Kumbhat Financial Services Ltd

Saffron Capital Advisors Pvt. Ltd. (the Manager to the Offer) has submitted to BSE a copy of Announcement for Withdrawal of Open Offer under Regulation 23(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 (SEBI (SAST) Regulations 2011) for the attention of the shareholders of Kumbhat Financial Services Ltd (Target Company).