General Updates

REF: CIL/CC/23/2026-27 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: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 – Execution of Definitive Transaction Agreements for Strategic Investment via Issuance of CCPS to NH Investment & Securities Co., Ltd. (‘Investor’) by Choice Equity Broking Private Limited (‘CEBPL’), a material subsidiary of the Company, and disclosure of resulting dilution Dear Sir/ Madam, In accordance with the requirements of Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements), 2015, Choice International Limited (“the Company”) hereby informs that the Company, the Company’s material subsidiary, Choice Equity Broking Private Limited (“CEBPL”) and NH Investment & Securities Co., Ltd., a company incorporated & existing under the laws of the Republic of Korea (“Investor”), have entered into a Shareholders’ Agreement (“SHA”) and a Share Subscription Agreement (“SSA”) (hereinafter collectively referred to as “Definitive Agreements”) for the purpose of issuance of Compulsorily Convertible Preference Shares (“CCPS”) by CEBPL to the Investor. The Company being the promoter/majority shareholder of CEBPL, the Company is a party to the Definitive Agreements. Under the terms of the Definitive Agreements, the Investor has agreed to subscribe to, and CEBPL has agreed to offer, issue, and allot 42,25,350 (Forty-Two Lakh Twenty-Five Thousand Three Hundred and Fifty) CCPS at a subscription price of ₹2,130/- (Indian Rupees Two Thousand One Hundred and Thirty only) per CCPS, comprising a face value of ₹10/- (Indian Rupees Ten only) and a securities premium of ₹2,120/- (Indian Rupees Two Thousand One Hundred and Twenty only) per CCPS, aggregating to ₹8,99,99,95,500/- (Indian Rupees Eight Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Five Thousand Five Hundred only) (the “Investment Amount”), subject to receipt of requisite statutory approvals. Subject to the terms and conditions applicable to the CCPS, the above-mentioned CCPS shall be convertible into equity shares of CEBPL as per the terms of the SSA. The issuance of the CCPS and conversion of the CCPS shall not lead to any change in control of CEBPL. Further, the equity shares to be allotted on conversion of CCPS by CEBPL shall rank pari passu with the existing equity shares of CEBPL. Brief profile of the Investor – Headquartered in Seoul, South Korea, The Investor operates as a core subsidiary of NH Financial Group, building on a legacy that dates back to its establishment in 1969. The Company provides securities brokerage, wealth management, investment banking, and capital markets solutions through a broad network of over 57 domestic branches and offices, complemented by 8 overseas operations across key global financial centers. Backed by a workforce of more than 3,000 professionals, The Investor serves retail, corporate, and institutional clients with a well-established and integrated platform. The proposed investment represents a valuable opportunity for CEBPL to partner with a distinguished and highly reputed investor, reflecting the Investor's confidence in CEBPL’s business model, management, and future prospects. The infusion of capital will strengthen CEBPL's financial position and capital base, providing the resources required to support its growth and expansion plans, pursue strategic opportunities, and meet its evolving business requirements. Please find enclosed additional details under Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (“LODR Regulations”) read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as ”Annexure-A” & “Annexure B” 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) Annexure A Disclosure under Regulation 30 read with Clause 1 of Para A of Part A of Schedule III of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: S. Particulars Details i. The amount and percentage of the The contribution of Choice Equity Broking Private turnover or revenue or income and Limited (CEBPL) to the Company's net worth and net worth contributed by such unit turnover as and for the year ended March 31, 2026, is or division or undertaking or set out in the table below: subsidiary or associate company of the listed entity during the last (Amount in ₹) financial year Name of the Company Net worth Turnover CIL 1782,05,12,658 1119,13,09,942 CEBPL 449,39,38,360 573,25,65,482 % of Contribution 25 51 by CEBPL In ii. Date on which the agreement for 09 July, 2026. sale/issue has been entered into iii. The expected date of completion of The proposed transaction is expected to be completed sale/disposal/issue within 12 months from the execution of the Agreement Date (“Long Stop Date”) or such other date mutually agreed between the Parties, subject to receipt of statutory approvals and upon fulfilment of other conditions precedent stipulated in the SSA. Further the proposed transaction is subject to approval from Exchanges where “CEBPL” is a Member Broker. iv. Consideration received from such ₹8,99,99,95,500/- (Indian Rupees Eight Hundred sale/disposal/issue Ninety-Nine Crore Ninety-Nine Lakh Ninety-Five Thousand Five Hundred only) to be received by CEBPL from the Investor pursuant to subscription of CCPS shares of CEBPL by the Investor. v. Brief details of buyers and whether Established in 1969, NH Investment & Securities Co., any of the buyers belong to the Ltd. has evolved into one of South Korea's leading promoter/ promoter group/group financial institutions, redefining the way investment companies. If yes, details thereof and capital markets services are delivered. As a core subsidiary of NH Financial Group, the Seoul- headquartered firm offers an integrated portfolio of services spanning securities brokerage, wealth management, investment banking, and capital markets. Its strong domestic presence of over 57 branches and offices is complemented by eight overseas operations strategically located across major global financial centers, enabling the firm to bridge local expertise with international market opportunities. Powered by a team of more than 3,000 professionals, NH Investment & Securities serves retail, corporate, and institutional clients with innovative financial solutions, a client-centric approach, and an unwavering commitment to sustainable growth and long-term value creation. The Investor does not belong to the promoter/ promoter group/ group companies. vi. Whether the transaction would fall No. within related party transactions? If yes, whether the same is done at “arm’s length” vii. Whether the sale, lease or disposal Not Applicable of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations viii. Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale Annexure B Disclosure under Regulation 30 read with Clause 5A of Para A of Part A of Schedule III of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: S. Particulars Details a. If the listed entity is a party to the Share Subscription Agreement in relation to CEBPL: agreement, (i) details of the counterparties S. Name of the par [Showing first 8,000 characters — download PDF for full document]