai -400051.
Tel: +91-22-6619 8000 / 4035 8000 Fax: +91-22-6619 8029 /40358029
CIN: L91990MP1985PLC002969 Website: www.systematixgroup.in Email: secretarial@systematixgroup.in
SEBI Merchant Banking Registration No.: INM000004224