MAPRO INDUSTRIES : OPEN OFFER WORTH RS 1.16 CR AT RS 60.13/SHARE

• Arambhveer Limited and PACs make mandatory open offer for up to 21,81,121 shares (26.00% of voting capital) at ₹60.13/share • Offer consideration assuming full acceptance is ₹13.12 Cr; offer opens Nov 19, 2026 and closes Dec 3, 2026 • Underlying SPA: Acquirer to buy 21,85,430 shares (26.05%) from Mr. Sandeep Gupta at ₹30/share, aggregating ₹6.56 Cr • Post SPA and open offer, Acquirer and PACs to hold 43,82,402 shares (52.24%) if full acceptance; Acquirer alone 52.05% • Acquirer intends to retain BSE listing and no delisting offer is proposed; Mapro shares are under ESM Stage 2 and GSM Stage 0 • Target Mapro Industries is engaged in specialized construction; BSE scrip code 509762

Mapro Industries Ltd

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