Navigant Corporate Advisors Limited has issued a corrigendum to the previously published Detailed Public Statement (DPS) regarding the Open Offer for the acquisition of up to 13,00,078 equity shares (representing 26.00% of the total voting share capital) of Maruti Securities Limited ("Target Company"). The offer is being made by Mr. Rama Swamy Reddy Pedinekaluva (Acquirer-1) and Mr. Narsing Balwanth Singh (Acquirer-2), hereinafter referred to as the Acquirers.

This corrigendum is issued in compliance with the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations) and follows the observation letter from SEBI dated November 25, 2024. The revised schedule of activities for the Open Offer includes important changes to previously announced dates:

• Identified Date for determining shareholders to whom the Letter of Offer will be sent has been updated to January 27, 2024.
• Dispatch of the Letter of Offer is now scheduled for January 4, 2024, with the Offer Opening date set for December 11, 2024.
• The Offer Closing date has been extended to December 24, 2024, and the payment of consideration for acquired shares is scheduled for January 8, 2025.
• Additionally, the Post Offer Advertisement will now appear on January 1, 2025, and the final report from the Merchant Banker is due by January 15, 2025.
  
  

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This corrigendum also clarifies that Acquirers have already completed the acquisition of equity shares from Maruti Securities Limited as per the Share Purchase Agreement on November 22, 2024, in compliance with Regulations 22(2) and 22(3) of the SEBI SAST Regulations.

The Acquirers, Mr. Rama Swamy Reddy Pedinekaluva and Mr. Narsing Balwanth Singh, assure shareholders that all other terms and conditions of the Open Offer remain unchanged, and no further alterations have been made to the original offer structure.

Navigant Corporate Advisors Limited, acting as the Manager to the Offer, is responsible for ensuring compliance with all SEBI regulations. The firm has also provided contact information for stakeholders seeking further details.

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