Shalimar Paints Ltd. — M&A Activity 2024

Feb 6, 2024

==> picture [131 x 27] intentionally omitted <==

Date: February 06, 2024

To,

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001 Maharashtra, India

National Stock Exchange of India Limited Exchange Plaza, 3[rd] Floor Plot No.3-1, G Block, I.F.B. Centre, Bandra-Kurla-Complex, Bandra (East) Mumbai – 400 051, Maharashtra, India

Dear Sir/Madam,

• Re: 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 of the Target Company by Hella Infra Market Private Limited (“Acquirer”) in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”) (“Offer”/ “Open Offer”).

In reference to the captioned Open Offer and in compliance with Regulation 18(5) and other applicable provisions of the SEBI (SAST) Regulations, please find enclosed the Third Announcement and Corrigendum to the Letter of Offer (“ Third Announcement and Corrigendum ”) which has been published on February 06, 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 dated January 30, 2024.

We request you to kindly take the Third Announcement and Corrigendum on record and upload the same on your website at the earliest.

Yours faithfully,

Swastika Investmart Limited,

Sunil Digitally signed by Sunil Nyati Date: 2024.02.06 Nyati 11:39:28 +05'30' Sunil Nyati, Chairman and Managing Director DIN: 00015963

Enclose: As above

==> picture [596 x 84] intentionally omitted <==

������������������������

����������������������

��������