Pasupati Fincap open offer: ₹12 price, Sept 2026 dates

What has been announced

Pasupati Fincap Ltd (BSE: 511734) has received an open offer from Uday Narang to acquire up to 12.22 lakh fully paid-up equity shares. The offer size represents 26.00% of the company’s voting share capital. The offer price is set at ₹12 per share, taking the total offer consideration to ₹1.46 crore. The stated objective of the offer is to seek management control.

Fintellectual Corporate Advisors Pvt. Ltd has acted as the Manager to the Open Offer and submitted to BSE a copy of the Public Announcement under applicable takeover regulations. The company has also stated that a Detailed Public Statement for the acquisition has been published in newspapers.

Key dates investors should note

The tendering period for shareholders is scheduled to run from September 29, 2026, to October 13, 2026. In the exchange feed, the draft letter of offer is referenced alongside the open offer information. The update is time-stamped Aug 19, 2026, 18:15:42 in the provided disclosure extract.

These dates are important because they determine when eligible shareholders can tender shares into the open offer at the announced price. Shareholders typically need to follow their broker and depository processes during the offer window.

Transaction structure behind the open offer

The open offer is described as mandatory and linked to a share purchase agreement. Under that agreement, Uday Narang is set to buy 5,42,925 equity shares, representing an 11.55% stake, from promoter Dinesh Pareekh. The consideration for this promoter stake purchase is ₹65.15 lakh.

Assuming full acceptance of the open offer, the disclosure states that Narang’s holding would rise to 37.55% of the company. This connects the promoter stake acquisition with the public open offer, which together can lead to a higher post-transaction shareholding.

Offer terms at a glance

Post-offer advertisement filing

Separately, Fintellectual Corporate Advisors Pvt. Ltd, as Manager to the Open Offer, has also submitted to BSE a copy of the Post Offer Advertisement under Regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended). The filing is addressed to shareholders of Pasupati Fincap Ltd as the target company.

This type of submission is part of the procedural disclosure trail in takeover transactions, alongside the public announcement and detailed public statement referenced in the disclosure extract.

Listing and trading context

The disclosure extract states that the company is suspended from BSE on account of non-compliance with listing agreement clauses. At the same time, the market snapshot shown alongside the corporate information reflects a BSE price of ₹12.09 with 0.00% change.

For investors, the suspension note is a key risk and process point. It can affect the ability to transact in the secondary market and may influence how shareholders think about liquidity and tendering decisions, depending on the operational status communicated by the exchange and intermediaries.

Company profile and business overview

Pasupati Fincap is described as a non-banking financial company (NBFC). The company’s activities include hire purchase, bill discounting, and dealing in shares and securities, debentures, and related activities. The disclosure also states it falls within the purview of the Non-Banking Financial Companies (Reserve Bank) Directions, 1977.

On location details, the company profile text mentions headquarters at 1501, Nirmal Tower 26, Barakhamba Road, New Delhi, Delhi, 110001, India. The registered address is stated as Village Kapriwas, Dharuhera, Rewari District, Haryana, with contact numbers 01274-267257 and 01274-267258 and email ho@pasupatitextiles.com.

Registrar and board names disclosed

The registrar details in the extract list Skyline Financial Services (P) Ltd, with address D-153/A, 1st Floor, Okhla Industrial Area, Phase-1, New Delhi - 110020, and email grievances@skylinerta.com.

The management table in the disclosure extract includes names such as Anil Malik (Whole Time Director) and non-executive, non-independent directors including Sanjeev Khanna, Rishabh Talwar, and Sandhya Kohli.

Why the open offer matters

At ₹12 per share for up to 26% of the voting capital, the offer is large enough to reshape ownership and influence control, especially when combined with the separate promoter stake purchase of 11.55%. The disclosure explicitly links the transaction to an intent to seek management control and indicates that, with full acceptance, the acquirer’s holding could reach 37.55%.

From a shareholder perspective, the announced tendering window from Sep 29 to Oct 13, 2026 sets a defined period to evaluate the offer price, the company’s trading and suspension status on BSE, and the procedural disclosures made through the manager to the offer.

Timeline of key events mentioned

Conclusion

Pasupati Fincap’s open offer sets out a ₹12 per share bid for up to 26% of voting capital, alongside a promoter stake purchase that can lift the acquirer’s holding to 37.55% if fully accepted. The next actionable milestone for shareholders is the tendering period from Sep 29 to Oct 13, 2026, while disclosures such as the Public Announcement, Detailed Public Statement, and Post Offer Advertisement continue to frame the process on the exchange platform.