Description

NSE circular regarding the takeover offer by Mr. Kalapi Vinit Nagada for up to 82,62,000 equity shares of AKG Exim Limited at Rs. 15 per share through web-based bidding platform.

Summary

National Stock Exchange has announced a takeover offer by Mr. Kalapi Vinit Nagada (Acquirer) for AKG Exim Limited through the Tender Offer Scheme. The offer is for up to 82,62,000 equity shares at a fixed price of Rs. 15 per share. Trading members can participate through NSE’s web-based bidding platform during the offer period from February 4, 2026 to February 17, 2026.

Key Points

  • Acquirer: Mr. Kalapi Vinit Nagada
  • Target Company: AKG Exim Limited (Symbol: AKG)
  • Offer Size: Up to 82,62,000 equity shares
  • Offer Price: Rs. 15 per share (fixed price)
  • Face Value: Rs. 10 per share
  • Lot Size: 1 equity share
  • ISIN: INE00Y801016
  • Series: TO (Tender Offer)
  • Merchant Banker: Sun Capital Advisory Services Private Limited
  • Registrar: MAS Services Limited
  • Order modification (quantity) and cancellation not permitted

Regulatory Changes

This offer follows the Tender Offer Scheme as per Exchange circular NSE/CMTR/52776 dated June 29, 2022. No new regulatory changes introduced.

Compliance Requirements

  • All trading members of Capital Market segment are eligible to participate
  • Trading members using web-based IPO bidding platform can use existing user IDs
  • New members must log in to admin terminal (Adminxxxxx format where xxxxx is Member Code) to create branches and users
  • Custodial confirmation required during specified timings
  • Members must use live URL: https://eipo.nseindia.com

Important Dates

  • Issue Period: February 4, 2026 to February 17, 2026
  • Bidding Time: 9:15 AM to 3:30 PM (all days)
  • Custodial Confirmation Time: 9:15 AM to 3:30 PM (regular days)
  • Custodial Confirmation on Issue Closure Day: 9:15 AM to 4:00 PM

Impact Assessment

This takeover offer affects shareholders of AKG Exim Limited who may tender their shares during the offer period. Trading members need to ensure system access and user credentials are ready before the bidding period. The fixed price offer at Rs. 15 per share provides clarity to shareholders. The restriction on order modification and cancellation requires careful consideration before placing bids. Impact is limited to AKG Exim shareholders and does not affect broader market operations.

Impact Justification

Standard takeover offer for a specific company with defined bidding process; impacts shareholders of AKG Exim Limited and participating trading members during the offer period