Intimation regarding receipt of Letter of offer from Indcap Advisors Pvt Ltd (Manager to offer) on behalf of Acquirers Mrs Nandini Modi and Mr Kirit Modi and PAC''s, to the public shareholders of the Company for acquisition of upto 48,75,000 shares of the Company

THE S0UTH INDIA PAPER MILLS LIMITED Regd. Office & Factory : Chikkayana Chatra, Nanjangud -571 302, Karnataka State, India Corporate & Marketing Office :#1205/ 1 206, Prestige Meridian II, M.G Road, Bangalore -560 001. Ref: Open offer/2026 14.10.2026 BSE Limited Phiroze Jeejeebhoy Towers DDalalS treet Mumbai - 400 001 Dear Sir / Madam, Scrip Code: 516108 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligationsa nd Disclosure Requirements) Regulations, 2015. This is to inform yout hat we have received a copy of Letter of Offer dated 13th October, 2026 in relation to the open offer to the Shareholders (as defined in the Letter of Offer) of The South India Paper Mills Limited ("Target Company") by Mrs Nandini Modi and Mr Kirit Modi (the “Acquirers") along with Persons acting in Concert (PAC's). The Acquirers are making an open offer to the Shareholders of the Target Company to acquire up to 48,75,000 (Forty Eight Lakh Seventy Five Thousand only) fully paid-up equity shares with a face value of Rs 10 (Indian Rupees Ten) each, tepresenting 26% of the Voting Share Capital (as defined in the Public Announcement) of the Target Company. Copy of the Letter of Offer received from Manager tot he open offer has been attached herewith for your reference. This is for your information and record. Thanking you, Yours faithfully For The South india Paper Mills Limited Vidya Digitallysigned byVidyaBhat Bhat Date:2026.10.14 16:32:48+05'30' Vidya Bhat Company Secretary & Compliance Officer Encl: As above SIPM CIN (Corporate ldentity No.) L8SI1OKA1959PLCO01352 I'FACTORY: PHONE : (91) (08221) 2282 65-67 CCORPORATE : PHONE : (91) (080) 41123605 E-mail : mmarketing @sipaper.com Grams : PAPERMILLS Website : www.sipaper. com Alndcap Advisors Kolkata Suite1201,12thFloor,AuroraWaterfront, GN34/1,Sector5,SaltLakeCity,Kolkata700091 T:+913340698001E:kolkata@indcap.in Enabling GrowthlCreating Value W:www.indcap.in Date: 13.10.2026 The SouthIndiaPaperMillsLimited Chikkayana Chakra,P.O.:Nanjangud, Nanjangud,Karnataka,India-571301 Sub: Open Offertoacquireupto48,75,000 equity sharesrepresenting26.00%ofthevotingsharecapitalofThe SouthIndia PaperMills Limited bythe Acquirers(as definedbelow) alongwith the PACS (as definedbelow) at anofferpriceof¥120/-perfullypaid-up share DearSir/Madam, We would like to inform you thatNandiniModi andKiritModi (collectivelythe "Acquilers"), alongwith(i) Sachs KiritModi; (ii) SwapnilKiritModi; (iii)RiddhiSachinModi: (iv)Bhuvi SwapnilModi:(v) RihaanSachinModi; (vi) Rigid Containers Private Limited: and (vii) Fortune Packaging LLP, (collectively the "PACS") have announced an OpenOfferforacquisitionofupto48,75,000 (FortyEightLakhsSeventyFiveThousand)fullypaid-upequitysharesof facevalue ofRs.10/- (RupeesTen Only)each, representing26.00% ofthetotalequityandvoting sharecapitalofThe South India Paper Mills Limited ("Target Company") (having CIN L85110KA1959PLC001352, Scrip Code: 516108 and Scrip It): STHINPA) on a fullydiluted basis. fromthe public shareholders ofthe Target Company for cashatanofferpriceofRs.1i20/-(RupeesOneHundredandTwentyOnly)perEquityShare. TheOpenOfferisbeingmaden* ranttoandincompliancewithRegulation3(1)and4ofthe SecuritiesandExchange BoardofIndia(SubstantialAkquisigjonof,Sheres Takeover)Reslslativn 20113116suhseqventamendmentslhegetg ("SEBI(SAST)Regulations") In accordance withthe provisions ofRegulation 12(1) ofthe SEBI (SAST) Regulations, we, Indcap AdvisorsPrivate Limited, a SEBI registered Merchant Banker having Registration No. INM000013031, have been appointed as the Managertothe OpenOffer, bytheAcquirers. AsrequiredunderSecondProvisotoRegulation 16(4)oftheSEBI(SAST)RegulationsreadwithRegulation 18(1).we are enclosingherewiththe