Shalimar Paints Ltd. — M&A Activity 2024

Feb 9, 2024

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February 09, 2024

BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5[th] Floor, 1st Floor, New Trading Ring, Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mumbai - 400051 BSE Scrip Code: 509874 NSE Symbol : SHALPAINTS

• Sub: Submission of Copy of Offer Opening Advertisement and Corrigendum to the detailed Public Statement - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• Re: Open Offer to the eligible shareholders of Shalimar Paints Limited for acquisition of Equity Shares under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto

Dear Sir/Madam,

With reference to the captioned subject, we would like to inform you that we are in receipt of the copy of the offer opening advertisement and corrigendum to the detailed public statement dated February 08, 2024 (“Offer Opening Advertisement and Corrigendum”) issued in compliance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, by Swastika Investmart Ltd. on behalf of Hella Infra Market Private Limited (“Acquirer”), in relation to the open offer to the eligible shareholders of Shalimar Paints Limited.

In relation to the captioned offer, the copy of the Offer Opening Advertisement and Corrigendum which appeared on February 09, 2024 in all editions of Financial Express (English), all editions of Jansatta (Hindi), Mumbai edition of Pratahkal (Marathi) and Ahmedabad edition of Financial Express (Gujarati) is enclosed herewith.

You are requested to kindly take the above information on record.

Thanking you,

Yours faithfully,

For Shalimar Paints Limited

SHIKHA Digitally signed by SHIKHA RASTOG RASTOGI Date: 2024.02.09 I 17:29:40 +05'30'

Shikha Rastogi

Company Secretary & Head - Legal

Encl: as above

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Date: February 09, 2024

To, The Board of Directors Shalimar Paints Limited Stainless Centre, 4[th] Floor, Plot No. 50, Sector 32, Gurugram (HR) - 122001

Dear Sir/Madam,

• Re: Offer opening advertisement and corrigendum to the detailed public statement in relation to the open offer for acquisition of up to 2,17,64,907 (Two Crore Seventeen Lakh Sixty Four Thousand Nine Hundred and Seven only) fully paid-up equity shares of Shalimar Paints Limited (“Target Company”) of face value of INR 2/- (Indian Rupees Two only) each (“Equity Shares”), representing 26.00% the Expanded Voting Share Capital, from the Eligible Shareholders by Hella Infra Market Private Limited (“Acquirer”) (“Offer”/ “Open Offer”).

In reference to the captioned Open Offer, please find enclosed a copy of the offer opening advertisement and corrigendum to the detailed public statement dated February 08, 2024 (“ Offer Opening Advertisement and Corrigendum ”) issued in compliance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, and published on February 09, 2024 in the following newspapers in which the DPS was published:

• Financial Express – English (All Editions)

• Jansatta – Hindi (All Editions)

• Pratahkal – Marathi (Mumbai Edition)

• Financial Express – Gujarati (Ahmedabad Edition)

All capitalized terms used but not defined shall have the same meaning as assigned to such terms in the Letter of Offer and Third Announcement and Corrigendum.

We request you to kindly take the Offer Opening Advertisement and Corrigendum on record.

Yours faithfully,

Swastika Investmart Limited,

Sunil Digitally signed by Sunil Nyati Date: 2024.02.09 Nyati 14:59:46 +05'30'

Sunil Nyati, Chairman and Managing Director DIN: 00015963

Enclose: As above

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