Description

Open offer by Arix Capital Limited and associates to acquire up to 26% of Netlink Solutions (India) Limited's voting share capital at ₹201 per share following indirect acquisition and control over the target company.

Summary

Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad (collectively the Acquirers) have launched an open offer to acquire up to 6,57,599 equity shares representing 26% of the voting share capital of Netlink Solutions (India) Limited from public shareholders. The offer price is ₹201 per share (face value ₹10), which includes interest at 10% per annum for the period of delay in payment. This mandatory open offer is triggered due to indirect acquisition of and control over the target company, in compliance with SEBI (SAST) Regulations 3(1), 4, and 5(1).

Key Points

  • Offer Size: Up to 6,57,599 equity shares (26% of voting share capital)
  • Offer Price: ₹201 per share (including 10% interest for delayed payment)
  • Face Value: ₹10 per share
  • Payment Mode: Cash
  • Unconditional Offer: Not conditional upon minimum level of acceptance
  • No Differential Pricing: Uniform price for all shareholders
  • Not a Competing Offer: This is not a competing offer under Regulation 20
  • Target Company CIN: L45200MH1984PLC034789
  • Target Company Registered Office: 507, Laxmiplaza, Laxmi Industrial Estate, New Link Road, Andheri West, Mumbai, 400053, Maharashtra

Acquirer Details

Acquirer 1: Arix Capital Limited

Acquirer 2: Mrs. Kajal Gopal Baldha

  • Address: Block No. 27, Alay Vatika, Madhav Gate, Main Road, Mavdi, Goverdhan Chok, 150 Ft, Ring Road, Rajkot - 360004, Gujarat
  • Contact: +91-99048-83300
  • Email: gbbaldha@gmail.com

Acquirer 3: Mr. Punitbhai Bavanjibhai Lakkad

  • Address: Panchtatva Apartment – 1, Flat no. 601, JK Park, Behind Ramdhan, Opp Rangoli Bungalows, Rajkot – 360004, Gujarat
  • Contact: +91-92270-89999
  • Email: arixcapitalinc@gmail.com

Regulatory Framework

  • Triggered under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • Compliance with Regulations 3(1), 4, and 5(1)
  • Mandatory open offer due to substantial indirect acquisition of shares of the holding company and subsequent joint-control over management
  • No statutory approvals currently required, but offer subject to obtaining any approvals identified later before tendering period expiration

Compliance Requirements

  • Public shareholders of Netlink Solutions (India) Limited should review the Letter of Offer
  • Shareholders who wish to participate must submit the acceptance-cum-acknowledgement form and transfer deed
  • Recent sellers should hand over the Letter of Offer to their stock exchange member through whom the sale was executed
  • Shareholders requiring clarification should consult their stockbroker, investment consultant, Manager, or Registrar

Important Dates

  • Circular Date: January 23, 2026
  • Tendering Period: To be specified in detailed offer documents
  • Payment includes interest at 10% per annum for delay period

Impact Assessment

Market Impact: High - This is a significant takeover event involving change of control in Netlink Solutions (India) Limited. The open offer provides an exit opportunity to public shareholders at ₹201 per share, which includes compensation for payment delays.

Shareholder Impact: Public shareholders holding up to 26% of voting capital have the opportunity to tender their shares at the offer price. The offer is unconditional and not dependent on minimum acceptance levels, providing certainty to participating shareholders.

Corporate Governance: The acquisition represents a joint-control takeover by three acquirers, indicating a significant change in the management and control structure of the target company. The inclusion of interest for delayed payment suggests this offer is being made to regularize a prior acquisition transaction.

Regulatory Compliance: The offer demonstrates compliance with mandatory SEBI (SAST) Regulations following indirect acquisition and control, ensuring proper regulatory framework for change of control transactions in listed companies.

Impact Justification

Major takeover event involving 26% acquisition of voting capital, mandatory open offer under SEBI (SAST) Regulations with significant price premium including interest for delayed payment