Receipt of Public Announcement in relation to open offer

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: 08.09.2026 Board of Directors Niks Technology Limited Flat No. 501, Shiv Laxmi Plaza, Opp Rajendra Nagar Terminal, 0ld Bypass Main Road, Kankarbagh, Patna- 800020, Bihar, India. Sub: Public Announcement to the shareholders of Niks Technology Limited Dear Sir, We are pleased to inform that we have been appointed as ‘Manager to the Offer’ by Nilesh Jayantilal Patel (Acquirer-1) Vishal Jayantilal Patel (Acquirer-2) and Bharatkumar Pravinchandra Keshrani (Acquirer- 3) (Acquirer-1, Acquirer-3 and Acquirer-3 hereinafter collectively referred to as the "Acquirers”) for acquiring up to 23,16,964 equity shares of Rs. 10/- each of Niks Technology Limited (‘Target Company’) representing 26.00% of the Expanded Equity and Voting Share Capital of the Target Company at a price of Rs. 136/- per Share fully paid-up Equity Share (‘Offer Price’), through Open Offer under Regulation 3(1), 4 read with Regulation 15(1) and 13(2)(g) of SEBI (SAST) Regulations, 2011 (‘the Regulations’) requiring the Public Announcement (‘PA’) in terms of Regulation 13 (1) of the said Regulations. This Open offer is triggered pursuant to the approval of Board of Directors of Target Company to issue Equity Shares and convertible warrants to the Acquirers and also pursuant to execution of the Share Purchase Agreement dated September 08, 2026 ("the SPA") entered in to between Acquirers with existing promoter and promoter group of Target Company. Accordingly, we have prepared the PA. We are hereby requesting you to please upload the enclosed PA on your website in accordance with Regulation 14(1) of the Regulations. Thanks & Regards, For Navigant Corporate Advisors Limited Sarthak Vijlani Managing Director PUBLIC ANNOUNCEMENT UNDER REGULATION 3(1), REGULATION 4 READ WITH REGULATIONS 13(1), 13(2)(G), 14 AND 15(1) OF THE SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS OF NIKS TECHNOLOGY LIMITED (“NTL"/ “TARGET COMPANY"/ “TC") (Corparate Identification No. L80904BR2014PLC022439) Registered Office: Flat No. 501, Shiv Laxmi Plaza, Opp Rajendra Nagar Terminal, Old Bypass Main Road, karba h OPEN OFFER FOR ACQUISITION OF 23,16,964 (TWENTY-THREE LAKHS SIXTEEN THOUSAND NINE HUNDRED SIXTY-FOUR) FULLY PAID- UP EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") CONSTITUTING 26.00% OF THE EXPANDED EQUITY SHARE CAPITAL ON FULLY DILUTED BASIS (*AS DEFINED BELOW) OF NTL, ON A FULLY DILUTED BASIS, FROM THE PUBLIC SHAREHOLDERS OF NTL BY NILESH JAYANTILAL PATEL (ACQUIRER-1), VISHAL JAYANTILAL PATEL (ACQUIRER-2) BHARATKUMAR PRAVINCHANDRA KESHRANI (ACQUIRER-3) (ACQUIRER-1, ACQUIRER-2 AND ACQUIRER-3 HEREINAFTER COLLECTIVELY REFERRED TO AS THE "ACQUIRERS") (PURSUANT TO AND IN ACCORDANCE WITH REGULATION 3(1) AND REGULATION 4 READ WITH OTHER APPLICABLE PROVISIONS OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED ("SEBI (SAST) REGULATIONS") This Public Announcement ("Public Announcement” or “PA") is being issued by Navigant Corporate Advisors Limited (the "Manager to the Offer") for and on behalf of the Acquirers to the Public Shareholders of the Target Company pursuant to and in compliance with Regulations 3(1) and Regulation 4 read with other applicable provisions of the SEBI (SAST) Regulations. DEFINITIONS: “Equity Shares” means the fully paid -up equity shares of Target Company of face value of Rs. 10/- (Rupees Ten Only) each. “Existing Share & Voting Capital” means paid up share capital of the Target Company prior to Proposed preferential issue i.e., Rs. 50,00,000 divided into 5,00,000 Equity Shares of Rs. 10/- Each. “Emerging Equity & Voting Share Capital” means 70,73,600 fully paid -up equity shares of the face value of Rs. 10/- each of the Target Company being the capital post allotment of 65,73,600 equity shares to the Acquirers