Filing of Public announcement received by the Company from Acquirer Mrs Nandini Modi and Mr Kirit Modi in connection with open offer to the shareholders of The South India Paper Mills Limited ....

THE SOUTH INDIA PAPER MILLS LIMITED Regd. Office & Factory : Chikkayana Chatra, Nanjangud - 571 302, Karnataka State, India Corporate & Marketing Office : # 1205/ 1206, Prestige Meridian 11, M.G Road, Bangalore - 560 001, Ref: BSE/2026 19th Aug 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001 Dear Sir/Madam, Scrip Code : 516108 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is to inform you that we have received a copy of Public Announcement dated 18" August, 2026 in relation to the open offer to the Public Shareholders (as defined in the Public Announcement) of The South India Paper Mills Limited (“Target Company”) by Nandini Modi and Kirit Modi (Acquirers) together with Sachin Kirit Modi, Swapnil Kirit Modi, Riddhi Sachin Modi, Bhuvi Swapnil Modi, Rihaan Sachin Modi, Rigid Containers Pvt Ltd, Fortune Packaging LLP (PAC’S). The Acquirers are making an open offer to the Shareholders of the Target Company to acquire up to 48,75,000 (Forty Eight Lakh Seventy Five Thousand) fully paid-up equity shares with a face value of Rs 10 ( Rupees Ten) each, representing 26% of the Voting Share Capital (as defined in the Public Announcement) of the Target Company. Copy of the public announcement received from Manager to the open offer has been attached herewith for your reference. This is for your information and record. Thanking you, Yours faithfully ForT he Sputhngja Pap For The Sguth Indja Paper Mills Limited VidyaBhat Bhat et Vidya Bhat Company Secretary CIN (Corporate Identity No.) L85110KA1959PLC001352 FACT:O PHRONYE : (91) (08221) 228265-67 CORPOR: APHTONEE : (91) (080) 41123605 E-mail : marketing @sipaper.com Grams : PAPERMILLS Website : www.sipaper.com - . Kolkata I n d ca Advl s 0 rs Suite 1201, 12" Floor, Aurora Waterfront, GN 34/1, Sector 5, Salt Lake City, Kolkata 700091 T:+91 33 4069 8001 E: kolkata@indcap.in Enabling Growth |Creating Value W: www.indcap.in Date: 18.08.2026 The South India Paper Mills Limited Chikkayana Chatra, P.O.: Nanjangud, Nanjangud, Karnataka, India-571301 Sub: Open Offer to acquire up to 48,75,000 equity shares representing 26% of the voting share capital of The South India Paper Mills Limited by the Acquirers (as defined below) along with the PACs (as defined below) at an offer price of ¥120/- per ful aid-up share Dear Sir/Madam, ‘We would like to inform you that Nandini Modi and Kirit Modi (collectively the “Acquirers™), along with (i) Sachin Kirit Modi; (ii) Swapnil Kirit Modi; (iii) Riddhi Sachin Modi; (iv) Bhuvi Swapnil Modi; (v) Rihaan Sachin Modi; (vi) Rigid Containers Private Limited; and (vii) Fortune Packaging LLP, (collectively the “PACs”) have announced an Open Offer for acquisition of up to 48,75,000 (Forty Eight Lakhs Seventy Five Thousand) fully paid-up equity shares of face value of Rs.10/- (Rupees Ten Only) each, representing 26% of the total equity and voting share capital of The South India Paper Mills Limited (“Target Company™”) (having CIN L85110KA1959PLC001352, Scrip Code: 516108 and Scrip ID: STHINPA) on a fully diluted basis, from the public shareholders of the Target Company for cash at an offer price of Rs.120/- (Rupees One Hundred and Twenty Only) per Equity Share. The Open Offer is being ursuant to and in compliance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition, of Shares and Takeqver) Regulations, 201 l-and subsequent-amendments thereto. (“SEBI (SAST) Regulations™) - In accordance with the provisions of Regulation 12(1) of the SEBI (SAST) Regulations, we, Indcap Advisors Private Limited, a SEBI registered Merchant Banker having Registration No. INM000013031, have been appointed as the Manager to the Open Offer, by the Acquirers. As required under Regulation 14(1) of the SEBI (SAST) Regulations, we are enclosing herewith a copy of the