Systematix Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement with respect to the open offer to the public shareholders of Kuber Udyog Ltd ("Target Company").

October 19, 2026 BSE Limited (BSE) Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai 400 001, India Dear Sir, Sub: Open Offer to acquire up to 3,19,71,680 fully paid-up Equity Shares of face value of Rs. 10/- each of Kuber Udyog Limited (“Target Company”), representing 26.00% of the Expanded Voting Share Capital of the Target Company, by Mr. Manav Bahri (“Acquirer 1”), Mr. Dinesh Popli (“Acquirer 2”) and Mr. Ajay Dutta (“Acquirer 3”) (collectively, the “Acquirers”), along with Trimudra Trade & Holdings Private Limited (“PAC 1”) and Ms. Shraddha Gohil (“PAC 2”) (collectively, the “PACs”), at a price of Rs. 23.35/- per Equity Share, payable in cash, pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. Ref: Submission of Corrigendum to the Detailed Public Statement (in response to Final SEBI observation letter dated October 09, 2026), released on October 19, 2026 in continuation with the Detailed Public Statement (“DPS”) dated August 14, 2026 and the Public Announcement (“PA”) dated August 07, 2026. Systematix Corporate Services Limited ("Manager to the Offer"), on behalf of the Acquirers and the PACs, has informed the equity shareholders of the Target Company vide DPS, published on August 14, 2026, in compliance with Regulation 15(2) of the SEBI (SAST) Regulations, pursuant to the Public Announcement e-filed on August 07, 2026 with your office and with the Target Company. As required under Final SEBI Observation dated October 09, 2026, the Corrigendum to DPS has been published in the following newspapers on October 19, 2026: 1 The Financial Express English Daily All Editions 2 Jansatta Hindi Daily All Editions 3 Mumbai Lakshdeep Marathi Daily Mumbai Edition In this regard, we are enclosing herewith an e-copy of the Corrigendum to the DPS published in the aforesaid newspapers for your reference and records. Thanking You, Yours truly, For Systematix Corporate Services Limited Amit Kumar Director – Investment Banking Encl: As above Systematix Corporate Services Limited Registered Office: 206 - 207, Bansi Trade Centre, 581/5, M. G. Road, Indore - 452 001. Tel: +91-0731-4068253 Corporate Office: The Capital, A-Wing, No. 603 - 606, 6th Floor, Bandra Kurla Complex, Bandra (East), Mumbai -400051. Tel: +91-22-6619 8000 / 4035 8000 Fax: +91-22-6619 8029 /40358029 CIN: L91990MP1985PLC002969 Website: www.systematixgroup.in Email: secretarial@systematixgroup.in SEBI Merchant Banking Registration No.: INM000004224 CORRIGENDUM TO THE DETAILED PUBLIC STATEMENT WITH RESPECT TO THE OPEN OFFER TO THE PUBLIC SHAREHOLDERS OF KUBER UDYOG LIMITED Corporate Identification Number: L51909MH1982PLC371203 Registered Office: Office No. 156, 1st Floor, Raghuleela Mega Mall, Kandivali (West), Mumbai 400 067, Maharashtra, India. Tel. No. +91 75063 24443; Email: kuberudyoglimited@gmail.com ; Web: www.kuberudyog.com OPEN OFFER (“THE OFFER”) FOR ACQUISITION OF UPTO 3,19,71,680 (THREE CRORE NINETEEN LAKH SEVENTY-ONE THOUSAND SIX HUNDRED AND EIGHTY) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹10 EACH (“EQUITY SHARES”) OF KUBER UDYOG LIMITED (“TARGET COMPANY”), REPRESENTING 26.00% OF THE EXPANDED VOTING SHARE CAPITAL (“OPEN OFFER SHARES”) OF THE TARGET COMPANY FROM THE PUBLIC SHAREHOLDERS OF THE TARGET COMPANY AT A PRICE OF ₹23.35 PER EQUITY SHARE (“OFFER PRICE”) PAYABLE IN CASH BY MR. MANAV BAHRI (“ACQUIRER 1”), MR. DINESH POPLI (“ACQUIRER 2”) AND MR. AJAY DUTTA (“ACQUIRER 3”) (HEREINAFTER COLLECTIVELY REFERRED TO AS THE “ACQUIRERS”), ALONG WITH TRIMUDRA TRADE & HOLDINGS PRIVATE LIMITED (“PAC 1 ”) AND MS. SHRADDHA GOHIL (“PAC 2”) (HEREINAFTER PAC 1, AND PAC 2 COLLECTIVELY REFERRED TO AS “PACS”), PURSUANT TO AND IN COMPLIANCE WITH REGULATIONS 3(1) AND 4 OF THE SEBI (SAST) REGULATIONS. This Corrigendum to DPS ("Corrigendum") is being issued by Systematix Corporate Services Limited ("Manager to the Offer"), for and on behalf of the Acquirers and the PACs in the in the