Turnaround Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Aar Shyam India Investment Company Ltd ("Target Company").

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer (“LOF”) is sent to you as a Public Shareholder(s) of Aar Shyam India Investment Company Limited (hereinafter referred to as “Target Company” or “Target” or “Aar Shyam”). If you require any clarifications about the action to be taken, you may consult your Stock Broker or Investment Consultant or Manager/Registrar to the Offer. In case you have recently sold your shares in the Target Company, please hand over this Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement and Transfer Deed to the Member of Stock Exchange through whom the said sale was effected. Open Offer By Mr. Radha Krishna Avudari (“Acquirer 1”) Mrs. Sudha Rani Avudari (“Acquirer 2”) Mr. Nagabhyru Srikanth (“Acquirer 3”) Address: F 21208, Indu Fortune Fields Address: F No. 21208, Indu Fortune Fields Address: Flat No 21208, Gardinea Apts, Ph 13, KHPB Colony, VTC: Gardinea Apts, Phase 13, KHPB Colony, Indu Fortune Fields Gardenia, 13th Phase, Near Kukatpally, PO: Jntu KukatPally, District: Medchal –Telangana, PIN Code: 500085 Hitech City Railway Station, KPHB Colony, Medchal – Malkajgiri, State: Telangana, PIN Kukatpally, Medchal-malkajgiri, Telangana, Code: 500085. Telephone: +91-8712034666 500085. Telephone: +91-8790122227 Telephone: +91-9866425270 (Acquirer 1, together with Acquirer 2 and Acquirer 3, shall hereinafter be collectively referred to as the “Acquirers” and individually as an “Acquirer”.) to the public shareholder(s) of AAR SHYAM INDIA INVESTMENT COMPANY LIMITED Registered Office: Space No. 920, Kirti Shikhar Building, District Centre, Janakpuri B-1, New Delhi, India, 110058, Corporate Office: Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi – 110078. Telephone No.: 011-45626909 (hereinafter referred to as the “Target"/ “Target Company”/ “Aar Shyam”) To acquire upto 58,43,327 (Fifty-Eight Lakh Forty-Three Thousand Three Hundred Twenty-Seven) representing 26% of the Emerging Paid-Up Equity Share Capital of the Target Company (“Offer Size”) (defined under the head “Definition”) of the Target Company at a price of Rs. 15.00/- (Rupees Fifteen only) (“Offer Price”) per Equity Share, payable in cash. Please Note: 1. This Offer is being made by the Acquirers pursuant to and in compliance 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 and subsequent amendments thereto (“SEBI (SAST) Regulations”). 2. This Open Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19 of SEBI (SAST) Regulations. 3. This Open Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. 4. There has been no competing offer as on the date of this Letter of Offer. 5. The Offer is subject to the receipt of statutory and other approval/s as mentioned in Paragraph 8.4 of this Letter of Offer. 6. If there is any upward revision in the Offer Price or the number of Shares sought to be acquired under the Open Offer by the Acquirers, the same shall be done at any time prior to the commencement of the last 1 (One) working day before the commencement of the Tendering Period i.e. upto Monday, October 19, 2026. Further, any upward revision on the Offer Price or Offer Shares would be informed by way of an Issue Opening Public Announcement in the same newspapers where the original Detailed Public Statement was made. Such revision in the Open Offer Price would be payable by the Acquirers for all the shares validly tendered anytime during the Tendering Period of the Open Offer. 7. Regulation 167(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 provides that equity shares allotted on a preferential basis to persons other than the promoters and promoter group shall be locked-in for a period of six months from the date of trading approval. Accordingly, shareholders are requested to note that Equity Shares held by persons other than the Promoters during the open offer period, which are subject to such lock-in, are not eligible to be tendered in the Open Offer in accordance with Regulation 167(2) of the SEBI ICDR Regulations and, if tendered, shall not be accepted in the Open Offer. 8. If the Offer is withdrawn pursuant to Regulation 23 of 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 was published. 9. A copy of the Public Announcement, Detailed Public Statement, Draft Letter of Offer and Letter of Offer (including Form of Acceptance cum Acknowledgment) will be available on SEBI’s website: www.sebi.gov.in MANAGER TO THE OFFER REGISTRAR TO THE OFFER Turnaround Corporate Advisors Private Limited Mas Services Limited Registered Office: 614, Vishwadeep Building, Plot No. 4, CIN: U74899DL1973PLC006950 District Centre, Janakpuri, New Delhi- 110058 T-34 2nd Floor, Okhla Industrial Area Phase II Corporate Office: First Floor, C-966, Shushant Lok-1, Sector New Delhi 110020 43, DLF QE, Gurgaon, Haryana, India-122002 Tel: 011-26387281-83 Fax: 011-26387384 Tel: +91-11-45510390; E-mail: info@tcagroup.in E-mail: investor@masserv.com Website: www.tcagroup.in Website: https://masserv.com Contact Person: Mr. Heemadri Mukerjea Contact Person: Mr. Sharwan Mangla SEBI Registration No.: MB/INM000012290 SEBI Registration No.: INR000000049 TENTATIVE SCHEDULE OF THE ACTIVITIES PERTAINING TO THE OFFER Nature of Activity Original Schedule Revised Schedule Day and Date Day and Date Date of the Public Announcement Friday, August 21, 2026 Friday, August 21, 2026 Last date of publication of the Detailed Public Monday, August 31, 2026 Monday, August 31, 2026 Statement Last date of filing of Draft Letter of Offer with Monday, September 07, 2026 Monday, September 07, 2026 SEBI Last date for a Competing Offer Tuesday, September 22, Tuesday, September 22, 2026 2026 Identified Date* Thursday, October 01, 2026 Monday, October 05, 2026 Last Date by which Letter of Offer will be Friday, October 09, 2026 Monday, October 12, 2026 dispatched to the Shareholders Last date by which an independent committee of Tuesday, October 13, 2026 Wednesday, October 14, 2026 the Board of Target Company shall give its recommendation Last Date for upward revision of the Offer Wednesday, October 14, Thursday, October 15, 2026 Price/Offer Size 2026 Advertisement of Schedule of Activities for Open Wednesday, October 14, Thursday, October 15, 2026 Offer, status of statutory and other approvals in 2026 newspaper Date of commencement of tendering period (Offer Friday, October 16, 2026 Monday, October 19, 2026 Opening Date) Date of expiry of tendering period (Offer Closing Friday, October 30, 2026 Monday, November 02, 2026 Date) Date by which all requirements including payment Monday, November 16, 2026 Tuesday, November 17, 2026 of consideration would be completed Submission of Final Report by Merchant Banker Monday, November 23, 2026 Wednesday, November 25, 2026 *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 PACs, Allottees of the Proposed Preferential Issue, SVR and the Outgoing Promoters) are eligible to participate in the Offer any time before the closure of the Offer. TABLE OF CONTENTS RISK FACTORS ....................................................................................................................................................................3 1. DEFINITIONS ...............................................................................................................................................................6 2. DISCLAIMER CLAUSE ................................ [Showing first 8,000 characters — download PDF for full document]