Navigant Corporate Advisors Limited ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Tusaldah 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: 12.10.2026 The Manager Dept. of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai - 400 001 Sub: Submission of Draft Letter of Offer - Tusaldah Limited (formerly known as High Street Filatex Limited) (BSE Code: 531301 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 TUSALDAH LIMITED (FORMERLY KNOWN AS HIGH STREET FILATEX 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 3(2) and applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and amendments thereto. TO THE SHAREHOLDERS OF Tusaldah Limited (formerly known as High Street Filatex Limited) (Hereinafter referred as “Tusaldah” or “the Target Company” or “TC” or “the Company”) (Corporate Identification No. L10790MH1994PLC474454) Registered Office: 511, 5th Floor, Corporate Avenue, Wing A, Sonawala Lane, Goregaon East, Mumbai-400063, Maharashtra; Phone No.: 022- 46652977; Email id: info@tusaldah.ltd; Website: www.tusaldah.ltd Mr. Sandeep Agrawal S/o Mr. Jagdishprasad Agrawal, a 58 years old Non-Resident Indian having permanent address at 1217, TS2 Van House, TIN TS2Estate, TIN TSU Waint Hong Kong and currently residing at Plot No. AH-1, Cams Industrial East, 2nd Floor, Walbhat Road, Goregaon East, Mumbai – 400063; Tel. No. +852-64759690; Email: sandeep@swals.com (hereinafter referred to as “the Acquirer-1”) and Mrs. Anupriya Sandeep Agrawal W/o Mr. Sandeep Agrawal, a 40 years old Resident Indian currently residing at Plot No. AH-1, Cams Industrial East, 2nd Floor, Walbhat Road, Near Kusum Masala, Goregaon East, Mumbai – 400063, Tel. No. +91-9137603089, Email: kumari.anupriya1484@gmail.com (hereinafter referred to as “the Acquirer-2”) (Acquirer-1 and Acquirer-2 being collectively referred to as “Acquirers) TO ACQUIRE Up to 37,83,000 Equity shares of Rs. 10/- each representing 26.00% of the Expanded equity and voting share capital of the Target Company at a price of Rs. 20/- (Rupees Twenty only) per share. Please Note 1. This Offer is being made pursuant to the Regulation 3(1) and Regulation 3(2) of the SEBI (SAST) Regulations, 2011 and subsequent amendments thereof for substantial acquisition of shares / voting rights. 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. The minimum number of Equity Shares that may be tendered by a Public Shareholder is one Equity Share. 10. A copy of the Public Announcement, detailed Public Statement and the Draft Letter of Offer (including Form of Acceptance-cum-Acknowledgement) would also 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 BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED 804, Meadows, Sahar Plaza Complex, J B Nagar, Beetal House, 3rd Floor, 99 Madangir, Andheri Kurla Road, Andheri East, Mumbai-400 059 Behind LSC, New Delhi – 110062 Tel No. +91-22-4120 4837 / 4973 5078 Tel No.: +91-11-29961281 / 26051061 / 26051064 Email Id- navigant@navigantcorp.com E-mail Id: beetal@beetalfinancial.com Investor Grievance Email: info@navigantcorp.com Investor Grievance Email: beetalrta@gmail.com Website: www.navigantcorp.com Website: www.beetalfinancial.com SEBI Registration Number: INM000012243 SEBI Registration No: INR000000262 Contact Person: Mr. Sarthak Vijlani Contact Person: Mr. Punit Kumar Mittal OFFER OPENS ON: FRIDAY, 20TH NOVEMBER, 2026 OFFER CLOSES ON: FRIDAY, 04TH DECEMBER, 2026 SCHEDULE OF THE MAJOR ACTIVITIES OF THE OFFER Activity Date Day Public Announcement 25.09.2026 Friday Publication of Detailed Public Statement in newspapers 05.10.2026 Monday Submission of Detailed Public Statement to BSE, Target Company & SEBI 05.10.2026 Monday Last date of filing draft letter of offer with SEBI 12.10.2026 Monday Last date for a Competing offer 27.10.2026 Tuesday Receipt of comments from SEBI on draft letter of offer 03.11.2026 Tuesday Identified date* 05.11.2026 Thursday Date by which letter of offer be dispatched to the shareholders 13.11.2026 Friday Last date for revising the Offer Price 18.11.2026 Wednesday Comments from Committee of Independent Directors of Target Company 18.11.2026 Wednesday Advertisement of Schedule of activities for open offer, status of 19.11.2026 Thursday statutory and other approvals in newspapers and sending to SEBI, Stock Exchange and Target Company Date of Opening of the Offer 20.11.2026 Friday Date of Closure of the Offer 04.12.2026 Friday Post Offer Advertisement 11.12.2026 Friday Payment of consideration for the acquired shares 18.12.2026 Friday Final report from Merchant Banker 28.12.2026 Monday *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 / Promoters of Target Company and Selling 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 business operations of the Target Company or other related matters, and are neither exhaustive nor intended to constitute a complete analysis of the risks involved in participati [Showing first 8,000 characters — download PDF for full document]