Ajay Brijlal Anand made an offer to acquire additional 25.08% stake in Faze Three Autofab Limited (BSE:532459) from Foresight Holdings Private Limited, Unirhythm Trading Private Limited, Casa Serai Resorts Private Limited, Cabernet Trading And Advisors LLP, Madhavan Texpro Private Limited, Polson Tie Up Private Limited and others for approximately INR 170 million on May 15, 2023. Ajay Brijlal Anand made an offer to acquire 2.689 million which represent 25.08% stake in Faze Three for an offer price of INR 65 for each share. Post-acquisition, Faze Three Autofab will be delisted from exchange. The Acquirer hereby confirms that he has firm financial arrangements for fulfilling the payment obligations. Ajay Brijlal Anand holds 48.27% stake, along with other promoters who hold 26.65% stake in Faze Three Autofab, intends to delist company upon successful tender offer completion. Transaction is subject to board, Shareholders approval of Faze Three Autofab, and regulatory approvals. The Board approved the delisting offer. As of June 30, 2023, the Faze Three Autofab?s shareholder approved the transaction. As of August 16, 2023, Faze Three Autofab has received in-principle approval for the proposed delisting of Equity Shares from BSE. The bid shall commence at August 29, 2023 (the "Bid Opening Date") and close at September 4, 2023. Keynote Financial Services Limited acted as a manager to the offer for Ajay Brijlal Anand. A. D. Parekh & Associates acted as due diligence provider to Faze Three Autofab. Link Intime India Pvt. Ltd. acted as transfer agent to Ajay Brijlal Anand.

Ajay Brijlal Anand completed the acquisition of 25.08% stake in Faze Three Autofab Limited (BSE:532459) from Foresight Holdings Private Limited, Unirhythm Trading Private Limited, Casa Serai Resorts Private Limited, Cabernet Trading And Advisors LLP, Madhavan Texpro Private Limited, Polson Tie Up Private Limited and others on September 4, 2023. The residual shareholders may offer their shares within a period of one year from the date of delisting.