Newspaper publication of the recommendation of the committee of Independent Directors for the Open Offer.
Awaiting price reaction for this filing.
Shamrock Industrial Company Ltd has informed BSE that the recommendation of its Committee of Independent Directors regarding an ongoing Open Offer was published in the newspaper Pratahkal (English, Mumbai Edition) on October 29, 2025. The Open Offer is being made by a group of 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 ₹10) from public shareholders at a price of ₹16.40 per share, aggregating to about ₹2.31 crore in total. This filing is a routine procedural disclosure under SEBI's takeover regulations (Regulation 26(7)) and does not contain the recommendation itself, which was enclosed separately. The accompanying newspaper clipping appears to contain unrelated local news content rather than the recommendation text.
This is a mandatory procedural compliance filing and is not a price-moving announcement on its own. Public shareholders should review the actual recommendation of the Independent Directors' Committee (enclosed with the filing) to assess whether the offer price of ₹16.40 per share is fair before deciding to tender their shares.