Arihant Capital Markets Ltd ("Manager to the Offer") has submitted to BSE a Copy of Recommendation of Committee of Independent Directors (IDC) on the Open Offer to the Equity Shareholders of Ganesh Benzoplast Ltd ("Target Company / TC") by Mr. Rishi Ramesh Pilani, (Acquirer) along with Persons Acting in Concert Tarang Advisory Private Limited, Mr. Gul Kewalram Bijlani and Mr. Dinesh P Thapar (hereinafter collectively referred as PACs) for acquisition of up to 1,34,63,917 Equity Shares under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations").
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