Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Niks Technology Ltd ("Target Company").

AA 4 Navigant NAVIGANT CORPORATE ADVISORS LIMITED Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road, Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078 Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304) Date: 23.09.2026 The Manager Dept. of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai - 400 001 Sub: Submission of Draft Letter of Offer - Niks Technology Limited (BSE Code: 543282) Dear Sir / Madam, With reference to the captioned Offer, we wish to inform you that the Draft Letter of Offer is being submitted to SEBI, Mumbai. We are enclosing herewith a copy of the said Draft Letter of Offer for your kind perusal. A copy of the same is also being submitted to Target Company. Thanks & Regards, For Navigant Corporate Advisors Limited Sarthak Vijlani Managing Director DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is sent to you as a Shareholder(s) of NIKS TECHNOLOGY LIMITED. If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or Manager or Registrar to the Offer. In case you have recently sold your Shares in the Company, please hand over this 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 ("OFFER") Pursuant to Regulations 3(1) and 4 and applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and amendments thereto. TO THE SHAREHOLDERS OF NIKS TECHNOLOGY LIMITED (Hereinafter referred as “NTL” or “the Target Company” or “TC” or “the Company”) having the Registered Office at Flat No. 501, Shiv Laxmi Plaza, Opp Rajendra Nagar Terminal, Old Bypass Main Road, Kankarbagh, Patna- 800020, Bihar, India; Phone No.: +91-9955111150 / 7677111150; Email id: info@nikstech.com; Website: www.nikstech.com Mr. Nilesh Jayantilal Patel S/o Mr. Jayantilal Bhagwanbhai Patel, 41 years old Resident Indian currently residing at F-402, Abhilash Sky, Gopal Chowk, Nava Naroda, Opp. Suncity Bungalows, Ahmedabad, Gujarat –382345, Tel. No. +91-9998001234, Email: nilesh@devsatya.in; (hereinafter referred to as “the Acquirer-1”), Mr. Vishal Jayantibhai Patel, S/o Mr. Jayantibhai Bhagwanbhai Patel, 35 years old, Resident Indian currently residing at Mota Ankevaliya, Surendra Nagar Gujarat - 363040. Tel. No. +91- 9638734008; Email: vishal@devsatya.in (hereinafter referred to as “the Acquirer-2”) and Mr. Bharatkumar Pravinchandra Keshrani, S/o Mr. Pravinchandra Keshrani, 43 years old, Resident Indian currently residing at B-603, Kesar Harmony, Behind, Vishala Supreme, Nr. Surya Kiran Bungalows, New Nikol, Ahmedabad-382350. Tel. No. +91- 9986678111; Email: bharat@devsatya.in (hereinafter referred to as “the Acquirer-3”). (Acquirer-1, Acquirer-2 and Acquirer-3 being collectively referred to as “Acquirers) TO ACQUIRE Up to 23,16,964 Equity shares of Rs. 10/- each representing 26.00% of the Expanded equity and voting share capital on fully diluted basis of the Target Company on a fully diluted basis at a price of Rs. 136/- (Rupees One Hundred Thirty-Six only) per share. Please Note 1. This Offer is being made pursuant to the Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011 and subsequent amendments thereof for substantial acquisition of shares / voting rights accompanied with change in control. 2. This Offer is not conditional upon any minimum level of acceptance by the shareholders of the Target Company in terms of Regulation 19(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 3. As on date of this Draft Letter of Offer, no statutory approvals are required in relation to this Offer except as detailed in para 8.7.1. of this Draft Letter of Offer. 4. This offer is not a competing offer. 5. There has been no competing offer or revision of Offer Price as on date of this Draft Letter of Offer. 6. Shareholders who have tendered shares in acceptance of the Open Offer by tendering the requisite documents, in terms of the Public Announcement/Detailed Public Statement/Letter of Offer, shall not be entitled to withdraw such acceptance during the tendering period. 7. The Procedure for acceptance is set out in Para 9 of this DLOF. A Form of Acceptance is enclosed with this DLOF. 8. If there is any upward revision in the Offer Price by the Acquirers at any time prior to commencement of the last one working day before the commencement of the tendering period viz. [.] you will be informed by way of another Announcement in the same newspapers in which the Detailed Public Statement pursuant to Public Announcement was published. The Acquirers shall pay such revised price for all shares validly tendered any time during the Offer and accepted under the Offer. 9. Minimum lot size for the offer is 300 equity shares. 10. A copy of the Public Announcement, detailed Public Statement and the Draft Letter of Offer (including Form of Acceptance-cum-Acknowledgement) would also be available on SEBI’s Website: www.sebi.gov.in. 11. All correspondence relating to this offer, if any, should be addressed to the Manager to Offer or Registrar to the Offer at the address mentioned below: MANAGER TO THE OFFER REGISTRAR TO THE OFFER NAVIGANT CORPORATE ADVISORS LIMITED BIGSHARE SERVICES PRIVATE LIMITED 804, Meadows, Sahar Plaza Complex, J B Nagar, Andheri Office No S6-2, 6th Floor Pinnacle Business Park, Kurla Road, Andheri East, Mumbai-400 059 Next to Ahura Centre, Mahakali Caves Road, Tel No. +91-22-4120 4837 / 4973 5078 Andheri (East) Mumbai - 400093, India. Email Id- navigant@navigantcorp.com Tel No.: +91-22-62638200 Investor Grievance Email: info@navigantcorp.com E-mail Id: openoffer@bigshareonline.com Website: www.navigantcorp.com Investor Grievance Email: openoffer@bigshareonline.com SEBI Registration Number: INM000012243 Website: www.bigshareonline.com Contact Person: Mr. Sarthak Vijlani SEBI Registration No: INR000001385 Contact Person: Maruti Eate OFFER OPENS ON: TUESDAY, 03RD NOVEMBER, 2026 OFFER CLOSES ON: TUESDAY, 17TH NOVEMBER, 2026 SCHEDULE OF THE MAJOR ACTIVITIES OF THE OFFER Activity Date Day Public Announcement 08.09.2026 Tuesday Publication of Detailed Public Statement in newspapers 16.09.2026 Wednesday Submission of Detailed Public Statement to BSE, Target Company & SEBI 16.09.2026 Wednesday Last date of filing draft letter of offer with SEBI 23.09.2026 Wednesday Last date for a Competing offer 08.10.2026 Thursday Receipt of comments from SEBI on draft letter of offer 15.10.2026 Thursday Identified date* 19.10.2026 Monday Date by which letter of offer be dispatched to the shareholders 27.10.2026 Tuesday Last date for revising the Offer Price 30.10.2026 Friday Comments from Committee of Independent Directors of Target Company 30.10.2026 Friday Advertisement of Schedule of activities for open offer, status of 02.11.2026 Monday statutory and other approvals in newspapers and sending to SEBI, Stock Exchange and Target Company Date of Opening of the Offer 03.11.2026 Tuesday Date of Closure of the Offer 17.11.2026 Tuesday Post Offer Advertisement 25.11.2026 Wednesday Payment of consideration for the acquired shares 02.12.2026 Wednesday Final report from Merchant Banker 09.12.2026 Wednesday *Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom the Letter of Offer would be sent. All owners (registered or unregistered) of equity shares of the Target Company (except the Acquirers, Selling Company, Promoter and Promoter Group of Target Company) are eligible to participate in the Offer any time before the closure of the Offer. RISK FACTORS A. RELATING TO THE OFFER The risk factors set forth below pertain to the Offer and are not in relation to the present or future busin [Showing first 8,000 characters — download PDF for full document]