Bonanza Portfolio Limited ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Mayur Leather Products Ltd ("Target Company").

DRAFT LETTER OF OFFER “THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION” This Draft Letter of Offer is sent to you as a Public Shareholder(s) of Mayur Leather Products Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or an investment consultant or Manager/ Registrar to the Offer. In case you have recently sold your Equity 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 Exchanges through whom the said sale was effected. OPEN OFFER Contact Name Acquirer Address Email Address Details C/O Mala, Plot No 70, Kiran Vihar Opp Sent Mr.Ghanshyam +91 Acquirer Angels School, Manyawas, Mansarovar, Jaipur – ghanshyam.hansrajani@gmail.com Hansrajani 9950942966 302020, Rajasthan, India. . FOR THE ATTENTION OF THE SHAREHOLDERS OF MAYUR LEATHER PRODUCTS LIMITED Corporate Identification Number: L19129RJ1987PLC003889; Registered Office: G-6, Ground Floor, S-25, Central Spine, Balaji Majestic Heights, Jagatpura, Jaipur - 302025, Rajasthan, India. Tel No.: +917014261290; Website: www.mayurgroups.com; Email: Mayura220488@gmail.com for acquisition of up to 12,57,048 (Twelve Lakh Fifty Seven Thousand Forty Eight) fully paid up Equity Shares having 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’) from the Public Shareholders (as defined below) of the Target Company, at an offer price of ₹27.92 (Rupees Twenty Seven and Ninety Two Paise Only) per Equity Share, by Mr. Ghanshyam Hansrajani (‘Acquirer’) payable in cash pursuant to and in compliance with the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 (SEBI (SAST) Regulations, 2011) as amended. Please Note: 1. This Offer (as defined below) is being made by the Acquirer pursuant to the SPA (as defined below) and in compliance with Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011 for substantial acquisition of Equity and Voting Share Capital accompanied with change in control and management of the Target Company. 2. As on the date of this Draft Letter of Offer, there are no statutory approval(s) required to acquire Equity Shares that are validly tendered pursuant to this Offer. However, the Offer would be subject to all statutory approval(s) as may be required and/or may subsequently become necessary to acquire at any later date. 3. There is no differential pricing in this Offer. 4. If there is any upward revision in the Offer Price and/ or the Offer Size at any time up to 1 (One) Working Day prior to commencement of the Tendering Period i.e., Friday, November 06, 2026, in terms of 18(5) of the SEBI (SAST) Regulations, 2011, the same would also be informed by way of a Public announcement in the same newspapers where the original Detailed Public Statement had appeared. If the Offer is withdrawn pursuant to Regulation 23 of the SEBI (SAST) Regulations, the same would be communicated within 2 (Two) Working Days by an announcement in the same newspapers in which the Detailed Public Statement had appeared. Such revised Offer Price shall be payable by the Acquirer for all the Offer Shares validly tendered during the Tendering Period of this Offer. 5. The Acquirer shall not withdraw the Open Offer except in accordance with Regulation 23(1) of the SEBI (SAST) Regulations, 2011. The Open Offer may, inter alia, be withdrawn in circumstances specified under Regulation 23(1)(a) and 23(1)(c), including where the statutory approvals required for the Open Offer or the underlying acquisition are refused, or where any condition stipulated in the Share Purchase Agreement is not fulfilled for reasons beyond the reasonable control of the Acquirer and the Share Purchase Agreement is rescinded, subject to the conditions specified under the SEBI (SAST) Regulations, 2011. In the event of such withdrawal, a public announcement stating the reasons for withdrawal shall be made within 2 (Two) Working Days in accordance with Regulation 23(2) of the SEBI (SAST) Regulations, 2011 6. There has been no competing offer as on the date of this Draft Letter of Offer. If there is a competitive offer, then the Offer under all subsisting bids shall open and close on the same date. 7. This Offer is not subject to a minimum level of acceptance by the Public Shareholders of the Target Company and is not a conditional offer under Regulation 19 of the SEBI (SAST) Regulations, 2011. 8. Public Shareholders, who have accepted this Offer by tendering the requisite documents in terms of the Offer Documents, shall not be entitled to withdraw such acceptance during the Tendering Period. 9. The procedure for acceptance is set out in Paragraph 8 titled as ‘Procedure for Acceptance and Settlement of the Offer’ on Page 41 of this Draft Letter of Offer. 10. A copy of Public Announcement (“PA”), Detailed Public Statement (“DPS”), Draft Letter of Offer (“DLOO”) and Letter of Offer (“LOO”) (including Form of Acceptance cum Acknowledgement) is also available on the website of SEBI at www.sebi.gov.in., BSE at www.bseindia.com, and Manager at www.bonanzaonline.com. 11. The marketable lot for the Equity Shares for the purpose of this Open Offer shall be 1. Public Shareholders can participate in the Open Offer by offering their shareholding in whole or in part. For capitalized terms, refer to the Paragraph titled ‘Definitions and Abbreviations’ beginning on page 12 of this Draft Letter of Offer REGISTRAR TO THE OFFER MANAGER TO THE OFFER PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED BONANZA PORTFOLIO LIMITED CIN: U67120MH1993PTC074079 CIN: U66190DL1993PLC052280 Address: Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, Address: Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat J. R. Boricha Marg, Lower Parel (East), Mumbai – 400011 Road, Behind The Hub, Goregaon (East), Mumbai - 400 063 Tel No: +91 022 49614132 Contact Person: Ms. Swati Agrawal/ Mr. Abhay Bansal Email: support@purvashare.com Tel No.: +91 22 68363773/ 91 11 40748709 Website: www.purvashare.com Email: swati.agrawal@bonanzaonline.com; Contact Person: Ms. Deepali Gaonkar abhay.bansal@bonanzaonline.com SEBI Registration Number: INR000001112 Website: www.bonanzaonline.com Validity: Permanent SEBI Registration No.: INM000012306 Validity: Permanent OFFER OPENING DATE OFFER CLOSING DATE MONDAY, NOVEMBER 09, 2026 MONDAY, NOVEMBER 23, 2026 Page 2 of 56 TENTATIVE SCHEDULE OF THE MAJOR ACTIVITIES RELATING TO THIS OFFER Sr. No Tentative Schedule of Activities Day and Date 1. Date of the Public Announcement Tuesday, September 15, 2026 2. Date of publication of the Detailed Public Statement Tuesday, September 22, 2026 3. Last date of filing of the Draft Letter of Offer with SEBI Tuesday, September 29, 2026 4. Last date for public announcement for a Competing Offer # Wednesday, October 14, 2026 Last date by which SEBI’s observations on the Draft Letter of Offer 5. will be received (in the event SEBI has not sought clarification or Thursday, October 22, 2026 additional information from the Manager) 6. Identified Date* Monday, October 26, 2026 7. Last date for dispatch of the Letter of Offer to the Public Shareholders Monday, November 02, 2026 Last date for publication of the recommendations of the committee of 8. the independent directors of the Target Company to the Public Thursday, November 05, 2026 Shareholders for this Offer in the Newspapers 9. Last date for upward revision of the Offer Price and / or the Offer Size Friday, November 06, 2026 Last Date of publication of opening of Offer Public Announcement in 10. the newspapers in which the Detailed Public Statement had been Friday, November 06, 2026 published 11. Date of commencement of Tendering Period (Offer Op [Showing first 8,000 characters — download PDF for full document]