Please find enclosed outcome of IDC
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Awaiting price reaction for this filing.
The Committee of Independent Directors (IDC) of Sanmitra Commercial Ltd reviewed an open offer made by Ankit Jalan and Anuj Jalan (along with six persons acting in concert from the Jalan family) to acquire up to 1,49,76,000 equity shares (26% of expanded share capital) at Rs. 15 per share. The open offer follows a Public Announcement dated 29 August 2025, a Detailed Public Statement dated 4 September 2025, and a Letter of Offer dated 22 December 2025. After review, the IDC concluded that the open offer is fair and reasonable for shareholders. The IDC meeting was held on 1 January 2026 from 11:45 a.m. to 12:30 p.m.
Shareholders now have an independent committee's backing that the Rs. 15 per share offer price is fair. With the offer deemed reasonable, shareholders can make a more informed decision on whether to tender their shares during the open offer window.