Kunvarji Finstock Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendation of the Independent Director Committee ("IDC") in relation to the Open Offer ("Offer") to the Public Shareholders of Avishkar Infra Realty Ltd ("Target Company") under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Subsequent Amendments thereto ("SEBI (SAST) Regulations, 2011").