Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors (''IDC'') in relation to the Open Offer (Offer'') to the Public Shareholders of PFL Infotech Ltd ("Target Company") under the provisions of Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Subsequent Amendments thereto(''SEBI (SAST) Regulations'').