Open Offer Update: Tribunal grants appellant additional time to file rejoinder; matter listed November 3, 2026

Fresh update on the appeal linked to the open offer by Marwadi Chandarana Intermediaries Brokers Private Limited for shareholders of TruCap Finance Ltd.

Fri 9 Oct 2026

Tribunal Hearing Date

October 08, 2026

Next Hearing Date

November 3, 2026

Relief Granted

additional time to file its rejoinder

What the update is about

The update comes from Sundae Capital Advisors Private Limited and is addressed to the National Stock Exchange of India Limited and BSE Limited. It continues an earlier submission made on September 08, 2026 and relates to the open offer given by Marwadi Chandarana Intermediaries Brokers Private Limited (described as the "Acquirer") to the shareholders of TruCap Finance Limited (described as the "Target Company").

What happened at the Tribunal

• The appeal in this matter was listed for hearing before the Hon'ble Securities Appellate Tribunal on October 08, 2026.
• Upon hearing the matter, the Hon'ble Tribunal granted the Appellant additional time to file its rejoinder.
• The matter is now listed for hearing on November 3, 2026.

What this means for a shareholder

An open offer is a public offer made to existing shareholders to buy their shares, and this update tracks an appeal connected with such an offer. The update records the procedural position of that appeal.

• "Rejoinder" is the reply the Appellant will file in the appeal proceedings.
• The next stated step is that rejoinder, followed by the hearing listed for November 3, 2026.

How to read this type of update

Such updates typically inform the exchanges of the stage of ongoing proceedings, so shareholders can follow the sequence of events. The dates to note are October 08, 2026, when the matter was heard and additional time was granted, and November 3, 2026, when the matter is next listed.

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