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GHV INFRA PROJECTS LIMITED M&A Activity 2024

Aug 13, 2024

62297_rns_2024-08-13_8beb5ac4-7d84-4dcf-9ce6-20eb45f6e44f.pdf

M&A Activity

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SINDU VALLEY TECHNOLOGIES LIMITED

No. 3, Dr TC M Royan Road, Opp Ayyappan Temple, Bangalore 560053 CIN: L21000KA1976PLC173212, Telephone: 080 26706716, Email:[email protected]

Date: 13.08.2024

To, The Manager Dept. of Corporate Services BSE Limited , Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400 001

Sub: Outcome of Meeting of Committee of Independent Directors for Open Offer of Sindu Valley Technologies Limited

- Ref.: Open Offer to acquire upto 1,82,000 equity shares of Rs. 10/ each at a price of Rs. - - ‘ 25/ per fully paid up Equity Share of Sindu Valley Technologies Limited ( Target Company’) representing 26.00% of the fully paid up and voting share capital by Mr. - - Chirag Deepak Dedhia (Acquirer 1), Mr. Arvind Awadhnath Sharma (Acquirer 2) and Mrs. Manisha Arvind Sharma (Acquirer-3) (Acquirer-1, Acquirer-2 and Acquirer-3 Hereinafter Collectively Referred to as The "Acquirers")

Dear Sir / Madam,

Please find below the outcome of meeting of the Committee of Independent Directors for Open Offer held on August 13, 2024, inter alia has transacted the following:

The Committee of Independent Directors at its meeting held on today discussed, analysed and reviewed that the open offer given by Acquirer pursuant to Public Announcement dated 07[th] May, 2024, Detailed Public Statement dated 14[th] May, 2024 and Letter of Offer dated 02[nd] August, 2024. The Committee of Independent Directors has concluded that open offer is fair and reasonable.

Thanks & Regards,