Newspaper Publication of the recommendations of the Independent Directors Committee meeting held on August 28,2025 on the open offer.
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Hindustan Agrigenetics Ltd has filed the newspaper publication of the recommendations made by its Committee of Independent Directors (IDC) on the ongoing open offer for the company. The IDC met on August 28, 2025 to review, discuss and analyze the open offer made by the Acquirer (with Bajaj Capital Securities Limited acting as Manager to the Offer). The IDC concluded that the open offer is fair and reasonable. The recommendations were published today, August 29, 2025, in three newspapers: Jansatta, Navshakti and Financial Express. The open offer process began with a Public Announcement on January 13, 2025, followed by a Detailed Public Statement on January 20, 2025, a Draft Letter of Offer on January 27, 2025, and the final Letter of Offer on August 25, 2025.
This is a procedural disclosure — independent directors have formally endorsed the open offer price as fair and reasonable, which gives retail shareholders comfort while deciding whether to tender their shares. No change in offer price or control terms is expected from this filing.