Kuber Udyog Open Offer Corrigendum for 26% Stake

Kuber Udyog Limited

Open Offer Details

Target Company: Kuber Udyog Limited (CIN: L51909MH1982PLC371203)
Offer Size: Up to 3,19,71,680 fully paid-up Equity Shares of face value of ₹10 each
Percentage: 26.00% of the Expanded Voting Share Capital
Offer Price: ₹23.35 per Equity Share, payable in cash
Acquirers: Mr. Manav Bahri (Acquirer 1), Mr. Dinesh Popli (Acquirer 2), Mr. Ajay Dutta (Acquirer 3)
PACs: Trimudra Trade & Holdings Private Limited (PAC 1), Ms. Shraddha Gohil (PAC 2)
Regulatory Basis: Pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Reference Documents

Public Announcement dated: August 07, 2026
Detailed Public Statement dated: August 14, 2026
Draft Letter of Offer dated: August 21, 2026
Final SEBI Observation Letters dated: October 09, 2026

Publication Details

The Corrigendum was published in the following newspapers on October 19, 2026:

The Financial Express (English Daily) - All Editions
Jansatta (Hindi Daily) - All Editions
Mumbai Lakshdeep (Marathi Daily) - Mumbai Edition

Revised Schedule of Activities

| Major Open Offer Activities | Original Schedule | Revised Schedule |

| Date of Public Announcement | August 07, 2026 | August 07, 2026 |

| Last date of DPS publication | August 14, 2026 | August 07, 2026 |

| Last date of DLOF filing with SEBI | August 21, 2026 | August 21, 2026 |

| Last date for Competitive Bid/Offer | September 07, 2026 | September 07, 2026 |

| Last date of SEBI Observations | September 15, 2026 | October 09, 2026 |

| Identified Date | September 17, 2026 | October 13, 2026 |

| LOF dispatch to shareholders | September 24, 2026 | October 21, 2026 |

| Independent Directors recommendation | September 25, 2026 | October 22, 2026 |

| Publication of recommendations | September 29, 2026 | October 26, 2026 |

| Last date for upward revision | September 30, 2026 | October 27, 2026 |

| Offer Opening Public Announcement | September 30, 2026 | October 27, 2026 |

| Offer Opening Date | October 01, 2026 | October 28, 2026 |

| Offer Closing Date | October 15, 2026 | November 11, 2026 |

| Payment completion/refund | October 30, 2026 | November 26, 2026 |

| Post-Offer announcement | November 06, 2026 | December 03, 2026 |

| Final Report submission | November 06, 2026 | December 03, 2026 |

Key Notes on Timelines

1. The timelines are indicative and subject to receipt of relevant approvals from statutory/regulatory authorities

2. There is no competing offer to this Offer

3. The Identified Date is only for determining eligible equity shareholders to whom the Letter of Offer shall be sent

4. All holders of Equity Shares (except Acquirers, PACs and persons acting in concert) are eligible to participate during the Tendering Period

Golden Ikon Fleet Management Disclosures

Additional disclosures incorporated at Clause 7 of the Letter of Offer:

Incorporation: May 14, 2010 under Companies Act, 1956
Business: Fleet management services and passenger transport services pan-India
Contact: 9811167367, info@goldenikon.com
Share Capital: 95,00,000 equity shares of ₹10 each, aggregating to ₹9.50 crore

Shareholding Pattern of Golden Ikon (as on September 30, 2026)

| Name of Shareholder | No. of Shares | Shareholding (%) |

| Mr. Manav Bahri | 47,50,000 | 50.00% |

| Mr. Dinesh Popli | 23,75,000 | 25.00% |

| Mr. Ajay Dutta | 23,75,000 | 25.00% |

| Total | 95,00,000 | 100.00% |

This shareholding pattern has remained unchanged as per available records.

