Kapil Raj Finance Announces Open Offer at Rs 2.24 per Share

• Offer Size: 9,92,12,282 equity shares (26% of expanded voting capital)
• Offer Price: Rs 2.24 per equity share

Reader Takeaway: New promoters acquire 26% stake; monitor market price versus Rs 2.24 offer price before tendering shares.

What just happened

Kapil Raj Finance has released a Detailed Public Statement for a mandatory open offer initiated by Arpit Agarwal, Megha Agarwal, and Arpit Agarwal HUF. This action follows a proposed preferential issuance of shares, triggering SEBI (Substantial Acquisition of Shares and Takeovers) regulations. The acquirers seek to purchase over 99 million shares to gain a 26% stake in the company's expanded voting capital.

Why this matters

The open offer provides existing shareholders an exit mechanism or the chance to reduce their holdings at a fixed price. The offer price of Rs 2.24 serves as a benchmark for valuation as the company transitions toward new shareholding and management control.

Important Dates

• Letter of Offer Posting: November 6, 2026
• Tendering Period Opens: November 16, 2026
• Tendering Period Closes: November 30, 2026
• Payment Date: December 14, 2026

Risks to watch

Investors must evaluate the offer price against the current market price of the stock. As this is a regulatory-driven process, the finalization is subject to the conditions stipulated in the Detailed Public Statement. Shareholders should wait for the official Letter of Offer to understand the specific procedural requirements and potential tax implications of tendering.

Context metrics

For the period ending June 30, 2026, the company reported total revenue of Rs 0.20 crore and a net income of Rs 0.13 crore. As of March 31, 2026, the audited net worth stood at Rs 13.48 crore with annual revenue of Rs 0.80 crore.