Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar have initiated an open offer to acquire 26% (39.26 lakh shares) of Dolphin Medical Services at ₹4.80 per share, totaling ₹1.88 Cr.

This follows their initial acquisition of 20.95% from existing promoters, leading to a change of control.

The acquirers, with strong financial backing (net worth of ₹149.96 Cr and ₹3.57 Cr respectively), aim to expand Dolphin Medical's diagnostic and healthcare services, with plans to modify its business structure for efficiency.

Public shareholders can tender their shares in this mandatory offer.

For the year ending March 2026, the company reported ₹0.79 Cr revenue and ₹0.04 Cr net earnings, with a net worth of ₹10.08 Cr.