Kesoram Industries Limited has informed the Exchange about Copy of Newspaper Publication for the Recommendations of the Committee of Independent Directors ( IDC ) of Kesoram Industries Limited ( Target Company ) under Regulation 26(7) of SEBI (SAST) Regulations, 2011 on the Open Offer made by Frontier Warehousing Limited ( Acquirer ) to the public shareholders of the Target Company
KESORAMIND · price
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Kesoram Industries has submitted newspaper clippings (published February 20, 2026 in Business Standard, Navshakti, and Ei Samay) of the Committee of Independent Directors (IDC) recommendations on the Open Offer made by Frontier Warehousing Limited (Acquirer) under SEBI (SAST) Regulations, 2011. The Open Offer is for acquisition of up to 8,07,72,600 fully paid-up equity shares (representing 26% of voting share capital) at ₹5.48 per share. The IDC unanimously concluded that the offer price of ₹5.48 is fair and reasonable, noting it matches the 60-day volume-weighted average market price on NSE and exceeds the negotiated acquisition price of ₹4.00 per share. Importantly, the IDC highlighted that the current market price of the stock is higher than the offer price.
While the IDC has deemed the ₹5.48 offer price fair under SEBI rules, public shareholders should note that the prevailing market price exceeds the offer price, which may reduce the attractiveness of tendering shares. Investors are advised to independently assess market performance before deciding to participate.