Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR Regulations

Date of Board Meeting / Approval: Saturday, 13 June 2026

Meeting Time: Commenced at 10:30 AM and concluded at 12:45 PM

Corporate Actions:

Preferential Warrant Issuance:

  • The Board approved creation, offer, issue and allotment of 77,02,182 (Seventy-Seven Lakh Two Thousand One Hundred And Eighty-Two) warrants
  • Each warrant is fully convertible into 1 fully paid-up equity share of face value ₹2 each
  • Warrant Issue Price: ₹779.00 per warrant (including premium of ₹777.00 each)
  • Total consideration: ₹599,99,99,778/- (Five Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Seven Hundred And Seventy-Eight Only)
  • Conversion period: 18 months from date of allotment
  • Payment terms: 25% payable at subscription, 75% payable at conversion

Allottee Details:

| Sr. No. | Name | Category | Number of Warrants | Aggregate Consideration (₹) |

| 1. | Dr. Abhinay Bollineni | Promoter | 32,09,242 | ₹2,49,99,99,518/- |

| 2. | Mr. Adwik Bollineni | Promoter | 32,09,242 | ₹2,49,99,99,518/- |

| 3. | Bharas Ventures LLP | Promoter Group | 12,83,698 | ₹1,00,00,00,742/- |

| Total | | | 77,02,182 | ₹5,99,99,99,778/- |

Shareholding Impact (assuming 100% conversion):

  • Dr. Abhinay Bollineni: Pre-issue 2,36,495 shares (0.06%) → Post-issue 34,45,737 shares (0.84%)
  • Mr. Adwik Bollineni: Pre-issue 40,640 shares (0.01%) → Post-issue 32,49,882 shares (0.80%)
  • Bharas Ventures LLP: Pre-issue NIL shares → Post-issue 12,83,698 shares (0.31%)
  • Total Promoter & Promoter Group: Pre-issue 13,64,89,330 shares (34.11%) → Post-issue 14,41,91,512 shares (35.35%)

Extraordinary General Meeting:

  • EGM approved for 09 July 2026 through video conferencing
  • Purpose: To seek shareholder approval for the preferential warrant issuance

Regulatory Compliance:

  • Relevant Date for pricing: Tuesday, 09 June 2026
  • Price determined as per Regulation 164 of SEBI ICDR Regulations and company's articles of association
  • Based on valuation report from registered valuer
  • Subject to shareholder and regulatory approvals

Additional Terms:

  • Warrants can be exercised in one or more tranches
  • If not exercised within 18 months, entitlement expires and paid amounts are forfeited
  • Nature of consideration: Cash