D & A Financial Services (P) Ltd ("Manager to the Offer) has submitted to BSE a copy of Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Committee of Independent Directors (IDC) of Switching Technologies Gunther Limited has unanimously recommended the open offer as fair and reasonable. The acquirers are offering INR 66 per share to acquire up to 6,37,000 equity shares representing 26% of the emerging share capital. The IDC noted that the offer price of INR 66 is higher than both the SEBI SAST Regulations calculated price of INR 65.22 per share and the Share Purchase Agreement negotiated price of INR 30 per share. The recommendation was approved by both IDC members on April 11, 2026. Shareholders are advised to independently evaluate the offer and seek expert opinion on taxation before making their decision.
The positive IDC recommendation is a standard regulatory requirement and signals that the open offer meets SEBI compliance standards. The offer price being above the regulatory minimum provides some comfort to shareholders considering tendering their shares.