BSE Ltd.

04/11/2025 | Press release | Distributed by Public on 04/11/2025 10:59

Opening of Offer to Buy – Acquisition Window (Takeover) of NDA SECURITIES LIMITED

NOTICES
Notice No. 20250411-76 Notice Date 11 Apr 2025
Category Trading Segment Equity
Subject Opening of Offer to Buy - Acquisition Window (Takeover) of NDA SECURITIES LIMITED
Attachments Letter of Offer_NDA Securities Limited.pdf ;
Content

Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015, and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019, and 20200528-32 dated 28 May 2020, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.

All market participants are hereby informed that an open offer is made by MR. RAM GOPAL JINDAL ("Acquirer") and MR. GAURAV JINDAL ("PAC") to the Public Shareholders of NDA SECURITIES LIMITED ("Target Company")at a price of 30.59/- (Indian Rupees Thirty and Five Nine Paisa Only) per fully paid-up equity share payable in cash, which includes interest of INR 2.59 (Indian Rupees Two and Five Nine Paisa Only) at the rate of ten percent (10%) per annum to the Offer Price calculated for the period of delaypayable in cash to acquire up to 15,46,575 (Fifteen Lakh Forty Six Thousand Five Hundred and Seventy Five) fully paid-up equity shares of face value of Rs.10.00/- each payable in cash,representing 26.00% of the Paid Up Share Capital of the company in accordance with the provision of Regulation 18(11) and 18(11A) of pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto. This Offer is being made by the Acquirer pursuant to Regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations") for substantial acquisition of shares/ voting rights accompanied with change in control and management of the Target Company form Wednesday , 16th April 2025 To, Wednesday , 30th April (Excluding 18th April 2025 is a SEBI Holiday).

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Letter of Offer is herewith attached for your perusal.<_o3a_p>

Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website - www.bseindia.com.<_o3a_p>

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Mangesh Tayde <_o3a_p>

Deputy General Manager<_o3a_p>

Listing Business Relationship<_o3a_p>

April 11, 2025