Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of the Recommendations of the Committee of Independent Directors to the Shareholders of Lykis Ltd ....
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Srujan Alpha Capital Advisors LLP, acting as the Manager to the Offer, has submitted to BSE the recommendations of the Committee of Independent Directors (IDC) dated March 11, 2026, regarding an open offer for Lykis Ltd. The open offer is to acquire up to 50,37,541 equity shares, representing 26% of the total voting share capital of Lykis Ltd, at an offer price of Rs. 34.50 per fully paid-up share. The acquirers/PACs are K8 Products LLP and Tidagela Ventures Private Limited. The IDC recommendations were published in The Financial Express (English) and Jansatta (Hindi) on March 13, 2026, as required under SEBI Takeover Regulations.
This filing is a procedural disclosure under SEBI's takeover rules and does not by itself change the offer terms. Shareholders should review the IDC's recommendations, which typically include views on whether the offer price is fair, before deciding to tender their shares in the open offer.