Sumedha Fiscal Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Public Announcement dated November 02, 2026 for the attention of the Public Shareholders of AI Champdany Industries Ltd ("Target Company").

Sumedha Fiscal Services Ltd. CIN: L70101WB1989PLC047465 Registered & Corporate Office: 8B Middleton Street, 6A Geetanjali, Kolkata – 700071 Tel. : + 91 33 2229 6758 / 6813 5900 E-mail: takeover_mb@sumedhafiscal.com Website: www.sumedhafiscal.com Date: November 07, 2026 BSE Limited, PJ. Towers, Dalal Street, Fort, Mumbai - 400001, Maharashtra, India Submission of Corrigendum to Public Announcement dated November 02, 2026 in respect of the Subject : Open Offer to the Public Shareholders of AI Champdany Industries Limited Open Offer for acquisition of up to 79,95,997^ (Seventy Nine Lakhs Ninety Five Thousand Nine Hundred Ninety Seven) fully paid up Equity Shares of face value of ₹ 5/- (Indian Rupees Five Only) each (“Offer Shares”) of AI Champdany Industries Limited (“Target Company”) from Public Shareholders (as defined below) representing 26%* of the Equity share capital and 24.64%* of the Equity and Voting Share Capital (as defined below) of the Target Company by M/s. Gunny Dealers Limited (hereinafter referred to as “Acquirer 1”) and M/s. G Jerambhai Exports Limited (hereinafter referred to as “Acquirer 2”) hereinafter collectively referred to as “Acquirers” and Mr. Nirmal Pujara$ (hereinafter referred to as PAC 1), Ms. Jyoti Bhushan Wadhwa (hereinafter referred to as “PAC 2”), Gojer Bros Private Limited (hereinafter referred to as PAC 3), Libra Transport Limited (hereinafter referred to as PAC 4), Cooper Housing Estate Private Limited (hereinafter referred to as PAC 5), Shibir India Limited (hereinafter Reference : referred to as PAC 6), Amar Investments Limited (hereinafter referred to as PAC 7), Rishra Investments Limited (hereinafter referred to as PAC 8), Mcgregor and Balfour (India) Limited (hereinafter referred to as PAC 9), Coopers Capital Markets Limited (hereinafter referred to as PAC 10), Coopers Wealth Advisors Limited (hereinafter referred to as PAC 11), National Electronics Private Limited (hereinafter referred to as PAC 12), M/s Damodardas Jerambhai Wadhwa Trustee of Nabadeva Kuldeva (hereinafter referred to as PAC 13), M/s Damodardas Jerambhai Wadhwa Trustee of VB Seva Trust (hereinafter referred to as PAC 14), M/s Damodardas Jerambhai Wadhwa Trustee of Mahabir Sitaram (hereinafter referred to as PAC 15) and M/s Damodardas Jerambhai Wadhwa Trustee of Kalishankar Radheshyam (hereinafter referred to as PAC 16) pursuant to and in compliance with Regulations 3(2) read with 13(1), 14 and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the “SEBI (SAST) Regulations” and reference to a particular “Regulation” shall mean the particular regulation of the SEBI (SAST) Regulations (the “Offer” or “Open Offer”). Dear Sir/ Madam, We, Sumedha Fiscal Services Limited, are the Manager to the Offer (“Manager”) in respect of the Open Offer announced by Gunny Dealers Limited (“Acquirer 1”) and G Jerambhai Exports Limited (“Acquirer 2”), collectively referred to as the “Acquirers”, for the acquisition of up to 79,95,997 Equity Shares, representing 26% of the Equity Share Capital and 24.64% of Equity and Voting Share Capital of AI Champdany Industries Limited (“Target Company”), from its Public Shareholders, pursuant to the provisions of Regulation 3(2) and other applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”). In this regard, we wish to inform you that the Share Purchase Agreement dated November 02, 2026, entered into between Acquirer 1 and Blancatex AG has been cancelled. However, the Share Purchase Agreement dated November 02, 2026, entered into between Acquirer 2 and Jayshree Wadhwa shall continue to remain valid and shall be executed in accordance with its original terms and conditions, as disclosed in the Public Announcement. It is pertinent to clarify that notwithstanding the cancellation of the aforesaid Share Purchase Agreement