Nishtha Finance and Investment (India) Ltd has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ('IDC') on the Open Offer to the Public shareholders of Nishtha Finance and Investment (India) Limited (Target Company) by Ashish Joshi and Chetankumar Chovatiya (Acquirers) under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent Amendments thereto [SEBI (SAST) Regulations, 2011 "/Regulations].