Niks Technology open offer at ₹136: key dates 2026

What the Detailed Public Statement says

Niks Technology Limited (BSE Scrip Code: 543282, Symbol: NIKSTECH) has received a Detailed Public Statement (DPS) dated September 15, 2026, for a mandatory open offer under the SEBI (SAST) Regulations. The offer has been announced by Navigant Corporate Advisors Limited, acting as the Manager to the Offer, on behalf of three acquirers. The DPS is addressed to the public shareholders of the company. It sets out the number of shares proposed to be acquired, the offer price, and the process and key timelines for tendering. The document also notes that the trigger for the open offer is linked to a share purchase agreement (SPA) and a proposed preferential allotment. The announcement specifies that the consideration for shares tendered in the open offer will be paid entirely in cash.

Who the acquirers are

The DPS names three acquirers leading the transaction. These are Nilesh Jayantilal Patel (Acquirer-1), Vishal Jayantilal Patel (Acquirer-2), and Bharatkumar Pravinchandra Keshrani (Acquirer-3). The open offer is directed at public shareholders holding fully paid-up equity shares. The equity shares covered in the offer have a face value of ₹10 each. The filing also indicates that the broader transaction is expected to result in a change in management control of Niks Technology Limited. This is tied to the combination of an SPA with existing promoters and the proposed preferential issue approved by the company’s board.

Offer size, stake, and price

The open offer is for up to 2,316,964 fully paid-up equity shares. This represents 26.00% of the company’s expanded voting share capital on a fully diluted basis. The offer price has been fixed at ₹136 per equity share. Assuming full acceptance, the total consideration disclosed for the open offer is ₹31.51 crore (also stated as ₹31,51,07,104). The DPS explicitly states that payment for the open offer will be made entirely in cash. The offer is described as a triggered open offer and not a competitive bid or a conditional offer.

What triggered the open offer

As disclosed, the open offer has been triggered by a combination of a share purchase agreement and a proposed preferential allotment. The trigger date mentioned is September 8, 2026, following board approval for a proposed preferential issue and the execution of the SPA with existing promoters. Under the proposal, the acquirers are expected to receive 6,573,600 equity shares and 1,837,800 warrants, priced at ₹136 each. The filings also state that after completion of these components, the acquirers are expected to hold about 52.09% of the expanded equity share capital. This level of holding is cited as resulting in a change in management control.

How shareholders can tender shares

The DPS sets out that shareholders who wish to participate must tender shares through the stock exchange acquisition window. Investors must route the tendering through their registered stock brokers, as per the exchange mechanism. The tendering period is scheduled to open on November 3, 2026 and close on November 17, 2026. The consideration payment date is scheduled for December 2, 2026. These dates matter for shareholders planning participation, because tenders must be placed within the window, and payment follows the specified schedule.

Escrow deposit and cash payment commitment

The disclosures state that the acquirers have deposited ₹7.95 crore into an escrow account with Kotak Mahindra Bank Limited. The escrow is presented as part of the offer-related funding arrangement. Separately, the DPS and related disclosure reiterate that the open offer consideration will be paid entirely in cash. The maximum consideration payable for full acceptance is disclosed as ₹31.51 crore. Together, these points frame the funding and payment mechanics in the manner described in the filing.

Key facts at a glance

Timeline: DPS to tendering and payment

Financial snapshot mentioned in the disclosures

Investor commentary linked to the same event cites audited revenue from operations (FY26) of ₹6.90 crore (₹689.71 lakh) and net worth of ₹6.44 crore (₹644.4 lakh). These figures are presented alongside the open offer details and do not change the announced offer price, offer size, or timetable. The core regulatory disclosure in the DPS remains focused on the acquisition process and the offer terms. For investors, the presence of an offer at a fixed price and a defined timeline is typically the primary operational detail to track from the filing.

Why the open offer matters for shareholders

The offer is directed at public shareholders and provides a structured exit opportunity at the disclosed offer price, subject to the terms and the tendering mechanism. The filing also makes clear that the open offer is part of a larger set of transactions that are expected to transfer management control. That expected shift is linked to the SPA and preferential allotment, and the acquirers’ stated expected holding of about 52.09% post transaction. Shareholders evaluating whether to tender would typically focus on the mechanics: the number of shares eligible, the tendering window, and the payment date as disclosed. The offer terms also highlight that consideration is cash, which is explicitly stated in the DPS.

What to track next

As per the disclosed schedule, the draft letter of offer is to be submitted to SEBI on September 23, 2026, and the letter of offer is to be dispatched to shareholders on October 27, 2026. The tendering window then opens on November 3, 2026 and closes on November 17, 2026. Finally, the disclosed consideration payment date is December 2, 2026. Investors tracking the process would typically monitor these milestones as they arrive, since the operational steps of dispatch, tendering, and payment are the points that directly affect participating shareholders.

Conclusion

Niks Technology Limited’s DPS dated September 15, 2026 sets out a mandatory open offer by three acquirers to buy up to 2,316,964 shares, or 26% of expanded voting capital, at ₹136 per share with cash consideration. The offer is linked to an SPA and a proposed preferential allotment that is expected to result in a change in management control, with the acquirers expected to hold about 52.09% post transaction. The tendering window is scheduled for November 3 to November 17, 2026, and the payment date is scheduled for December 2, 2026. The next formal milestones on the timeline are the draft letter of offer submission to SEBI on September 23, 2026 and dispatch of the letter of offer on October 27, 2026.