Automotive Axles has informed that it enclosed the written reasoned Recommendation approved by the Committee of Independent Directors at its meeting held on 16th December 2022, relating to the Open Offer pursuant to Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. The same will also be published in the newspapers. Details are enclosed.
The above information is a part of company’s filings submitted to BSE.