Senthil Infotek open offer: 26% at ₹8, key dates for 2026

Open offer disclosure filed with exchanges

Senthil Infotek Limited has disclosed the detailed public statement (DPS) for a mandatory open offer triggered by acquirers Kolli Murali Krishna and Gogineni Srinivas. The offer is being managed by Synfinx Capital Private Limited, which submitted the DPS to BSE under SEBI takeover regulations. The filing lays out the acquisition structure, pricing, timelines, and conditions around change in control. It also provides a snapshot of the target company’s financial position and recent quarterly performance.

What the open offer is seeking to buy

The mandatory open offer is for up to 13,13,000 equity shares, representing 26% of the voting share capital. The offer price has been set at ₹8 per share, payable in cash. Based on the offer size and price, the maximum consideration works out to ₹1.0504 crore. The face value of each equity share is ₹10.

Key terms at a glance

Share Purchase Agreement that triggered the offer

The open offer arises from a Share Purchase Agreement (SPA) executed on April 08, 2026. Under the SPA, the acquirers agreed to purchase 31,76,300 equity shares, representing 62.90% of the voting share capital, from existing promoters. The negotiated purchase price under the SPA is ₹5.50 per share, with total purchase consideration of ₹1.746965 crore. The transaction is associated with a change in control of the target company.

Who is selling and how much

The disclosed seller break-up in the SPA includes multiple promoter entities and individuals. Pitchandi Chellamani is shown as selling 20,59,300 shares (40.78%). Cemented Constructions Private Limited is selling 8,67,000 shares (17.17%). Pitchandi Selvam and Pitchandi Malliga are listed at 1,00,000 shares each (1.98% each), while Pitchandi Anuradha is listed at 50,000 shares (0.99%).

Publication and timeline of the open offer

According to the filing, the DPS was published on April 16, 2026 in multiple newspapers including Financial Express, Jansatta, Navshakti, and Nava Telengana. The offer is scheduled to open on June 03, 2026 and close on June 16, 2026. Completion of payment is scheduled by July 01, 2026. The public announcement date is listed as April 08, 2026.

What changes after the acquisition

Post completion, the acquirers are expected to hold majority equity shares that enable effective management and control of Senthil Infotek. The filing states that they plan to reconstitute the board of directors. It also notes that the acquirers may diversify the company’s business activities into other lines of business, subject to applicable regulations. The existing promoters are expected to be reclassified from the promoter group to the public category after completion of the transaction. The acquirers have also confirmed compliance with minimum public shareholding requirements under SEBI regulations.

Target company profile and trading status

Senthil Infotek Limited is described as operating in Information Technology Solutions and is listed on BSE under scrip code 531980. The filing notes that trading in the shares is under Graded Surveillance Measures (GSM) Stage 2. The company is also described as Secunderabad-based in the provided material. Separately, the company has been referred to as formerly known as Senthil Agrotech Limited, with incorporation details appearing in the provided text as both 1994 and 1997.

Financial performance: annual and recent quarter

The disclosed financial metrics show mixed performance across periods. For the six months ended September 30, 2025, total revenue is shown as ₹0.1109 crore, with profit after tax of ₹0.0072 crore and earnings per share of ₹0.01. For the year ended March 31, 2025, total revenue is shown as ₹0.1355 crore and profit after tax as a loss of ₹2.1269 crore, with EPS at (₹4.21). Net worth for March 31, 2025 is shown as ₹2.6547 crore, compared with ₹4.7816 crore for March 31, 2024.

The company also reported a marginal profit for the quarter ended June 30 (presented as Q1 30.06.2025 in the quarterly table). Net profit was ₹0.0002 crore, compared to a loss of ₹0.0468 crore in the previous quarter and a profit of ₹0.0007 crore in the same quarter last year. Total income rose to ₹0.0590 crore from ₹0.0421 crore in the previous quarter, while total expenses fell to ₹0.0588 crore from ₹0.0889 crore. The paid-up equity share capital is stated as ₹5.05 crore and EPS is shown as ₹0.00 for both basic and diluted calculations for the quarter.

Auditor review and board approval

The unaudited quarterly financial results were reviewed by the Audit Committee and received a clean limited review report from auditors M S P R & Co. The auditor’s note states that nothing has come to their attention that would indicate the results were not prepared in accordance with applicable accounting standards and principles. The board meeting approving these results was held on August 14 at the company’s registered office, concluding at 5:00 PM.

Why the filing matters for shareholders

For shareholders, the DPS is the key document that consolidates the offer terms, the trigger transaction, and the dates for tendering shares. It also clarifies that the open offer is connected to a change in control following the SPA for 62.90% of the company. With the offer price at ₹8 and the SPA purchase price at ₹5.50, the documents provide two reference points that investors typically track in takeover-related events. The GSM Stage 2 status on BSE is also a relevant context point for liquidity and trading conditions while the offer process runs.

What to watch next

The immediate dates to monitor are the offer opening on June 03, 2026 and closing on June 16, 2026, followed by the stated payment completion date of July 01, 2026. Separately, post-transaction steps mentioned in the filing include board reconstitution and promoter reclassification. Any diversification of business activities, as noted by the acquirers, would remain subject to applicable approvals and regulations.