BSECompany Update28 Aug 2026 · 28 Aug 2026, 05:58 pm
Saffron Capital Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18(12) of the Securities and Exchange Board of India ....
Duke Offshore Ltd · 531471
✦ AI SummaryFundraise
Duke Offshore Ltd has received an open offer from Aspect Global Ventures Private Limited to acquire up to 25,62,872 equity shares, representing 26% of the voting share capital, at ₹ 30 per share.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10
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Full Announcement
Duke Offshore Ltd - 531471 - Post Offer Advertisement
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Saffron Capital Advisors Private Limited
304, A Wing, 215 Atrium,
M V Road, Chakala,
Andheri East, Mumbai-400093
Tel.: +91-22-49730394
Email: info@saffronadvisor.com
Website: www.saffronadvisor.com
CIN No.: U67120MH2007PTC166711
August 28, 2026
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai – 400 001
Scrip Code: 531471
Dear Sir/Madam,
Subject: Open Offer by Aspect Global Ventures Private Limited ("Acquirer"), to acquire up to 25,62,872 (Twenty
Five Lakh Sixty Two Thousand Eight Hundred and Seventy Two) fully paid-up Equity Shares of face value of ₹ 10/-
(Rupees Ten only) each for cash at a price of ₹ 30/- (Rupees Thirty only) per Equity Shares aggregating up to ₹
7,68,86,160/- (Rupees Seven Crore Sixty Eight Lakhs Eighty Six Thousand One Hundred Sixty only), representing
26% (Twenty Six Percent) of the Voting Share Capital of the Target Company, to the Public Shareholders of Duke
Offshore Limited (“Target Company”) pursuant to and in compliance with the requirements of the Securities and
Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI
(SAST) Regulations, 2011”) (“Offer” Or “Open Offer”).
We have been appointed as ‘Manager’ to the captioned Open Offer by the Acquirer in terms of Regulation 12(1) of the SEBI
(SAST) Regulations, 2011. In this regard, we are enclosing the following for your kind reference and records:
A copy of Post Offer Advertisement (“POA”) dated August 27, 2026. The Post Offer Advertisement was published today,
August 28, 2026, in the following newspapers: -
Sr. No. Newspapers Language Editions
1 Financial Express English All Editions
2 Jansatta Hindi All Editions
3 Navshakti Marathi Mumbai Edition –
Place where registered office of the Target Company is
situated and Place of Stock Exchange at which shares of the
Target Company are listed
In case of any clarification required, please contact the person as mentioned below:
Contact Person Designation Contact Number E-mail Id
Pooja Jain Senior Manager pooja@saffronadvisor.com
+91 22 49730394
Shivam Sharma Assistant Manager shivam@saffronadvisor.com
We request you to kindly consider the attachments as good compliance and disseminate it on your website.
For Saffron Capital Advisors Private Limited
Pooja Jain
Senior Manager
Equity Capital Markets
Encl: a/a
Registered Office: 605, Sixth Floor, Centre Point, J B Nagar, Andheri East, Mumbai-400059/ SEBI Registration No: INM000011211
AdBaaz
J A U S S P O L Y M E R S L I M I T E D
POST OFFER ADVERTISEMENT UNDER REGULATION 18(12) OF THE SECURITIES AND EXCHANGE
BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011,
AS AMENDED FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
DUKE OFFSHORE LIMITED
Corporate Identification Number: L45209MH1985PLC038300
Registered Office: 403-Urvashi HSG Society Ltd, Off Sayani Road, Prabhadevi, 400025, Mumbai, Maharashtra, India.
Tel: +91 8828846847 | Email: info@dukeoffshore.com | Website: www.dukeoffshore.com
Open Offer by Aspect Global Ventures Private Limited (“Acquirer”), to acquire up to 25,62,872 (Twenty Five Lakh Sixty
Two Thousand Eight Hundred and Seventy Two) fully paid-up Equity Shares of face value of ` 10/- (Rupees Ten only) each
for cash at a price of ` 30/- (Rupees Thirty only) per Equity Shares aggregating up to ` 7,68,86,160/- (Rupees Seven
Crore Sixty Eight Lakhs Eighty Six Thousand One Hundred Sixty only), representing 26% (Twenty Six Percent) of the Voting
Share Capital of the Target Company, to the Public Shareholders of Duke Offshore Limited (“Target Company”) pursuant
to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations, 2011”) (“Offer” Or “Open Offer”).
