Intimation of Signing of Share Purchase Agreement (SPA) between the Promoter & Promoter Group and Acquirer

Synthiko Foils Limited has informed BSE that its existing promoters — the Dadhia family — have signed a Share Purchase Agreement (SPA) on 2nd May 2025 to sell their entire shareholding to two acquirers, Mr. Abhishek Narbaria and Mr. Umesh Kumar Sahay. The selling shareholders include Mr. Ramesh Dadhia (16.65%), Ms. Urmila Dadhia (9.53%), Mr. Bhavesh Dadhia (9.41%), Ms. Neha H Dadhia (9.40%), and Mr. Yogesh Dadhia (7.29%), together adding up to roughly 52.28% of paid-up capital. The acquirers have appointed Bonanza Portfolio Limited as the merchant banker to facilitate the transaction. The share transfer is subject to obtaining applicable regulatory approvals from various authorities.