Niks Technology open offer at ₹136: key dates 2026

What has been announced

Niks Technology Limited has received a Detailed Public Statement (DPS) dated September 15, 2026, for a mandatory open offer by Nilesh Jayantilal Patel, Vishal Jayantilal Patel and Bharatkumar Pravinchandra Keshrani. The proposed open offer is for up to 2,316,964 fully paid-up equity shares, representing 26.00% of the company’s expanded voting share capital on a fully diluted basis. The offer price has been fixed at ₹136 per share, with the consideration stated to be paid entirely in cash.

The DPS indicates the open offer has been triggered by a combination of a share purchase agreement (SPA) and a proposed preferential allotment. Based on the stated transaction structure, the acquirers are expected to obtain management control after completion.

Who the acquirers are and what they plan to buy

The DPS names three acquirers: Nilesh Jayantilal Patel (Acquirer-1), Vishal Jayantilal Patel (Acquirer-2), and Bharatkumar Pravinchandra Keshrani (Acquirer-3). The target company is Niks Technology Limited (BSE Scrip Code: 543282, Symbol: NIKSTECH). The open offer is directed at public shareholders and covers fully paid-up equity shares of face value ₹10 each.

Separately from the open offer, the proposal also includes issuance of securities to the acquirers. One part of the announcement states that under the proposal the acquirers will receive 6,573,600 equity shares and 1,837,800 warrants at ₹136 each. Following these transactions, the acquirers are expected to hold about 52.09% of the expanded equity share capital, resulting in a change in management control.

The documents also describe the open offer as a “triggered open offer” and explicitly state it is not a competitive bid and not a conditional offer.

Offer price, size, and total consideration

The offer is to purchase up to 2,316,964 equity shares at ₹136 per share. Assuming full acceptance, the stated total consideration for the open offer is ₹31.51 crore (also provided in absolute terms as ₹31,51,07,104). The announcement states that the payment for the open offer will be made entirely in cash.

This structure matters for shareholders because the offer price, tendering timeline, and the expected change in control are clearly laid out in the DPS. Participation is optional, but the process is time-bound and routed through the stock exchange mechanism.

Key dates: tendering window and payment schedule

The tendering period is scheduled to open on November 3, 2026 and close on November 17, 2026. Shareholders who wish to participate must tender shares through the stock exchange acquisition window via their registered stock brokers.

The consideration payment date is scheduled for December 2, 2026. These dates define the operational window for shareholders to decide whether to tender, and for the settlement to be completed as per the announced schedule.

Escrow arrangement disclosed in the announcement

The announcement states that the acquirers have deposited ₹7.95 crore in an escrow account with Kotak Mahindra Bank. The escrow deposit is presented as part of the acquirers’ funding arrangements tied to the open offer process.

Escrow funding is a standard element in open offers, and the stated deposit amount is one of the few hard indicators provided in the document about readiness to complete the cash consideration.

Manager to the offer and publication details

Navigant Corporate Advisors Limited is identified as the Manager to the Offer. The information provided also references the publication schedule for the Detailed Public Statement, including a line item that mentions “Detailed Public Statement publication (by) September 16, 2026,” while other parts reference the DPS dated September 15, 2026.

The presence of these dates in the materials helps establish the sequence of disclosures around the open offer, including the Public Announcement and the subsequent DPS intended for publication in newspapers.

Transaction structure behind the change in control

The DPS and related announcement material link the open offer to two transaction legs: (1) a Share Purchase Agreement, and (2) a proposed preferential allotment (including warrants). Post-transaction, the acquirers are expected to hold about 52.09% of the expanded equity share capital, which is the stated basis for a management control change.

The documents also include an AGM date connected to the preferential issue. The Annual General Meeting (AGM) to approve the preferential issue is scheduled for September 30, 2026, as per the provided information.

Summary of the most important disclosed terms

Transaction components and stated consideration

The announcement also provides a component-wise break-up of parts of the transaction and the stated consideration and payment mode. The figures below are reproduced as provided in the material.

Market impact and what shareholders should track

From the disclosed terms, the most direct shareholder implications are the offer price of ₹136, the open offer size (26% on a fully diluted basis), and the defined tendering and payment timetable. The materials also state the offer is not conditional on any minimum acceptance, which means the offer can proceed even if the response is below the maximum size.

Separately, the transaction is presented as one that will shift management control to the acquirers after completion, with an expected shareholding of about 52.09% of the expanded equity share capital. For investors, that makes the preferential allotment and warrant issuance, as well as the SPA completion, key items to monitor alongside the open offer.

Conclusion

Niks Technology’s DPS sets out a mandatory open offer for up to 2,316,964 shares at ₹136 per share, with an assumed full-acceptance value of ₹31.51 crore and payment entirely in cash. The tendering window is scheduled for November 3 to November 17, 2026, with payment scheduled for December 2, 2026. The proposed SPA and preferential allotment are expected to shift management control to the incoming acquirers, with the AGM for the preferential issue scheduled for September 30, 2026 as stated in the provided details.