Vivro Financial Services Private Limited ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement in accordance with Regulation 18(12) of the Securities Exchange ....

POST OFFER ADVERTISEMENT IN ACCORDANCE WITH REGULATION 18(12) OF THE SECURITIES EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED, (“SEBI (SAST) REGULATIONS”) WITH RESPECT TO THE OPEN OFFER TO THE PUBLIC SHAREHOLDERS OF LIPPI SYSTEMS LIMITED Registered Office: 601 & 602, 6th Floor, Shaligram Corporates, Nr. Dishman House, Iscon-Ambli Road, Ahmedabad, 380058 Gujarat, India. | CIN: L22100GJ1993PLC020382 | Tel. No: 079-35335608/35219264 | Email: cs@lippisystems.com | Website: www.lippisystems.com OPEN OFFER FOR THE ACQUISITION OF UP TO 33,82,231 (THIRTY THREE LAKH EIGHTY TWO THOUSAND TWO HUNDRED THIRTY ONE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ?10/- (RUPEES TEN ONLY) EACH (“EQUITY SHARES”) REPRESENTING THE ENTIRE PUBLIC SHAREHOLDING CONSTITUTING 25.05% OF THE EXPANDED SHARE CAPITAL OF LIPPI SYSTEMS LIMITED (“TARGET COMPANY”) FROM THE PUBLIC SHAREHOLDERS BY VINESH SHIVJI DHOLU (“ACQUIRER 1”), JAGDISH SHIVJI DHOLU (“ACQUIRER 2”), SHIVJI KARAMSHI DHOLU (“ACQUIRER 3”), JAGRUTI VINESH DHOLU (“ACQUIRER 4”), PARUL JAGDISH DHOLU (“ACQUIRER 5”) (ACQUIRER 1, ACQUIRER 2, ACQUIRER 3, ACQUIRER 4 AND ACQUIRER 5 ARE COLLECTIVELY REFERRED AS “ACQUIRERS”) PURSUANT TO AND IN COMPLIANCE WITH REGULATION 3(1) AND 4 READ WITH OTHER APPLICABLE PROVISIONS OF SEBI (SAST) REGULATIONS (“OPEN OFFER” OR “OFFER”). This Post Offer Advertisement (“Post Offer Advertisement”) is being issued by Vivro Financial Services Private Limited, (“Manager to the Offer”), for and on behalf of the Acquirers pursuant to Regulation 18(12) of the SEBI (SAST) Regulations. The Detailed Public Statement (“DPS”) with respect to the aforementioned offer was published on May 25, 2026, in the Financial Express (English) (All Editions), Jansatta (Hindi) (All Editions), Navshakti (Marathi) (Mumbai Edition) and Financial Express (Regional) (Ahmedabad Edition) (“Newspapers”). The post-offer advertisement shall be read in continuation of and in conjunction with: a) The public announcement dated May 18, 2026 (“Public Announcement” or “PA”); b) The detailed public statement dated May 23, 2026 and published in newspapers on May 25, 2026 on behalf of the Acquirers in the Newspapers. c) The letter of offer dated July 08, 2026 (“Letter of Offer” or “LoF”); and d) The pre-offer advertisement cum corrigendum dated July 16, 2026, which was published on July 17, 2026, in Newspapers. This Post-Offer Advertisement is being published in all such Newspapers in which the DPS was published. Capitalized terms used but not defined in this Post Offer Advertisement shall have the same meanings assigned to such terms in the Letter of Offer. The Public Shareholders of the Target Company are requested to kindly note the following information with respect to the Open Offer: Sr. Particulars Details 1 Name of the Target Company: Lippi Systems Limited Vinesh Shivji Dholu (“Acquirer 1”), Jagdish Shivji Dholu (“Acquirer 2”), 2 Name of the Acquirers / PAC: Shivji Karamshi Dholu (“Acquirer 3”), Jagruti Vinesh Dholu (“Acquirer 4”), and Parul Jagdish Dholu (“Acquirer 5”). 3 Name of the Manager to the Offer: Vivro Financial Services Private Limited 4 Name of the Registrar to the Offer: Cameo Corporate Services Limited Offer Details 5 a. Date of Opening of the Offer: Monday, July 20, 2026 b. Date of Closure of the Offer: Friday, July 31, 2026 6 Date of Payment of Consideration: Monday, August 10, 2026 7 Details of the Acquisition Proposed in the Offer Sr Particulars Document (Assuming full Actual acceptance in the Offer) 7.1 Offer Price ?56.84/- ?56.84/- 7.2 Aggregate number of Equity Shares tendered 33,82,231 1,000 7.3 Aggregate number of Equity Shares accepted 33,82,231 1,000 Size of the Offer (Number of Equity Shares multiplied by 7.4 ? 19,22,46,010.04/- ? 