Swarnsarita Jewels India: Recommendations of Committee of Independent Directors ("IDC")

Deep Shailesh Lakhani ("Chairman-IDC") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ("IDC") on the Open Offer to the Public Shareholders of Swarnsarita Jewels India Ltd (Target Company) under Regulation 26(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 and subsequent amendments thereto (SEBI (SAST) Regulations 2011).