Navigant Corporate Advisors 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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Sanmitra Commercial Limited (BSE Code: 512062) has filed the recommendations of its Committee of Independent Directors (IDC) regarding an open offer for its shareholders. Acquirers Ankit Jalan and Anuj Jalan, along with six persons acting in concert (Manju, Radhika, Prachi, Ritu, Divyanshi, and Daivik Jalan), are looking to acquire up to 1,49,76,000 fully paid-up equity shares — representing 26% of the expanded equity share capital — at a price of Rs. 15 per share (face value Rs. 10). The IDC recommendations were published on 02 January 2026 in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi). The offer is being managed by Navigant Corporate Advisors Limited under SEBI (SAST) Regulations, 2011.
Shareholders of Sanmitra Commercial Limited should review the IDC's recommendations on whether to accept the open offer at Rs. 15 per share. The offer price represents a key benchmark for evaluating the attractiveness of tendering shares versus holding them, and the IDC's opinion is an important reference point for retail investors making this decision.