BSE has issued a notice to trading members and custodians regarding the opening of an Offer to Buy (Acquisition Window) for the voluntary delisting of equity shares of INDUSS FOOD PRODUCTS & EQUIPMENTS LIMITED (IFPEL). The offer is made by the acquirers — Mr. Shanti Swarup Aggarwal and Mrs. Sadhana Agarwal — through the Reverse Book-Building Process (RBBP) as per SEBI’s Delisting Regulations 2021. The acquisition window is open from May 06, 2026 to May 12, 2026.

Key Points

• Acquirers: Mr. Shanti Swarup Aggarwal (Acquirer 1) and Mrs. Sadhana Agarwal (Acquirer 2)
• Target shares: 2,26,250 equity shares representing 26.62% of the total equity share capital held by public shareholders
• Floor price: Rs. 533.76 per equity share
• Total offer size: up to Rs. 12.07 Crores
• Process: Reverse Book-Building Process (RBBP)
• IFPEL is listed solely on The Calcutta Stock Exchange Limited (CSE), not on BSE
• BSE notice reference: Notice No. 20260504-21

Regulatory Changes

No new regulatory changes introduced. The offer is governed by existing frameworks:

• SEBI circular CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015
• SEBI circular CFD/DCR2/CIR/P/2016/131 dated December 09, 2016
• BSE notices 20170210-16, 20190207-23, 20200528-32, and 20201102-43 on revised guidelines for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting
• SEBI (Delisting of Equity Shares) Regulations, 2021

Compliance Requirements

• Trading members and custodians must take note of the Offer to Buy opening and facilitate participation for eligible public shareholders of IFPEL
• Market participants should refer to the attached Letter of Offer for full terms and conditions
• Details of the offer are available on the BSE website at www.bseindia.com

Important Dates

• Notice Date: May 04, 2026
• Acquisition Window Opens: Wednesday, May 06, 2026
• Acquisition Window Closes: Tuesday, May 12, 2026

Impact Assessment

This delisting offer has a limited and targeted market impact. It concerns only 2,26,250 publicly held equity shares (~26.62% of IFPEL’s equity capital) at a floor price of Rs. 533.76 per share, aggregating up to Rs. 12.07 Crores. Since IFPEL is exclusively listed on The Calcutta Stock Exchange (CSE) and not on BSE, the notice is primarily informational for BSE trading members and custodians. Public shareholders of IFPEL wishing to participate in the delisting must tender their shares through the Reverse Book-Building Process within the specified window.