Commercial Syn Bags Limited — Important, 24-04-2025: Disclosure of material issue

Comsyn India Private Limited, a wholly owned subsidiary of Commercial Syn Bags Limited, has executed an addendum to its Share Purchase Agreement (SPA) with Erawat Pharma Limited. The share price for 9,50,000 equity shares of Erawat Vegcap Private Limited has been revised from ₹52.60 to ₹58.00, totaling ₹5.51 crore. Upon completion, Erawat Vegcap will become a wholly owned subsidiary of Comsyn India. The transaction underscores a strategic move to enhance Commercial Syn Bags' portfolio in the plastic products and pharmaceutical sectors. Completion is anticipated by May 15, 2025. Investors should monitor this acquisition as it may support future growth and operational synergies.