TUSALDAH : OPEN OFFER AT ₹20/SHARE WORTH RS 7.57 CR

• Acquirers Mr. Sandeep Agrawal and Mrs. Anupriya Agrawal to acquire up to 37,83,000 equity shares, or 26% of expanded equity and voting capital, at ₹20/share • Maximum offer consideration ~₹7.57 Cr; acquirers have deposited ₹1.9 Cr in escrow with ICICI Bank, above the 25% requirement • Offer triggered by proposed preferential issue of 58,56,570 equity shares and 63,50,000 convertible warrants at ₹20 each • Target's shares closed at ₹182.85 on October 5, 2026 versus the ₹20 offer price • Post-offer, acquirers to hold 78.87% of expanded capital assuming full acceptance, with no plans to materially alter existing business • Target to acquire Tusaldah Ventures Pvt Ltd via share swap for ₹5.82 Cr, making TVPL a wholly owned subsidiary • Offer opens November 20, 2026 and closes December 4, 2026

Tusaldah Ltd

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