Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Public Shareholders of Niraj Cement Structurals ....

Navigant NAVIGANT CORPORATE ADVISORS LIMITED Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road, Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078 Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304) Date: 23.06.2026 The Manager Dept. of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai - 400 001 Dear Sir, Sub: De d Public Statement to the shareholders of Niraj Cement Structurals Limited (BSE Code: We are pleased to inform that we have been appointed as ‘Manager to the Offer’ by Mr. Gulshankumar Vijaykumar Chopra (hereinafter referred to as "the Acquirer”) for acquiring up to 1,55,20,529 equity shares of Rs. 10/- each of Niraj Cement Structurals Limited (“Target Company”) representing 26.00% of the fully paid -up equity and voting share capital of the Target Company at a price of Rs. 29/- per Share fully paid-up Equity Share (‘Offer Price’), pursuant to an open offer made in accordance with Regulations 3(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “SEBI (SAST) Regulations”). As per Regulation 13 (4) & 14 (3) of SEBI (SAST) Regulations, 2011, the Detailed Public Statement (DPS) has been published on 23" June, 2026. A copy of the DPS is attached herewith for your reference and records. We are also submitting herewith a Soft Copy of the same in PDF format. You are requested to upload the same on your website. Thanks & Regards, For Navigant Corporate Advisors Limited Sarthak Vijlani Managing Director DETAILED PUBLIC STATEMENT FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS OF NIRAJ CEMENT STRUCTURALS LIMITED ("NIRAJ"/"TARGET COMPANY"/"TC") (Corporate Identification No.: L26940MH1998PLC114307) Registered Office: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, Pepsi Company, Off. Sion Trombay Road, Nr. R K Studio, D G Patil Road, Mumbai, Maharashtra- 400088, India; Phone No.: 022-66027100; Email id: info@niraj.co.in; cs@niraj.co.in; Website: www.niraj.co.in CASH OFFER FOR ACQUISITION OF EQUITY SHARES FROM SHAREHOLDERS OPEN OFFER FOR ACQUISITION OF UPTO 1,55,20,529 (ONE CRORE FIFTY-FIVE LACS TWENTY THOUSAND FIVE HUNDRED TWENTY-NINE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") CONSTITUTING 26.00% OF THE VOTING SHARE CAPITAL OF NIRAJ, FROM THE PUBLIC SHAREHOLDERS OF NIRAJ, BY GULSHANKUMAR VIJAYKUMAR CHOPRA (HEREINAFTER REFERRED TO AS THE "ACQUIRER") PURSUANT TO AND IN ACCORDANCE WITH REGULATION 3(1) READ WITH OTHER APPLICABLE PROVISIONS OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED ("SEBI (SAST) REGULATIONS") This detailed public statement (“DPS”) is being issued by M/s. Navigant Corporate Advisors Limited, the Manager Consolidated Financial Statements 4. In view of the parameters considered and presented in the table above and in the opinion of the Acquirer and Manager to (Rs. in Lacs, unless otherwise stated) to the Offer (“Manager”), for and on behalf of the Acquirer, in compliance with Regulation 13(4) and other applicable the Offer, the Offer Price of Rs. 29.00 (Rupees Twenty-Nine only) per Equity Share is justified in terms of Regulation Regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Particulars Year ended Year ended Year ended 8(2) of the SEBI (SAST) Regulations. Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011”), pursuant to the 31.03.2026 31.03.2025 31.03.2024 5. There have been no corporate actions in the Target Company warranting adjustment of relevant price parameters. Public Announcement (PA) filed on June 16, 2026 with the BSE Limited (“BSE”), National Stock Exchange of India (Audited) (Audited) (Audited) 6. In the event of any further acquisition of Equity Shares of the Target Company by Acquirer during the offer period, Limited (“NSE”), Securities and Exchange Board of India (“SEBI”) and Target Company, in terms of Regulation 3 (1) Total Revenue 55,664.43 51,347.06 47,860.45 whether by subscription or purchase, at a price higher than offer price, then offer price will be revised upwards to be read with regulation 15(1) and regulation 13 (1) of the SEBI (SAST) Regulations. Net Income i.e. Profit/(loss) after tax 2,114.17 1,508.17 972.28 equal to or more than the highest price paid for such acquisition in terms of Regulation 8(8) of the SEBI (SAST) Definitions: EPS 3.54 2.53 2.42 Regulations. However, it shall not be acquiring any equity shares of Target Company after the third working day prior to commencement of tendering period and until the expiry of tendering period. "Equity Shares" means the fully paid-up equity shares of the Target Company of face value of Rs.10/- (Rupees Ten Net worth /Shareholders’ Funds 26,592.07 24,322.48 15,245.99 7. If the Acquirer acquires any Equity Shares of the Target Company during the period of twenty-six weeks after the Only) Each. 12. As on the date of PA and DPS, the composition of Board of Directors of Target Company is as follows: closure of Tendering Period at a price higher than the Offer Price, then the Acquirer shall pay the difference between the “Fully Paid-up Equity Share Capital” means paid up share capital of the Target Company i.e., Rs. 59,69,43,400 Name Designation DIN Date of appointment in highest acquisition price and the Offer Price, to all shareholders whose Equity Shares have been accepted in this Offer divided into 5,96,94,340 Equity Shares of Rs. 10/- Each. Target Company within sixty days from the date of such acquisition. However, no such difference shall be paid in the event that such "Offer" or "Open Offer" means the open offer for acquisition of up to 1,55,20,529 (One Crore Fifty-Five Lacs Twenty acquisition is made under another open offer under the Takeover Regulations, or pursuant to SEBI (Delisting of Equity Vishram Pandurang Rudre Managing Director 08564350 13/02/2021 Thousand Five Hundred Twenty-Nine) Equity Shares, representing 26.00% of the Fully Paid-up Equity Share Capital. Shares) Regulations, 2021 or open market purchases made in the ordinary course on the stock exchanges, not being "Offer Price" means Rs. 29/- (Rupees Twenty Nine Only) Per Share. Sudhakar Balu Tandale Whole-time director 09083084 13/02/2021 negotiated acquisition of Equity Shares of the Target Company in any form. "Public Shareholders" means all the public shareholders of the Target Company who are eligible to tender their Dimple Deepak Geruja Independent Director 07797357 19/04/2017 8. As on date of this DPS, there is no revision in the Offer Price or Offer Size. In case of any revision in the Offer Price or Equity Shares in the Offer, other than the Acquirer, the Promoters and the Sellers. Ratan Umesh Sanil Independent Director 07785011 14/12/2017 Offer Size, the Acquirer will comply with all the provisions of the Regulation 18(5) of the Takeover Regulations which are required to be fulfilled for the said revision in the Offer Price or Offer Size. “SEBI” shall mean the Securities and Exchange Board of India. Partha Sarathi Raut Independent Director 08804981 02/07/2021 9. If there is any increase in the Offer price, on account of future purchases / competing offers, it will be done only up to the "SPA-1" has the meaning described to such term in Part II (Background of the Offer). Kavita Suresh Hindia Independent Director 09335908 25/08/2023 period prior to 3 working days before the date of commencement of the tendering period and would be notified to "SPA-2" has the meaning described to such term in Part II (Background of the Offer). (E) DETAILS OF THE OFFER: shareholders by way of another public announcement in the same newspapers where the DPS has appeared. "SPAs" or "Agreements" has the meaning described to such term in Part II (Background of the Offer). 1. The Acquirer has made the Offer in accordance with the [Showing first 8,000 characters — download PDF for full document]