COMRADE APPLIANCES : APPROVES PREFERENTIAL ISSUE WORTH RS 8.16 CR

• Board approved issue of up to 24,00,000 equity shares at ₹34/share, aggregating up to ₹8.16 Cr, in cash • Allottees: Omnia Appliances (20,00,000 shares) and Anadi Investments (4,00,000 shares), both currently in the Public category • Promoter Mehboob Alam signed an SPA to sell 18,90,000 shares (24.30% of paid-up capital) at ₹34 each for ₹6.43 Cr to Omnia Appliances, Graphic Promoters and Developers, Amaira Estate Advisors LLP and MLJ Aeternum LLP • Acquirers will hold substantial stake and acquire joint control; an open offer under SEBI (SAST) Regulations is required, after which Omnia Appliances and other acquirers will be classified as Promoter & Promoter Group • Issue subject to shareholder approval via postal ballot and applicable regulatory approvals; Preferential Issue Committee constituted

Comrade Appliances Ltd

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