Submission of newspaper advertisements published with respect to recommendations of the Independent Director''s Committee

THE SOUTH INDIA PAPER MILLS LIMITED • R Cotg rpd o. rO aJ1 e.f k &t : & M aF ra kc et to inr gy : O C ffh uik :ek :a y #a 1n 2a 0 5C Ih a 1t 2r 0a 6, ,N Pa rn e. s,. a tin gg e u Md t. r 5 i d7 ,'1 a 3 n0 I2 ; , K Ma •Gr na Rta ol ac da , S Bta at ne g, aIn lod ri ea . 560 001. Ref: Open.offer/ 2026 16.10.2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai -400 001 Dear Sir/ Madam,. Scrip Code: 516108 OIS nu bdb le ig: p aN e te in ow d ns e sp n · aa t rp D ,de ir r De a c id sto cv lre o'r s st i uCs re o em m Re m en qit t tp e iru e eb m-li Ds eh nise tc sd l )o w Rsi eut gh re r lue ans tip d oe e nc r t 2eo 0g R 1u 5e la .c to iom n m 30e n od f a St Eio Bn I s _. ( Lo if s t tih ne g · ooW nfe t 1h a 6er -e 1I n 0e d -n 2ec 0plo 2es 6ni wn dg e n hh t e rD .r ee i s~w pei ecth cto t r th ' ose ~ hn o ee m w Oms pp eia t ntp e oe e fr f, a p rd .u v be lir sti hs ee dm ie nn tt hs ere bg ea lr od win g t eh ne ir oe nc eo dm nm ee wn sd pa at pio en rss Sr.·No Newspapers I Financ'ial Express EL na gn l~ isu ha e:c ! Editions ~ . 2 Jansatta All India Hindi 3 Udaykala All Jndia Kannada 4 Mumbai Lakshdeep Marathi Ban_galore Kindly take the above on your records. Mumbai Thanking you, Yours faithfu~ly VFo idr yT ah e S Do igu itatlhly s iIgnnedd ia Paper Mills Limited by Vidya Bhat Bhat Date: 2026.10.16 12:44:40 +05'30' Vidya Bhat Company Secretary ACS29436 L__---------~====-·s1PM-- arkec nJ ( ~CfC 6 sOo uC r R ,p aT Po pOr O ia rR .Rt •e Y -A oI : ~d mT e P E n GH :t i P rOty aHN mN OE so :N:. ) P( E9L A:1 8 ) P5 9( E1 101 )8 MK 02 81A U)1 )29 S425 W2P 26 3L e5 6C b0- s6O :I3 w52 w.s,. aptr.co• ªf³fÀfØff 23 16 A¢°fc¶fS, 2026 THE SOUTH INDIA PAPER MILLS LIMITED CIN:L85110KA1959PLC001352 Registeredoffice:Chikkayanchatra,Nanjangud571302,KarnatakaState ¸ffh¦f Àfc¨f³ff PhNo08221228265,08221228266,08221228267Website:www.sipaper.com,Email:corporate@sipaper.com d½fØfe¹fAfdÀ°f¹fûIZY´fid°f·fcd°fIYSX¯f°f±ff´fb³fd³fʸffʯfIYe²ffSXf13(2)°f±ff´fid°f·fcd°fdWX°f(´fi½f°fʳf)d³f¹f¸f,2002(kkd³f¹f¸fll) RECOMMENDATIONSOFTHECOMMITTEEOFTHEINDEPENDENTDIRECTORS IZYd³f¹f¸f3IZYÀff±f´fdNX°f ´fid°f·fcd°fdWX°fAd²fd³f¹f¸f,2002(kkAd²fd³f¹f¸fll)IZY´fi½f°fʳfIZY°fWX°f RecommendationsoftheCommitteeofIndependentDirectors,constitutedbytheBoardofDirectorsofTheSouthIndiaPaper MillsLimited(hereinafterreferredtoas‘IDC’)ontheopenoffermadebyMrs.NandiniModiandMr.KiritModi(theAcquirers)and thePersonsActinginconcert(PAC’s)tothepublicshareholdersofTheSouthIndiaPaperMillsLimited(TargetCompany)for acquisitionofupto48,75,000(FortyEightlakhSeventyFiveThousand)Equitysharesconstituting26%offullypaidupEquity