VC Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Kkalpana Plastick Ltd ("Target Company").

DRAFT LETTER OF OFFER “This Document is important and requires your immediate attention” This Draft Letter of Offer (“DLOF”) is sent to you as a public shareholder(s) of KKALPANA PLASTICK LIMITED. If you require any clarifications about the action to be taken, you may consult your Stock Broker or Investment Consultant or Manager/Registrar to the Offer. In case you have recently sold your equity shares of the Target Company, please hand over this Draft Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement and Transfer Deed to the Member of Stock Exchange through whom the said sale was affected. OPEN OFFER BY MR. ASHISH BEGWANI (“ACQUIRER”) B-54, Paschimi Marg, Vasant Vihar-1, Delhi – 110 057, Phone. No.: +91 9810058332, Email: ashishbegwani@gmail.com TO THE PUBLIC SHAREHOLDERS OF KKALPANA PLASTICK LIMITED (“KPL”/ “Target Company”) Registered Office: 12, Dr. U. N. Brahmachari Street, Maruti Building, 5th Floor, Flat No. 5F, Kolkata- 700 017, CIN: L25200WB1989PLC047702, Tel. No.: 033-4003 0674, Email: kolkata@kkalpanaplastick.co.in, Website: www.kkalpanaplastick.com For the acquisition of upto 14,37,420 (Fourteen Lakhs Thirty-Seven Thousand Four Hundred and Twenty) fully paid-up equity shares of the Target Company of face value of Rs. 10/- each, representing 26.00% of the total paid-up equity and voting share capital of the Target Company at a price of Rs. 28/- (Rupees Twenty-Eight Only) per equity share (“Offer Price”) payable in cash (“Open Offer”/ “Offer”) pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended [“SEBI (SAST) Regulations”]. Please Note: 1. This Open Offer is being made by the Acquirer pursuant to Regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto [“SEBI (SAST) Regulations”] for substantial acquisition of shares/ voting rights accompanied with change in control and management of the Target Company. 2. Other than the statutory and other approvals as stated in Para 7.10 of this Draft Letter of Offer, there are no statutory approval(s) required to acquire Equity Shares that are tendered pursuant to this Offer. However, if any other statutory or governmental approval(s) are required or become applicable at a later date before closure of the Tendering Period, this Offer shall be subject to such statutory approvals and the Acquirer shall make the necessary applications for such statutory approvals and this Offer would also be subject to such other statutory or other governmental approval(s). 3. If there is any upward revision in the Offer Price/Offer Size at any time prior to the commencement of the last one (1) working day before the date of commencement of the tendering period or in the case of withdrawal of offer pursuant to Regulation 23 of the SEBI (SAST) Regulations, the same would be informed within two (2) working days by way of the Public Announcement in the same newspapers in which the original Detailed Public Statement dated July 14, 2026 in relation to this Offer had appeared. Such revision in the Offer Price would be payable for all the shares validly tendered anytime during the period that the offer is open and accepted under the Offer. 4. If there is a competitive bid:  The Public Offer under all subsisting bids shall open and close on the same date.  As per the information available with the Acquirer, no competitive bid has been announced as on the date of this DLOF. 5. Shareholders, who have accepted the Offer by tendering the requisite documents in terms of the Public Announcement/ Detailed Public Statement/ Draft Letter of Offer, shall not be entitled to withdraw such acceptance during the tendering period. 6. This Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19(1) of the SEBI (SAST) Regulations. 7. The marketable lot for the equity shares of the Target Company is 1 (One) equity share. 8. There is no differential pricing in this Offer. 9. The Procedure for acceptance and settlement of the Offer is set out in Para 8 of this Draft Letter of Offer. A Form of Acceptance cum Acknowledgement is enclosed with this Draft Letter of Offer. 10. The Copy of the Public Announcement, Detailed Public Statement and this Draft Letter of Offer (including Form of Acceptance-cum- Acknowledgement) would also be available at the websites of SEBI at www.sebi.gov.in and BSE Limited at www.bseindia.com and The Calcutta Stock Exchange Limited at www.cse-india.com. MANAGER TO THE OFFER: REGISTRAR TO THE OFFER: VC Corporate Advisors Private Limited MUFG Intime India Private Limited SEBI REGN NO: INM000011096 (Formerly Link Intime India Private Limited) Validity of Registration: Permanent SEBI REGN. No.: INR000004058 CIN : U67120WB2005PTC106051 Validity of Registration: Permanent (Contact Person : Ms. Urvi Belani/ Mr. Premjeet CIN: U67190MH1999PTC118368 Singh) (Contact Person: Ms. Pradnya Karanjekar) 31, Ganesh Chandra Avenue, 2nd Floor, C–101, Embassy 247, L B S Marg, Suite No.– 2C, Kolkata- 700 013 Vikhroli (West), Mumbai 400083 Phone No.: (033) 2225 3940 Phone No.: +91 810 811 4949 Email: mail@vccorporate.com Email: kkalpanaplastick.offer@in.mpms.mufg.com Website: www.vccorporate.com Website: www.in.mpms.mufg.com TENDERING PERIOD OPENS ON: TENDERING PERIOD CLOSES ON: FRIDAY, AUGUST 28, 2026 THURSDAY, SEPTEMBER 10, 2026 SCHEDULE OF SOME OF THE MAJOR ACTIVITIES RELATING TO THE OFFER IS GIVEN BELOW: Activities Date# Day Public Announcement (PA) July 07, 2026 Tuesday Publication of Detailed Public Statement (DPS) in newspapers July 14, 2026 Tuesday Last date of Filing of the Draft Letter of Offer with the SEBI July 21, 2026 Tuesday Last date of a Competing Offer August 04, 2026 Tuesday Identified Date* August 13, 2026 Thursday Date by which the Letter of Offer will be dispatched to the shareholders August 20, 2026 Thursday Last date by which Board of the Target Company shall give its August 24, 2026 Monday recommendation Last date for upward revision of Offer Price and/or Offer Size August 25, 2026 Tuesday Advertisement of Schedule of Activities for Open Offer, status of statutory and other approvals in newspapers and sending the same to SEBI, Stock August 27, 2026 Thursday Exchange and Target Company Date of commencement of tendering period (Offer opening Date) August 28, 2026 Friday Date of closing of tendering period (Offer closing Date) September 10, 2026 Thursday Date by which communicating rejection / acceptance and payment of September 25, 2026 Friday consideration for applications accepted #The above timelines are indicative (prepared based on timelines provided under the SEBI (SAST) Regulations and are subject to receipt of statutory/ regulatory approvals and may have to be revised accordingly. To clarify, the actions set out above may be completed prior to their corresponding dates subject to compliance with the SEBI (SAST) Regulations. *Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom the Letter of Offer would be sent. All owners (registered or unregistered) of equity shares of the Target Company (except parties to Share Purchase Agreement) are eligible to participate in the Offer any time before the Closure of the Tendering Period. Risk Factors relating to the transaction, the proposed offer and probable risks involved in associating with the Acquirer: - The risk factors set forth below pertains to the underlying transaction, i.e. this Open Offer and are not intended to be a complete analysis of all risks in relation to this Open Offer or in association with the Acquirer or the Target Company, but are only indicative. The risk factors set forth below do not relate to the present or future business or operations of the Target Company and any other related matters. These are neither exhaustive nor intended to constitute a com [Showing first 8,000 characters — download PDF for full document]