Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendation of the Committee of Independent Directors (''IDC'') in relation to the Open Offer (''Offer'') to the Public Shareholders of Magnanimous Trade & finance Ltd ("Target Company") under the Provision of Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Subsequent Amendments thereto (''SEBI (SAST) Regulations'').