ÿMerchant Banking Division ,ÿRarEver Financial Advisorsÿhas submitted toÿ the Exchange a copy of Recommendation of the Independent Director Committee the companyÿ in relation to the open offer Made by Mr. Guruprasad Seetharam Kudva to the public shareholders of the company under Regulation 26(7) of SEBI (SAST) Regulations, 2011 and Subsequent Amendments thereto (SEBI (SAST) Regulations, 2011.)