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

November 07, 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 Corrigendum Dear Sir/Madam, We are enclosing herewith a copy of the Corrigendum 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”) and Pre Offer Public Announcement 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 Corrigendum 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 CORRIGENDUM TO THE PRE OFFER PUBLIC ADVERTISEMENT WITH RESPECT TO THE OPEN OFFER TO THE PUBLIC SHAREHOLDERS OF KUBER UDYOG LIMITED Corporate Identification Number: L49220MH1982PLC371203 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 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 Pre Offer Public Advertisement ("Corrigendum 2") 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 Pre Offer Public Advertisement ("POPA") was released on October 27, 2026. This Corrigendum 2 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"); (c) Draft letter of offer dated August 21, 2026 ("DLOF"); (d) Letter of Offer dated October 17, 2026 ("LOF") (e) Corrigendum to DPS dated October 19, 2026 . Capitalised terms used but not defined in this Corrigendum 2 shall have the same meaning assigned to them in the LOF. The Public Shareholders are requested to note the following updates to the in relation to the Open Offer: 1. Statutory Approvals : The RBI vide its letter dated November 06, 2026 has accepted the voluntary application dated July 24, 2026 in relation to Cancellation of Certificate of Registration ("CoR") as NBFC. 2. Update on Preferential Issue The Public Shareholders are hereby informed that, pursuant to the outcome of the meeting of the Board of Directors of Target Company dated October 28, 2026, the Target Company has approved the following allotments: 1. A llotment of Equity Shares for Consideration Other Than Cash: 1.1 The Target Company has allotted 7,62,85,000 equity shares of face value `10 each at an issue price of `23.10 per equity share to Acquirers as mentioned below for consideration other than cash, towards the acquisition of 100% of the equity share capital of Golden Ikon Fleet Management Private Limited ("Golden Ikon"). 1.2 The following investors will be receiving the Equity shares (other than cash): Name of Investor No. of Equity Shares Manav Bahri (Acquirer 1) 3,81,42,500 Dinesh Popli (Acquirer 2) 1,90,71,250 Ajay Dutta (Acquirer 3) 1,90,71,250 Total 7,62,85,000 1.3 Upon completion of the acquisition, Golden Ikon is to become a wholly owned subsidiary of the Target Company. 2. Preferential Allotment of Equity Shares for Cash Consideration: 2.1 The Target Company has allotted 3,95,50,000 equity shares of face value ` 10 each at an issue price of `23.10 per equity share on a preferential basis to persons other than the promoters (Acquirers and PACs), in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. 3. Preferential Allotment of Convertible Equity Warrants: 3.1 The Target Company has also allotted 37,00,000 fully convertible equity warrants on a preferential basis at an issue price of `23.10 per warrant to persons other than the promoters. Each warrant is convertible into one fully paid-up equity share of face value `10 each, at a premium of `13.10 per equity share, within a period of 18 months from the date of allotment, in accordance with the applicable regulatory framework and the terms of the warrants. 3.2 The following investors will be receiving the Convertible Warrants (Cash): Name of Investor No. of Convertible Warrants Manav Bahri (Acquirer 1) 4,50,000 Dinesh Popli (Acquirer 2) 2,25,000 Ajay Dutta (Acquirer 3) 2,25,000 Trimudra Trade and Holdings Pvt Limited (PAC 1) 3,00,000 Public 25,00,000 Total 37,00,000 3.3 Each Warrant is convertible into 1 Equity Share and the conversion can be exercised at any time within a period of 18 months from the date of allotment, in one or more tranches, as the case may be and on such other terms and conditions as applicable. The aforesaid allotments were approved by the Board of Directors of the Target Company at its meeting held on October 28, 2026. The credit of aforesaid securities are subject to receipt of listing and trading approval from the BSE. Except as detailed in this Corrigendum, all other terms and contents of the Detailed Public Statement, Draft Letter of Offer, Letter of Offer and POPA remain unchanged. The Acquirers and the PACs accept full responsibility for the information contained in this Corrigendum and shall be jointly and severally responsible for the fulfillment of obligations under the SEBI (SAST) Regulations in respect of the Open Offer. This Corrigendum will be available on the website of the Securities and Exchange Board of India at (www.sebi.gov.in) and BSE (www.bseindia.com). For further details, please refer to the Letter of Offer. ISSUED BY MANAGER TO THE OFFER ON BEHALF [Showing first 8,000 characters — download PDF for full document]