sharecapitaloftheTargetCompany,underRegulation26(7)ofSEBI(SubstantialAcquisitionofSharesandTakeovers) Regulations,2011andsubsequentamendmentsthereof(SEBISASTRegulations) 1 Date 15thOctober2026 2 NameoftheTargetCompany(TC) TheSouthIndiaPaperMillsLimited OpenofferbytheAcquirersandPACsforacquisitionof48,75,000fullypaid- upequitysharesoffacevalueRs10each,representing26%oftheVoting ShareCapitaloftheCompany,atapriceof₹120/-(RupeesOneHundredand Twentyonly)perequityshare,payableincash,aggregatingtoaMaximum 3 DetailsoftheofferpertainingtotheTC Offer Consideration of ₹58,50,00,000/-, pursuant to the Public Announcementdated18thAugust2026andDetailedPublicStatement dated25thAugust2026,madeintermsofRegulations3(1)and4ofthe SEBI (SAST) Regulations, 2011 consequent to the Share Purchase Agreementdated18thAugust2026enteredintoamongtheAcquirersand theSellers Acquirers:MrsNandiniModiandMrKiritModi NameoftheAcquirer(s)andPersons PersonsActinginConcert(PAC’s) 4 ActinginConcert(PAC’s)withthe SachinKiritModi,SwapnilKiritModi,RiddhiSachinModi,BhuviSwapnil Acquirer Modi,RihaanSachinModi,RigidContainersPrivateLimitedandFortune PackagingLLP IndcapAdvisorsPrivateLimited, Suite#1201,12thFloor,AuroraWaterfront,GN34/1,SectorV,SaltLake City,Kolkata–700091,WestBengal,India; NameoftheManagertotheoffer Tel.No.:+913340698001; Emailid:openoffers@indcap.in; Website:www.indcap.in; Investorgrievanceid:investors@indcap.in; SEBIRegistrationNo.:INM000013031; MembersoftheCommitteeofIndependent Mr.MeenakshiSundaramShivakumar-Chairman Directors(IDC) Mr.NagarajaSrivatsa–Member Mr.GomatamRavi-Member Mrs.GargiOjha–Member TheMembersoftheIDCareIndependentDirectorsoftheCompany ''IMPORTANT'' NoneofthemembersoftheIDCholdanyequityshares/Securitiesofthe Whilstcareistakenpriortoacceptanceofadvertising TargetCompany,exceptforMr.GomatamRaviwhoholds1,000Equity copy,itisnotpossibletoverifyitscontents.TheIndian sharesofRs10each,oftheCompany. Express(P)Limitedcannotbeheldresponsibleforsuch Exceptasmentionedbelow,noneofthemembersoftheIDChaveentered contents,norforanylossordamageincurredasa intoanycontractorhaveanyrelationshipwiththeTargetCompany:(a)Mr. resultoftransactionswithcompanies,associationsor IDC Member’s relationship with the TC MeenakshiSundaramShivakumaristheChairmanoftheAuditCommittee, individualsadvertisinginitsnewspapersorPublications. We therefore recommend that readers make 7 (Director,EquitySharesowned,anyother Nomination&RemunerationcommitteeoftheTargetCompany.(b)Mr. necessaryinquiriesbeforesendinganymoniesor contract/relationship),ifany Nagaraja Srivatsa is the Chairman of the Stakeholders Relationship enteringintoanyagreementswithadvertisersor Committee,memberoftheAuditCommittee,NominationandRemuneration otherwiseactingonanadvertisementinanymanner Committee&RiskManagementcommittee(c)Mr.GomatamRaviisa whatsoever. memberoftheAuditcommittee,NominationandRemunerationCommittee, StakeholdersRelationshipCommitteeandRiskManagementCommitteeof theTargetCompany.