This Post Offer Advertisement (“Post Offer Advertisement”) is being issued by Saffron Capital Advisors Private Limited
(“Manager to the Open Offer”), on behalf of the Acquirer, in connection with the offer made by the Acquirer, pursuant to and
in accordance with Regulation 18(12) of the SEBI (SAST) Regulations, 2011. This Post Offer Advertisement is to be read in
continuation of and in conjunction with: (a) the Public Announcement dated June 11, 2026 (“PA”); (b) the Detailed Public
Statement dated June 17, 2026 published on June 18, 2026 in Financial Express (English) all editions, Jansatta (Hindi) all
editions, Navshakti (Marathi) (Mumbai Edition- being the place where the registered office of the Target Company and the
place of the Stock Exchange at which the Shares of the Target Company are listed) (“DPS”); (c) the Draft Letter of Offer
dated June 25, 2026 (“DLOF”) (d) the Letter of Offer dated July 28, 2026 (“LOF”) along with Form of Acceptance-Cum-
Acknowledgement; and (e) the Offer Opening Public Announcement and Corrigendum to the Detailed Public Statement and
Letter of Offer was published on August 05, 2026 in all the newspapers in which the DPS was published.
This Post Offer Advertisement is being published in all the newspapers in which the DPS was published.
Capitalized terms used but not defined in this Post Offer Advertisement shall have the meaning assigned to such terms in the
Letter of Offer.
The Public Shareholders of the Target Company are requested to kindly note the following information with respect to the
Open Offer:
Sr. No Particulars Details
1 Name of the Target Company: Duke Offshore Limited
2 Name of the Acquirer: Aspect Global Ventures Private Limited (“Acquirer”)
3 Name of the Manager to the Open Offer: Saffron Capital Advisors Private Limited
4 Name of the Registrar to the Open Offer: Cameo Corporate Services Limited
Offer Details:
5 a. Date of Opening of the Offer: Thursday, August 06, 2026
b. Date of Closing of the Offer: Wednesday, August 19, 2026
Wednesday, August 26, 2026*
6 Date of Payment of Consideration
*No shares have been tendered in the Open Offer.
7 Details of the Acquisition
Proposed in the LOF (1)
Sr. No. Particulars (assuming full acceptances Actuals (1)
in this Offer)
7.1 Offer Price (per equity share) ` 30/- ` 30/-
7.2 Aggregate number of shares tendered 25,62,872(2) 0
7.3 Aggregate number of shares accepted 25,62,872(2) 0
Size of the Offer (Number of Equity shares
7.4 ` 7,68,86,160/- ` 0/-
multiplied by the offer price per equity share)
Shareholding of the Acquirer before Agreements/ NIL NIL
Public Announcement (0.00%) (0.00%)
Equity Shares proposed to be acquired which 69,59,800 69,59,800
triggered the regulations(3) (70.61%) (70.61%)
Equity Shares acquired after Detailed Public
Statement
7.7 • Number of shares acquired Nil Nil
• Price of the shares acquired NA NA
• % of the shares acquired (0.00%) (0.00%)
Equity Shares Acquired by way of Open Offer
7.8 • Number 25,62,872(2) 0
• % of Voting Share Capital (26.00%) (0.00%)
Post offer shareholding of Acquirer
7.9 • Number 95,22,672 69,59,800
• % of Voting Share Capital (96.61%) (70.61%)
Pre and Post Offer Shareholding of Public (3) Pre-Offer Post-Offer Pre-Offer Post-Offer
7.10 • Number 28,97,400 3,34,528 28,97,400 28,97,400
• % of Voting Share Capital 29.39% 3.39% 29.39% 29.39%
Notes:
(1) T he percentages disclosed in the table are calculated based on Total Voting Share Capital of the Target Company, other
than those specifically disclosed in the notes below.
(2) Assuming full acceptance of the Open Offer.
(3) T he Acquirer has acquired the Sale Shares pursuant to the consummation of the Underlying Transaction on July 21, 2026
(i.e. after expiry of 21 working days from the date of the Detailed Public Announcement (“DPS”)). Upon the completion of
the Underlying Transaction on July 21, 2026, the Acquirer has directly acquired: (a) equity share capital and voting rights
in excess of 25% (Twenty Five percent) of the Target Company, and (b) control over the Target Company and became a
promoter and has appointed the additional directors on the board of Target Company in accordance and in com
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