Intimation regarding receipt of Draft letter of Offer from merchant bankers with respect to open offer.

THE SOUTH INDIA PAPER MILLS LIMITED Regd. Office & Factory : Chikkayana Chatra, Nanjangud - 571 302, Karnataka State, India Corporate & Marketing Office : # 1205 / 1206, Prestige Meridian II, M.G Road, Bangalore - 560 001. Ref: BSE/2026 2nd September 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai — 400 001 Dear Sir/Madam, Scrip Code: 516108 Ref: Our communications regarding Public Announcement & Detailed Public Statement received in relation to open offer Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Draft Letter of Offer (DLOF) received from Acquirers Mrs Nandini Modi and Mr Kirit Modi through IndcapAdvisors Pvt Ltd (Manger to open offer) . In continuation of our communication dated 19" August 2026 & 25" August 2026, this is to inform you that we have received a copy of the Draft letter of offer (DLoF) dated 2"4 September, 2026 in relation to the open offer to the Public Shareholders of The South India Paper Mills Limited (“Target Company”) by Nandini Modi and Kirit Modi (Acquirers) together with Sachin Kirit Modi, Swapnil Kirit Modi, Riddhi Sachin Modi, Bhuvi Swapnil Modi, Rihaan Sachin Modi, Rigid Containers Pvt Ltd, Fortune Packaging LLP (PAC’S). Copy of the Draft Letter of offer received from Manager to the open offer has been attached herewith for your reference. This is for your information and record. Thanking you, Yours faithfully For The South India Paper Mills Limited Digitally signed by . Vidya Bhat Vidya Bhat pate, 2076.09.02 Vidya Bhat 17:43:19 +05'30' Company Secretary Encl: as above SIPM —— CIN (Corporate Identity No.) L85110KA1959PLC001352 FACTORY : PHONE: (91) (08221) 228265-67 CORPORATE : PHONE: (91) (080) 41123605 E-mail : marketing @sipaper.com Grams : PAPERMILLS Website : www.sipaper.com a D Kolkata | n d Ca Advi S 0 rs Suite 1201, 12* Floor, Aurora Waterfront, GN 34/1, Sector 5, Salt Lake City, Kolkata 700091 T: +91 33 4069 8001 E: kolkata@indcap.in Enabling Growth |Creating Value W: www.indcap.in Date: 02.09.2026 The South India Paper Mills Limited Chikkayana Chatra, P.O.: Nanjangud, Nanjangud, Karnataka, India-571301 Sub: Open Offer to acquire up to 48,75,000 equity shares representing 26.00% of the voting share capital of The South India Paper Mills Limited by the Acquirers (as defined below) along with the PACs (as defined below) at an offer price of $120/- per fully paid-up share Dear Sir/Madam, We would like to inform you that Nandini Modi and Kirit Modi (collectively the “Acquirers”), along with (1) Sachin Kirit Modi; (ii) Swapnil Kirit Modi; (iit) Riddhi Sachin Modi; (iv) Bhuvi Swapnil Modi; (v) Rihaan Sachin Modi; (vi) Rigid Containers Private Limited; and (vii) Fortune Packaging LLP, (collectively the “PACs”) have announced an Open Offer for acquisition of up to 48,75,000 (Forty Eight Lakhs Seventy Five Thousand) fully paid-up equity shares of face value of Rs.10/- (Rupees Ten Only) each, representing 26.00% of the total equity and voting share capital of The South India Paper Mills Limited (“Target Company”) (having CIN L85110KA1959PLC001352, Scrip Code: 516108 and Scrip ID: STHINPA) on a fully diluted basis, from the public shareholders of the Target Company for cash at an offer price of se (Rupees One Hundred and Twenty Only) per Equity Share. The Open Offer is being made pursuant to and in compliance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition,of,Sharesjand Takeover) Regulations, 201 land subsequent-amendments thereto (“SEBI (SAST) Regulations”) In accordance with the provisions of Regulation 12(1) of the SEBI (SAST) Regulations, we, Indcap Advisors Private Limited, a SEBI registered Merchant Banker having Registration No. INM000013031, have been appointed as the Manager to the Open Offer, by the Acquirers. As required under Regulation 16(1) of the SEBI (SAST) Regulations, we are enclosing herewith a copy of