SOUTH INDIA PAPER MILLS LTD.

Nandini Modi and Kirit Modi, along with associated entities (PACs), have announced an Open Offer to acquire up to 48,75,000 equity shares of The South India Paper Mills Limited, representing 26% of the total equity and voting share capital. The offer price is ₹120 per equity share, payable in cash, for a total maximum offer consideration of ₹58,50,00,000 (₹58.50 Crore). This Open Offer is being made in compliance with SEBI (SAST) Regulations, 2011. Indcap Advisors Pvt. Ltd. is acting as the Manager to the Offer. The Committee of Independent Directors has submitted its recommendations on the fairness and reasonableness of the offer.

The Committee of Independent Directors of South India Paper Mills Limited has submitted its recommendations regarding the open offer made by Nandini Modi and Kirit Modi, along with Persons Acting in Concert (PACs). The open offer aims to acquire up to 48,75,000 equity shares, representing 26% of the voting share capital, at a price of ₹120 per share. The total offer consideration aggregates to a maximum of ₹58,50,00,000 (₹58.50 Crore). The recommendations, approved on October 15, 2026, are in compliance with SEBI (SAST) Regulations, 2011. The report details the offer, acquirers, and the independent directors' committee, noting that most members hold no shares in the target company, with one director holding 1,000 shares.

South India Paper Mills Ltd has received a Letter of Offer dated October 13, 2026, regarding an open offer from Acquirers Mrs. Nandini Modi and Mr. Kirit Modi, along with Persons Acting in Concert (PACs). The Acquirers are making an open offer to the public shareholders to acquire up to 48,75,000 fully paid-up equity shares, each with a face value of ₹10. This represents 26% of the company's total equity and voting share capital on a fully diluted basis. The offer price is ₹120 per equity share in cash. Indcap Advisors Private Limited has been appointed as the Manager to the Open Offer, which is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

South India Paper Mills Ltd has announced that a Board of Directors meeting is scheduled for October 29, 2026. The primary agenda item is to consider and approve the company's unaudited financial results for the quarter and half-year ended September 30, 2026. This meeting is being held in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

South India Paper Mills Ltd has received a Letter of Offer from Indcap Advisors Pvt Limited, acting on behalf of Acquirers Mrs Nandini Modi and Mr Kirit Modi along with Persons Acting in Concert (PACs). The open offer is to acquire up to 48,75,000 equity shares, representing 26% of the voting share capital, at an offer price of ₹120 per equity share. This offer is made in compliance with SEBI (SAST) Regulations, 2011. The total value of the open offer is ₹58.5 Crore (48,75,000 shares * ₹120/share).

Indcap Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of South India Paper Mills Ltd. Nandini Modi and Kirit Modi, along with several associated entities (collectively the "Acquirers" and "PACs"), have announced an Open Offer to acquire up to 48,75,000 equity shares, representing 26.00% of the total equity and voting share capital. The offer price is ₹120 per equity share. This Open Offer is being made in compliance with SEBI (SAST) Regulations, 2011. The offer period and other details will be provided in the Letter of Offer.

South India Paper Mills Ltd has announced the closure of its trading window from October 1, 2024, until 48 hours after the declaration of its unaudited financial results for the quarter and half-year ending September 30, 2026. This closure applies to directors, designated employees, key managerial personnel, and other connected persons, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

South India Paper Mills Ltd has received a Draft Letter of Offer (DLOF) from merchant bankers Indcap Advisors Pvt Ltd regarding an open offer. The offer is being made by Nandini Modi and Kirit Modi, along with several Persons Acting in Concert (PACs), to acquire up to 48,75,000 equity shares, representing 26.00% of the voting share capital. The offer price is set at ₹120 per fully paid-up equity share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011.

Indcap Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE regarding an open offer for South India Paper Mills Ltd. Nandini Modi and Kirit Modi, along with several Persons Acting in Concert (PACs), are making an open offer to acquire up to 48,75,000 equity shares, representing 26% of the total equity and voting share capital. The offer price is ₹120 per equity share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011.

South India Paper Mills Ltd has received a Detailed Public Statement from Acquirers Mrs. Nandini Modi and Mr. Kirit Modi regarding an open offer to acquire up to 48,75,000 equity shares, representing 26% of the voting share capital. The offer price is set at ₹120 per share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011, and is managed by Indcap Advisors Pvt Ltd. The acquisition involves the Acquirers along with several Persons Acting in Concert (PACs).