We are submitting herewith the outcome of meeting of the Committee of Independent Directors for Open Offer held on October 15, 2024, inter alia has transacted the following business: The Committee of Independent Directors at its meeting held on October 15, 2024 discussed, analysed and reviewed the open offer given by Acquirer pursuant to Public Announcement dated 17th July, 2024, Detailed Public Statement dated 24thJuly, 2024and Letter of Offer dated 04th October, 2024. The Committee of Independent Directors has concluded that open offer is fair and reasonable.