Inga Ventures Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of Committee of Independent Directors ("IDC") pursuant to Regulation 26(7) of the SEBI (Substantial ....
Awaiting price reaction for this filing.
Inga Ventures Pvt Ltd, acting as Manager to the Offer, has submitted to BSE the published Recommendations of the Committee of Independent Directors (IDC) for the mandatory open offer triggered under SEBI (SAST) Regulations. The open offer is being made by Harmony Remedies India Private Limited (Acquirer), along with PACs Mr. Firoze Nariman Kapadia and Ms. Aditi Vipin Parikh (representing Directors of the Acquirer). The offer targets up to 12,91,228 fully paid-up equity shares of face value ₹10 each at a price of ₹4.30 per share, representing 40% of the Expanded Voting Capital. The IDC Recommendations were published on April 23, 2026 in English (Financial Express), Hindi (Jansatta), and Marathi newspapers (Mumbai Tarun Bharat – Pune edition, and Navshakti – Mumbai edition).
This is a mandatory open offer triggered upon substantial acquisition, giving public shareholders an exit opportunity at ₹4.30 per share. The stock may see trading activity around this offer price, and shareholders should carefully evaluate the IDC's recommendation before responding.