Systematix Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13, 14 and 15(1) of the ....

August 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 Public Announcement Dear Sir/Madam, 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 ("Person Acting in Concert" or "PAC"), have announced an Open 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 from the Public Shareholders of Kuber Udyog Limited ("Target Company"), representing 26.00% of the Expanded Voting Share Capital of the Target Company, at an Offer Price of ₹23.35 per Equity Share, aggregating to total consideration of ₹ 74,65,38,728 (Rupees Seventy Four Crore Sixty Five Lakh Thirty Eight Thousand Seven Hundred and Twenty Eight Only) payable in cash ("Offer"). The Offer is being made pursuant to the execution of the Share Sale & Subscription Agreement dated August 7, 2026 and the proposed Preferential Issue, which will result in the Acquirers acquiring substantial shares, voting rights and control over the Target Company, thereby triggering the Open Offer under Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011. We are pleased to inform you that we have been appointed as the “Manager” to the captioned Offer and as required under Regulation 14(1) of the SEBI (SAST) Regulations, we are enclosing herewith a copy of public announcement dated August 07, 2026 (“the Public Announcement” or “the PA”) in relation to the Offer. We request you to take this PA on your records and disseminate the same 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 Public Announcement under Regulations 3(1) and 4 read with Regulations 13, 14 and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF KUBER UDYOG LIMITED KUBER UDYOG LIMITED Corporate Identification Number ( “CIN”): L51909MH1982PLC371203 Registered Office: Office No. 156,1st Floo r, Raghuleela Mega Mall, Kandivali (West), Mumbai 400 067, Maharashtra, India. Tel. No. +91 75063 24443; Email: kuberudyoglimited@gmail.com Web: 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 (as defined below), from the Public Shareholders (as defined below) of the Target Company 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 (“Person Acting in Concert” or "PAC"), pursuant to and in compliance with Regulations 3(1) and 4 read with Regulations 13(1), 14 and 15(1) and other applicable provisions of the SEBI (SAST) Regulations. This Public Announcement ("PA") is being issued by Systematix Corporate Services Limited, Manager to the Offer, for and on behalf of the Acquirers and the PAC to the Public Shareholders of the Target Company pursuant to and in compliance with the SEBI (SAST) Regulations. The Open Offer is being made pursuant to the execution of the Share Sale & Subscription Agreement dated August 7, 2026 ("SSSA"), whereby the Target Company proposes to acquire 100% of the issued, subscribed and paid-up equity share capital of Golden Ikon Fleet Management Private Limited ("Golden Ikon"). The Acquirers, being the existing promoters and shareholders of Golden Ikon, shall transfer their entire shareholding in Golden Ikon to the Target Company pursuant to the SSSA. In consideration for such acquisition, the Target Company shall issue and allot Equity Shares to the Acquirers as consideration, otherwise than for cash, subject to receipt of the requisite corporate, statutory and regulatory approvals. Upon completion of the transactions contemplated under the SSSA, the Acquirers shall acquire substantial shares and voting rights in, and control over, the Target Company, thereby triggering this Open Offer under Regulations 3(1) and 4 of the SEBI (SAST) Regulations. The Open Offer is being made by the Acquirers together with Trimudra Trade & Holdings Private Limited, being the Person Acting in Concert with the Acquirers, in accordance with the SEBI (SAST) Regulations. 1. Definitions i. "Acquirer 1" means Mr. Manav Bahri. ii. "Acquirer 2" means Mr. Dinesh Popli. iii. "Acquirer 3" means Mr. Ajay Dutta. iv. "Acquirers" collectively mean Mr. Manav Bahri, Mr. Dinesh Popli and Mr. Ajay Dutta. v. "Board" means the Board of Directors of the Target Company. vi. "BSE" means BSE Limited. 1 | P a ge vii. "DPS" means the Detailed Public Statement to be issued by the Manager to the Offer on behalf of the Acquirers and the PAC in accordance with the SEBI (SAST) Regulations. viii. "Equity Shares" means the fully paid-up equity shares of face value of ₹ 10 each of the Target Company. ix. "Expanded Voting Share Capital" means the total voting equity share capital of the Target Company on a fully diluted basis as on the 10th (Tenth) Working Day from the closure of the Tendering Period of the Open Offer, including the Equity Shares proposed to be issued pursuant to the Preferential Issue including Equity Shares to be issued pursuant to the SSSA. In the instant case, the Diluted Share and Voting Capital of the Target Company are Rs. 1,22,96,80,000 divided into 12,29,68,000 Equity Shares including 11,92,68,000 Equity Shares and 37,00,000 Convertible Warrants (“Warrants”) and each Warrant is convertible into one Equity Share of the Target Company. x. "Golden Ikon" means Golden Ikon Fleet Management Private Limited, a company incorporated under the Companies Act, 1956. xi. "Letter of Offer" or "LOF" means the Letter of Offer to be dispatched to the Public Shareholders in accordance with the SEBI (SAST) Regulations. xii. "Manager to the Offer" means Systematix Corporate Services Limited, the Manager to the Open Offer. xiii. "Offer" or "Open Offer" means the mandatory open offer being made by the Acquirers together with the PAC to the Public Shareholders of the Target Company pursuant to Regulations 3(1) and 4 and other applicable provisions of the SEBI (SAST) Regulations. xiv. "Offer Shares" means upto 3,19,71,680 (Three Crore Nineteen Lakh Seventy-One Thousand Six Hundred and Eighty fully paid-up Equity Shares representing 26% of the Expanded Voting Share Capital of the Target Company proposed to be acquired under the Open Offer. xv. "PAC" means Trimudra Trade & Holdings Private Limited, being the Person Acting in Concert with the Acquirers. xvi. "PA" or "Public Announcement" means this Public Announcement issued in accordance with Regulations 13, 14 and 15 of th [Showing first 8,000 characters — download PDF for full document]