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THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer (‘Letter of Offer’ / ‘LOF’) is sent to you as a Public Shareholder of Hitech Corporation Limited as on the specified date (defined below) in accordance with the SEBI Delisting Regulations (defined below). In case you have recently sold your Equity Shares (defined below) in the Company, please hand over this LOF and the accompanying documents to the Member of the Stock Exchange through whom the said sale was effected. LETTER OF OFFER To the Public Shareholders for Voluntary Delisting of Equity Shares of Hitech Corporation Limited Corporate Identification Number: L28992MH1991PLC168235 Registered Office Address: Unit No. 201, 2nd Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (W), Mumbai, Maharashtra, 400013 Contact: 022 4001 6500; Email: secretarial@hitechgroup.com Website: www.hitechcorporation.co Company Secretary & Compliance Officer: Hetali Mehta FROM Name of the Acquirer Address Email Address Unit No. 204, 2nd Floor, Welspun Geetanjali Trading and Investments Private House, Kamala City S B Marg, Lower Limited (“Acquirer”) who along with the Parel, West, Mumbai City, Mumbai, promoters and other members of the promoter Maharashtra, India, 400013 sec@geetanjaligroup.in group of the Company are “Acquirers” as defined under Securities Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 The Acquirer is making this Delisting Offer to the Public Shareholders of the Company pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2021 (“SEBI Delisting Regulations”) and is inviting you to tender your Offer Shares (defined below), through the reverse book- building process in accordance with the SEBI Delisting Regulations. INDICATIVE PRICE: Rs. 353 PER EQUITY SHARE FLOOR PRICE: Rs.252/- PER EQUITY SHARE BID OPENING DATE: October 07, 2026 BID CLOSING DATE: October 13, 2026 PLEASE NOTE: 1. If you wish to tender your equity shares pursuant to this LOF to the Acquirer, you should carefully read this LOF and the instructions herein. 2. The Delisting Offer will be implemented by the Acquirer as per Reverse Book Building process through the Stock Exchange mechanism, as provided under the SEBI Delisting Regulations and SEBI circulars bearing reference numbers ‘CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015’ ‘CFD/DCR2/CIR/P/2016/131 dated December 09, 2016’ and SEBI/HO/CFD/DCR-III/CIR/P/2021/615 dated August 13, 2021 issued by SEBI. For details on methodology on Stock Exchange mechanism please refer Paragraphs 16 and 17 of this LOF. 3. For the implementation of the Delisting Offer, the Acquirer have already deposited the required pay-in amount in the Escrow Account detailed in Paragraph 19 of this LOF. On success of the offer, funds pay in will be made from the Escrow account through the SEBI registered buying Broker i.e_Nirmal Bang Securities Private Limited appointed by the Acquirer in accordance with applicable law. 4. Physical Shareholders, please complete and sign the accompanying Bid Form (enclosed at the end of this document) in accordance with instructions therein and in this LOF. 5. Detailed procedures for the submission and settlement of Bids are set out in Paragraph 17 of this LOF. MANAGER TO THE OFFER REGISTRAR TO THE OFFER MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) Kreo Capital Private Limited CIN: U67190MH1999PTC118368 Address: 2nd Floor, VCA Complex, Near Gate No. 08, Civil Lines, Address: C-101, 1st Floor, Embassy 247, Sadar Bazar, Nagpur – 440001 Lal Bahadur Shastri Marg, Vikhroli Telephone: 0712-2997550/ 0712-2997551 (West), Mumbai-400083 E-mail Id: publicissue@kreocapital.com Website: www.in.mpms.mufg.com Investor Grievance Id: compliance@kreocapital.com Email ID: hitechcorporation.delisting@in.mpms.mufg.com Website: www.kreocapital.com Contact Person: Shanti Gopalkrishnan Contact Person: Mr. Ayush Parakh / Mr. Kushal Agrawal SEBI Registration No: INR000004058 SEBI Registration No: INM000012689 Validity: Permanent CIN: U65999MH2018PTC307425 Dear Public Shareholder(s), Invitation to tender Equity Shares held by you in the Company The Acquirer is pleased to invite you to tender your Equity Shares, on the terms and subject to the conditions set out in the Delisting Regulations and this LOF, the Equity Shares held by you in the Company pursuant to the Delisting Offer made in accordance with relevant provisions of the SEBI Delisting Regulations. SCHEDULE OF ACTIVITIES For the process of the Delisting Offer, the schedule of activity is as below: Activity Date Day Initial Public Announcement May 25, 2026 Monday Resolution for approval of the Delisting Offer passed by the Board of June 9, 2026 Tuesday Directors of the Company Resolution for approval of the Delisting Offer passed by the shareholders July 10, 2026 Friday of the Company Date of receipt of BSE and NSE in-principle approvals September 25, 2026 Friday Specified Date for determining the names of shareholders to whom the September 28, 2026 Monday Letter of Offer shall be sent@ Date of publication of the DPA September 28, 2026 Monday Last date for dispatch of Letter of Offer/ Bid Forms to Public Shareholders September 30, 2026 Wednesday as of Specified Date* Last date of publication of Recommendation by Independent Directors of October 01, 2026 Thursday the Company* Bid Opening Date (bid starts at market hours) October 07, 2026 Wednesday Last Date for upward revision or withdrawal of bids* October 12, 2026 Monday Bid Closing Date (bid closes at market hours) October 13, 2026 Tuesday Last date for announcement of Counter-Offer* October 15, 2026 Thursday Last date for announcement of Discovered Price/ Exit Price and the October 15, 2026 Wednesday Acquirers’ acceptance/ nonacceptance of Discovered Price/ Exit Price* Proposed date for payment of consideration to Public Shareholders if Discovered Price is equal to or less than the Indicative Price October 15, 2026 Thursday Proposed date for payment of consideration to Public Shareholders if Discovered Price is higher than the Indicative Price** October 23, 2026 Friday Proposed date for return of Equity Shares to Public Shareholders if the minimum number of shares as provided under clause (a) of Regulation 21 October 13, 2026 Tuesday of the Delisting Regulations are not tendered or offered Proposed date for return of Equity Shares to Public Shareholders if the Discovered Price is not accepted by the Acquirer October 15, 2026 Thursday @The Specified Date is only for the purpose of determining the names of the Public Shareholders to whom the Letter of Offer will be sent. However, all Public Shareholders, who are eligible to participate in the Delisting Offer, can submit their Bids in Acquisition Window Facility or OTB through their respective Seller Member during the Bid Period. Changes to the proposed timeline, if any, will be notified to Public Shareholders by way of a public announcement in the same newspapers where the DPA was published. *This is an indicative date and the announcement may be made on or before this date. **Subject to the acceptance of the Discovered Price or offer of an Exit Price higher than the Discovered Price by the Acquirer. Note: All the dates are subject to change and are dependent on obtaining the requisite statutory and regulatory approval as may be applicable. In the event there is any change in the proposed timetable, it will be announced by way of corrigendum to the DPA and in the same newspapers in which the DPA appears. RISK FACTORS The risk factors set forth below do not relate to the present or future business operations of the Company or any other matters and are neither exhaustive nor intended to constitute a complete or comprehensive analysis of the risks involved in or associated with the participation by any Public Shareholder in the Delisting Offer. Each Public Shareholder of the Company is hereby advised to consult with legal, financial, tax, [Showing first 8,000 characters — download PDF for full document]