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MUMBAI | WEDNESDAY, 17 MARCH 2021

2. SUCCESS OF THE DELISTING OFFER

1. DISCOVERED PRICE AND EXIT PRICE

2.4. Cameo Corporate Services Limited, Registrar to the Offer has dispatched the Letter of Offer to all the Public Shareholders as on Specified Date i.e. February 23, 2021 through Speed Post or Registered Post. The Proof of dispatch to all Public Shareholders has been submitted to the Stock Exchange, in accordance with the proviso to Regulation 17(1)(b) of the Delisting Regulations.

This Post-Offer PA is in continuation to and should be read in conjunction with the Public Announcement and the Letter of Offer. Capitalized terms used in this Post Offer PAand not defined herein shall have the same meaning as ascribed to it in the PAand the LOF.The Public Shareholders holding Equity Shares were invited to tender their Equity Shares ("Bids") pursuant to the Reverse Book Building Process ("RBBP") as prescribed in the Delisting Regulations through the Stock Exchange Mechanism made available by BSE duringtheBidPeriodstartingfromFriday,March05,2021andendingonFriday,March12,2021inaccordancewith theDelistingRegulations.

2.2. The Promoter Acquirers shall acquire the 34,12,680 Equity Shares validly tendered at or below the Exit Price in the RBBP and post completion of the acquisition, the shareholding of the Promoter Acquirers alongwith other members of the Promoter Group shall be 98.65% of the fully paid-up equity share capital of the Company, which would exceed the minimum number of Equity Shares requiredi.e. 1,28,23,200 for theDelistingOffer tobesuccessful in terms ofRegulation17(1)(a)of theDelistingRegulations.

1.1. In terms of Regulation 15(1) of the Delisting Regulations, the price determined as the "Discovered Price" is Rs. 83/- (Rupees Eighty Three Only) per Equity Share. The final price decided by the Promoter Acquirers for accepting the Equity Shares successfully tendered in the Delisting Offer is Rs. 83/- (Rupees Eighty Three Only) per Equity Share (the "Exit Price").

2.6. All Public Shareholders of the Company who have validly tendered their Equity Shares at or below the Exit Price will be paid the consideration at the Exit Price of Rs. 83.00/- per Equity Share. The last date for payment of consideration to all the Public Shareholders (in respect of whom no regulatory approvals are required) and whose Bids have been accepted will be Friday, March 19, 2021.

2.8. Subsequently, the Company will initiate the necessary steps to delist Equity Shares of the Company from Metropolitan Stock Exchange of India Limited . The date of delisting of Equity Shares shall be announced in the same newspapers in which the PA and this Post-Offer PAhas appeared.

3.1. In accordance with Regulation 21 of the Delisting Regulations, all Public Shareholders who continue to hold Equity Shares after the Reverse book Building Process ("Residual Shareholders") will be able to offer their Equity Shares to the Promoter Acquirers at the Exit Price for a period of one year following the date of the delisting from the Stock Exchange ("Exit Window").

This Post Offer Public Announcement ("Post-Offer PA") is being issued by M. M. Detergents Company Private Limited (Promoter Acquirer 1), K. S. Kamalakannan (Promoter Acquirer 2), Mageswari Kannan (Promoter Acquirer 3), Sounder Kannan (Promoter Acquirer 4), M. Jayalalitha (Promoter Acquirer 5), Lakshmi Vijayanand (Promoter Acquirer 6), M. Sukumar (Promoter Acquirer 7), Naga Marine Industries Limited (Promoter Acquirer 8) are jointly referred to as ("Promoter Acquirers") to the public shareholders (as defined under Regulation 2(1)(v) of the Delisting Regulations (as defined below) and hereinafter referred to as "Public Shareholders") of Naga Limited (the "Company" or "NAGA") in respect of the proposed acquisition and consequent voluntary delisting of the fully paid-up Equity Shares of the Company with a face value of Rs. 10 each ("Equity Shares") from the Metropolitan Stock Exchange of India Limited (the "MSEI" or the "Stock Exchange") pursuant to Regulation 10 and other applicable provisions of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ("Delisting Regulations") and in accordance with the terms and conditions set out in the public announcement dated February 23, 2021 and published on February 24, 2021 ("Public Announcement" or "PA") in (i) Business Standard (English, All Editions), (ii) Business Standard (Hindi, All Editions), (iii) Pratahkal (Marathi, Mumbai Edition) and (iv) Makkal Kural (Tamil, Chennai Edition), the Bid Letter or the Letter of Offer dated February 24, 2021 ("Letter of Offer" or "LOF").

2.3. In terms of Regulation 17(1)(b) of the Delisting Regulations, at least 25% of number of Public Shareholders holding Equity Shares in dematerialized mode as on December 24, 2020 need to participate in the RBBP provided that if the Promoter Group along with the Manager to the Offer demonstrates to the Stock Exchange that they have delivered the Letter of Offer of this Delisting Offer to all the Public Shareholders either through Registered post or Speed Post or courier or hand delivery with proof of delivery or through email as a text or as an attachment to email or as a notification providing electronic link or uniform resource locator including a read receipt(the "LOF Delivery Requirement"), then the mandatory participation of aforementioned number of Public Shareholders shall not be applicable. Further to Explanation I to Regulation 17(1)(b) of the Delisting Regulations, the LOF Delivery Requirement is deemed to have complied with if (a) the Promoter Acquirers or the Manager to the Offer send the letters of offer to all the shareholders by Registered Post or Speed Post through India Post and is able to provide a detailed account regarding the status of delivery of the Letter of Offer (whether delivered or not) sent through India Post (b) efforts should have been made by the Promoter Acquirers or the Manager to the Offer to dispatch the Letter of Offer to them by Speed Post or Registered Post through India Post provided that the Promoter Acquirers or the Manger to the Offer are able to provide a detailed account regarding the status of delivery of letter of offer (whether delivered or not) sent through India Post.

