Silly Monks Entertainment Limited has announced the recommendations of its Committee of Independent Directors (IDC) regarding the Open Offer to public shareholders. The Open Offer, made by Mr. Satyapoorna Chander Yalamanchili, aims to acquire up to 35,97,865 equity shares, representing 26.00% of the company's voting share capital, at a price of ₹18.50 per share.

The IDC, comprising Mr. Prasada Rao Kalluri (Chairman), Mr. Rammohan Paruvu, and Mr. Ratnakarrao Chepur, has reviewed the Public Announcement dated November 03, 2025, the Detailed Public Statement dated November 11, 2025, and the Letter of Offer dated January 07, 2026.

Based on their review, the IDC has unanimously concluded that the Open Offer is fair and reasonable. They noted that the offer price of ₹18.50 per equity share is in line with SEBI (SAST) Regulations, 2011, and appears justified. The IDC, however, advised public shareholders to independently evaluate the offer and make an informed decision. The IDC members confirmed they hold no equity in the company and have no trading relationship with the acquirer.