56,840/- Offer Price per Equity Share) Shareholding of the Acquirers before Agreements / Public Announcement • Number of Equity Shares a. Acquirer 1 Nil Nil b. Acquirer 2 Nil Nil c. Acquirer 3 Nil Nil d. Acquirer 4 Nil Nil e. Acquirer 5 Nil Nil Sub-total Nil Nil • % of Expanded Share Capital a. Acquirer 1 0.00 0.00 b. Acquirer 2 0.00 0.00 c. Acquirer 3 0.00 0.00 d. Acquirer 4 0.00 0.00 e. Acquirer 5 0.00 0.00 Sub-total 0.00 0.00 Shares to be purchased by way of Share Purchase Agreement dated May 18, 2026 and Warrants subscribed by way of Share Subscription agreement.(1) • Number a) Acquirer 1 30,20,391 30,20,391 b) Acquirer 2 30,20,391 30,20,391 c) Acquirer 3 10,06,797 10,06,797 d) Acquirer 4 15,10,195 15,10,195 e) Acquirer 5 15,10,195 15,10,195 Sub-total 1,00,67,969 1,00,67,969 • % of Expanded Share Capital a) Acquirer 1 22.37 22.37 b) Acquirer 2 22.37 22.37 c) Acquirer 3 7.45 7.45 d) Acquirer 4 11.19 11.19 e) Acquirer 5 11.19 11.19 Sub-total 74.57 74.57 Equity Shares Acquired by way of Open Offer • Number of Equity Shares acquired a) Acquirer 1 10,14,669 500 b) Acquirer 2 10,14,669 500 c) Acquirer 3 3,38,223 Nil d) Acquirer 4 5,07,335 Nil e) Acquirer 5 5,07,335 Nil Sub-total 33,82,231 1,000 • % of Expanded Share Capital a) Acquirer 1 7.52 0.04 b) Acquirer 2 7.52 0.04 c) Acquirer 3 2.51 0.00 d) Acquirer 4 3.76 0.00 e) Acquirer 5 3.76 0.00 Sub-total 25.05 0.00 Shares acquired after Detailed Public Statement • Number of shares acquired Nil Nil • Price of the shares acquired Nil Nil • % of Fully Diluted Equity Share Capital Nil Nil Post offer shareholding of Acquirers • Number of Equity Shares a. Acquirer 1 40,35,060 30,20,891 b. Acquirer 2 40,35,060 30,20,891 c. Acquirer 3 13,45,020 10,06,797 d. Acquirer 4 20,17,530 15,10,195 e. Acquirer 5 20,17,530 15,10,195 Sub-Total 1,34,50,200 1,00,68,969 • % of Expanded Share Capital a. Acquirer 1 29.89 22.38 b. Acquirer 2 29.89 22.38 c. Acquirer 3 9.96 7.45 d. Acquirer 4 14.94 11.19 e. Acquirer 5 14.94 11.19 Sub-total 99.63 74.58 Pre & Post offer shareholding of the Public Pre-Offer Post-Offer Pre-Offer Post-Offer 7.10 • Number 33,82,231 0.00 33,82,231 33,81,231(2) • % of Fully Diluted Equity Share Capital 25.05 0.00 25.05 25.05 (2) 1. Expanded Share Capital means 1,35,00,000 Equity Shares, comprising 70,00,000 existing Equity Shares and 65,00,000 Equity Shares underlying the Warrants issued pursuant to the Preferential Issue. The Underlying Transaction contemplated under Share Subscription Agreement shall be consummated post receipt of BSE approval for the proposed Preferential Issue for consideration by way of cash. 2. Pursuant to the consummation of SPA, the Sellers and other members of the Promoter Group holding 49800 Equity Shares, shall cease to be in control of the Target Company and will be reclassified from "promoter to "public" in accordance with the SEBI (LODR) Regulations. 8. The Acquirers severally and jointly accept full responsibility for the information contained in this Post Offer Advertisement and also for obligations under the SEBI (SAST) Regulations. 9. A copy of this Post Offer Advertisement will be available on the websites of SEBI at www.sebi.gov.in, BSE Limited at www.bseindia.com and Manager to the Offer at www.vivro.net ISSUED BY MANAGER TO THE OFFER ON BEHALF OF THE ACQUIRERS: VIVRO FINANCIAL SERVICES PRIVATE LIMITED Vivro House, 11 Shashi Colony, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad - 380007. Gujarat. India. CIN: U67120GJ1996PTC029182; Tel No.: 079- 4040 4242; Email: investors@vivro.net; Website: www.vivro.net SEBI Registration No.: MB/INM000010122 Contact Person: Shivam Patel Sd/- Sd/- Sd/- Sd/- Sd/- Vinesh Shivji Dholu Jagdish Shivji Dholu Shivji Karamshi Dholu Jagruti Vinesh Dholu Parul Jagdish Dholu Acquirer-1 Acquirer -2 Acquirer -3 Acquirer -4 Acquirer -5 Date: August 14, 2026 Place: Ahmedabad marathi.freepressjournal.in H$ãOm gyMZm noJmgg A°goQ>g² [aH$ÝñQ´>³eZ àm¶ìhoQ> {b{‘Q>oS> POST OFFER ADVERTISEMENT IN ACCORDANCE WITH REGULATION 18(12) OF THE SECURITIES EXCHANGE BOARD OF H$m°nm}aoQ> H$m¶m©b¶: 55-56, 5 dm ‘Obm, ’«$s àog hmD$g, Z[a‘Z nm°BªQ>, ‘w§~B©-400 021. INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED [Showing first 8,000 characters — download PDF for full document]