AMIR CHAND JAGDISH KUMAR (EXPORTS) LIMITED : SAUDI ARABIA STEP-DOWN SUBSIDIARY ACQUIRES 100% SHARES OF AMIR CHAND TRADING COMPANY

• Amir Chand Trading Company, Saudi Arabia, is a newly formed entity with nil turnover as it has not commenced operations. • The acquisition falls within related party transactions as it is a wholly owned subsidiary. The promoter/promoter group has no interest other than through the company. • The entity belongs to the Rice and Fast-Moving Consumer Goods (“FMCG”) industry. • The object of the acquisition is to establish the company's direct presence in the Saudi market and commence business in Saudi Arabia. • Consideration is cash, by way of subscription to equity share capital, for SAR 1,00,000 (100 shares of SAR 1000 each). • The company has today, September 24, 2026, remitted USD26630 equivalent to SAR 1,00,000 towards initial subscription to the share capital.

Amir Chand Jagdish Kumar (Exports) Limited

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