Pursuant to Regulation 26(7) of the SEBI (SAST) Regulations, the 'Recommendation of the Committee of the Independent Directors' of Mehta Housing Finance Limited ('Target Limited') in relation to the open offer made by Mr. PankajKumar Ranchhoddas Ruparel, Mr. Vishal Ruparel, Mr. Ruparel Shyam Pankajbhai, and M/s. Ruparel PankajKumar Ranchhoddas (HUF) (Hereinafter collectively called 'Acquirers') to the public shareholders of the Target Company for the acquisition of 8,01,320 equity shares of the face value of Rs. 10/- each for cash at a price of Rs. 10/- (rupees ten only) each fully paid-up equity share pursuant to Regulations 3(1), 4, and other applicable provisions of SEBI (SAST) Regulations has been published in the following newspapers on Wednesday, January 20, 2021, where the Detail Public announcement ('DPA') of the Open offer has been published: