Vivro Financial Services Pvt Ltd has submitted toÿ the Exchangeÿ a copy ofÿRecommendations of the Committee of Independent Directors ( IDC ) of SAL Steel Limited ( Target Company or TC )underÿRegulation 26(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,ÿ2011, as amended ( SEBI SAST Regulations ) in relation to the open offer to the public shareholders of the Target Companyÿ( Open Offer ) made by Sree Metaliks Limited ( Acquirer ).