BSE has announced the opening of an Offer to Buy (Acquisition Window) for N2N Technologies Limited under the takeover mechanism. Harmony Remedies India Private Limited (Acquirer), along with Mr. Firoze Nariman Kapadia (PAC 1) and Ms. Aditi Vipin Parikh (PAC 2), is making a mandatory open offer to public shareholders of N2N Technologies Limited at Rs. 4.30 per equity share to acquire up to 40% of the expanded voting share capital.

Key Points

• Acquirer: Harmony Remedies India Private Limited
• Persons Acting in Concert (PAC): Mr. Firoze Nariman Kapadia (PAC 1) and Ms. Aditi Vipin Parikh (PAC 2)
• Target Company: N2N Technologies Limited
• Offer Price: Rs. 4.30 per fully paid-up equity share (face value Rs. 10.00 each)
• Number of shares offered to be acquired: 12,91,228 shares (40% of Expanded Voting Share Capital)
• This is a mandatory open offer under SEBI SAST Regulations 4, 13(4), 14(3), and 15(2)
• Offer operates through the BSE Acquisition Window mechanism per SEBI circular CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and CFD/DCR2/CIR/P/2016/131 dated December 9, 2016

Regulatory Changes

No new regulatory changes are introduced. The offer operates under the existing framework:

• SEBI circular CIR/CFD/POLICYCELL/1/2015 (April 13, 2015)
• SEBI circular CFD/DCR2/CIR/P/2016/131 (December 9, 2016)
• BSE notices: 20170210-16, 20190424-35, 20200528-32, 20201102-43, 20210825-62 (Revised Guidelines)

Compliance Requirements

• Trading Members and Custodians must note the open offer window and facilitate client participation during the offer period
• Market participants must follow the Revised Guidelines of SEBI circular CFD/DCR2/CIR/P/2016/131 and BSE notice 20170210-16 and 20190424-35
• Public shareholders of N2N Technologies wishing to tender shares must do so within the offer window via the BSE Acquisition Window
• Offer details are available on the BSE website at www.bseindia.com
• Letter of Offer is attached to the notice for participant reference

Important Dates

• Notice Date: April 27, 2026
• Offer Opening Date: Thursday, April 30, 2026
• Offer Closing Date: Thursday, May 14, 2026
• Excluded Day: Friday, May 1, 2026 (SEBI Holiday)
• Effective offer duration: April 30 – May 14, 2026 (excluding May 1, 2026)

Impact Assessment

This open offer has a high and direct impact on public shareholders of N2N Technologies Limited. Eligible shareholders have a time-bound opportunity to tender their shares at a fixed price of Rs. 4.30 per share. At 40% of expanded voting share capital (12,91,228 shares), the offer represents a significant change in ownership structure. Trading members and custodians must ensure client awareness and facilitate tendering within the two-week offer window. The offer price of Rs. 4.30 against a face value of Rs. 10.00 indicates the shares trade at a discount to face value, which may influence shareholder participation decisions.

ICCL (Indian Clearing Corporation Limited) has issued a settlement schedule for the Offer to Buy through the Acquisition Window (Takeover) for N2N Technologies Limited. This notice (No. 20260427-11) dated 27 April 2026 falls under the Settlement/RMS category and is applicable to the General segment.

Key Points

• Notice issued by ICCL under the Settlement/RMS category for the General segment
• Pertains to the Offer to Buy via the Acquisition Window mechanism under Takeover regulations
• Applicable specifically to N2N Technologies Limited
• No attachments provided with this notice

Regulatory Changes

No new regulatory changes are introduced. This notice operationalizes existing SEBI Takeover Regulations by specifying the settlement schedule for the acquisition window offer.

Compliance Requirements

• Market participants (brokers, clearing members) involved in the Offer to Buy for N2N Technologies Limited must adhere to the settlement schedule as specified by ICCL
• Sellers tendering shares in the acquisition window must ensure timely delivery obligations as per the schedule

Important Dates

• Notice Date: 27 April 2026
• Specific settlement dates for the acquisition window are governed by this notice (refer to the full PDF for detailed schedule)

Impact Assessment

This circular has a targeted impact on shareholders and trading members participating in the N2N Technologies Limited takeover offer. It ensures orderly settlement of shares tendered through the acquisition window. The broader market impact is limited, as this applies only to participants in this specific open offer.