AFLOAT : APPROVES MOU TO EXPLORE UP TO 100% STAKE ACQUISITION IN DREAM MEDIA NETWORK

• MOU with Dream Media Network Private Limited to explore a strategic association, contemplating acquisition of up to 100% stake via share swap and/or equity issuance • Deal to be based on valuation report of an independent valuer; no money value disclosed in the filing • Separate MOU with Alvora Jewels for purchase and sale of jewellery and related products on mutually agreed terms • Board took note of resignation of three non-executive independent directors (Swati Jain, Kanwar Nitin Singh, Lovish Kataria) effective October 21, 2026 • Board committees reconstituted with immediate effect; Mohit Lochan chairs audit committee and stakeholder relationship committee • Registered office shifted within Delhi to Jangpura Extension, South Delhi, effective immediately

Adishakti Loha and Ispat Ltd

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