Bonanza Portfolio Limited ("Manager to the Offer") has submitted to BSE a copy of Public Announcement (''PA'') under Regulation 3(1) and 4 read with 13, 14 and 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof for the attention of the Public Shareholders of Mayur Leather Products Ltd ("Target Company").

Public Announcement (‘PA’) under Regulation 3(1) and 4 read with 13, 14 and 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF MAYUR LEATHER PRODUCTS LIMITED Open Offer for acquisition of up to 12,57,048 (Twelve Lakh Fifty-Seven Thousand Forty-Eight) fully paid- up Equity Shares of face value of ₹10.00/- (Rupees Ten Only) each (‘Offer Shares’) representing 26.00% (Twenty-Six Percent) of the fully paid-up Equity and Voting Share Capital of Mayur Leather Products Limited. (‘Target Company’ or ‘MLPL’) at an offer price of ₹27.92 (Rupees Twenty-Seven Point Nine Two Only) per Equity Share, by Mr. Ghanshyam Hansrajani (‘Acquirer’) pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (‘Offer’ or ‘Open Offer’). This public announcement (‘Public Announcement’ / ‘PA’) is being issued by Bonanza Portfolio Limited (“BPL/ Manager to the Offer”), for and on behalf of the Acquirer, to the public shareholders (as defined below) of Target Company, pursuant to and in compliance with, amongst others, the provisions of Regulations 3(1) and 4, read with Regulations 13, 14, and 15(1) and other applicable regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (hereinafter referred to as ‘SEBI (SAST) Regulations, 2011’) For the purpose of this Public Announcement, the following terms shall have the meanings assigned to them below: a) ‘Acquirer’ refers to Mr. Ghanshyam Hansrajani, aged 67 years, an Indian Resident, bearing Permanent Account Number (PAN) ‘AAEPH7949F’ allotted under the Income-tax Act, 1961 and residing at C/O Mala, Plot No 70, Kiran Vihar, Opp Sent Angels School, Manyawas, Mansarovar, Jaipur – 302020, Rajasthan, India. b) ‘Board of Directors’ means Board of Directors of the Target Company; c) ‘BSE’ means abbreviation for BSE Limited being the stock exchange on which the Equity Shares of the Target Company are listed; d) ‘CSE’ means abbreviation for The Calcutta Stock Exchange Limited being the stock exchange on which the Equity Shares of the Target Company are listed; e) ‘CIN’ is the abbreviation for the term Corporate Identification Number issued under the provisions of the Companies Act, 1956/ 2013, and the rules made thereunder; f) 'Deemed PACs' means deemed person acting in concert as defined under Regulation 2(1)(q)(1) of the SEBI (SAST) Regulations. For the purpose of this Offer, no person is acting in concert with the Acquirer. While, in terms of Regulation 2(1)(q)(2)(v) of the SEBI (SAST) Regulations, Mr. Umesh Hansrajani (son of Acquirer) who is an immediate relative to Acquirer and is a public shareholder of the Target Company, is a Deemed PAC. However, such Deemed PAC is not acting in concert with the Acquirer for the purposes of this Offer, within the meaning of Regulation 2(1)(q)(1) of the SEBI (SAST) Regulation.; Page 1 of 8 g) ‘Equity Shares’ means 48,34,800 (Forty-Eight Lakh Thirty-Four Thousand Eight Hundred) fully paid-up Equity Shares of the Target Company of face value of ₹10.00 (Rupees Ten Only); h) ‘Existing Promoters’ shall mean all the Existing Promoter/Promoter group of the Target Company namely, Mr. Rajendra Kumar Poddar, Ms. Seema Gupta, Ms. Amita Poddar, Ms. Sarita Gupta, Mr. Akhilesh Poddar, Rajesh V Gupta (HUF) and Mayur Global Private Limited who have been classified and disclosed as Promoter/Promoter Group in the shareholding pattern filed by the Target Company with the BSE for the quarter ended June 30, 2026 under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, immediately prior to the date of this Public Announcement, and who are identified as Promoter/Promoter Group in accordance with Regulation 2(1)(s) of the Securities