COMRADE : OPEN OFFER FOR 26% STAKE WORTH RS 9.26 CR

• Four acquirers led by Omnia Appliances to buy up to 26,46,487 shares, 26% of expanded capital, at ₹35/share • Maximum consideration for the open offer ~₹9.26 Cr, payable in cash • Acquirers signed SPA for 18,90,000 shares (24.30% of pre-issue capital) from promoter Mehboob Alam at ₹34/share, ~₹6.43 Cr • Board approved preferential issue of 24,00,000 shares at ₹34; Acquirer 1 subscribes 20,00,000 for ~₹6.80 Cr • Post-offer acquirers to hold 65,36,487 shares or 64.22% of expanded capital, in joint control with existing promoters • Target reported FY26 revenue ₹24.94 Cr with net loss ₹9.46 Cr; offer opens Dec 8, 2026 and closes Dec 21, 2026

Comrade Appliances Ltd

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