BSECompany Update27 Oct 2026 · 27 Oct 2026, 11:52 am

Systematix Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Public Advertisement in accordance with Regulation 18(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended of for the attention of the shareholders of Kuber Udyog Ltd ("Target Company").

Kuber Udyog Ltd · 539408

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Systematix Corporate Services Ltd has submitted a Pre-Offer Public Advertisement to BSE regarding an open offer to acquire up to 26% of Kuber Udyog Ltd's expanded voting share capital at ₹23.35 per share.

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Kuber Udyog Ltd - 539408 - Pre-Offer Public Advertisement

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ACB877C4-E24C-4224-8561-E9C80E907CBF-115152.pdf

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October 27, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001, India Sub: Open Offer to acquire upto 3,19,71,680 fully paid-up Equity Shares of face value of ₹10 each of Kuber Udyog Limited (“Target Company”), representing 26.00% of the Expanded Voting Share Capital of the Target Company, by the Acquirers along with the Person Acting in Concert under Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011. Ref: Submission of Offer Opening Public Announcement (“Pre-Offer PA”) Dear Sir/Madam, We are enclosing herewith a copy of the Pre-Offer Public Announcement (“Pre-Offer PA”) of the above- referred Open Offer in compliance with Regulation 18(7) of the SEBI (SAST) Regulations, 2011 and the same has been published on October 27, 2026 in all the newspapers (as mentioned below) where the Detailed Public Announcement (“DPS”), Corrigendum to DPS and Independent Director’s Committee recommendations (“IDC”) were published: 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 soft copy of the said announcement published in the Financial Express (Mumbai edition) for your kind perusal. We are also submitting herewith a Soft Copy of the same in PDF to upload on your website. We certify that the contents of the PDF format are identical with the copy of Pre-Offer PA published. Please acknowledge the same and disseminate on your website at the earliest. Thanking You, Yours truly, For Systematix Corporate Services Limited Amit Kumar Director, Investment Banking Encl: as above. CC: Kuber Udyog Limited 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 PRE-OFFER PUBLIC ADVERTISEMENT IN ACCORDANCE WITH REGULATION 18(7) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED OF KUBER UDYOG LIMITED Corporate Identification Number: L51909MH1982PLC371203 Registered Office: Office No. 156, 1st Floor, Raghuleela Mega Mall, Kandivali (West), Mumbai – 400067, Maharashtra, India. Tel. No.: +91 75063 24443; Email: kuberudyoglimited@gmail.com Website: www.kuberudyog.com This advertisement (“Pre-Offer PA”) is being issued by Systematix Corporate Services Limited (“Manager to the Offer”) on behalf of 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 persons acting in concert, namely Trimudra Trade & Holdings Private Limited (“PAC 1”) and Ms. Shraddha Gohil (“PAC 2”) (hereinafter PAC 1 and PAC 2 are collectively referred to as the “PACs”), pursuant to Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the “SEBI (SAST) Regulations”), in respect of the open offer (the “Offer”) to acquire up to 3,19,71,680 fully paid-up equity shares having face value of `10 each (the “Equity Shares”) at a price of `23.35 per Equity Share, representing 26.00% of the Expanded Voting Share Capital of Kuber Udyog Limited (the “Target Company”). The Detailed Public Statement dated August 14, 2026 (“DPS”) and the Corrigendum to DPS dated October 19, 2026 (“Corrigendum to DPS”) with respect to the Offer was published in the following newspapers: Sl. No. Newspapers Language Editions 1 The Financial Express English Daily All Editions 2 Jansatta Hindi Daily All Editions 3 Mumbai Lakshdeep Marathi Daily Mumbai Edition The terms used but not defined in this Pre-Offer PA shall have the same meanings assigned to them in the PA, the DPS, Corrigendum to DPS and the Letter of Offer dated October 17, 2026 ("LOF"). The Manager to the Offer has received SEBI's final observations dated October 09, 2026 ("SEBI Observations Letter") on the Draft Letter of Offer ("DLOF") and pursuant to that the Shareholders are requested to note the following in relation to the Open Offer made by the Acquirers and PACs vide the PA dated August 07, 2026: 1. Offer Price: The Offer Price under this Offer is `23.35 (Rupees Twenty-Three and Thirty-Five Paise Only) per Equity Share. The Offer Price shall be paid in cash in accordance with Regulation 9(1)(a) of the SEBI (SAST) Regulations and subject to the terms and conditions specified in the PA, the DPS, the Corrigendum to DPS and the LOF. Further, there has been no upward revision of the Offer Price or Offer Size by the Acquirers and the PACs. 2. Recommendation of the Committee of Independent Director (IDC): The Committee of Independent Directors ("IDC") of the Target Company in their meeting held on October 19, 2026 has recommended that the Offer Price is fair and reasonable as on date of the PA and the same recommendations is published on October 21, 2026 in the above-mentioned newspapers. 3. There is no competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. This Offer is not a competing offer. 4. The copies of LOF have been emailed and dispatched to the eligible public shareholders through Email and Speed Post/Registered Post by the Registrar to the Offer on or before October 21, 2026, who are the registered members of the Target Company as on the Identified Date (i.e. October 13, 2026). 5. Shareholders are required to refer to Para 10 of the LOF (Procedure for Acceptance and Settlement of the Offer) in relation to inter alia the procedure for tendering their Equity Shares in the Offer and are required to adhere to and follow the procedure outlined therein. 6. Please note that a copy of the LOF including 'Form of Acceptance-cum-Acknowledgement' ("FOA") is also available on SEBI website (http://www.sebi.gov.in). Registered / Unregistered Shareholders if they so desire may also apply on the FOA downloaded from the SEBI's website. Further, in case of non-receipt / non-availability of the FOA, the application can be made on plain paper along with the following details: 6.1. In case of Equity Shares held in dematerialized form: An Eligible Shareholder may participate in the Open Offer directly through his/her/it's Selling Broker by giving the details of Equity Shares they intend to tender under the Open Offer. Public Shareholders should tender their Equity Shares before market hours close on the last day of the Tendering Period. The Selling Broker would be required to place an order/bid on behalf of the Public Shareholders who wish to tender Equity Shares in the Open Offer using the Acquisition Window of the BSE. Before placing the bid, lien will be required to be marked on the tendered Equity Shares. Please also read the detailed procedure described in the LOF. The name, address and contact details of the "Buying Broker" to the Offer is as following: Prabhudas Lilladher Pvt. Ltd., 3rd Floor, Sadhana House, Opp. B. M. Baug, 570 Worli, Mumbai - 400018, Maharashtra, India. Tel. No.: 022-6632 2222; Email: cdsl@plindia.com; Website: www.plindia.com; Contact Person: Vinit Sawant. 6.2. In case of Equity Shares held in physical form: In accordance with the Frequently Asked Questions issued by SEBI, "FAQs - Tendering of physical shares in buyback offer/ open offer/ exit offer/delisting" dated February 20, 2020, SEBI Circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/144 dated July 31, 2020 and BSE notice no 20200528-32 dated 28 May 2020, shareholders holding securities in physical form are allowed to tender shares in open offer. However, such tendering shall be as per the provisions of the SEBI (SAST) Regulations. An Eligible Shareholder may participate in the Open Offer by provi [Showing first 8,000 characters — download PDF for full document]