In relation to the captioned subject, we are enclosing herewith the written reasoned recommendation of Committee of Independent Directors approved at its meeting held on Thursday, February 12, 2026, on the above referred Open Offer, pursuant to Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and the Recommendation of IDC is published on February 13, 2026 in the newspapers: Financial Express: EnglishJansatta : HindiPratahkal : MArathi