Notice No.   20211026-16   Notice Date   26 Oct 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Meenakshi Enterprises Limited
Attachments   Letter of Offer of MEL_20211022125451.pdf ;

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 a Cash Offer is made by Mr. Sajeeth Mohammed Salim (“Acquirer 1”), Mr. Disola Jose Koodaly (“Acquirer 2”) and Mr. M L Johny (“Acquirer 3”) to the public shareholders of Meenakshi Enterprises Limited (“Target Company”) to acquire up to 32,24,000 fully paid-up equity shares of face value Rs. 10 (Rupees Five Only) each at a price of Rs. 9.50 per equity share, representing 26.00% of the total paid–up Equity Share capital and voting share capital of the Target Company pursuant to and in compliance with Regulations 3(1) and 4, and other applicable regulations of the SEBI (SAST) Regulations, from October 28, 2021 to November 12, 2021


Letter of Offer is herewith attached for your perusal.


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 –



Atul Dhotre

Senior Manager

Listing Sales & Ops

October 26,2021