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The Board of Directors of M/s. BMRV Exports Limited (the Target Company) has allotted equity shares by way of a preferential issue to the Acquirers, approved by members and regulatory authorities including BSE Limited and The Calcutta Stock Exchange. The allotment consists of 45,00,000 equity shares representing 60% of the expanded voting share capital, which are subject to lock-in as per SEBI (ICDR) regulations. The Equity Shares allotted rank equally with existing shares in all respects. The Acquirers have authorized the preferential allotment transaction and completed necessary approvals, and the existing promoters and public shareholders holding shares in demat and physical form have obligations regarding share transfer and compliance. Public shareholders are advised to consult tax advisors regarding consequences of the open offer and share transaction. No statutory approvals are pending for completion of the offer as of this date.