Please find attached Outcome of Meeting of the Committee of Independent Directors for Open Offer held on April 15, 2026.
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The Committee of Independent Directors of Simandhar Impex Limited reviewed the open offer by FalticQ International Private Limited to acquire 7,75,310 partly paid-up equity shares at Rs 30 per share (face value Rs 10 each), representing 25.36% of the voting share capital. The offer was made pursuant to a Public Announcement dated 14th January 2026, Detailed Public Statement dated 21st January 2026, and Letter of Offer dated 4th April 2026. After analysis, the Committee concluded that the open offer is fair and reasonable for the shareholders.
The Independent Directors' committee has endorsed the open offer as fair, which may encourage minority shareholders to tender their shares. This represents a change in control scenario for the company.