3. OUTSTANDING EQUITY SHARES AFTER DELISTING

3.2. A separate offer letter (the "Exit Offer Letter") in this regard will be sent to such Residual Shareholders which will contain terms and conditions for participation in Exit Offer. Such Residual Shareholders may tender their Equity Shares by submitting the required documents to the Registrar to the Offer within the stipulated time period as will be set out in the Exit Offer Letter.

If any shareholders have any query with regard to the Delisting Offer, they should consult the Manager to the Offer or the Registrar to the Offer (details appearing below). All other terms and conditions of the Delisting Offer as set forth in the PAand the LOF remain unchanged. This Post-Offer PAis also expected to be available on the website of the Stock Exchange (www.msei.in) and also available on the website of the Company (www.nagamills.com).

2.1. In terms of Regulation 17(a) of the Delisting Regulations, this Delisting Offer would be deemed to be successful, only if a minimum number of 21,80,865 Offer Shares were tendered and acquired in the Delisting Offer at or below the Exit Price so as to cause the cumulative number of the Equity Shares held by the Promoter Acquirers alongwith other members of Promoter Group, post the acquisition through theAcquisition Window Facility be equal to or in excess of 1,28,23,200 Equity Shares constituting 90% of the equity share capital of the Company.

2.5. The Delisting Offer is thus deemed to be successful in terms of the Delisting Regulations.

2.7. The Equity Shares of the Public Shareholders whose Bids have been rejected, will be returned to the Public Shareholders in accordance with the Methods of Settlement contained in Paragraph 18 of the PA, the LOF read with the SEBI Circulars.

POST-OFFER PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS OF

Date: March 16, 2021Place: Chennai.

NAGA LIMITEDCorporate Identification Number (“CIN”): L24246TN1991PLC020409

Registered Office: No 1, Anna Pillai Street, Chennai-600 001, Tamil Nadu; Corporate Office: No.1 Trichy Road, Dindigul- 624 005, Tamil Nadu;

Tel. No. +91 44 2536 3535; Fax No. +91 44 2536 3535;Email: marikannanv@nagamills.com; Website: www.nagamills.com

TMTM

SYSTEMAT IXSYSTEMAT IX G R O U PG R O U PInvestments Re-defined

Cameo Corporate Services Limited

Chennai- 600002; India

Email: cameo@cameoindia.com

SEBI Registration Number: INR000003753

Subramanian Building, #1, Club House Road;

Telephone: +91-44-2846 0390 Fax: +91-44 - 2846 0129

Contact Person: Mr. R.D. RamasamyWebsite : www.cameoindia.com

Validity Period: Permanent

Contact Person: Mr. Amit Kumar

Bandra (East), Mumbai 400 051, Maharashtra, India

The Capital, A-Wing, 6th Floor, No. 603-606,

Website: www.systematixgroup.in

Telephone: +91-22-6704 8000 Fax: +91-22-6704 8022Email: ecm@systematixgroup.in

SEBI Registration Number: INM000004224Validity Period: Permanent

Plot No. C-70, G-Block, Bandra-Kurla Complex (BKC),

Systematix Corporate Services Limited

MANAGER TO THE OFFER REGISTRAR TO THE OFFER

For and on Behalf of the Promoter Acquirers

For M.M.Detergents Company Private Limited (Promoter Acquirer 1)

Sd/-Name: K.S. Kamalakannan Designation: Director(Promoter Acquirer 3)

Sd/-Mageswari Kannan

(Promoter Acquirer 5)

Sd/-M. Jayalalitha (Promoter Acquirer 7)

Sd/-M. Sukumar

(Promoter Acquirer 2)

Sd/-K.S. Kamalakannan

(Promoter Acquirer 4)

Sd/-Sounder Kannan

(Promoter Acquirer 6)

Sd/-Lakshmi Vijayanand For Naga Marine Industries Limited (Promoter Acquirer 8)

Sd/-Name: Mageswari KannanDesignation: Director

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Business StandardMUMBAI EDITION

M/s. Indiabulls Ventures Limited

(Now known as Dhani Services Limited)

Registered Office: M - 62 & 63, First Floor, Connaught Place, New Delhi - 110001

PUBLIC NOTICE

This is to bring to the notice of general public that Indiabulls Ventures Limited

(now known as Dhani Services Limited) is going to surrender its SEBI

Registration No. INH100004906 as Research Analyst. Henceforth, Indiabulls

Ventures Limited (now known as Dhani Services Limited) shall not carry on any

activity as a Research Analyst.

Any aggrieved party may make representation against the surrender before

Securities and Exchange Board of India (SEBI), Plot No. C4-A, 'G' Block

Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, within 15

days of the date of this notice.

Place: New Delhi

Date: March 17, 2021

For Indiabulls Ventures Limited

(Now known as Dhani Services Limited)

Sd/-

Rajkumar Gupta

Compliance Officer