Independent directors' open offer recommendation published
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The independent directors committee's recommendation dated October 22, 2026, for the open offer to acquire 56,43,612 India Cements Capital shares was published on October 23 in four newspapers, matching the detailed public statement publication.
This is a routine disclosure with no new offer price or terms. Shareholders should await further open offer details.