between Acquirer 1 and Blancatex AG, Acquirer 1 shall continue to remain an Acquirer for the purpose of the Open Offer, jointly with Acquirer 2. Both Acquirers shall continue to undertake and fulfil their respective obligations in relation to the Open Offer. Further, the Sumedha Fiscal Services Ltd. CIN: L70101WB1989PLC047465 Registered & Corporate Office: 8B Middleton Street, 6A Geetanjali, Kolkata – 700071 Tel. : + 91 33 2229 6758 / 6813 5900 E-mail: takeover_mb@sumedhafiscal.com Website: www.sumedhafiscal.com Escrow Account established for the purpose of the Open Offer, based on the documents furnished by the Acquirers, and the funds deposited therein by both the Acquirers shall continue to be maintained towards fulfilment of the Open Offer obligations. Accordingly, certain disclosures and particulars contained in the Public Announcement dated November 02, 2026, are required to be modified. In this regard, we hereby submit the enclosed Corrigendum to the Public Announcement for your kind consideration and records. We request you to kindly take the same on record. We trust that the above-mentioned information is in order and remain at your disposal should you require any further information. Thank you for your attention to this matter. Yours faithfully, For Sumedha Fiscal Services Limited Ajay K Laddha President- Investment Banking Encl.: As above CORRIGENDUM TO THE PUBLIC ANNOUNCEMENT DATED MONDAY, NOVEMEBR 02, 2026 FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF AI CHAMPDANY INDUSTRIES LIMITED Open Offer for acquisition of up to 79,95,997^ (Seventy Nine Lakhs Ninety Five Thousand Nine Hundred Ninety Seven) fully paid up Equity Shares of face value of ₹ 5/- (Indian Rupees Five Only) each (“Offer Shares”) of AI Champdany Industries Limited (“Target Company”) from Public Shareholders (as defined below) representing 26%* of the Equity share capital and 24.64%* of the Equity and Voting Share Capital (as defined below) of the Target Company by M/s. Gunny Dealers Limited (hereinafter referred to as “Acquirer 1”) and M/s. G Jerambhai Exports Limited (hereinafter referred to as “Acquirer 2”) hereinafter collectively referred to as “Acquirers” and Mr. Nirmal Pujara$ (hereinafter referred to as PAC 1), Ms. Jyoti Bhushan Wadhwa (hereinafter referred to as “PAC 2”), Gojer Bros Private Limited (hereinafter referred to as PAC 3), Libra Transport Limited (hereinafter referred to as PAC 4), Cooper Housing Estate Private Limited (hereinafter referred to as PAC 5), Shibir India Limited (hereinafter referred to as PAC 6), Amar Investments Limited (hereinafter referred to as PAC 7), Rishra Investments Limited (hereinafter referred to as PAC 8), Mcgregor and Balfour (India) Limited (hereinafter referred to as PAC 9), Coopers Capital Markets Limited (hereinafter referred to as PAC 10), Coopers Wealth Advisors Limited (hereinafter referred to as PAC 11), National Electronics Private Limited (hereinafter referred to as PAC 12), M/s Damodardas Jerambhai Wadhwa Trustee of Nabadeva Kuldeva (hereinafter referred to as PAC 13), M/s Damodardas Jerambhai Wadhwa Trustee of VB Seva Trust (hereinafter referred to as PAC 14), M/s Damodardas Jerambhai Wadhwa Trustee of Mahabir Sitaram (hereinafter referred to as PAC 15) and M/s Damodardas Jerambhai Wadhwa Trustee of Kalishankar Radheshyam (hereinafter referred to as PAC 16) pursuant to and in compliance with Regulations 3(2) read with 13(1), 14 and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the “SEBI (SAST) Regulations” and reference to a particular “Regulation” shall mean the particular regulation of the SEBI (SAST) Regulations (the “Offer” or “Open Offer”). * The Subscribed and paid share capital of the Target Company is ₹ 15,37,69,155 divided into 3,07,53,831 equity shares of the face value of ₹ 5/- each and 2% of the Non-Convertible Cumulative Preference shares consisting of 1,24,14,353 of the face value of ₹ 5 each, carrying voting rights due to [Showing first 8,000 characters — download PDF for full document]