following newspapers: the Financial Express (English daily), Jansatta (Hindi Daily), Mumbai edition of Mumbai Lakshadeep (Marathi Daily), in which DPS was released on August 14, 2026 This Corrigendum should be read in continuation with and in conjunction with (a) Public Announcement dated August 7, 2026 ("PA"); (b) Detailed Public Statement dated August 14, 2026 ("DPS"); and (c) Draft letter of offer dated August 21, 2026 ("DLOF"). Capitalised terms used but not defined in this Corrigendum shall have the same meaning assigned to them in the DPS. The Manager to the Offer has received final SEBI Observation Letters dated October 09, 2026 ("SEBI Observations Letter") on the DLOF. The Public Shareholders are requested to note the following changes/amendments to the PA, DPS and DLOF in relation to the Open Offer pursuant to the SEBI Observations Letter and the development post filing of DLOF with SEBI: 1. Revised Schedule of Activities in relation to the Open Offer: The public shareholders are requested to kindly note following revisions in the Schedule of activities relating to the Offer: Major Open Offer Activities Original Schedule Revised Schedule (Day & Date) (1) (Day and Date) Date of the Public Announcement (PA) Friday, August 07, 2026 Friday,August 07, 2026 Last date of publication of the Detailed Public Statement (DPS) Friday,August 14, 2026 Friday,August 07, 2026 Last date of filing Draft Letter of Offer (DLOF) with SEBI Friday, August 21, 2026 Friday, August 21, 2026 Last date for a Competitive Bid / Offer(2) Monday, September 07, 2026 Monday, September 07, 2026 Last date of SEBI Comments / Observations on the Draft Letter of Offer Tuesday, September 15, 2026 Friday, October 09, 2026 Identified Date(3) Thursday, September 17 2026 Tuesday, October 13, 2026 Last date by which the Letter of Offer ("LOF") is to be dispatched to the Public Shareholders whose names appear on the register of Thursday, September 24 2026 Wednesday, October 21, 2026 members on the Identified Date Last date by which the Committee of Independent Directors of the Target Company is required to give its recommendation to the Public Friday, September 25, 2026 Thursday, October 22, 2026 Shareholders for this Open Offer Last date for publication of the recommendations of the Committee of Independent Directors Tuesday, September 29, 2026 Monday, October 26, 2026 Last date for upward revision of the Offer Price or any increase in the Offer Size Wednesday, September 30, 2026 Tuesday, October 27, 2026 Date of publication of Offer Opening Public Announcement in the newspapers in which the DPS has been published Wednesday, September 30, 2026 Tuesday, October 27, 2026 Date of commencement of the Tendering Period ("Offer Opening Date") Thursday, October 01, 2026 Wednesday, October 28, 2026 Date of closure of the Tendering Period ("Offer Closing Date") Thursday, October 15, 2026 Wednesday, November 11, 2026 Last date for communicating the rejection / acceptance; Completion of payment of consideration or refund to the Public Shareholders Friday,October 30, 2026 Thursday, November 26, 2026 Last date for publication of post-Offer public announcement in the newspapers in which the DPS has been published Friday, November 06, 2026 Thursday, December 03, 2026 Last date for submission of Final Report by the Manager to the Offer with SEBI Friday, November 06, 2026 Thursday, December 03, 2026 1) The above timelines are indicative (prepared on the basis of the timelines prescribed under the SEBI (SAST) Regulations, 2011, as amended) and are subject to receipt of relevant approvals from various statutory/regulatory authorities and may be revised accordingly. 2) There is no competing offer to this Offer. 3) The Identified Date is only for the purpose of determining the names of the Eligible Equity Shareholders as on such date to whom the Letter of Offer shall be sent. It is clarified that all holders (registered or unregistered) of Equity Shares of the Target Company, except the Acquirers, the PA [Showing first 8,000 characters — download PDF for full document]