Systematix Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Kuber Udyog Ltd ("Target Company").

August 21, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Dear Sir / Madam, Sub: Submission of Draft Letter of Offer (“DLOF”) Ref: Open Offer to acquire upto 3,19,71,680 fully paid-up Equity Shares of Kuber Udyog Limited (“Target Company”) at a price of ₹23.35 per Equity Share (“Offer Price”), representing 26.00% of the Expanded Voting Share Capital of the Target Company by the Acquirers along with the PAC under Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011. With reference to the captioned Offer, we wish to inform you that the Draft Letter of Offer dated August 21, 2026 is being filed with SEBI. We are enclosing herewith a copy of the said Draft Letter of Offer for your kind perusal. A copy of the same is also being submitted to the Target Company. Please acknowledge the same and disseminate on your website at the earliest. 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 DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer (“DLOF”) is being sent to you as a Public Shareholder (as defined below) of Kuber Udyog Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or Manager to the Offer / Registrar to the Offer (as defined below). In case you have recently sold your Equity Shares in the Target Company, please hand over this Draft Letter of Offer and the accompanying Form of Acceptance-cum-Acknowledgement (“FOA”) to the Member of the Stock Exchange through whom the said sale was effected. OPEN OFFER (“OFFER”) This Offer is being made pursuant to Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“the SEBI (SAST) Regulations”) for the acquisition of up to 3,19,71,680 (Three Crore Nineteen Lakh Seventy-One Thousand Six Hundred and Eighty) fully paid-up Equity Shares having face value of ₹10 each (as defined below), representing 26.00% of the Expanded Voting Share Capital (as defined below) of the Target Company (“the Offer Size”) in accordance with the SEBI (SAST) Regulations at a price of ₹23.35 (Rupees Twenty-Three and Paise Thirty-Five only) per Equity Share (“the Offer Price”), payable in cash. Mr. Manav Bahri (“Acquirer 1”) Address: D-245, Sushant Lok-I, Gurugram, Haryana – 122001, India. Contact No.: +91 98111 67367; Email: manav.bahri@goldenikon.com Mr. Dinesh Popli (“Acquirer 2”) Address: Building 3, Flat No. 2A, The Hibiscus Apartments, Near Baani Square, Sector-50, Nirvana Country, Gurgaon, Haryana – 122018, India. Contact No.: +91 98112 42422; Email: dinesh.popli@goldenikon.com Mr. Ajay Dutta (“Acquirer 3”) Address: The Hibiscus, Building No. 9, Flat No. 11B, Near Baani Square, Sector 50, Nirvana Country, Gurugram, Haryana – 122018, India. Contact No.: +91 98338 10924; Email: Ajaydutta70@yahoo.com (hereinafter Acquirer 1, Acquirer 2 and Acquirer 3 collectively referred to as “Acquirers”) Trimudra Trade & Holdings Private Limited (“PAC” / “Person Acting in Concert”) Address: C-201, 2nd Floor, Kohinoor Apartment, C & D Wing, Ranade Road, Dadar (West), Mumbai – 400028, Maharashtra.; CIN: U65999MH1989PTC469539 Contact No.: 8169451606; Email: trimudra84@gmail.com TO THE PUBLIC SHAREHOLDERS OF KUBER UDYOG LIMITED (CIN: L51909MH1982PLC371203) Registered Office: Office No. 156, 1st Floor, Raghuleela Mega Mall, Kandivali (West), Mumbai – 400067, Maharashtra, India. Contact No.: +91 75063 24443; Email: kuberudyoglimited@gmail.com; Website: www.kuberudyog.com 1) This Offer is neither conditional upon any minimum level of acceptance in terms of Regulation 19 of the SEBI (SAST) Regulations nor is it a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. 2) To the best of the knowledge of the Acquirers and the PAC, as on the date of this DLOF, there are no statutory or other approvals required by the Acquirers and the PAC to acquire the Equity Shares validly tendered by the Public Shareholders pursuant to the Offer. However, in case any statutory approvals are required by the Acquirers and the PAC prior to the closure of the Tendering Period, this Offer shall be subject to such approvals being obtained. 3) The Offer Price may be subject to upward revision, if any, pursuant to the SEBI (SAST) Regulations or at the discretion of the Acquirers and the PAC at any time prior to the commencement of the last one (1) Working Day before the commencement of the Tendering Period, in accordance with Regulation 18(4) of the SEBI (SAST) Regulations. If there is any upward revision in the Offer Price/Offer Size at any time up to one (1) working day prior to the commencement of the Tendering Period in terms of the SEBI (SAST) Regulations, the same would be informed by way of an announcement in the same newspapers where the Detailed Public Statement (‘DPS’) was released and simultaneously also be informed to SEBI, the Stock Exchange and the Target Company at its registered office. Such revised Offer Price would be payable to all the Shareholders, who have validly tendered their Equity Shares anytime during the Tendering Period to the extent their Equity Shares have been verified and accepted under the Offer, by the Acquirers and PAC. If the Offer is withdrawn pursuant to Regulation 23 of SEBI (SAST) Regulations, the same would be communicated within two (2) working days by an announcement in the same newspapers in which the DPS is published. In the event of such revision, the Acquirers and the PAC shall make corresponding increase to the Escrow Amount. However, the Acquirers and the PAC shall not acquire any Equity Shares after the third (3rd) Working Day prior to the commencement of the Tendering Period, and until the expiry of the Tendering Period. The same price shall be payable by the Acquirers and PAC for all the Equity Shares tendered anytime during the Offer. 4) There is no competing offer as on the date of this DLOF. If there are competing offers: The public offers under all the subsisting bids shall open and close on the same date. 5) A copy of the Public Announcement, Detailed Public Statement and Draft Letter of Offer (including Form of Acceptance-cum-Acknowledgement) will be available on the website of Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in, the website of BSE Limited at www.bseindia.com, the website of the Target Company at www.kuberudyog.com and the website of the Manager to the Offer at www.systematixgroup.in. MANAGER TO THE OFFER REGISTRAR TO THE OFFER Systematix Corporate Services Limited Satellite Corporate Services Pvt. Ltd. The Capital, A Wing, 6th Floor, No. 603-606, Office No. 106 & 107, Dattani Plaza, East West Plot No. C-70, G Block, Bandra Kurla Compound, Andheri Kurla Road, Sakinaka, Complex, Bandra (East), Mumbai 400 051 Mumbai – 400072, Maharashtra, India Telephone: +91 22 6704 8000 Telephone: 022-28520461 / 28520462 Fax: +91 22 6704 8022 Fax: 022-28511809 E-mail: ecm@systematixgroup.in Email: info@satellitecorporate.com Website: www.systematixgroup.in Website: www.satellitecorporate.com Contact Person: Harsha Panjwani Contact Person: Mr. Michael Monterio SEBI Registration Number: INM000004224 SEBI Registration No.: INR000003639 OFFER / TENDERING PERIOD (“TP”) STARTS ON: OCTOBER 01, 2026 (THURSDAY) CLOSES ON: OCTOBER 15, 2026 (THURSDAY) Page | 1 T [Showing first 8,000 characters — download PDF for full document]