BSECompany Update23h ago · 19 Aug 2026, 06:15 pm
Fintellectual Corporate Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of public shareholders of Pasupati Fincap ....
Pasupati Fincap Ltd · 511734
✦ AI SummaryFundraise
Pasupati Fincap Ltd's Uday Narang is making an open offer to acquire up to 12,22,000 (Twelve Lakh Twenty Two Thousand) Fully Paid-up Equity Shares at ₹ 12/- per share, representing 26.00% of the voting share capital, to increase his stake to 37.55%.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Pasupati Fincap Ltd - 511734 - Draft Letter of Offer
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O[i,t*i*ll*,:lr,*t
Date: August 19, 2026
'l o,
The Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Stre(.t
IVIumbai- 400001
Ref.: Pasupati Fincap Limited (Scrip Code:511734)
Dear Sir/Madam,
9Yy.l,lgr_oryN oFFER FoR ACQUrsrrroN oF urro 12,22,000 (rwELvE
LAKH TWENTv rwo rHousAND) FULLy pArD_up Eeuri sirenis rnona
'rHE SHAREHoLDERS oF pAsupATI FTNCAI uuirro lurnrtNarrrn
REFERRED To As "TARGET coMpANy,T .TARGETI ny ubey NAI(ANG
(HERIINAI-TER REFERRED TO AS "ACQUIRER')
Wearepleased to submitCopy of Dralt LeiterofOffer (,,DLOF,,) dated August19,2026
pursuant to and in compliance with applicable provisions of the Seiurities and
Exchange Boar.d of India (Substantial Acquisition of Shares antl Takeovers)
Itegulations,20ll.
Khdly take the above inforrnation on your records and disseminate the DLOF on the
website of BSE Limited.
'lhanling
You,
Yours faithful]y
For [intellectual Corporate Advisors private Limited
DIN:09081387
FINIELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED
O Reg. Office: S-15, First Floor, Sapient House, Okhla tndustrialArea phase I, New Delhi-110 02; glN: U74999D1202'l PTC377748
O Corporate Oflice: 8,20, Second Floor, Sector,1, Noida, Uttar pr.desh,2O13O1
@ info@fi ntellectualadvisors.com valuations@fi ntellectualadvisors,com
O www.fi ntellectualadvisors.com S Tel: +91-12O,42GGO8O
DRAFT LETTER OF OFFER
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
The Letter of Offer will be sent to you as a Public Shareholder(s) of Pasupati Fincap Limited (hereinafter referred to as “Target
Company” or "Target"). If you require any clarification about the action to be taken, you may consult your Stock Broker or
Investment Consultant or Manager/Registrar to the Offer. In case you have recently sold your shares in the Company, please
hand over the Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement and Transfer Deed to the
Member of Stock Exchange through whom the said sale was effected.
Open Offer by
Uday Narang (“Acquirer”)
Address: House No. D-1104, 1st Floor, New Friends Colony, Delhi-110025
Tel. No.: 9315849647; Email Id: uday@anglianomega.net
to the shareholder(s) of
PASUPATI FINCAP LIMITED
Registered office: Shop No. 37, Shanker Market, Connaught Place, Janpath, New Delhi-110001;
Corporate Office: 3rd Floor, 56/33, Site IV Industrial Area, I.E. Extension, Ghaziabad, Uttar Pradesh-201010;
Telephone No.: 9211515079; Email Id: pasupatifincaplimited@gmail.com;
Website: www.pasupatifincap.co.in;
To acquire upto 12,22,000 (Twelve Lakh Twenty Two Thousand) Fully Paid-up Equity Shares of face value of ₹10 each
("Offer Shares"), representing in aggregate 26.00% of the voting share capital of the Target Company at a price of ₹ 12/-
(Rupees Twelve Only) (“Offer price”) per fully paid-up Equity Share, payable in cash.
Please Note:
1. This Offer is being made by the Acquirer pursuant to regulation 3(1)* and regulation 4 of the Securities and Exchange
Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments
thereto (“SEBI (SAST) Regulations”).
2. This Open Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of SEBI (SAST)
Regulations.
3. This Open Offer is not a competing offer in terms of regulation 20 of the SEBI (SAST) Regulations. There has been no
Competing Offer as on the date of this Draft Letter of Offer.
