This document is a corrigendum issued by Aar Shyam India Investment Company Limited to correct and clarify details in the original Notice of the Annual General Meeting (AGM) dated August 26, 2026. The AGM is scheduled for Monday, September 21, 2026, at 03:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means.

The corrigendum is issued pursuant to the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) and forms an integral part of the AGM Notice. It was dispatched to members electronically on September 16, 2026.

Key Corrections and Additions:

1. Financial Amount Correction (Item No. 8 – Point 7(A)):

The amount stated as "21,81,46,905 (Rupees Twenty One Crores Eighty One Lakhs Forty Six Thousand Eight Five)" on Page 50 is corrected to "21,81,15,000 (Rupees Twenty-One Crore Eighty-One Lakh Fifteen Thousand Only)".

2. Detailed Shareholding Pattern (Item No. 8 – Point 7(G)):

A new Point III is added on Page 56, providing a complete allottee-wise pre and post-preferential issue shareholding table for the proposed allotment of 1,45,41,000 equity shares.

| Proposed Allottee | Pre-Issue Shares | Pre-Issue %* | Issue Shares | Post-Issue Shares^ | Post-Issue %# |

| Radha Krishna Avudari | 4,20,129 | 14.00 | 1,03,24,110 | 1,19,60,307 | 53.22 |

| Sudha Rani Avudari | 0 | - | 30,05,140 | 30,05,140 | 13.37 |

| Srikanth Nagabhyru | 0 | - | 7,27,050 | 7,27,050 | 3.24 |

| Subba Rao Bolla | 0 | - | 4,84,700 | 4,84,700 | 2.16 |

| TOTAL | 4,20,129 | 14.00 | 1,45,41,000 | 1,61,77,197 | 71.99 |

*Based on Existing Paid-up Equity share capital

^Includes 12,16,068 Equity Shares to be acquired by means of an SPA

#Based on Emerging paid up share capital of the Company

3. Shareholding Pattern and MPS Restoration Plan (Item No. 8 – Point 7(G) II and Item No. 9 – Point E):

Added disclosure on Page 54 and Page 66 showing expected shareholding at various stages and a Minimum Public Shareholding (MPS) restoration plan.

Post-Open Offer structure:

  • Promoter/Promoter Group: 95.82%
  • Public Shareholders: 4.18%

Post MPS Restoration (within 1 year of Open Offer completion):

  • Promoter/Promoter Group: 75.00%
  • Public Shareholders: 25.00%

4. Concert Party Clarification (Item No. 8 – Point 7(I)):

Clarified on Page 58 that Mr. Radha Krishna Avudari (Acquirer 1), Mrs. Sudha Rani Avudari (Acquirer 2), and Mr. Srikanth Nagabhyru (Acquirer 3) are acting in concert. Other allottees are not acting in concert with these acquirers.

5. Change in Control Details (Item No. 8 – Point 7(J)):

Added disclosure on Page 58 confirming that upon completion of the Open Offer, the three acquirers will constitute the new Promoter/Promoter Group. Existing promoters will be reclassified to Public category subject to regulatory approvals.

6. Valuation Details for Share Swap (Item No. 9 – Point O):

Added valuation summary from Mr. Anil Rustgi, Registered Valuer (IBBI/RV/05/2019/12313) on Page 72.

Aar Shyam India Investment Company Limited (ASIICL) Valuation:

  • Discounted Cash Flow Method: ₹15.46 per share (Weight: 1)
  • Net Asset Valuation: ₹9.07 per share (Weight: 1)
  • Comparable Trading Multiples: (₹225.00) per share (Weight: 0)
  • Weighted Average Fair Value: ₹12.27 per share

SVR Valuation:

  • Net Asset Value Method: ₹72.72 per share (100% weightage)
  • Book Value of Assets: ₹5653.29 lakh
  • Book Value of Liabilities: ₹3471.82 lakh
  • Net Asset Value: ₹2181.47 lakh
  • Paid-up Equity Capital: 30,00,000 shares of ₹10 each

Share Swap Ratio: 1,45,41,000 Equity Shares of ASIICL to be issued for acquisition of 30,00,000 Equity shares of SVR. [Note: Mathematical calculation was 1,45,43,125 shares, rounded down for homogeneity].

7. Miscellaneous Clerical Corrections:

Ten specific clerical errors were corrected across the document, including:

  • AGM date references (2025 corrected to 2026)
  • Auditor location (Hyderabad corrected to Delhi)
  • Financial year reference (2025-24 corrected to 2025-26)
  • Company name references (SSSPL corrected to SVR)
  • Resolution item numbers corrected throughout
  • Omission of redundant text in regulatory descriptions