Pursuant to the regulation 26(7) of the SEBI (SAST Regulations, 2011, please find enclosed copy of recommendation of the committee of Independent Directors for the open offer.
Awaiting price reaction for this filing.
Alchemist Corporation Ltd has informed BSE about an open offer by Wallet Circle Technologies Limited (the Acquirer) to buy up to 12,72,133 equity shares from public shareholders, representing 25.89% of the company's total voting share capital. The offer price is fixed at ₹16 per share in cash, against a face value of ₹10. The acquirer is seeking to purchase these shares under SEBI's Takeover Regulations, 2011. As required by Regulation 26(7), the company has enclosed the recommendation of its Committee of Independent Directors on the offer, and the same was published on September 6, 2025 in Financial Express, Jansatta, and Pratahkal newspapers.
Public shareholders of Alchemist Corporation can tender their shares in the open offer at ₹16 per share in cash within the tendering period. Shareholders should review the Independent Directors' recommendation (now published in newspapers) before deciding whether to participate in the offer or hold their shares.