Sueryaa Knitwear has informed that Swaraj Shares and Securities (Manager to the Offer) has submitted a copy of Recommendations of the Committee of Independent Directors (IDC) of Sueryaa Knitwear (Target Company) in relation to the Open Offer (Offer) made by Shailesh Miyanbazaz (Acquirer), to the public shareholders of the Target Company under Regulations 26(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (SEBI (SAST) Regulations).
The above information is a part of company’s filings submitted to BSE.