SHARDUL : LAUNCHES BUY-BACK UP TO RS 115.20 CR AT ₹60 PER SHARE

• Buy-back of up to 1.92 Cr equity shares at ₹60/share for aggregate up to ₹115.20 Cr • Represents 21.94% of total paid-up equity capital of 8.75 Cr shares • Tender offer route on BSE; window open October 14 to October 21, 2026 • Buy-back price at 50.26% premium to BSE closing price on August 7, 2026 • Promoters (74.85% stake) intend to tender entire holding; may rise to 77.36% post buy-back • To be funded from free reserves; small shareholder entitlement ratio 16:17

Shardul Securities Ltd

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