(d)Mrs.GargiOjhaisamemberoftheStakeholder RelationshipCommitteeandCorporateSocialResponsibilityCommitteeof Q ÀffCX±f BÔdOX¹f³f ¶f`ÔIY d»f. theTargetCompany. ÃfZÂfe¹f IYf¹ffÊ»f¹f: dQ»»fe, NoneofthemembersoftheIDChavetradedinanyoftheEquityShares/ R3S ûe ³f¸ :fÔd 0þ 1» 1f, 4´» 2f 3fgM 3³ 1fÔ. 62 61 4, /02 11 1/ 41 5, 1´f 2cÀff 8S 6û 6O 1,I BʸS fZ»û» ff :¶ rf of¦ 1f, 0³f 0B 8Êd @Q»» sife b- .1 c1 o0 .0 in05 8 sTr ea cd ui rn ig tiesin oftt hh ee TCEq bu yi It Dy CS Mh ea mre bs ers/ other ts he ecu dr ait ti ees oo ff thth ee PTa ur bg lie ctC Ao nm nop ua nn cy ed mu eri nn tg at nh de: (( ba ))1 p2 erm ioo dn ft rh os mpe thri eod dp ar teec oe fd tin hg AfSXAû:OXeBÊE»f/ÀfeAfSXOXe/EÀfEAfSX/44/2026-27 dQ³ffÔIY: 15-10-2026 PublicAnnouncementandtillthedateofthisrecommendation. BÊ-³fe»ff¸fe d¶fIiYe Àfc¨f³ff IDC Member’s relationship with the ´fid°f·fcd°fdW°f(´fiU°fʳf)d³f¹f¸f,2002IZ d³f¹f¸f8(6)AüS9(1)IZ ´fifU²ff³fIZ Àff±f´fdN°fdUØfe¹f´fdSÀfÔ´fdØf¹fûÔIf 9 acquirer(Director,EquitySharesowned, NoneoftheIDCMembershaveanycontract/relationshipwiththeAcquirers ´fid°f·fcd°fIS¯fAüS´fb³fd³fʸffʯf°f±ff´fid°f·fcd°fdW°f´fiU°fʳfAd²fd³f¹f¸f,2002,IZ °fW°fA¨f»fÀfÔ´fdØf¹fûÔIed¶fIieIZ d»fE anyothercontract/relationship),ifany BÊ-³fe»ff¸fed¶fIieÀfc¨f³ff 1. ßfe ´fiQe´f IbY¸ffSX SXÀ°fû¦fe (´fiû´fifBMXSX- ¸fZÀfÀfÊ E¹fSX IÔYOXeVf³fSX ´UfBÔMX) 10 TradingintheEquitysharesofAcquirerby NotApplicable IDCMembers ¦fifCÔOμ»fûS,104E/347,Sf¸f¶ff¦f,If³f´fbS³f¦fS,CØfS´fiQZVf-208012,A³¹f´f°ff:d³fUfÀfe111E/354AVfûI³f¦fS, AfS.IZ.³f¦fS,If³f´fbS,CØfS´fiQZVf-208012,A³¹f´f°ff:111/430,80ReMSûO,If³f´fbS,CØfS´fiQZVf-208012 TheIDCisoftheopinionthattheOfferPriceofRs120(RupeesOneHundred 2. ßfe¸f°fe³feøYSXÀ°fû¦fe,d³fUfÀfe111E/354,AVfûI ³f¦fS,If³f´fbS,CØfS´fiQZVf-208012,A³¹f´f°ff:111/430,80 RecommendationontheOpenOffer,asto andTwentyonly)perEquityShareisinaccordancewiththeapplicable ReMSûO,If³f´fbS,CØfS´fiQZVf-208012 whethertheofferisfairandreasonable regulationsoftheSEBI(SAST)RegulationsandaccordinglytheOpenOfferis ÀfUÊÀff²ffS¯fIûAüSdUVfZ¿fø´fÀfZC²ffSI°ffÊ/¦ffSÔMeI°ffÊIûE°fïÐUfSfÀfcd¨f°fdI¹ffþf°ffW`dI ³fe¨fZUd¯fÊ°fA¨f»fÀfÔ´fdØf, fairandreasonable. þûdQÀffC±fBÔdO¹f³f¶f`ÔI d»fd¸fMZO,VffJfIf³f´fbS(ÀfbSdÃf°f»fZ³fQfS)IZ ´ffÀf¶fÔ²fI W`AüSdþÀfIfÀffÔIZd°fI I¶þfdQ TherecommendationoftheIDCsetoutinparagraph11above,isbasedon ÀffC±fBÔdO¹f³f¶f`ÔI d»fd¸fMZO(ÀfbSdÃf°f»fZ³fQfS)IZ Ad²fIÈ°fAd²fIfSeõfSf»fZd»f¹ff¦f¹ffW`,CÀfZ"þ`Àff WX` þWXfh WX`", thef [Showing first 8,000 characters — download PDF for full document]