Business Operations

Provides fleet management and integrated facility management solutions to multinational corporations, luxury hotels, tour operators and special events
23 years in business of fleet solutions providing passenger transport services pan-India
Operational systems and procedures for managing operations, finances and administration
GPS-enabled vehicles, in-house maintenance workshops, parking facilities and backup fleet arrangements

Board of Directors of Golden Ikon

| Name | Designation | DIN |

| Mr. Manav Bahri | Director | 02996120 |

| Mr. Dinesh Popli | Director | 02996055 |

| Mr. Ajay Dutta | Director | 02995952 |

Financial Information of Golden Ikon (₹ in lakhs)

| Total Income | 30,792.35 | 23,880.41 | 18,250.47 |

| Profit After Tax | 1,111.68 | 1,508.20 | 1,124.54 |

| Earnings Per Share (₹) | 11.70 | 15.88 | 11.84 |

| Net Worth | 4,561.39 | 3,449.71 | 1,941.51 |

Inclusion of Ms. Shraddha Gohil as PAC 2

Ms. Shraddha Chandrasinh Gohil has been identified as a person acting in concert (PAC 2) as she is the ultimate beneficial owner of Trimudra Trade & Holdings Private Limited (PAC 1).

Personal Details of PAC 2

Full Name: Ms. Shraddha Chandrasinh Gohil
Father's Name: Mr. Ramesh Lakhulal Chaurasia
Age: 45 years
Residence: C/o Shraddha Gohil, 1901, Ashok Garden A Wing, T. J. Road, near Mint Colony Monorail Station, Sewri, Mumbai, Mumbai City, Maharashtra - 400015
Date of Birth: September 21, 1981
Contact: +91-8169451606, trimudra84@gmail.com
Passport: Valid passport of Republic of India
PAN: ACVPC7238B
Net Worth: ₹5.68 crore as on October 15, 2026 (certified by Sameer S. Chowdhary, Chartered Accountant)
Education: Bachelor of Management Studies
Experience: Approximately 6 years as Director in private limited company

Directorship Details

Director of: Trimudra Trade & Holdings Private Limited (PAC 1) since July 9, 2020
DIN: 02775186
No other directorships

Shareholding in PAC 1

Ms. Shraddha Gohil holds 4,06,147 equity shares of PAC 1, representing 94.12% of its issued, subscribed and paid-up equity share capital, and is the promoter director.

Shareholding Pattern of PAC 1

| Name of Shareholder | No. of Shares | Shareholding (%) |

| Ms. Nidhi Gupta | 25,373 | 5.88% |

| Ms. Shraddha Gohil | 4,06,147 | 94.12% |

| Total | 4,31,520 | 100.00% |

Other Disclosures

PAC 2 does not hold any Equity Shares of Target Company as on date of Letter of Offer
No other relationship or interest in Target Company except in relation to warrants subscribed by PAC 1
Not categorized as wilful defaulter by any bank/financial institution
Not prohibited by SEBI from dealing in securities

Status of Statutory Approvals

Shareholders at AGM held on September 5, 2026 approved:
Issuance of 3,95,50,000 Equity Shares and 25,00,000 Convertible Warrants to investors under Non-Promoter Public Category
Issuance of 12,00,000 Convertible Warrants to Acquirers and PAC 1
In-principle approval from BSE Limited received on October 15, 2026 for allotment of securities under Preferential Issue
Shareholders approved change of name from "Kuber Udyog Limited" to "Golden Ikon Mobility Limited"
MCA made the name "Golden Ikon Mobility Limited" available for adoption vide letter dated September 24, 2026
Target Company is in process of filing application with ROC for name change approval
Application for voluntary surrender of NBFC Certificate of Registration (CoR) pending approval with RBI
Offer subject to obtaining any required statutory approvals prior to closure of Tendering Period

Revised Shareholding Pattern

The pre-Offer and post-Offer shareholding pattern has been updated to reflect classification of Ms. Shraddha Gohil as PAC 2.

Compliance with SEBI Regulations

The Letter of Offer includes a disclaimer that Acquirers and PACs shall comply with applicable provisions of SEBI (SAST) Regulations at the time of conversion of Convertible Warrants into Equity Shares.

Documents for Inspection

Manager to the Offer has provided an e-inspection facility to shareholders during Tendering Period. Documents referred to in Clause 12 of Letter of Offer are available for inspection.

Responsibility and Availability

Acquirers and PACs accept full responsibility for information contained in Corrigendum
Jointly and severally responsible for fulfillment of obligations under SEBI (SAST) Regulations
Corrigendum available on SEBI website (www.sebi.gov.in) and BSE website (www.bseindia.com)

Exceptional Items

All other terms and contents of Detailed Public Statement and Draft Letter of Offer remain unchanged except as detailed in this Corrigendum.