Submission of newspaper advt regaring pre offer advertisement pertaining to open offer

THE SOUTH INDIA PAPER MILLS LIMITED Regd. Office & Factory : Chikkayana Chatra, Nanjangud - 571 302, Karnataka State, India Corporate & Marketing Office : # 1205 / 1206, Prestige Meridian II, M.G Road, Bangalore - 560 001. Ref : Open offer/ 2026 22.10.2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Dear Sir/ Madam, Scrip Code: 516108 Sub: Pre offer advertisement and Corrigendum to Detailed Public Statement published in newspaper regarding open offer - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We are submitting herewith the copy of the Pre-offer advertisement & Corrigendum to Detailed Public Statement, published in terms of Reg 18(7) of SEBI (SAST) Regulations, as received from Indcap Advisors Private Limited (Manager to the Open offer). The advertisements are published in the following newspapers. Sr. No_| Newspapers Language Editions 1 Financial Express English All India 2 Jansatta Hindi All India 3 Udaykala Kannada Bangalore 4 Mumbai Lakshdeep Marathi Mumbai Kindly take the above on your records. Thanking you, Yours faithfully For The South India Paper Mills Limited Vidya i’ Bhat e Vidya Bhat Company Secretary ACS 29436 SIPM —— CIN (Corporate Identity No.) L85110KA1959PLC001352 FACTORY : PHONE : (91) (08221) 228265-67 CORPORATE : PHONE : (91) (080) 41123605 [E-mail : marketing@sipaper.com Grams : PAPERMILLS Website : www.sipaper.com - El Kolkata I n d ca Ad vl So rs Suite 1201, 12" Floor, Aurora Waterfront, GN 34/1, Sector 5, Salt Lake City, Kolkata 700091 T:+91 33 4069 8001 E: kolkata@indcap.in Enabling Growth|creating Value W: www.indcap.in Date: 21.10.2026 The South India Paper Mills Limited Chikkayana Chatra, P.O.: Nanjangud, Nanjangud, Karnataka, India-571301 Sub: Open Offer to acquire up to 48.75.000 equity shares representing 26% of the voting share capital of The South India Paper Mills Limited by the Acquirers (as defined below) along with the PACs (as defined below) at an offer price of 120/~ per fully paid-up share Dear Sir/Madam, We would like to inform you that Nandini Modi and Kirit Modi (collectively the “Acquirers”), along with (i) Sachin Kirit Modi; (ii) Swapnil Kirit Modi; (iii) Riddhi Sachin Modi; (iv) Bhuvi Swapnil Modi; (v) Rihaan Sachin Modi; (vi) Rigid Containers Private Limited; and (vii) Fortune Packaging LLP, (collectively the “PACs”) have announced an Open Offer for acquisition of up to 48,75,000 (Forty Eight Lakhs Seventy Five Thousand) fully paid-up equity shares of face value of Rs.10/- (Rupees Ten Only) each, representing 26% of the total equity, and voting share capital of The South India Paper Mills Limited (“Target Company”) (having 85110KA1959PLC001352, Scrip Code: 516108 and Scrip ID: STHINPA) on a fully diluted basis, e public shareholders of the Target Company for cash at an offer price of Rs.120/- (Rupees One Hundred and Twenty Only) per Equity Shate.. . ¢ v« 5t inme Valu e The Open Offer is being made pursuant to and in compliance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations™) In accordance with the provisions of Regulation 12(1) of the SEBI (SAST) Regulations, we, Indcap Advisors Private Limited, a SEBI registered Merchant Banker having Registration No. INM000013031, have been appointed as the Manager to the Open Offer, by the Acquirers. As per the Regulation 18(7)(b) of the SEBI (SAST) Regulations, we are enclosing herewith a copy of the artwork of the Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement and the copy of the newspaper advertisements published in all available editions of Financial Express (English) and Janasatta (Hindi), the Bangalore edition of Udaykala (Kannada), and the Mumbai edition of Mumbai Lakshadeep (Marathi) on October 20, 2026 in relation to the Open Offer. Indcap Advisors Private Limited Bangalore New Delhi Cove Offices 3rd Floor, 315 Rectangle One, Raheja Plaza, 