Public Announcement dated August 18, 2026 in relation to the Open Offer submitted to Securities and Exchange Board of India and the Target Company. ‘We request you to kindly upload the Public Announcement on your website. ‘We hereby submit the hard copies of the Public Announcement in connection with the Open Offer for your records and further necessary action. Kindly acknowledge receipt. Indcap Advisors Private Limited Bangalore New Delhi Cove Offices 3rd Floor, 315 Rectangle One, Raheja Plaza, 3rd Floor, Richmond Rd, D-4, Saket, New Delhi-110017 Ashok Nagar, Bengaluru, Karnataka 560025 T: 491114317 2313 CIN : U74120WB2008PTC125639 - . Kolkata I n d ca Advl So rs Suite 1201, 12" Floor, Aurora Waterfront, GN 34/1, Sector 5, Salt Lake City, Kolkata 700091 T:+91 33 4069 8001 E: kolkata@indcap.in Enabling Growth]creating Value W: www.indcap.in Yours sincerely, For and on behalf of, Indcap Advisors Private Limited Ravi Prakash Mundhra Compliance Officer Enabling Growth Creating Value Indcap Advisors Private Limited Bangalore New Delhi Cove Offices 3rd Floor, 315 Rectangle One, Raheja Plaza, 3rd Floor, Richmond Rd, D-4, Saket, New Delhi-110017 Ashok Nagar, Bengaluru, Karnataka 560025 T:+91114317 2313 CIN : U74120WB2008PTC125639 PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3(1) AND 4 READ WITH REGULATIONS 13, 14 AND 15(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011A,S A MENDED FROM TIME TO TIME FOR ATTENTION OF THE PUBLIC SHAREHOLDERS OF THE SOUTH INDIA PAPER MILLS LIMITED (“TARGET COMPANY”) CIN: L85110KA1959PLC001352 Registered Office: Chikkayana Chatra, P.O.: Nanjangud, Nanjangud, Karnataka, India-571301 Tel. No: (08221) 228265 E-mail Id: corporate@sipaper.com ‘Website: www.sipaper.com OPEN OFFER FOR ACQUISITION OF UP TO 48,75,000 (FORTY EIGHT LAKHS SEVENTY FIVE THOUSAND) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF 10/- (RUPEES TEN ONLY) EACH (“OFFER SHARES”), REPRESENTING 26.00% (TWENTY SIX PERCENT) OF THE VOTING SHARE CAPITAL (AS DEFINED BELOW), OF THE SOUTH INDIA PAPER MILLS LIMITED (THE “TARGET COMPANY”), BY NANDINI MODI (“ACQUIRER 1”), KIRIT MODI (“ACQUIRER 2”) (HEREINAFTER ACQUIRER 1 AND ACQUIRER 2, COLLECTIVELY REFERRED TO AS THE “ACQUIRERS”) TOGETHER WITH SACHIN KIRIT MODI, SWAPNIL KIRIT MODI, RIDDHI SACHIN MODI, BHUVI SWAPNIL MODI, RIHAAN SACHIN MODI, RIGID CONTAINERS PRIVATE LIMITED, FORTUNE PACKAGING LLP (“PERSONS ACTING IN CONCERT” OR “PACs”), FROM THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY, PURSUANT TO AND IN COMPLIANCE WITH 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 FROM TIME TO TIME (“SEBI (SAST) REGULATIONS, 2011”) (“OFFER” OR “OPEN OFFER”). THIS PUBLIC ANNOUNCEMENT (“PA”/“Public Announcement”) IS BEING ISSUED BY INDCAP ADVISORS PRIVATE LIMITED, MANAGER TO THE OPEN OFFER, FOR AND ON BEHALF OF THE ACQUIRERS AND PACs, TO THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY, WITH AN INTENTION TO ACQUIRE SUBSTANTIAL NUMBER OF EQUITY SHARES, VOTING RIGHTS AND CONTROL OF THE TARGET COMPANY PURSUANT TO AND IN COMPLIANCE WITH REGULATIONS 3(1) AND 4 READ WITH REGULATIONS 13, 14 AND 15(1) AND OTHER APPLICABLE PROVISIONS OF THE SEBI (SAST) REGULATIONS, 2011. For the purpose of this Public Announcement, the following terms have the meanings assigned to them below: a) “Acquirers” shall mean Nandini Modi and Kirit Modi collectively, b) “Acquisition Shares” shall mean 48,75,000 (forty-eight lakhs seventy-five thousand) Equity Shares representing 26.00% (twenty-six per cent) of the equity share capital of the Target Company, c) “Equity Shares” or “Shares” shall mean the fully paid-up equity shares of face vahie of ¥ 10/- (Rupees Ten only) each of the Target Company; d) “Manager to the Open Offer” or “Manager” shall mean Indcap Advisors Private Limited. e) “Parties to the Share Purchase Agreement” shall collectively mean Acquirers and the Sellers; f “Persons Acting in Concert” or “PACs” sha [Showing first 8,000 characters — download PDF for full document]