Notice No.   20220711-14   Notice Date   11 Jul 2022
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Takeover) of Delta Industrial Resources Limited
Attachments   Letter of Offer of DELTA.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 an Open Offer (“Offer”) is made by Mr. Gaurav Goel (“Acquirer 1”), Mr. Rakesh Kumar Goel (“Acquirer 2”), Mr. Saurabh Goel (“Acquirer 3”) and Mr. Harsh Gupta (“Acquirer 4”) (hereinafter collectively referred to as the Acquirers), for acquisition of up to 14,02,180 (Fourteen Lakhs Two Thousand One Hundred and Eighty) Equity Shares, representing 26.00% (Twenty-Six Percent) of the Voting Share Capital of  Delta Industrial Resources Limited (“Target Company”), at a price of ?9.20/- (Nine Rupees and Twenty Paisa Only) per Equity Share, in pursuance of the provisions of Regulations 3 (1) and 4 of the SEBI (SAST) Regulations, for substantial acquisition of Equity Shares and Voting Share capital accompanied with change in control and management of the Target Company. from July 19, 2022 to August 01, 2022.

Letter of Offer is herewith attached for your information. 

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

July 11, 2022