and Exchange Board Of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; i) ‘Frequently Traded Shares’ means Shares of the Target Company in which the traded turnover on any Stock Exchange during the twelve calendar months preceding the calendar month in which the Public Announcement is required to be made under the SEBI (SAST) Regulations is at least ten per cent of the total number of shares of such class of the Target Company, as defined under Regulation 2(1)(j) of the SEBI (SAST) Regulations. The Equity Shares of the Target Company are frequently traded on BSE within the meaning of Regulation 2(1)(j) of the SEBI (SAST) Regulations; j) ‘Identified Date’ means the date falling on the 10th Working Day prior to the commencement of the Tendering Period for the Offer, for the purposes of determining the Public Shareholders to whom the Letter of Offer shall be sent. It is clarified that all the Public Shareholders (registered or unregistered) who own Equity Shares are eligible to participate in this Offer at any time before expiry of the Tendering Period; k) ‘PAN’ is the abbreviation for Permanent Account Number allotted under the Income Tax Act, 1961; l) ‘Public Announcement’ means this Public Announcement dated Tuesday, September 15, 2026 issued in accordance and compliance with the provisions of Regulations 3(1), and 4 read with Regulations 13(1), 14, and 15(1) of the SEBI (SAST) Regulations; m) ‘Public Shareholders’ shall mean all the Equity Shareholders of the Target Company who are eligible to tender their Equity Shares in the Open Offer, excluding the Acquirer, Deemed PAC, the Existing Promoters of the Target Company and the parties to the Share Purchase Agreement pursuant to and in compliance with the provisions of Regulation 7(6) of the SEBI (SAST) Regulations.; n) ‘Promoter Sellers/Sellers/Selling Shareholders’ shall mean Promoter Sellers, namely Ms. Seema Gupta (‘Seller 1’), Ms. Sarita Gupta (‘Seller 2’), Mr. Akhilesh Poddar (‘Seller 3’), Rajesh V Gupta (HUF) (‘Seller 4’) and Mayur Global Private Limited (‘Seller 5’); o) ‘SEBI’ means the Securities and Exchange Board of India; p) ‘Sale Shares’ shall mean 12,81,257 (Twelve Lakh Eighty-One Thousand Two Hundred Fifty-Seven) fully paid-up Equity Shares of the Target Company agreed to be sold by Promoter Sellers to the Acquirer; q) ‘Share Purchase Agreement’ or ‘SPA’ or ‘Underlying Transaction’ refers to the share purchase agreement dated Tuesday, September 15, 2026 executed between the Acquirer and the Selling Shareholders, pursuant to which the Acquirer has agreed to acquire 12,81,257 (Twelve Lakh Eighty-One Thousand Two Hundred Fifty Seven) Equity Shares of ₹ 10/- each, representing 26.50% (Twenty Six Point Five Zero Percent) of the Equity and Voting Share Capital of the Target Company from the Selling Page 2 of 8 Shareholders at a price of ₹ 15.00 (Rupees Fifteen Only) per Equity Share, aggregating to an amount of ₹ 1,92,18,855 (Rupees One Crore Ninety Two Lakh Eighteen Thousand Eight Hundred Fifty Five Only); r) ‘SEBI (LODR) Regulations, 2015/ SEBI (LODR) Regulations’ means Securities and Exchange Board of India (Listing and Obligation and Disclosure Requirements), 2015 and subsequent amendments thereto; s) ‘SEBI (SAST) Regulations, 2011/ SEBI (SAST) Regulations’ means the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto; t) ‘Stock Exchange/Stock Exchanges’ means BSE and CSE; u) ‘Tendering Period’ has the same meaning ascribed to it under under Regulation 2(1)(za) of the SEBI (SAST) Regulations 2011; v) ‘Voting Share Capital’ means the total Equity and Voting Share Capital of the Target Company as of the 10th (Tenth) Working Day from the Closure of the Tendering Period of the Offer; w) ‘Working Day’ means any working day of the Securities and Exchange Board of India (Mumbai); 1. Offer Details 1.1. Offer Size: Up to 12,57,048 (Twelve [Showing first 8,000 characters — download PDF for full document]