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| Exchange Received Time 26/04/2018 19:27:23 Exchange Disseminated Time 26/04/2018 19:27:28 Time Taken 00:00:05 | Dear Sir/Madam,
With regard to the captioned Open Offer, Assystem Services Deutschland GmbH ('Acquirer") and SQS Software Quality Systems AG, Germany ("SQS AG" or "PAC"), have sent the Letter of Offer to the Target Company on April 24, 2018.As per Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the Committee of Independent Directors has to make their recommendation on the Open offer and the same needs to be published in the Newspapers in which the Detailed Public statement was published.
In this regard, we have published the recommendations of the Committee of Independent Directors in the prescribed format on April 26, 2018, in all the editions of The Financial Express (English), all the editions of Jansatta (Hindi), Chennai edition of Makal Kural (Tamil) and Mumbai edition of Navshakti (Marathi).Please find enclosed a copy of recommendations of Committee of Independent Directors as published in the above said newspapers for your records. |
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