Saffron Capital Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer ("LOF") for the attention of the Public Shareholders of Duke Offshore Ltd ("Target ....

Saffron Capital Advisors Private Limited 605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai - 400059 Tel.: +91-22-49730394 Email: openoffers@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711 July 29, 2026 Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 Scrip Code: 531471 Dear Sir/Madam, Subject: Open Offer by Aspect Global Ventures Private Limited ("Acquirer"), to acquire up to 25,62,872 (Twenty Five Lakh Sixty Two Thousand Eight Hundred and Seventy Two) fully paid-up Equity Shares of face value of ₹ 10/- (Rupees Ten only) each for cash at a price of ₹ 30/- (Rupees Thirty only) per Equity Shares aggregating up to ₹ 7,68,86,160/- (Rupees Seven Crore Sixty Eight Lakhs Eighty Six Thousand One Hundred Sixty only), representing 26% (Twenty Six Percent) of the Voting Share Capital of the Target Company, to the Public Shareholders of Duke Offshore Limited (“Target Company”) pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations, 2011”) (“Offer” Or “Open Offer”). We have been appointed as ‘Manager’ to the captioned Open Offer by the Acquirers in terms of regulation 12(1) of the SEBI (SAST) Regulations, 2011. In this regard, we are enclosing the following for your kind reference and records: 1. A copy of Letter of Offer dated July 28, 2026 (“LOF”). We request you to kindly consider the attachments as good compliance and disseminate it on your website. In case of any clarification required, please contact the person as mentioned below: Contact Person Designation Contact Number E-mail Id Pooja Jain Senior Manager Pooja@saffronadvisor.com Shivam Sharma Assistant Manager +91-22-49730394 shivam@saffronadvisor.com For Saffron Capital Advisors Private Limited Pooja Jain Senior Manager Equity Capital Markets Encl: As Above SEBI Registration No: INM000011211 LETTER OF OFFER (“LOF”) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a Public Shareholder (as defined below) of Duke Offshore Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or an investment consultant or the Manager to the Open Offer (as defined below) or the Registrar to the Open Offer (as defined below). In the event you have recently sold your Equity Shares (as defined below) in the Target Company, please hand over the Letter of Offer (as defined below and the accompanying Form of Acceptance cum Acknowledgement to the purchaser of the Equity Shares or the Member of the Stock Exchange through whom the said sale was effected. OPEN OFFER (“OPEN OFFER”/ “OFFER”) BY ASPECT GLOBAL VENTURES PRIVATE LIMITED (“Acquirer”) A private limited company incorporated under the Companies Act, 2013 Registered Office Address: 4th, 5th Floor, Mansionz One, Linking Road, SV Road, Bandra West, Mumbai – 400050, Maharashtra, India; Corporate Identification Number: U52231MH2017PTC301477; Tel. No.: +91-9321566666; Email: aspectglobalventures@aspect.global; To the Eligible Shareholder(s) of DUKE OFFSHORE LIMITED (“Target Company”) Registered Office Address: 403-Urvashi HSG Society Ltd, Off Sayani Road, Prabhadevi, 400025, Mumbai, Maharashtra, India; Corporate Identification Number: L45209MH1985PLC038300; Tel. No.: 91 – 22-24221225/ 24389720/ 24365789; Email: info@dukeoffshore.com; Website: www.dukeoffshore.com; to acquire up to 25,62,872 (Twenty-Five Lakh Sixty-Two Thousand Eight Hundred and Seventy-Two) fully paid up Equity Shares of face value of ₹ 10/- each (“Offer Shares”) representing 26% (Twenty Six Percent) of the Voting Share Capital (defined below) of the Target Company, for cash at a price of ₹ 30 (Rupees Thirty only) per equity share (“Offer Price”). Please Note: 1. This Offer is being made by the Acquirer pursuant to and in compliance with Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011”) for substantial acquisition of shares and voting rights accompanied with change in control. 2. This Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19 of the SEBI (SAST) Regulations, 2011. 3. This Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations, 2011. 4. As per the information available with the Acquirer and the Target Company, there has been no competing offer as on the date of this Letter of Offer. The last date for making such competing offer has expired. 5. As on the date of this Letter of Offer, there are no statutory approvals required by the Acquirer to complete the underlying transaction and this Open Offer. In case any statutory approvals are required or become applicable at a later date before the closure of the Tendering Period, this Open Offer shall be subject to the receipt of such statutory approvals. 6. As on date of this Letter of Offer, the marketable lot of the Equity Shares of the Target Company is 1 (One). 7. In terms of Regulation 23 of the SEBI (SAST) Regulations, 2011, in the event that the approvals specified in Section IX (B) (Statutory and Other Approvals) of this LOF or those which become applicable prior to completion of the Open Offer are not received, for reasons outside the reasonable control of the Acquirer, then the Acquirer shall have the right to withdraw the Open Offer. The following conditions under which the Acquirer can withdraw the Open Offer, as provided in Regulation 23(1) of the SEBI (SAST) Regulations, 2011, are: i. statutory approvals required for the Open Offer or for effecting the acquisitions attracting the obligation to make an Open Offer under these regulations having been finally refused, subject to such requirements for approval having been specifically disclosed in the detailed public statement and the letter of offer; ii. the Acquirer, being a natural person, has died; iii. any condition stipulated in the agreement for acquisition attracting the obligation to make the Open Offer is not met for reasons outside the reasonable control of the Acquirer, and such agreement is rescinded, subject to such conditions having been specifically disclosed in the detailed public statement and the letter of offer, provided that Acquirer shall not withdraw the Open Offer pursuant to a public announcement made under clause (g) of sub- regulation (2) of regulation 13, even if the proposed acquisition through the preferential issue is not successful; or iv. such circumstances as in the opinion of the Board, merit withdrawal. In the event of such a withdrawal of the Open Offer, a public announcement will be made within 2 (Two) Working Days of such withdrawal, in the same newspapers in which the detailed public statement has been published, and such public announcement will be sent to BSE, SEBI and the Target Company at its registered office. 8. Where any statutory or other approval extends to some but not all of the Public Shareholders, the Acquirer shall have the option to make payment to such Public Shareholders in respect of whom no statutory or other approvals are required in order to complete this Open Offer. 9. In the event that the number of Equity Shares validly tendered by the Public Shareholders under this Open Offer is more than the number of Offer Shares, the Acquirer shall accept those Equity Shares validly tendered by the Shareholders on a proportionate basis in consultation with the Manager to the Open Offer. 10. The Acquirer reserves the right to revise the Offer Price and/or the Offer Size upwards at any time prior to the commencement of the last 1 (One) Working Day before the commencement of the Tendering Period (as defined below) in accordance with Regulation 18(4 [Showing first 8,000 characters — download PDF for full document]