COUNTER CYCLICAL INVESTMENTS : DISCLOSURES UNDER REGULATION 29(2)

• Counter Cyclical Investments Private Limited, acting as Portfolio Manager and Acquirer, along with its clients (Persons Acting in Concert), held 552,688 shares in TRF Ltd as of October 5, 2026. • This disclosure is made as per Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, following a change in shareholding due to buying activities. • The acquisition involved 13,767 shares, representing 0.13% of the total diluted share capital, bringing the total holding to 566,455 shares or 5.15%. • The mode of acquisition was open market. • The total equity share capital of the Target Company (TRF Ltd) before and after the acquisition remains 110,044,12 Shares. Impact: Neutral (Routine disclosure of shareholding change as per SEBI regulations)

TRF Ltd-$

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