Open Offer Disclosure for Kuber Udyog Limited

Offer Details

  • Acquirers: Mr. Manav Bahri (Acquirer 1), Mr. Dinesh Popli (Acquirer 2), and Mr. Ajay Dutta (Acquirer 3)
  • Persons Acting in Concert: Trimudra Trade & Holdings Private Limited (PAC 1) and Ms. Shraddha Gohil (PAC 2)
  • Target Company: Kuber Udyog Limited (CIN: L51909MH1982PLC371203)
  • Offer Size: 3,19,71,680 fully paid-up equity shares of face value ₹10 each
  • Percentage of Expanded Voting Share Capital: 26.00%
  • Offer Price: ₹23.35 per equity share (Rupees Twenty-Three and Thirty-Five Paise Only)
  • Payment Method: Cash payment in accordance with Regulation 9(1)(a) of SEBI (SAST) Regulations
  • No Upward Revision: No revision of Offer Price or Offer Size by Acquirers and PACs

Independent Directors Committee Recommendation

  • Committee of Independent Directors (IDC) meeting held on October 19, 2026
  • Recommended that Offer Price is fair and reasonable as on date of Public Announcement
  • Recommendations published on October 21, 2026 in the same newspapers

Competitive Situation

  • No competing offer in terms of Regulation 20 of SEBI (SAST) Regulations
  • This Offer is not a competing offer

Shareholder Communication

  • Letter of Offer including Form of Acceptance-cum-Acknowledgement dispatched to eligible public shareholders through Email and Speed Post/Registered Post by Registrar to the Offer
  • Dispatch completed on or before October 21, 2026
  • Registered members determined as on Identified Date: October 13, 2026
  • LOF also available on SEBI website: http://www.sebi.gov.in

Tendering Procedures

For Dematerialized Shares:
  • Eligible shareholders may participate through their Selling Broker
  • Selling Broker places order/bid using Acquisition Window of BSE
  • Lien required to be marked on tendered Equity Shares before placing bid
  • Shares must be tendered before market hours close on last day of Tendering Period

Buying Broker Details:

  • Prabhudas Lilladher Pvt. Ltd.
  • 3rd Floor, Sadhana House, Opp. B. M. Baug, 570 Worli, Mumbai - 400018
  • Tel: 022-6632 2222; Email: cdsl@plindia.com
  • Contact Person: Vinit Sawant
For Physical Shares:
  • Shareholders may apply on plain paper with required details
  • Required documents: Original share certificates, PAN card copies, executed share transfer form in favor of Acquirers
  • Applications must reach Registrar within 2 working days from Offer closure (by November 13, 2026, 5:00 PM)
  • Signature mismatches may lead to rejection

Collection Center for Physical Shares:

  • Satellite Corporate Services Pvt. Ltd.
  • Unit: Kuber Udyog Limited - Open Offer
  • Office No. 106 & 107, Dattani Plaza, East West Compound, Andheri Kurla Road, Sakinaka, Mumbai - 400072
  • Contact: Mr. Michael Monterio, Tel: 022-28520461/28520462
  • Delivery Mode: Hand Delivery/Registered Post

Regulatory Approvals

  • No statutory approvals required except voluntary surrender of NBFC Certificate of Registration (CoR) by Target Company
  • NBFC CoR surrender application pending approval with RBI
  • Offer subject to obtaining any required statutory approvals before closure of Tendering Period

Revised Schedule of Activities

| Activity | Original Schedule | Revised Schedule |

| Public Announcement (PA) Date | August 07, 2026 | August 07, 2026 |

| Detailed Public Statement (DPS) Publication | August 14, 2026 | August 14, 2026 |

| Draft Letter of Offer (DLOF) filing with SEBI | August 21, 2026 | August 21, 2026 |

| Competitive Bid/Offer Last Date | September 07, 2026 | September 07, 2026 |

| SEBI Observations on DLOF | September 15, 2026 | October 09, 2026 |

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

| Corrigendum to DPS Publication | Not Applicable | October 19, 2026 |

| LOF Dispatch to Shareholders | September 24, 2026 | October 21, 2026 |

| IDC Recommendation Date | September 25, 2026 | October 21, 2026 |

| Offer Price/Size Revision Last Date | September 30, 2026 | October 27, 2026 |

| Pre-Offer PA Publication | September 30, 2026 | October 27, 2026 |

| Tendering Period Start (Offer Opening) | October 01, 2026 | October 28, 2026 |

| Tendering Period End (Offer Closing) | October 15, 2026 | November 11, 2026 |

| Bids/Shares Acceptance Date | Not Available | November 16, 2026 |

| Settlement Date | Not Available | November 17, 2026 |

| Payment/Refund Completion | October 30, 2026 | November 26, 2026 |

| Post-Offer PA Publication | November 06, 2026 | December 03, 2026 |

| Final Report Submission to SEBI | November 06, 2026 | December 03, 2026 |

Additional Information

  • Identified Date (October 13, 2026) only for determining registered members for LOF dispatch
  • All holders of Equity Shares (except excluded from Public Shareholders definition) eligible to participate during Tendering Period
  • Acquirers and PACs accept full responsibility for information in Pre-Offer PA
  • Copy of Pre-Offer Advertisement expected on SEBI website: www.sebi.gov.in