Press Release

REF: CIL/CC/24/2026-27 July 09, 2026 To, To, The Manager, The Manager, Listing Department Listing & Compliance Department, BSE Limited, National Stock Exchange of India Limited, P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai - 400 001. Bandra East, Mumbai – 400051. Scrip Code: 531358 Scrip Code: CHOICEIN ISIN: - INE102B01014 Sub: Press release for issuance of Compulsory Convertible Preference Shares (‘CCPS’) by our material subsidiary Choice Equity Broking Private Limited (‘CEBPL’) to NH Investment & Securities Co., Ltd. (‘Investor’), a company incorporated under the laws of the Republic of Korea. Dear Sir/ Madam, Please find enclosed the press release on strategic partnership by the Company and our material subsidiary, Choice Equity Broking Private Limited (“CEBPL”) with NH Investment & Securities Co., Ltd. a company incorporated and existing under the laws of the Republic of South Korea (“Investor”) through issuance of Cumulative Compulsory Convertible Preference Shares (CCPS) of CEBPL to the Investor. The proposed strategic investment shall representing a significant milestone in the CEBPL's growth and reinforcing confidence in its future trajectory. The capital infusion is expected to strengthen the CEBPL's financial resources, enabling it to support its expansion plans, pursue strategic initiatives, and meet its evolving business and operational requirements. The details of the event are enclosed in the form of “press release”. The above intimation is also available on the website of the Company at www.choiceindia.com Kindly take the above information on your record. Thanking You, Yours Truly, For Choice International Limited Karishma Shah (Company Secretary & Compliance Officer) Press Release Choice International and NH Investment & Securities Establish Strategic Partnership Through ₹9000 Million Investment in Choice Equity Broking Mumbai, July 09, 2026: Choice International Limited ("Choice"), one of India's leading diversified financial services groups, today announced a strategic partnership with NH Investment & Securities Co., Ltd. ("NHIS"), a leading South Korean financial institution and subsidiary of NH Financial Group, through an investment of ₹9000 Million in Choice Equity Broking Private Limited ("CEBPL"), the Broking & Wealth Management arm of Choice. This strategic investment marks a significant milestone in Choice's growth journey and reflects the confidence of NH Investment & Securities (NHIS), one of South Korea's leading financial institutions, in Choice's vision of building a next-generation financial services platform in India. India's capital markets are witnessing unprecedented growth, driven by rising retail participation, increasing investor awareness and rapid digital adoption. Against this backdrop, Choice sees significant opportunities to expand its broking, wealth management, investment distribution and capital market businesses while deepening customer engagement. As part of the transaction, NHIS will be investing ₹9000 million in Choice Equity Broking Private Limited through Compulsorily Convertible Preference Shares (CCPS). The capital infusion will be deployed as growth capital to drive overall business expansion, including the growth of the MTF book, alongside strategic investments in technology, customer acquisition, talent development, product innovation, and business scalability. Beyond capital, the partnership brings significant strategic value by combining Choice's growing presence in India's financial markets with NHIS's global institutional expertise, technology-led operating model and experience in one of Asia's most sophisticated capital markets. The collaboration is expected to facilitate knowledge sharing across institutional broking, research, capital markets, governance, risk management, compliance and operational excellence, while enhancing Choice's institutional capabilities and long-term competitiveness. Supported by this strategic partnership, CEBPL aims to achieve 5x growth across its broking and distribution businesses over the next three years while strengthening its digital capabilities, institutional franchise and customer proposition. By combining Choice's market access and growth momentum with NHIS's global expertise, technology capabilities and innovation ecosystem, the partnership is expected to create long-term value and position Choice to capitalize on the significant opportunities emerging in India's rapidly expanding investment landscape. Management Commentary Commenting on the development, Mr. Arun Poddar, CEO & Executive Director, Choice International Limited, said: "This investment marks a significant milestone in our growth journey and reflects the confidence of a leading global financial institution in our vision, business model and long-term potential. India's financial services sector is at an inflection point, driven by increasing investor participation, digital adoption and the growing need for accessible financial solutions. NHIS brings deep institutional expertise, global market insights and advanced digital capabilities that complement our strengths in serving India's rapidly expanding investor base. Together, we aim to drive innovation, enhance customer experience, expand access to quality financial products and contribute meaningfully to India's financial inclusion agenda. As the country progresses towards its Viksit Bharat 2047 vision, this partnership positions us to create sustainable value for our customers, stakeholders and the broader financial ecosystem." Commenting on the partnership, Mr. Shin Jae Wook, President & CEO of NH Investment & Securities, said: "This strategic investment marks an important milestone in further strengthening NH Investment & Securities' global business portfolio. Through our partnership with Choice Group, we will combine the strengths of both organizations to deliver differentiated financial services and build sustainable long-term growth engines for our global business." About NH Investment & Securities Founded in 1969, NH Investment & Securities Co., Ltd. (NHIS) is a leading South Korean securities and investment banking firm and a core subsidiary of NH Financial Group. Headquartered in Seoul, NHIS offers securities brokerage, wealth management, investment banking, and capital markets solutions, serving retail, corporate, and institutional clients through a network of over 65 branches, global operations, and a workforce of more than 3,000 professionals. *In FY2025, NHIS reported revenue of approximately KRW 15.36 trillion (₹963.07 billion). The company has a market capitalization of approximately KRW 10.9 trillion (₹683.43 billion) by June 2026, reflecting its strong market position and sustained growth. About Choice International Limited Choice International Limited is a diversified financial services and consulting group headquartered in Mumbai. Serving over 1.5 million clients through a network of 65,000+ business associates, the Group offers technology-driven financial solutions across broking, wealth management, lending, insurance, investment banking and asset management company. Recognised as a Great Place to Work, Choice has established a strong pan-India presence within the country's financial services ecosystem. About Choice Equity Broking Private Limited Choice Equity Broking Private Limited (CEBPL), a subsidiary of Choice International Limited, is a technology-led brokerage platform serving retail, HNI, and institutional clients across equity, derivatives, currency, commodity markets, and depository services. With a growing customer franchise and strong distribution reach, CEBPL is committed to democratizing access to investment opportunities and driving greater participation in India's capital markets. For further information, please contact: Ayush Sharma Choice International Limited Contact: +91-22-67079999 Email: ayush.sharma@choiceindia.com Bornali Ghosh Passion4Communication Contact: +91-98 [Showing first 8,000 characters — download PDF for full document]