Kuber Udyog: Independent Directors Recommend Open Offer

Systematix Corporate Services Ltd, acting as Manager to the Offer, has submitted the Independent Directors' Committee (IDC) recommendations to BSE regarding the open offer for Kuber Udyog Limited. The offer, managed by Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta along with PACs Trimudra Trade & Holdings Private Limited and Ms. Shraddha Gohil, aims to acquire up to 3,19,71,680 equity shares (26.00% of the expanded capital) at ₹23.35 per share. The IDC, comprising independent directors Mrs. Purvi Patel (Chairperson) and Mr. Akshay Girish Poriya, found no conflicts of interest and have provided their recommendations as per SEBI (SAST) Regulations. These recommendations were published in The Financial Express, Jansatta, and Mumbai Lakshdeep on October 21, 2026.