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Miven Machine Tools Ltd. Regulatory Filings 2023

Nov 16, 2023

63384_rns_2023-11-16_2d18d116-ed6c-45bb-bb10-56152dc0362f.pdf

Regulatory Filings

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MIVEN MACHINE TOOLS LIMITED

Regd.Off. : Sirur’s Compound, Karwar Road, Hubli–580024, Karnataka, India Email : [email protected] Website : www.mivenmachinetools.in CIN : : L29220KA1985PLC007036

Date: November 16, 2023

To, Listing Department BSE LIMITED Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001

Scrip Code: 522036

Dear Sir/Madam,

Sub: Open Offer by Katta Sundeep Reddy (“Acquirer 1”) and Sahil Arora (“Acquirer 2”) (Acquirer 1 and Acquirer 2 collectively referred to as “Acquirers”) to acquire up to 7,50,900 (Seven Lakhs Fifty Thousand and Nine Hundred) Equity shares of face value of ₹ 10/- each for cash at a price of ₹ 17.08/- (Rupees Seventeen and Eight paise only) per Equity Share aggregating up to ₹ 1,28,25,372/- (Rupees One crore Twenty-Eight Lakhs Twenty-Five Thousand Three Hundred and Seventy Two only), to the Public shareholders of Miven Machine Tools Limited (“Target Company”) pursuant to and in compliance with the requirements of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) (“Open Offer)

Pursuant to regulation 26(7) of the Takeover Regulations, please find enclosed herewith copy of recommendation of Committee of Independent Directors for the proposed Open Offer.

The recommendation of the Committee of Independent Directors for the Open Offer was published today i.e., November 16, 2023 in the following newspapers:

Sr. No.	Newspapers	Language	Editions
1	Financial Express	English	All Editions
2	Jansatta	Hindi	All Editions
3	Hosadigantha	Kannada	Karnataka Edition - Registered office of Target Company
4	Pratahkal	Marathi	Mumbai

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Miven Machine Tools Ltd. Regulatory Filings 2023

63384_rns_2023-11-16_2d18d116-ed6c-45bb-bb10-56152dc0362f.pdf

MIVEN MACHINE TOOLS LIMITED

Date: November 16, 2023

For Miven Machine Tools Limited

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Miven Machine Tools Ltd. — Regulatory Filings 2023

63384_rns_2023-11-16_2d18d116-ed6c-45bb-bb10-56152dc0362f.pdf

MIVEN MACHINE TOOLS LIMITED

Date: November 16, 2023

For Miven Machine Tools Limited

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