Newspaper Publication of the recommendation of the committee of Independent Directors for the Open Offer.
Awaiting price reaction for this filing.
Shamrock Industrial Company Limited has informed BSE that the recommendation of its Committee of Independent Directors regarding the Open Offer has been published in newspapers on October 28, 2025. The Open Offer is being made by four acquirers — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijaykumar Harish, and Rattan Kapoor — to buy up to 14,11,388 equity shares (face value Rs. 10 each) from public shareholders at Rs. 16.40 per share, totalling up to Rs. 2,31,46,764. The recommendation was published in Financial Express (English, all editions), Janasatta (Hindi, all editions), and Mumbai Lakshadweep (Marathi, Mumbai edition) as required under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This is a procedural filing and does not directly affect the share price. However, it confirms that the takeover process is actively progressing and public shareholders now have the Independent Directors' formal recommendation to review before deciding whether to tender their shares in the Open Offer at Rs. 16.40 per share.