National Fittings Limited's Independent Directors Recommend Open Offer by Himgiri Castings

National Fittings Limited has announced that its Independent Directors Committee has made recommendations regarding the open offer by Himgiri Castings Private Limited. The committee convened on September 6, 2025, to evaluate and provide guidance to public shareholders concerning the open offer and the pricing of equity shares.

Key Details of the Announcement

• Meeting Date: The Independent Directors Committee met on September 6, 2025.
• Purpose: To provide recommendations on the open offer and pricing of equity shares.
• Offeror: Himgiri Castings Private Limited
• Target Company: National Fittings Limited

Public Disclosure

National Fittings Limited ensured widespread dissemination of this crucial information by publishing advertisements in four newspapers on September 8, 2025:

1. Financial Express
2. Jansatta
3. Navshakthi
4. Dinakural

This multi-lingual approach (English, Hindi, and regional languages) demonstrates the company's commitment to reaching a diverse shareholder base and ensuring transparency in the open offer process.

Regulatory Compliance

The company has duly informed the Bombay Stock Exchange about this development through a formal communication. S. Aravinthan, the Company Secretary of National Fittings Limited, submitted the information to the stock exchange, adhering to regulatory disclosure requirements.

Implications for Shareholders

The recommendations provided by the Independent Directors Committee are crucial for public shareholders of National Fittings Limited. These insights can help shareholders make informed decisions regarding the open offer by Himgiri Castings Private Limited.

Shareholders and potential investors are advised to carefully review the committee's recommendations and consider them in light of their investment objectives before making any decisions regarding the open offer.

Next Steps

Interested parties should look out for further announcements from National Fittings Limited or regulatory bodies for more details on the open offer, including the offer price, timelines, and procedures for participating in the offer.

National Fittings Limited's proactive approach in communicating this development underscores its commitment to corporate governance and shareholder interests. As the situation evolves, stakeholders are encouraged to stay informed through official channels and seek professional advice if needed.