D&A

D & A FINANCIAL SERVICES (P) LIMITED

Merchant Banking & Corporate Advisory Services

Date: 08th June, 2026

To

The Head (Listing),

Department of Corporate Services

BSE Limited

Phiroze Jeejeebhoy Towers

Dalal Street, MUMBAI-400001

REG.: OPEN OFFER TO THE SHAREHOLDERS OF OPEN OFFER TO THE SHAREHOLDERS OF GRAND FOUNDRY LIMITED ("TARGET COMPANY") BY M/S SAR TELEVENTURE LIMITED (HEREINAFTER REFERRED TO AS "ACQUIRER") PURSUANT TO SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011.

Dear Sir,

We, in the capacity of Manager to the captioned offer and in compliance with Reg. 18(7) of the Securities and Exchange Board of India (SAST) Regulations, 2011 are enclosing herewith Newspaper Cuttings of Pre-Offer Advertisement published today in all editions of Financial Express (English), Jansatta (Hindi) and Mumbai edition of Mumbai Lakshadweep (Marathi) for acquisition of shares of target-company by the acquirers in compliance with applicable provisions of SEBI (SAST) Regulations, 2011 and subsequent amendments thereto.

Kindly take it on your record.

Thanking you,

Yours faithfully,

For D & A Financial Services (P) Limited.

Encl.: As Above

H.O. & Regd. Office: 13, Community Centre, 2nd Floor, East of Kailash, New Delhi-110065 (India)

Phone:+91 11 41326121, 40167038

E-mail: [email protected], [email protected], [email protected], [email protected]

Website:www.dnafinserv.com, Branch Office : Mumbai

CIN : U74899DL1981PTC012709

GRAND FOUNDRY LIMITED
Registered Office: 17, 1st Floor, A Wing, B No. 19, Trade Centre, BKC Bandra Pinnacle Corporate Park, Vidyanagari, Mumbai, Maharashtra, India-400098
Corporate Office: Office No. DSM - 408, 4th Floor, DLF Towers, Shivaji Marg, Moti Nagar, Zakhira, New Delhi, India-110015
Tel No: +91-93156 15506. Email: [email protected]

Advertisement under Regulation 18 (7) in terms of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This Advertisement is being issued by D & A Financial Services (P) Limited (the "Manager to the Offer"), for and on behalf of the Acquirer, namely, Mrs SAR Televenture Limited, pursuant to Regulation 18 (7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of the open offer to acquire shares of Mrs Grand Foundry Limited ("Target Company").
The Detailed Public Statement ("DPS") with respect to the aforementioned offer was published on Tuesday, 10th March, 2026, in Financial Express (English-All Editions), Jansatta (Hindi-All Editions) and Mumbai Lakshadweep (Marathi-Mumbai Edition).

1. Offer Price is Rupees 2.50 (Rupees Two and Fifty Paisa only) per equity share.
2. Committee of Independent Directors (Hereinafter referred to as "IDCs") of the Target Company recommends that the open offer price of Rupees 2.50 per fully paid-up equity shares is fair and reasonable based on the following reasons:
   a. Offer Price is higher than the price as arrived by taking into account valuation parameters as defined under SEBI SAST Regulations, which comes to Rupees 2.28 per share and also higher than the negotiated price under share purchase agreement which is Rupees 1.50 per share.
   The Open Offer by the Acquirer is being made at the highest price amongst the selective criteria and is in line with the Regulations prescribed under the SEBI (SAST) Regulations, and hence appear to be fair and reasonable.
   The public shareholders of the Target Company are advised to independently evaluate the Open Offer and take an informed decision whether to offer their equity shares in the Open Offer. They are also advised to seek expert's opinion on taxation before taking their decision in this regard.
   The IDC's recommendation was published on 05th June, 2026 (Friday) in the same newspapers where Detailed Public Statement was published.
3. This Offer is not a Competing Offer.
4. The Letter of Offer dated 28th May, 2026 has been dispatched to the shareholders on or before Tuesday, 02nd June, 2026.
5. A Copy of the Letter of Offer (including Form of Acceptance cum acknowledgment) will also be available on SEBI's website (www.sebi.gov.in) during the offer period and shareholders can also apply by downloading such forms from the website. Further, in case of non-receipt/non-availability of the form of acceptance, the application can be made on plain paper along with the following details:
   Name(s) & Address(es) of Joint Holder(s) (If any), Number of Shares held, Number of Shares tendered, Distinctive Numbers, Folio Number, Original share Certificate(s) and duly signed share transfer form(s).
6. In terms of Regulation 16(1) of the SEBI (SAST) Regulations, 2011, the Draft Letter of Offer was submitted to SEBI on 16th March, 2026. All the observations made by SEBI vide letter no. HO/49/12/11(49)2026-CFD-RAC-DCR2/012131/2026 dated 21st May, 2026 has been incorporated in the Letter of Offer.
7. There have been no material changes in relation to the Open Offer since the date of the PA, save as otherwise disclosed in the DPS, Corrigendum to DPS and the Letter of Offer.
8. Details of Statutory Approvals: No statutory approvals are required to be obtained for the purpose of this offer.
9. Schedule of Activities:

*The identified date is only for the purpose of determining the public shareholders as on such date to whom the Letter of Offer would be mailed. It is clarified that all the Public Shareholders (registered or unregistered) are eligible to participate in this offer at any time prior to the closure of tendering period.
The Acquirers accept full responsibility for the information contained in this Pre-Offer Advertisement and also shall be jointly or severally responsible for the fulfillment of the obligations under the Offer and as laid down in SEBI (SAST) Regulations, 2011 and subsequent amendments thereto.
This Pre-Issue Advertisement will also be available on SEBI's website at www.sebi.gov.in.

Issued by Manager to the Offer on behalf of the Acquirer

D & A FINANCIAL SERVICES (P) LIMITED
13, Community Centre, East of Kailash, New Delhi-110 065
Tel: 011-41326121/40167038
Email: [email protected]
Contact Person: Ms. Radhika Pushkarna

Date: 06.06.2026
Place: New Delhi