Recommendation of Committee of Independent Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.6 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lykis Limited's Committee of Independent Directors reviewed and issued its recommendations on the Open Offer made by Parshav Vatika LLP (Acquirer) along with K8 Products LLP and Tidagela Ventures Private Limited (PACs). The acquirer is offering to buy up to 50,37,541 equity shares, representing 26% of the company's voting share capital, at a price of ₹34.50 per share. The recommendations were issued under SEBI Takeover Regulations, 2011 following the public announcement dated December 18, 2025, and the Letter of Offer dated March 6, 2026. The committee meeting was held on March 11, 2026. This is a mandatory disclosure to protect the interests of public shareholders during the open offer process.
Shareholders should review the Independent Directors' recommendations carefully before deciding whether to tender their shares in the open offer at ₹34.50 per share. The recommendation typically includes a fair price assessment and advice on whether the offer is in shareholders' best interest.