Vivro Financial Services Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer for the attention of the Equity Shareholders of Rekvina Laboratories Ltd ("''Target ....

LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer (“LOF”) (as defined below) will be sent to you as a Public Shareholder (as defined below) of Rekvina Laboratories Limited (hereinafter, referred to as “Target Company” or “Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or Manager to the Offer (as defined below) or Registrar to the Offer (as defined below). In case you have recently sold your Equity Shares (as defined below) of the Company, please hand over this LOF and the accompanying Form of Acceptance (as defined below) and transfer deed to the member of Stock Exchange (as defined below) through whom the said sale was effected. OPEN OFFER (“Open Offer”/ “Offer”) BY Surbhit Mukesh Shah (“Acquirer-1”) residing at 3/B, Kunj Co. Op. Society, Alkapuri, Vadodara – 390020, Gujarat, India. Contact No.: (+91) 265-2362966 / 2362319 | Email Id: surbhit@rekvina.com Amit Mukesh Shah (“Acquirer -2”), residing at Plot No. 3/A, Kunj Co. Op. HSL, Alkapuri, Vadodara – 390007, Gujarat, India. Contact No.: (+91) 265-2362966 / 2362319 | Email Id: amit@rekvina.com Dhruvalkumar Patel (“Acquirer -3”) residing at 80 Antica Greenwoods, Sevasi Ankodiya road, Khanpur, PO: Ampad, Vadodara - 391101, Gujrat. Contact No.: (+91) 265-2362966 / 2362319 | Email Id: dhruvalpatel1@gmail.com. (hereinafter collectively referred to as “Acquirers”) to the Public Shareholders of REKVINA LABORATORIES LIMITED Registered Office: 36, Sampatrao Colony, Next to Royal Hotel, Alkapuri, Vadodara - 390007, Gujarat, India. Website: www.rekvinalaboratories.in | Tel. No: (+91) 265-2362966 / 2362319 | Email: info@rekvinalaboratories.com | CIN: L24231GJ1988PLC011458 to acquire up to 28,90,100 (Twenty Eight Lakhs Ninety Thousand One Hundred) fully paid-up equity shares of face value of ₹5/- (Rupees Five Only) each, representing 26% (Twenty Six Percent) of the Expanded Share Capital (as defined below) of the Target Company at a price of ₹ 10/- (Rupees Ten Only) per Equity Share (as defined below), payable in cash. PLEASE NOTE 1. This Open Offer is being made by the Acquirers pursuant to and in compliance with Regulations 3(2) and 4 and other applicable regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”) 2. This Open Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19 of SEBI (SAST) Regulations. 3. As on the date of this LOF (as defined below), there are no statutory or other approval(s) required to complete the Underlying Transaction (as defined below) contemplated under the SEPA (as defined below) and the acquisition of Offer Shares (as defined below) that are validly tendered pursuant to this Open Offer except for those mentioned in point no. 7.4 at page no. 32 of this LOF. However, in case any other statutory approvals become applicable and are required by the Acquirers at a later date before the closure of the Tendering Period (as defined below), this Open Offer shall be subject to receipt of such further approvals. 4. Where any statutory or other approvals extend to some but not all of the Public Shareholders (as defined below), the Acquirer shall have the option to make payment to such Public Shareholders in respect of whom no statutory approvals or other approvals are required in order to complete this Open Offer. 5. Regulation 167(2) of SEBI ICDR Regulations, 2018 provides that the specified securities allotted on a preferential basis to persons other than the promoters and promoter group and the equity shares allotted pursuant to exercise of options attached to warrants issued on preferential basis to such persons shall be locked-in for a period of six months from the date of trading approval. Hence, shares held by persons other than the promoters during the open offer period which are under lock-in, are not permitted to be tendered in the open offer in accordance with regulation 167(2) of SEBI ICDR Regulations and if tendered, shall not be accepted in the open offer. 6. Under Regulation 18(4) of the SEBI (SAST) Regulations, the Acquirers are permitted to revise the Offer Price (as defined below) at any time prior to the commencement of the last 1 (One) Working Day (as defined below) before the commencement of the Tendering Period (as defined below). In the event of such revision, in terms of Regulation 18(5) of the SEBI (SAST) Regulations, the Acquirers shall: (i) make corresponding increase to the escrow account, (ii) make a public announcement in the same newspapers in which the DPS (as defined below) was published, and (iii) simultaneously notify SEBI (as defined below), Stock Exchange (as defined below) and the Target Company at its registered office. Such revision would be done in compliance with other requirements prescribed under the SEBI (SAST) Regulations. The same price shall be payable by the Acquirers for all the Equity Shares tendered anytime during the Open Offer. 7. This Open Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. 8. There has been no competing offer as on the date of this LOF. 9. A copy of Public Announcement (as defined below) and Detailed Public Statement (as defined below), DLOF, corrigendum, if any and LOF (including Form of Acceptance) shall be available on the website of Securities and Exchange Board of India (“SEBI”) i.e. www.sebi.gov.in and on the website of Manager to the Offer i.e. https://www.vivro.net/ All future correspondence, if any, should be addressed to the Manager to the Offer/ Registrar to the Offer at the address mentioned below: MANAGER TO THE OFFER REGISTRAR TO THE OFFER Vivro Financial Services Private Limited Purva Sharegistry (I) Private Limited Vivro House, 11 Shashi Colony, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad – Address: Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, J. R. Boricha 380007. Gujarat. India. Marg, Lower Parel East, Mumbai – 400011, Maharashtra, India. CIN: U67120GJ1996PTC029182 CIN: U67120MH1993PTC074079 Tel. No.: +91 79- 4040 4242 Tel No.: +91 022-31998810 / 49614132 Website: www.vivro.net Website: www.purvashare.com SEBI Reg. No.: MB/INM000010122 SEBI Reg. No.: INR000001112 Email: investors@vivro.net Email: support@purvashare.com Contact Person: Shivam Patel Contact Person: Ms. Deepali Gaonkar OFFER OPENS ON: Wednesday, July 1, 2026 OFFER CLOSES ON: Tuesday, July 14, 2026 TENTATIVE SCHEDULE OF MAJOR ACTIVITIES OF THE OPEN OFFER The schedule of major activities under the Offer is set out below: Activity Day and Date* Revised Day and Date Issue of Public Announcement Monday, March 16, 2026 Monday, March 16, 2026 Publication of the DPS in newspapers Tuesday, March 24, 2026 Tuesday, March 24, 2026 Last Date of filing of Draft Letter of Offer with SEBI Thursday, April 2, 2026 Thursday, April 2, 2026 Last date for Public Announcement for competing Monday, April 20, 2026 Monday, April 20, 2026 offer Last date for receipt of comments from SEBI on the draft letter of offer (in the event SEBI has not sought Monday, April 27, 2026 Friday, June 12, 2026 clarification or additional information from the Manager to the Offer) Identified Date* Wednesday, April 29, 2026 Tuesday, June 16, 2026 Last date for dispatch of the Letter of Offer to the Thursday, May 7, 2026 Tuesday, June 23, 2026 Public Shareholders Last date by which a committee of independent directors of the Target Company is required to give its Monday, May 11, 2026 Thursday, June 25, 2026 recommendation to the Public Shareholders of the Target Company for this Offer Last date for upward revision of the Offer Price and/or Tuesday, May 12, 2026 Monday, June 29, 2026 the Offer Size Date of publication of opening of Open Offer public announcement in the newspaper in which DPS has Wednesday, May 13, 2026 Tuesday, June 30, 2026 been published D [Showing first 8,000 characters — download PDF for full document]