SHIVALIK RASAYAN: DISCLOSES ACQUISITION OF WARRANTS

• Ginnerup Capital ApS acquired 3,99,990 Fully Convertible Warrants convertible into equity shares, representing 5.34% of the diluted paid-up share capital. • Acquisition occurred on September 14, 2026, pursuant to a preferential allotment. • Before acquisition, Ginnerup held 5,06,550 shares (3.22% total share capital). • After acquisition, Ginnerup holds 5,06,550 shares (3.16% total share capital) and 3,99,990 warrants (2.36% of diluted share capital). • Total holding post-acquisition is 9,06,540 (5.34% of diluted share capital). Impact: Neutral (Regulatory disclosure of warrant acquisition)

Shivalik Rasayan Ltd

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