Premier Capital Services Ltd — Important, 01-01-1970: Company Update

Premier Capital Services' Independent Directors Committee (IDC) has assessed the open offer from Mr. Hitesh Kothari and associates. The offer is for up to 96.36 lakh shares, representing 26% of the company's voting capital, priced at ₹5.65 per share, totaling up to ₹5.44 Cr. The IDC members view the offer as fair and reasonable, encouraging shareholders to conduct their own independent evaluation. A notable development is the termination of the underlying Share Purchase Agreement by the selling promoter. While the acquirers are exploring legal options regarding this termination's impact, they are still bound by the open offer commitments.