Vivro Financial Services Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ("IDC") of Glittek Granites Ltd ....
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Vivro Financial Services Private Limited, the Manager to the Open Offer, has submitted to BSE a copy of the Recommendations of the Committee of Independent Directors (IDC) of Glittek Granites Ltd. The Open Offer is for the acquisition of up to 67,50,000 equity shares by a group of six acquirers (Maheshkumar Jatashankar Thanki, Bhargav Girjashankar Thanki, Bhavin Harihar Thanki, Kalpana Ashwinkumar Thanki, Hema Bhargav Thanki, and Gautam Ashwinkumar Thanki) and PAC Rawmin Mining and Industries Private Limited, pursuant to SEBI SAST Regulations, 2011. The IDC recommendation was published on May 14, 2026 in multiple newspapers (Financial Express, Jansatta, Navshakti, and Udaykala).
Shareholders of Glittek Granites should review the IDC's recommendation before tendering their shares in the Open Offer, as it provides an independent assessment of the fairness of the offer price.