<h1>Independent Directors Committee Concludes Open Offer is Fair and Reasonable for Niraj Cement Structurals</h1>
Niraj Cement Structurals Limited has received confirmation regarding its open offer following the meeting of the Committee of Independent Directors. The committee concluded that the open offer put forth by Gulshankumar Vijaykumar Chopra is fair and reasonable.
The Committee, which held a meeting on July 28, 2026, reviewed the details of the open offer concerning the target company. The offer has been made by the Acquirer to acquire up to 15,520,529 equity shares of Niraj Cement Structurals Limited.
The transaction represents 26.00% of the fully paid-up and voting share capital. Under the open offer terms, the fully paid-up equity share is being offered at a price of Rs. 29/- per share.
The Committee analyzed and reviewed several foundational documents related to the offer, including the Public Announcement dated June 16, 2026, the Detailed Public Statement dated June 22, 2026, and the Letter of Offer dated July 18, 2026. Based on this review, the Committee of Independent Directors determined that the open offer meets the standard of fairness and reasonableness.
NIRAJ Stock Price Movement
Today, shares of Niraj Cement Structurals Limited edged up to settle at ₹29.05 after the close, gaining 0.86%. The equity saw active trading today, with a total volume of 137,199 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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