and other public category investors on preferential basis. “Expanded Equity Share Capital on a fully diluted basis” means 89,11,400 fully paid -up equity shares of the face value of Rs. 10/- each of the Target Company being the capital post allotment of 65,73,600 equity shares to the Acquirers and other public category investors on preferential basis and also inclusive of 18,37,800 warrants convertible into equity shares to Acquirers on preferential basis. “Offer” or “Open Offer” means the open offer for acquisition of up to 23,16,964 (Twenty-Three Lakhs Sixteen Thousand Nine Hundred Sixty-Four) Equity Shares, representing 26.00% of the Expanded Equity Share Capital of the Target Company on a fully diluted basis. "Offer Price” has the meaning described to such term under paragraph 1. "Offer Size" has the meaning described to such term under paragraph 1. TEL v “Proposed Preferential Issue” means the proposed preferential allotment as approved by Board of Directors of the Target Company at their Board Meeting held on Tuesday, 08" September, 2026 subject to approval of members and other regulatory approvals of 65,73,600 equity shares at an issue price of Rs. 136/- per equity share (Out of which 25,73,400 Equity Shares are proposed to be issued and allotted to the Acquirers as consideration for acquisition by the Target Company from the Acquirers of an aggregate of 29,80,000 equity shares of Dev Satya Infra Private Limited (“DSIPL” / "Selling Company") and 40,00,200 equity shares to public category investors at an issue price of Rs. 136 per equity share, and also 18,37,800 warrants convertible into equity shares to Acquirers (6,12,600 convertible warrants to Acquirer-1, 6,12,600 convertible warrants to Acquirer-2 and 6,12,600 convertible warrants to Acquirer-3) at an issue price of Rs. 136/- per convertible warrant. “Public Shareholders” means all shareholders of the Target Company, other than the Acquirers, the Sellers, the existing Promoter and Promoter Group and such other persons as may be excluded in accordance with the applicable provisions of the SEBI (SAST) Regulations. “Selling Company” means Dev Satya Infra Private Limited (“DSIPL") promoted by Acquirers, the shares of which are proposed to be acquired by the Target Company from the Acquirers pursuant to the Underlying Transaction. “SPA” or “Share Purchase Agreement” means the share purchase agreement dated 08" September, 2026 entered into between the Acquirers and the Sellers for acquisition of an aggregate of 2,31,100 Equity Shares of the Target Company from the Sellers. 1. OFFER DETAILS: * Offer Size: This Open Offer is being made by the Acquirers for acquisition of up to 23,16,964 (Twenty-Three Lakhs Sixteen Thousand Nine Hundred Sixty-Four) fully paid-up Equity Shares of face value of Rs. 10/- each, representing 26.00% of the Expanded Equity Share Capital of the Target Company on a fully diluted basis, subject to the terms and conditions set out in the Public Announcement, Detailed Public Statement and Letter of Offer and in accordance with the applicable provisions of the SEBI (SAST) Regulations. + Offer Price: An offer price of Rs. 136/- (Rupees One Hundred Thirty-Six Only) per fully paid-up Equity Share (“Offer Price”) shall be offered for the Equity Shares validly tendered during the tendering period of the Offer. The Offer Price has been determined in accordance with the applicable provisions of Regulation 8 of the SEBI (SAST) Regulations, including the provisions applicable to infrequently traded shares. Assuming full acceptance of the Offer, the total consideration payable by the Acquirers will be Rs. 31,51,07,104/- (Rupees Thirty-One Crores Fifty-One Lakhs Seven Thousand One Hundred Four Only). * Mode of Payment: The entire consideration will be paid in cash, i [Showing first 8,000 characters — download PDF for full document]