SIMANDHAR IMPEX LIMITED — M&A Activity 2026

Apr 15, 2026

Date: 15.04.2026

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 Simandhar Impex Limited (BSE Code: 544662)
• Ref.: Open Offer to acquire up to 7,75,310 equity shares of Rs. 10/- each at a price of Rs. 30/- per fully paid-up Equity Share of Simandhar Impex Limited ("Target Company") representing 25.36% of the fully paid up and voting share capital by Farmico International Private Limited (hereinafter referred to as "the Acquirer")

Dear Sir / Madam,

Please find below the outcome of meeting of the Committee of Independent Directors for Open Offer held on April 15, 2026, 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 14th January, 2026, Detailed Public Statement dated 21^st January, 2026 published on 22^nd January, 2026 and Letter of Offer dated 04th April, 2026. The Committee of Independent Directors has concluded that open offer is fair and reasonable.

Thanks & Regards,

For Simandhar Impex Limited

Tejas Devendra Shah Chairman - Committee of Independent Directors DIN: 09592879

Place: Mumbai Date: 15.04.2026