Systematix Corporate Services Limited ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ("IDC") on the Open Offer to the Public Shareholders of Kandagiri Spinning Mills Ltd ("Target Company") under Regulation 26(7) of Securities and Exchange Boardof India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendmentsthereto ("SEBI (SAST) Regulations").
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