Simandhar Impex Ltd: Independent Directors Find Open Offer Fair and Reasonable
The Committee of Independent Directors for Simandhar Impex Ltd conducted a meeting on April 15, 2026, regarding the open offer for the company's shares. Following a review of the documentation, the Committee concluded that the open offer proposed by Tamililangana Private Limited is fair and reasonable.The open offer involves the acquisition of 7,7.5,310 equity shares of Simandhar Impex Ltd at a price of Rs 3QL:p per equity share. This offering represents 25.36% of the fully paid up and voting share capital by Tamililangana Private Limited.
The Committee of Independent Directors reviewed and analyzed the open offer parameters given by Tamililangana Private Limited. The review incorporated documents including:
- Public Announcement dated January 14, 2026
- Detailed Public Statement dated January 21, 2026
- Letter of Offer dated April 04, 2026
Following the analysis of these documents, the Committee issued its conclusion affirming that the open offer was fair and reasonable.
Stock Price Movement
As of 10:51, shares of Simandhar Impex Ltd are hovering flat at ₹130.00, showing zero percent movement for the trading day. The stock is completely locked at this single price point, as the intraday high and low both sit at ₹130.00.Source:
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