MEHAI: INDIA STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY SHARES OF HI-TECH SERVICES

• Share Purchase Agreement dated 12 October 2026 to acquire 100% of issued and paid-up equity share capital of Hi-Tech Services Private Limited • Total cash consideration ₹4.5 Cr (Rupees Four Crore Fifty Lakh only), payable per agreement terms • Target is an India-based IT/ITeS company engaged in data processing, consultancy and dealing in computer systems, software and peripherals • Target paid-up equity capital ₹32,80,300, divided into 28,030 equity shares of ₹10 each • Target turnover was NIL for FY 2023-24, FY 2024-25 and FY 2025-26 • Acquisition is not a related party transaction; promoter/promoter group has no interest in the target • Completion subject to conditions precedent and share transfer formalities under the SPA

Mehai Technology Ltd

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