TMT (India) Limited's Committee of Independent Directors met to review the open offer by Yoga Builders Private Limited, Scaffold Properties Private Limited, and Mk Profinlease Private Limited.

The offer is to acquire up to 12.88 lakh equity shares, representing 26% of the company's voting capital, at Rs. 10 per share.

After discussion and analysis, the Committee has concluded that this open offer is fair and reasonable, providing important context for shareholders regarding the acquisition proposal.