CORPORATE ADVISORS December 30, 2016 MCAPL: MUM: 2016-17: To ‘The Listing Deparment, BSE Limited, Phiroze Jejeebhoy Towers, Dalal Street, ‘Mumbsi-400 001 Dear Si, Sab + Open Offer to acquire 13,08,700 Equity Share of 10 each representing 2622 2f 8K ging Voting Capital ofthe Target Company, at a price of 130.00 (Rupess One Hundred and THe cay) ree Equity Share of South india Projects Limited (SIPL'*Target Company’) by Mr. Joo Reddy Thamma (Acquirer 1) & Mr, Jagan Mohan Reddy Thumma CAcguirer 3) 6 refered to as “acquirer”) and Mr. Dennis Reddy Thusnma (PAC 1) & Mrs Ianamara Treas (PAC2 (hereinafter refered 1038 “PACS We refer to the captioned Open Offer vide Public Announcement dated October 01, 2016, the Detailed Public Statement dated October 07,2016 and the Daft Letter of Ofer dated October 18, 2016 and hereby inform you that ‘SEBI vide its eter dated December 16, 2016 had conveyed its observations onthe Drat Letter of Offer Further, we wish to inform you that SEBI vide its letter dated December 30, 2016 has advised that the Tendering Period forthe Open Offer ay commence not later than 12 (twelve) working days fom the date of receipt ofthe RBI approval and the payment to all sucessful Public Shareholders who tender ther equity shares n the Opes (Offer, thereafter, may be made within the specified timeframe of 10 (ten) working days from the last date of the ‘Tendering Period subject tothe Acquirers and the PACs paying the interest forthe said delay @ 10% per annum Accordingly, the Aequrers andthe PACs have undertaken to pay the interest. The revised schedule of Activites ofthe Open Offer shall be notified in due couse. This otimaion i being isued by Mark Conporate Advisors Private Limite, as Manger to the Open Offer, in accordance with the insrustion contained inthe SEBI’s letter dated December 30, 2016. ‘The above information shouldbe read ia accordance with Regulation 30 of SEBI (LODR) Regulations, 2015 along with the Public Announcement, Detaled Public Statement and Draft Letter of Offer. The terms not defined heres shall have the same meaning as defined inthe Public Announcement, Detailed Public Statement and Draft Leter of Ofer. Kindly tke the above information on your records For Mark Corporate Advisors Private Limited te Asst. Vice President MARK. conporare anvisons Pvt. LTD. igh, Vile Pai), Mba - 400057 {24,1 Sut ons oy Set abl (Sev ae op. WE ga Pate, unl -40 087 ‘ela :o8128 26122207 Fano 226125208. Web ww smaricorporateagvsorscamE-nal:fogmarcarparatesodse ‘WN: U67190UN2EOBPTCHBTSE6