POPEES : ACQUIRES 99.31% OF POPEES BABY CARE PRODUCTS WORTH RS 47 CR

• Board approved share subscription and share purchase agreement to acquire 99.31% of Popees Baby Care Products Limited (PBCPL) via share swap • Consideration other than cash: up to 2.60 Cr equity shares and 98.53 lakh convertible warrants at ₹142.44 each issued to PBCPL promoters and non-promoters • Aggregate cost of acquisition ~₹511.33 Cr (equity shares ~₹370.98 Cr; warrants ~₹140.35 Cr) • PBCPL trades and manufactures baby products, garments and fashion apparel; FY26 turnover ₹161.93 Cr v ₹135.30 Cr in FY25 • Post-swap promoter holding to rise to 69.63%; acquisition to complete within 15 days of stock exchange approval • Authorised share capital to rise to ₹47 Cr from ₹10.25 Cr; EGM on 18 November 2026, relevant date 19 October 2026

Popees Baby Care India Ltd

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