Outcome of Independent Director''s Committee Meeting
Awaiting price reaction for this filing.
Dugar Housing Developments Limited informed BSE that its Committee of Independent Directors has reviewed and given its recommendation on an open offer made by Mr. Vinoth Kumar Mohanadas and Mrs. Suseela Kumarappan. The open offer is for acquisition of 30,94,000 equity shares (31.90% of fully diluted share and voting capital) under SEBI Takeover Regulations. The Independent Directors reviewed the offer price of ₹12 per equity share and found it to be fair and reasonable. Their recommendation will be published in newspapers on October 1, 2025, alongside the Detailed Public Statement.
The Independent Directors' endorsement of the ₹12 per share offer price is a neutral-to-slightly-positive signal for shareholders, as it confirms the price is reasonable. Shareholders now have a benchmark to decide whether to tender their shares in the open offer.