followingdocument:- (1)LetterofOfferdatedOctober 13,2026alongwiththeFormofAcceptancecumAcknowledgment; WerequestyoutokindlyuploadtheLetterofOffer011yourwebsite. Kindlyacknowledgereceipt. Yourssincerely, Forandonbehalfof, IndcapAdvisorsPrivateLimited r¢,,"¢/*"/ RaviPrakashMundhra Compliance Officer Indcap Advisors Private Limited Bangalore NewDelhi CoveOffices 3rdFloor,315RectangleOne, RahelPlaza,3rdFloor,RichmondRd, D-4,Saket,NewDelhi~110017 AshokNagar,Bengaluru,Karnataka560025 T:+911143172313 LETTER OF OFFER (“LOF”) “THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION” This Letter of Offer (as defined below) is being sent to you as a Public Shareholder (as defined below) of The South India Paper Mills Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or the Manager to the Offer (as defined below) or the Registrar to the Offer (as defined below). In the event you have recently sold your Equity Shares (as defined below) in the Target Company, please hand over the 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 (“OPEN OFFER”/ “OFFER”) BY ACQUIRERS Name Residential Address Telephone Email Nandini Modi Flat No. 17B- Eden Hall, Dr. Annie Besant +91 9987234801 kirit@kmoffice.in (“Acquirer 1”) Road, Copper Chimney Hotel, Worli S.O. Mumbai-400018, Maharashtra Kirit Modi (“Acquirer Flat No. 17B Eden Hall, Dr. Annie Besant +91 9987234801 kirit@kmoffice.in 2”) Road, Copper Chimney Hotel, Worli S.O. Mumbai-400018, Maharashtra. ALONG WITH PERSON ACTING IN CONCERTS Name Residential Address Telephone Email Sachin Kirit Modi Flat No. 183 B, 18th Floor, B Wing, +91 9820181491 sachin@kmoffice.in (“PAC 1”) Kalpataru HO, S K Ahire Marg, Near TV Tower, Worli, Mumbai, 400018, Maharashtra Swapnil Kirit Modi Flat No. 17-B Eden Hall, Dr. Annie +91 9820179807 swapnil@kmoffice.in (“PAC 2”) Besant Road, Copper Chimney Hotel, Worli S.O. Mumbai, 400018, Maharashtra Riddhi Sachin Modi 183 B-Wing, Kalptaru Horizon, S K +91 9820237751 sachin@kmoffice.in (“PAC 3”) Ahire Marg, Worli, Mumbai, 400018, Maharashtra Bhuvi Swapnil Modi Q-3, Q-4, 17th Floor, Eden Hall, Dr. A. +91 9930436414 swapnil@kmoffice.in (“PAC 4”) B Road, Worli, Mumbai, Maharashtra – 400018 Rihaan Sachin Modi 183/B Wing, Kalptaru Horizon, S K +91 9820181491 sachin@kmoffice.in (“PAC 5”) Ahire Marg, Near Doordarshan Kendra, Worli, Mumbai, 400018, Maharashtra Rigid Containers DP - 8, SIDCO Industrial Estate, +91 9987234801 kiritmodioffice@gmail.com Private Limited Tirumzhisai, Chennai, Chennai, Tamil (“PAC 6”) Nadu, India, 600124 Fortune Packaging 801, A wing, Naman Midtown, Senapati +91 9987234801 kiritmodioffice@gmail.com LLP (“PAC 7”) Bapat Marg, Elphinstone Road (West), Mumbai City, Mumbai, Maharashtra, India, 400013 TO ACQUIRE Up to 48,75,000 (Forty-Eight Lakhs and Seventy-Five Thousand) fully paid-up Equity Shares (“Offer Shares”) representing 26% (Twenty Six percent) of the Voting Share Capital (defined below) of the Target Company, for cash at an offer price of ₹ 120/- (Rupees One Hundred and Twenty only) per Offer Share (“Offer Price”) From the Public Shareholder(s) of THE SOUTH INDIA PAPER MILLS LIMITED (“Target Company”) Registered Office: Chikkayana Chatra, P.O.: Nanjangud, Nanjangud, Karnataka, India-571301 Tel: (08221) 228265; Email: corporate@sipaper.com; Website: www.sipaper.com Corporate Identification Number: L85110KA1959PLC001352 Please Note: 1. This Offer is being made by the Acquirers and the PACs to the Public Shareholders of the Target Company pursuant to and in compliance with Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Page 1 of 65 Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011”) for substantial acquisition of shares and voting rights accompanied with change in control. 2. This Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19(1) of the SEBI (SAST) Regulations, 2011. 3. There is no differential pricing for Equity Shares under the Offer. 4. This Offer is not a c [Showing first 8,000 characters — download PDF for full document]