the Draft Letter of Offer dated September 02, 2026. We request you to kindly upload the Draft Letter of Offer on your website. Kindly acknowledge receipt. Yours sincerely, For and on behalf of, Indcap Advisors Private Limited Ravi Prakash Mundhra Compliance Officer Indcap Advisors Private Limited Bangalore New Delhi Cove Offices 3rd Floor, 315 Rectangle One, Raheja Plaza, 3rd Floor, Richmond Rd, D-4, Saket, New Delhi-110017 Ashok Nagar, Bengaluru, Karnataka 560025 T: +91 11 4317 2313 CIN : U74120WB2008PTC125639 DRAFT LETTER OF OFFER (*‘DLOF”) “THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION” This Draft Letter of Offer (as defined below) is being sent to you as a Public Shareholder (as defined below) of The South India Paper Mills Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or the Manager to the Offer (as defined below) or the Registrar to the Offer (as defined below). In the event you have recently sold your Equity Shares (as defined below) in the Target Company, please hand over the Draft Letter of Offer and the accompanying Form of Acceptance-cum-Acknowledgement and Transfer Deed to the member of the stock exchange through whom the said sale was effected. OPEN OFFER (‘OPEN OFFER”/“OFFER”) BY ACQUIRERS Name Residential Address Telephone Email Nandini Modi | Flat No. 17B- Eden Hall, Dr. Annie | +91 9987234801 kirit@kmoffice.in (‘Acquirer 1”) Besant Road, Copper Chimney Hotel, Worli S.0. Mumbai-400018, Maharashtra Kirit Modi (“Acquirer | Flat No. 17B Eden Hall, Dr. Annie | +91 9987234801 kint@kmoffice.in 2”) Besant Road, Copper Chimney Hotel, Worli S.0. Mumbai-400018, Maharashtra. ALONG WITH PERSON ACTING IN CONCERTS Name Residential Address Telephone Email Sachin Kirit Modi | Flat No. 183 B, 18 Floor, B Wing, | +91 9820181491 sachin@kmoffice.in (PAC 1”) Kalpataru HO, S K Ahire Marg, Near TV Tower, Worli, Mumbai, 400018, Maharashtra Swapnil Kirit Modi | Flat No. 17-B Eden Hall, Dr. Annie | +91 9820179807 swapnil@kmoffice.in (“PAC 2”) Besant Road, Copper Chimney Hotel, Worli S.0. Mumbai, 400018, Maharashtra Riddhi Sachin Modi | 183 B-Wing, Kalptaru Horizon, S K | +91 9820237751 sachin@kmoffice.in (“PAC 3”) Ahire Marg, Worli, Mumbai, 400018, Maharashtra Bhuvi Swapnil Modi | Q-3, Q-4, 17th Floor, Eden Hall, Dr. A. | +91 9930436414 swapnil@kmoffice.in (PAC 4”) B Road, Worli, Mumbai, Maharashtra — 400018 Rihaan Sachin Modi | 183/B Wing, Kalptaru Horizon, S K | +91 9820181491 sachin@kmoffice.in (“PAC 5”) Ahire Marg, Near Doordarshan Kendra, Worli, Mumbai, 400018, Maharashtra Rigid Containers | DP - 8, SIDCO Industrial Estate, | +91 9987234801 kiritmodioffice@gmail.com Private Limited | Tirumzhisai, Chennai, Chennai, Tamil (PAC 6”) Nadu, India, 600124 Fortune Packaging | 801, A wing, Naman Midtown, Senapati | +91 9987234801 kiritmodioffice@gmail.com LLP (PAC 7”) Bapat Marg, Elphinstone Road (West), Mumbai City, Mumbai, Maharashtra, India, 400013 TO ACQUIRE Up to 48,75,000 (Forty-Eight Lakhs and Seventy-Five Thousand) fully paid-up Equity Shares (“Offer Shares’) representing 26% (Twenty Six percent) of the Voting Share Capital (defined below) of the Target Company, for cash at an offer price of = 120/- (Rupees One Hundred and Twenty only) per Offer Share (“Offer Price”) From the Public Shareholder(s) of THE SOUTH INDIA PAPER MILLS LIMITED (“Target Company”) Registered Office: Chikkayana Chatra, P.O.: Nanjangud, Nanjangud, Karnataka, India-571301 Tel: (08221) 228265; Email: corporate@sipaper.com; Website: www.sipaper.com Corporate Identification Number: L85110KA1959PLC001352 Please Note: 1. This Offer is being made by the Acquirers and the PACs to the Public Shareholders of the Target Company pursuant to and in compliance with Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Page 1 of 60 Takeovers) Regulations, 2011 and subsequent amendments thereto (““SEBI (SAST) Regulations, 2011”) for substantial acqu [Showing first 8,000 characters — download PDF for full document]