Devinsu Trading Ltd — Important, 01-01-1970: Company Update

Devinsu Trading's Independent Directors' Committee (IDC) has reviewed the open offer from Mr. Dennis Desai to acquire up to 1,63,800 equity shares, representing 26.00% of the company's voting capital, at `350.00 per share. The IDC opined that the offer is fair and reasonable, after evaluating the public announcements and offer letter. They concluded the `350.00 per share price appears justified. The committee emphasized that public shareholders should still conduct their own independent evaluation to make an informed decision regarding tendering their shares.