Recommendations of the Committee of Independent Directors ("IDC") of Hypersoft Technologies Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Committee of Independent Directors (IDC) of Hypersoft Technologies Ltd has unanimously recommended the open offer made by Narra Purna Babu (individual acquirer) to public shareholders. The offer price is Rs. 11 per equity share for up to 42,25,442 shares, representing 26% of the expanded share capital, with the total offer size aggregating to about Rs. 4.65 crores in cash. The IDC reviewed the Public Announcement dated 28 March 2025, the Detailed Public Statement, Draft Letter of Offer, SEBI observation letter, and the Letter of Offer dated 6 October 2025. None of the IDC members have any relationship with the acquirer or have traded in the company's shares during the 12 months prior to the public announcement. Finshore Management Services Ltd is acting as the manager to the offer.
For public shareholders, this serves as an independent endorsement that the Rs. 11 per share offer price is fair and reasonable under SEBI takeover rules. Investors should weigh this against the prevailing market price and their own cost of acquisition before deciding to tender shares in the open offer.