3rd Floor, Richmond Rd, D-4, Saket, New Delhi-110017 Ashok Nagar, Bengaluru, Karnataka 560025 T: 491114317 2313 CIN : U74120WB2008PTC125639 Kolkata 4 I n d Ad r Suite 1201, 12" Floor, Aurora Waterfront, A ca p vl so S GN 34/1, Sector 5, Salt Lake City, Kolkata 700091 . T:+91 33 4069 8001 E: kolkata@indcap.in Enabling Growth |Creating Value W: www.indcap.in ‘We request you to kindly upload the on your website. Kindly acknowledge receipt. Yours sincerely, For and on behalf of, Indcap Advisors Private Limited Ravi Prakash Mundhra Compliance Officer Enabling Growth Creating Value Indcap Advisors Private Li Bangalore New Delhi Cove Offices 3rd Floor, 315 Rectangle One, Raheja Plaza, 3rd Floor, Richmond Rd, D-4, Saket, New Delhi-110017 Ashok Nagar, Bengaluru, Karnataka 560025 T:491114317 2313 CIN : U74120WB2008PTC125639 PRE-OFFER ADVERTISEMENT UNDER REGULATION 18(7) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AND p. Paragraph 18 of Section VIl (Background ofthe Target Company~ The South India Paper Mils Liited) on page 38 of the LOF has been revised by deleting the earier Short CORRIGETHEN DEDTAUILEMDPTUBLOIC STATEMENT FORTHEATTENTION OF THEEQUITY SHAREHOLDERS OF “Term ASM Framework the Target Company was piaced with effect from August 27, 2026, sentence, which now reads as: “Target Company has not faced any suspension THE SOUTH INDIA PAPER MILLS LIMITED fromtrading on the Stock Exchange during the last 10 Ten) years.” . Paragraph 20 of Section VIl (Backgroouf nthde Target Company — The South Incia Paper Mils Limited) on pages 3839 of the LOF has been revised by deletion of the CIN: L85 110KA1950PLC001352 reference to information available in the public domain, and by restructuring the disclosure of past non-compiances, fines and their status into a detaled tabl, s per Registered Office: Chikkayana Chatra njangud, Nanjangud, Kamataka, Indi drections from SEBI. The revised paragraph is as under — “Baseodn the confirmations received from the Target Company, there are no fines or penalties pending or Tel. No: (08221) 228265 E-mail Id subsisting against the Target Corpany, ts Exiting Promoters ord rectors or KMPs by SEBI, BSE or any other reguiatory authorty,as on the date of tis LOF There re no outstandingfines or monetary penalties payable by the Target Company to BSE i respect ofthe non-compliances, as on the date of this LOF No penal action has been taken OPEN OFFER FOR ACQUISITION OF UPTO 48,75,000 (FORTY EIGHT LAKHS AND SEVENTY FIVE THOUSAND) FULLY PAID-UP EQUITY SHARES HAVING A FACE VALUE OF ¥ against the Existing Promoters or directors or KMP of the Target Company under the SEE (LODR) Reguiations, 2015 as on the cate of this LOF The details of non- compldeilayaed ncomcpleian/ce by the Target Compawitnh tyhe SEBI (LODR) Regulations, 2015 nlast 10 (Ten) yearsare as under: 10/- (RUPEES TEN ONLY) EACH (“OFFER SHARES”) REPRESENTING 26.00% (TWENTY SIX PERCENT) OF THE VOTING SHARE CAPITAL OF THE SOUTH INDIA PAPER MILLS LIMITED (“TARGET COMPANY") AT A PRICE OF Z120/- (RUPEES ONE HUNDANDR TWEENDTY ONLY) PER OFFER SHARE BY NANDINI MODI (“ACQUIRER 1”) AND Regulation Due date Actual compliance Delay Fine / status KIRIT MODI (‘ACQUIRER 2”) (ACQUIRER 1 AND ACQUIRER 2, COLLECTIVETLHYE “ACQUIRERS”), TOGETHER WITH SACHIN KIRIT MODI, SWAPNIL KIRIT MODI, RIDDHI SACHIN MODI, BHUVI SWAPNIL MODI, RIHAAN SACHIN MODI, RIGID CONTAINERS PRIVATE LIMITED AND FORTUNE PACKAGING LLP (COLLECTIVELY THE “PERSONS 2309) November 28, 2020 January 30, 2021 63days | The fine of 2283,200 (ncluding GST) was waived off by BSE vide ACTING IN CONCERT” OR “PACs”), FROM THE PUBLIC SHAREHOLDERS OF THE TARGET COMPANY PURSUANTTO AND IN COMPLIANCE WITH THE SECURITIES AND e-mail dated July 20, 2021 EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED FROM TIME TO TIME (*SEBI (SAST) 17(1A) Zprl 07, 2079 September 24, 2020 542 [Showing first 8,000 characters — download PDF for full document]