Senthil Infotek Open Offer: ₹8 for 26% stake in 2026

What Senthil Infotek disclosed on April 16

Senthil Infotek Limited has published the complete detailed public statement (DPS) for a mandatory open offer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is being made by Kolli Murali Krishna and Gogineni Srinivas, with Synfinx Capital Private Limited acting as manager to the offer. The filing sets out the price, size, timelines, and the underlying transaction that triggered the open offer requirement. It also explains the proposed change in control and the reclassification of the existing promoter group after completion. The company’s disclosure is positioned as a compliance update that gives public shareholders a consolidated view of the transaction structure.

Who is making the open offer

The acquirers named in the DPS are Mr. Kolli Murali Krishna (Acquirer 1) and Mr. Gogineni Srinivas (Acquirer 2). The offer is being managed through Synfinx Capital Private Limited. The trigger for the offer has been linked to a Share Purchase Agreement (SPA) that involves acquisition of a controlling stake from existing promoters and promoter group entities. The documentation indicates that the acquisition results in a change in control of Senthil Infotek.

Open offer size, price, and maximum payout

The open offer is for acquisition of up to 13,13,000 fully paid-up equity shares, representing 26% of the voting share capital. The offer price has been disclosed as ₹8 per equity share. If the offer is fully accepted, the maximum consideration payable is ₹1,05,04,000, which is ₹1.0504 crore. The DPS also specifies that the payment mode is cash and mentions a face value of ₹10 per share.

The Share Purchase Agreement that triggered the offer

The DPS links the open offer to an SPA executed on April 08, 2026. Under this agreement, the acquirers agreed to purchase 31,76,300 equity shares, representing 62.90% of Senthil Infotek’s voting share capital. The SPA price has been disclosed at ₹5.50 per share. The total purchase consideration for this promoter stake acquisition is ₹1,74,69,650, which is ₹1.746965 crore. The disclosure explicitly notes that the transaction is accompanied by a change in control of the target company.

Promoters selling shares and the breakup disclosed

The DPS provides seller-wise details of shares proposed to be sold under the SPA. Pitchandi Chellamani is shown as the largest seller in the disclosed table. The transaction also includes a promoter group entity, Cemented Constructions Private Limited, along with other individuals from the promoter group.

Key dates: announcement, tendering window, and payment

The filing lays out the public timeline for the open offer process, including the dates for the public announcement, DPS publication, offer period, and payment completion. The tendering period is scheduled from June 03 to June 16, 2026. Payment completion has been disclosed as July 01, 2026.

Where the DPS was published

Senthil Infotek disclosed that the detailed public statement was published in multiple newspapers. The names cited include Financial Express, Jansatta, Navshakti, and Nava Telengana. This publication is part of the SEBI takeover process in which key offer details must be made publicly available. The DPS publication date is stated as April 16, 2026.

Target company details and trading status on BSE

Senthil Infotek Limited is described as operating in Information Technology Solutions and is stated to have been incorporated in 1994. It is listed on BSE Limited under scrip code 531980. The disclosure also notes that trading is under Graded Surveillance Measures (GSM) Stage 2. In the same set of details, the company’s CIN is shown as L72200TG1997PLC026943 and the registered office is listed at Mahendra Hills, East Marredpally, Secunderabad, Telangana.

What changes after the transaction completes

The disclosed structure indicates that, after successful completion, the acquirers will hold a majority position enabling effective management and control of the target company. They have stated an intention to reconstitute the board of directors. The filing also notes that they 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 category to the public category upon completion. The acquirers have also confirmed compliance with minimum public shareholding requirements under SEBI regulations.

Market snapshot and what shareholders will compare

The article text also cites a market close of ₹29.86, up 4.99%, with an intraday range that remained at ₹29.86. Separately, the open offer price disclosed in the DPS is ₹8 per share, while the SPA price for the promoter block is ₹5.50 per share. These different reference prices mean shareholders evaluating whether to tender will likely compare the offer price to prevailing market prices and liquidity conditions, especially given the GSM Stage 2 trading framework mentioned in the disclosure.

Why this filing matters under SEBI SAST rules

The disclosure frames the open offer as mandatory under the SEBI (SAST) Regulations due to the acquisition of a controlling stake via the SPA. The open offer size is explicitly stated at 26% of the voting share capital, which is consistent with the minimum offer size commonly associated with control acquisitions under the regulations referenced in the text. The DPS acts as the central document that collates offer mechanics, consideration caps, and the timetable, allowing public shareholders to verify the key terms in one place. It also documents the proposed post-transaction control and governance changes, including board reconstitution and promoter reclassification.

Conclusion

Senthil Infotek’s April 16 DPS sets out the terms of a SEBI-triggered open offer at ₹8 per share for 13,13,000 shares (26%), following an SPA dated April 08 for a 62.90% promoter stake. The offer is scheduled to open on June 03, 2026 and close on June 16, 2026, with payment completion stated as July 01, 2026. Investors tracking the deal will focus on the tendering window, completion of SPA conditions, and post-transaction compliance with minimum public shareholding norms.