D &A Financial Services ( P) Ltd has submitted to the Exchange a copy of Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders of the company under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations), as amended till date June 04, 2026.
Awaiting price reaction for this filing.
D & A Financial Services (P) Ltd, the acquirer, has submitted to the stock exchange the recommendations of the Committee of Independent Directors (IDC) on the open offer made to the shareholders of Grand Foundry Limited. This filing is made under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The IDC is required to provide its reasoned recommendations on the open offer, including whether shareholders should accept or reject it. Shareholders should review these recommendations carefully before deciding on the open offer. The date on the filing is noted as June 04, 2026.
Shareholders of Grand Foundry Limited should review the IDC's recommendations to make an informed decision on whether to tender their shares in the open offer. The stock may see price movement based on the offer price and the IDC's stance (recommend accept or reject).