South India Paper Mills: Open Offer for 26% Stake at ₹120/Share

Indcap Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Pre-Offer Advertisement for an Open Offer by Nandini Modi and Kirit Modi (Acquirers), along with associated parties (PACs). The offer is to acquire up to 48,75,000 equity shares, representing 26% of the total equity and voting share capital of The South India Paper Mills Limited. The offer price is ₹120 per equity share. This Open Offer is being made in compliance with SEBI (SAST) Regulations, 2011. The detailed public statement was published on August 25, 2026, with the offer opening on August 18, 2026, and closing on October 20, 2026.