Corrigendum to Open Offer Public Announcement: offer size revised to 18,53,096 shares (3.63%)

Corrigendum to the Open Offer PA dated Sept 23, 2026.

Sat 26 Sep 2026

Revised Offer Size

18,53,096 shares (3.63%), instead of 18,36,696 shares (3.60%)

Offer Price

₹10.00 per equity share

Total Offer Consideration

₹1,85,30,960, revised from ₹1,83,66,960

Emerging Capital

5,10,16,400 shares (₹51,01,64,000)

Reason for Corrigendum

16,400 partly paid-up shares were left out in earlier PA

What this update is

Bonanza Portfolio Limited, the Manager to the Offer, has issued a Corrigendum to the Public Announcement dated September 23, 2026, on behalf of the Acquirer JBCG Advisory Services Private Limited and PACs Mr. Jaspal Singh Bindra and Mr. Chandir Gobind Gidwani.

Why the change

The earlier PA computed the Emerging Equity and Voting Share Capital as 5,10,00,000 equity shares, leaving out 16,400 partly paid-up equity shares. Including them, the emerging capital is now read as ₹51,01,64,000 divided into 5,10,16,400 equity shares — being 33,00,000 existing shares (including the 16,400 partly paid-up) plus 4,77,16,400 shares proposed to be allotted under the Proposed Preferential Issue.

Revised numbers

• Offer size: 18,53,096 shares (3.63%), instead of 18,36,696 shares (3.60%)
• Offer price: ₹10.00 per equity share, face value ₹10.00
• Total open offer consideration: ₹1,85,30,960, instead of ₹1,83,66,960
• Shares agreed to be acquired under the SPA: 43.85% of existing capital, instead of 44.06%
• Shares to be allotted on preferential basis under the SSA: 67.64%, instead of 67.70%
• Preferential Issue shares: 93.53% of emerging capital, instead of 93.59%
• Acquirer holding post SPA and SSA: 70.48%, instead of 70.50%
• Selling shareholders: Mr. Gopal Bhatter 11.19% (instead of 11.24%); Gopal Bhatter HUF 32.66% (instead of 32.82%)

Note on offer size

Under Regulation 7(1), an open offer should be for at least 26.00% of the emerging capital. Here the eligible public shareholding is only 3.63%, so the offer is restricted to those 18,53,096 shares.

What stays the same

Except for these modifications, all other terms and contents of the Public Announcement remain unchanged. The Acquirer and PACs accept full responsibility for the information in the Corrigendum.

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