Bonanza Portfolio Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors (''IDC'') of Synthiko Foils Ltd (''Target Company'') ....
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Bonanza Portfolio Ltd, acting as Manager to the Open Offer, has submitted the Committee of Independent Directors' (IDC) recommendations to BSE in connection with an open offer by Mr. Abhishek Narbaria and Mr. Umesh Kumar Sahay (the Acquirers). The offer is for the acquisition of up to 4,52,400 equity shares representing 26.00% of the voting share capital of Synthiko Foils Ltd from the public shareholders. The filing is made under Regulation 26(7) of SEBI (SAST) Regulations, 2011, and the IDC recommendations were published in Financial Express, Jansatta, and Mumbai Lakshadweep on September 12, 2025.
Public shareholders of Synthiko Foils Ltd should review the IDC recommendations to understand the fairness and merits of the open offer price before deciding to tender their shares. The 26% open offer signals a change in control/ownership of the target company.