The Jay Kailash Namkeen open offer will receive reasoned recommendations from a newly constituted committee of independent directors, the company said in a BSE filing dated October 2, 2026. Its board formed the three-member committee through a resolution passed by circulation on the same day.

The offer concerns the acquisition of 21,76,540 fully paid-up equity shares from shareholders of Jay Kailash Namkeen Ltd. The filing identifies Mr. Amar Pramod Talwar as the acquirer and Jay Kailash Namkeen as the target company.

The disclosure sets out the committee’s membership, its purpose and the regulatory provisions under which the open offer is being made.

Three independent directors named to the committee

The board has appointed the following independent directors to the committee:

  • Mr. Dipakbhai Bhikhubhai Hariyani
  • Ms. Pooja Jamnabhai Varsani
  • Mr. Vipin Vishvanath Agrawal

The committee’s stated responsibility is to provide reasoned recommendations on the open offer. The October 2 communication reports its constitution; it does not contain the committee’s recommendations or state a view on whether shareholders should accept the offer.

For shareholders following the transaction, the disclosed development is therefore the formation of the body tasked with assessing the offer and providing its recommendations. The filing does not identify a chairperson among the three members or specify a date for issuing those recommendations.

Offer terms and regulatory basis disclosed

The shares covered by the open offer have a face value of Rs 10 each. This is the equity shares’ face value; the committee-constitution filing does not disclose an offer price or total acquisition consideration. It also does not provide the offer’s opening and closing dates.

The company said the open offer is being made pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Jay Kailash Namkeen submitted the communication to BSE under scrip code 544160. Managing Director Neel Narendrabhai Pujara signed the filing on behalf of the company, whose registered office is in Rajkot, Gujarat.