SBEC Sugar Ltd — Important, 01-01-1970: Company Update

SBEC Sugar's Independent Directors have evaluated the open offer from SBEC Systems (India) Limited and its associates. The offer seeks to acquire up to 1.239 Cr fully paid-up equity shares, representing 26.00% of SBEC Sugar's voting capital, at INR 21.19 per share, which includes INR 11.19 interest. After reviewing offer documents, the Independent Directors' committee expressed its opinion that the offer price is fair and reasonable, aligning with market parameters. Shareholders are advised to independently assess the offer and market performance before making any decision.