Open offer made on Supreme Court decision, but no deal, 0 shares accepted, know the whole matter:

News Topical, Digital Desk : The company informed the exchange that following the Supreme Court's order, the entire matter of the company's open offer has been revealed. The most notable finding is that not a single share was accepted. The offer called for the purchase of a 26% stake, but due to eligibility requirements, the promoter group received no shares. This means there was no change in the promoter's stake. Now the question is: will this "no-deal offer" have any impact on the stock?

Open offer was made on the decision of the Supreme Court - but the whole game changed - The open offer of SBEC Sugar was made under the order of the Supreme Court. This was not a normal market purchase offer, but a compliance-based offer to fulfill the court's instructions.

Offer Price: ₹21.19 per share
Proposed Purchase: 1.23 crore shares (26%)
Actual Acceptance: 0 shares
This means that the offer was made and completed - but no deal was done.

Why were the shares not purchased? The answer is shocking
The PDF states that only 58 shares were tendered in the offer, but even those were not acceptable because the Supreme Court had fixed an identified date - 16 September 2014, only those investors were eligible who held shares on that date.

Result - there was no benefit for new investors to participate in the offer. Not a single share was actually purchased from the public.

Situation	promoter stake
Before the offer	65.12%
After the offer	65.12% (exactly the same)

The biggest consideration for investors: what will be the impact on the stock? Investors are unlikely to benefit from this open offer, as it was a "technical offer"—not for the market.
The promoter didn't add a single share.
The company didn't receive any new funding from it.
Nothing impacted the business, capacity, or balance sheet—

meaning the offer was merely a completion, not a "useful" one.

What should investors do now? If you were hoping for an open offer in SBEC Sugar, that story is over. If you're looking to invest based on the company's business or the sugar sector's cycle, this offer is neither positive nor negative—it's completely neutral.

The stock's direction will now be determined by
sugar prices,
the company's profit,
cash flow,
the crushing season,
and the sector's momentum.
Open offers are a thing of the past.