4. As on the date of this Draft Letter of Offer, there are no statutory approvals required for the purpose of implementing this
Offer. If any statutory approvals become applicable prior to the completion of the Offer, the Offer would also be subject
to receipt of such statutory approvals.
5. If there is any upward revision in the Offer Price/Offer Size by the Acquirer at any time up to 1 (One) Working Day prior
to the commencement of the Tendering Period i.e. up to September 25, 2026 (Friday) or in the case of withdrawal of
offer, the same would be informed by way of the Public Announcement in the same newspapers where the original
Detailed Public Statement was published. Such revision in the Offer Price would be payable by the Acquirer for all the
Offer Shares validly tendered anytime during the Tendering Period of the Open Offer.
6. A copy of the Public Announcement, the Detailed Public Statement, Draft Letter of Offer and Letter of Offer (including
Form of Acceptance cum Acknowledgment) are also available on SEBI’s website at www.sebi.gov.in.
*The underlying transaction, by itself, does not and will not result in the Acquirer acquiring 25% or more of the voting share
capital of the Target Company. However, pursuant to this open offer, and subject to full acceptance of the offer shares by
public shareholders, the Acquirer’s shareholding may increase to 37.55% of the voting share capital of the Target Company.
MANAGER TO THE OFFER REGISTRAR TO THE OFFER
FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
SEBI Registration No.: INM000012944 SEBI Registration No.: INR000003241
Corp. Off.: B- 20, Second Floor, Sector -1, Noida, Regd. Off.: D-153 A, 1st Floor, Okhla Industrial Area,
Uttar Pradesh- 201301 Phase-I, New Delhi-110020
Tel. No.: +91-120-4266080 Tel. No.: 011-40450193-97
Contact Person: Mr. Amit Puri Contact Person: Mr. Anuj Kumar
E-mail ID: info@fintellectualadvisors.com Email ID: ipo@skylinerta.com
Website: www.fintellectualadvisors.com Website: www.skylinerta.com
Offer Opening Date Offer Closing Date
SCHEDULE OF THE ACTIVITIES PERTAINING TO THE OFFER
Tentative Schedule of Activities Day and Date*
Date of the Public Announcement August 05, 2026 (Wednesday)
Last date of publication of the Detailed Public Statement August 12, 2026 (Wednesday)
Last date of filing of the Draft Letter of Offer with SEBI August 19, 2026 (Wednesday)
Last date for a Competing Offer September 03, 2026 (Thursday)
Last date for receipt of comments from SEBI on Draft Letter of Offer (in the event SEBI September 10, 2026 (Thursday)
has not sought clarifications or additional information from the Manager to the Offer)
Identified Date# September 15, 2026 (Tuesday)
Last date by which Letter of Offer will be dispatched to the Shareholders September 22, 2026 (Tuesday)
Last date by which an independent committee of the Board of Target Company shall give September 24, 2026 (Thursday)
its recommendation
Last date for revising the Offer Price/ Offer Size September 25, 2026 (Friday)
Advertisement of Schedule of Activities for Open Offer, status of statutory and other September 28, 2026 (Monday)
approvals in newspaper (Offer Opening Public Announcement Date)
Date of commencement of tendering period (Offer Opening Date) September 29, 2026 (Tuesday)
Date of expiry of tendering period (Offer Closing Date) October 13, 2026 (Tuesday)
Date by which all requirements including payment of consideration would be completed October 28, 2026 (Wednesday)
Notes:
*The above timelines are indicative (prepared on the basis of timelines provided under the SEBI (SAST) Regulations) and are
subject to receipt of relevant approvals from various statutory/ regulatory authorities and may have to be revised accordingly
throughout this document.
#Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom the Letter of
Offer would be sent. All owners (registered or unregistered) of Equity Shares of the Target Company (except (a) the Promoter
and Promoter Group of the Target Company; (b) the Acquirer and any person deemed to be acting in concert with them; (c) the
parties to the Share Purchase Agreement; (d) any person deemed to be acting in concert with the parties to SPA) are eligible
to participate in the Offer at any time before the closure of the Offer.
RISK FACTORS
RISKS RELATED TO THE TRANSACTION, THE PROPOSED OPEN OFFER AND THE PROBABLE RISKS INVOLVED IN
ASSOCIATING WITH THE ACQUIRER
(A) Risk relating to the transaction
The Open Offer is subject to compliance with terms and c
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