General Updates

Date: September 21, 2026 To, To, The Listing Department, Department of Corporate Services National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E) Dalal Street, Fort, Mumbai – 400 051 Mumbai - 400 001 NSE Symbol: PERNIASPOP BSE Scrip Code: 544901 Subject: Disclosure under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, Pursuant to Regulation 30 read with Para A of Part A to Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of Purple Style Labs Limited (“Company”), at its meeting held on Monday, September 21, 2026, at 03:30 p.m. and concluded at 04:10 p.m., has considered and approved the investment of USD 7 million by acquisition of 7 million Class B Common Stock of Purple Style Labs USA, Inc., wholly owned subsidiary of the Company. The investment would be primarily funded from the proceeds from the Initial Public Offer (“IPO”) of the Company. Further, the details as required in accordance with the SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, are provided herewith under the Annexure hereto. Kindly take the same on record. Thanking You, For and on Behalf of Purple Style Labs Limited Gulshan Mumtaz Khan Company Secretary and Compliance officer Membership Number: A57061 Address: CTS No. 1081, Plot No. 110, TPS Village, Service Road, Western Express Highway, Vile parle (East), Mumbai, Maharashtra – 400057, India. Annexure Disclosure under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Securities Exchange Board of India Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as updated from time to time. Sr. Particulars Details of Investment in Purple Style Labs USA, Inc. 1. Name of the target entity, details in Name of target entity: Purple Style Labs USA, Inc. (“PSL brief such as size, turnover etc. USA”) Brief details: PSL USA was incorporated as a Delaware Corporation registered with Division of Corporations, Secretary of State, Delaware United States of America. Turnover for the period from April 16, 2025, to March 31, 2026: INR 11.58 Million Share capital as on the date of this intimation: (a) 10,000,000 Class A Common Stock of par value $0.00001 each aggregating to USD 100; and (b) 2,000,000 Class B Common Stock of par value $1 each aggregating to USD 2 million. 2. Whether the acquisition would fall PSL USA, being a wholly owned subsidiary of the Company, within related party transaction(s) is a related party under Section 2(76) of the Companies and whether the promoter/ Act, 2013 (“Act”). The transaction being undertaken is in promoter group/ group companies accordance with the objects of the IPO stated in the offer have any interest in the entity being document of the Company and is on an arm’s length basis. acquired? If yes, nature of interest and details thereof and whether the Further, the interests of Promoters/Promoter Group of the same is done at “arm’s length” Company are as follows: a. Promoter: Mr. Abhishek Agarwal, Whole-time Director and Chief Executive Officer, Promoter and shareholder of the Company, also serves as the President, Secretary and Treasurer of PSL USA. b. Members of Promoter Group: Ms. Priyanka Agarwal and Ms. Payal Agarwal, immediate relatives of the Promoter are shareholders of the Company. Except to the extent of shareholding in the Company of Promoter and members of Promoter Group, and positions held by the Promoter as stated above, none of the Promoter, members of the Promoter Group, or group companies of the Company have any interest in the transaction. 3. Industry to which the entity being Commercial. acquired belongs 4. Objects and impact of acquisition As disclosed under "Objects of the Issue" section in the (including but not limited to, prospectus dated September 02, 2026, filed by the disclosure of reasons for acquisition Company with Registrar of Companies, Mumbai I of target entity, if its business is (“Prospectus”), the objects for which the Net Proceeds (as outside the main line of business of defined in the Prospectus) of the IPO are proposed to be the listed entity) utilized include (but not limited to) general corporate purposes of the Company and its subsidiaries. The proposed investment shall be primarily made from the Net Proceeds (i.e. to the extent of INR 530 Millions) and accordingly, the investment proceeds will be utilised by PSL USA for its general corporate purposes, in accordance with the terms of the Prospectus. 5. Brief details of any governmental or Relevant permission / approval from authorized dealer regulatory approvals required for the bank for the proposed overseas direct investment under acquisition Foreign Exchange Management (Overseas Investment) Rules, 2022. 6. Indicative time period for completion Within 30 days of receiving the relevant approval from the of the acquisition authorised dealer bank. 7. Consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the price at USD 7 Million comprising of 7 Million Class B Common which the shares are acquired Stock at par value of USD 1 each 9. Percentage of shareholding / control The Company currently holds 100% of the common stock acquired and / or number of shares of PSL USA and will continue to hold the same percentage acquired of common stock of PSL USA upon completion of the proposed investment. 10. Brief background about the entity Brief background: acquired in terms of products/line of business acquired, date of PSL USA, incorporated in Delaware, United States of incorporation, history of last 3 years America, currently operates the business of retail across turnover, country in which the categories like womenswear, menswear and others acquired entity has presence and any including jewelry, accessories, and kidswear through a other significant information (in physical experience centre under the trade name Pernia’s brief) Pop-Up Studio in New York City. Date of incorporation: April 16, 2025 History of last 3 years turnover of PSL USA is as follows: *Financial Year Turnover (in USD) For period April 16, 2025, to 11.58 Million March 31 2026 *The Company was incorporated on April 16, 2025, and hence turnover for previous period is not available.