Beeline Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement under Regulation 18(7) of SEBI (Substantial Acquisiton of Shares and Takeovers) Regulations, 2011, as amended ("SEBI (SAST) Regulations") for the attention of the Public Shareholders of ECS Biztech Ltd ("Target Company").

PRE-OFFER ADVERTISEMENT UNDER REGULATION 18(7) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED, ("SEBI (SAST) REGULATIONS") FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF ECS BIZTECH LIMITED (CIN: L30007GJ2010PLC063070) Registered Office: B-02, The First, ECS Corporate House, behind keshvbaug Party Plot, Off 132 Ft. Road, Vastrapur, Ahmedabad- 380015, Contact No.: +91 8980005048; Email Id: secretarial@ecscorporation.com; Website: www.ecscorporation.com This Pre-offer advertisement is being issued by Beeline Capital Advisors Private Limited (the “Manager to the Offer”), on behalf of Mr. Rakesh Ramanlal Shah (“Acquirer- 1”) and Komal Infotech Private Limited (Acquirer-2), (“herein after collectively referred as “Acquirers”) pursuant to Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 as amended (“SEBI (SAST) Regulations”) in respect of the Open Offer to acquire upto 53,44,313 (Fifty-Three Lakhs Forty-Four Thousand Three Hundred and Thirteen) Fully Paid Up Equity Shares of the face value of Rs. 10/- each, representing 26.00% of the total paid-up / voting Share Capital of the Target Company, at an offer price of Rs. 10.50/- (Rupees Ten and Paise Fifty Only) per fully paid-up Equity Share (the “Offer Price”) payable in Cash. Further, by way of this advertisement, corrigendum to Detailed Public Statement published in newspapers on August 05, 2026 is also being issued pursuant to the changes/amendments advised by the SEBI vide its letter dated August 31, 2026. This Pre-Offer Advertisement should be read in continuation of and in conjunction with the: (a) Public Announcement dated July 29, 2026 ("Public Announcement" or "PA"); (b) Detailed Public Statement which was published on August 05, 2026 in the newspapers namely Financial Express (English), Jansatta (Hindi), Pratahkal (Marathi) and Financial Express (Gujarati) ("Detailed Public Statement" or "DPS"); (c) Draft Letter of Offer dated August 12, 2026 ("Draft Letter of Offer" / "DLoF"); and (d) Letter of Offer dated September 05, 2026 ("Letter of Offer" / "LoF"). The Equity Shareholders of the Target Company are requested to kindly note the following information related to the Open Offer: 1) Offer Price: The offer price is Rs. 10.50/- (Rupees Ten and Paise Fifty Only) per Equity Share (“Offer Price”). There has been no revision to the Offer Price. 2) Recommendation of the Committee of Independent Director (IDC): The Committee of Independent Directors ("IDC") of the Target Company has issued recommendation on the Offer, which was published on September 15, 2026 (except in Financial Express (English) – Mumbai, Chennai, Bengaluru, Kochi & Hyderabad and Pratahkal (Marathi )- Mumbai editions wherein it was not published due to "No publication" on September 15, 2026 due to holiday on September 14, 2026 on account of Ganesh Chaturthi and in which it will be published on September 16, 2026) in the above-mentioned newspapers and the relevant extract of the same are as under: Recommendation on the Open Offer, as to whether the Based on a review of the relevant information (as set out in the summary of reasons for recommendation offer is fair and reasonable below), the IDC is of the opinion that the Offer Price of `10.50 per Equity Share is in accordance with the applicable regulations being SEBI (SAST) Regulations 2011 and accordingly, is fair and reasonable. Summary of reasons for recommendation IDC has reviewed (a) The Public Announcement ("PA") dated July 29, 2026 in connection with the Open Offer issued on behalf of the Acquirers; (b) The Detailed Public Statement ("DPS") published on August 05, 2026; and (c) The Letter of Offer ("LoF") dated September 05, 2026. Based on the review of PA, DPS and LoF, the IDC is of the opinion that the Offer Price of `10.50 per equity share for public shareholders offered by the Acquirers is in line with the regulation prescribed by SEBI under the SEBI (SAST) Regulations and prima facie appears to be justified as i) the offer price is higher than the price determined in terms of Regulation 8(1) and 8(2) of the SEBI (SAST) Regulations; ii) the Equity Shares of the Company are not frequently traded on BSE within the meaning of Regulation 2(1)(j) of the SEBI (SAST) Regulations. Keeping in view the above facts, IDC is of the view that the Offer Price of this Open Offer is fair and reasonable. However, the Public Shareholders should independently evaluate the Offer and take informed decision in the matter. 3) This Offer is not a Competing Offer as per Regulation 20 of the SEBI (SAST) Regulations. There is no competing offer to this Open Offer. 4) Purva Sharegistry (India) Private Limited, Registrar to the offer, has confirmed that the dispatch of Letter of Offer to the Public Shareholders of the TC as on the Identified Date i.e., September 02, 2026, in accordance with Regulation 18(2) of SEBI (SAST) Regulations, 2011, has been completed through electronic mode and physical mode on September 09, 2026. The Identified Date was relevant only for the purpose of determining the Public Shareholders to whom the LoF was to be sent. It is clarified that all the Public Shareholders (even if they acquire equity shares and become shareholders of the Target Company after the Identified Date) are eligible to participate in the Open Offer. 5) Please note that copy of Letter of Offer (including Form of Acceptance cum Acknowledgement) is also available on SEBI’s website: www.sebi.gov.in. Public Shareholders of the Target Company may download the LoF as well as the Form of Acceptance from the website of SEBI at www.sebi.gov.in, BSE at www.bseindia.com and Manger to the Offer at www.beelinemb.com. A summary of the procedure for tendering of equity shares in the Open Offer is as below: a. In the case of Equity Shares held in physical form: Eligible Public Shareholders who are holding physical Equity Shares and intend to participate in the Open Offer shall approach Selling Broker, who, after verification of the documents including physical share certificate, should place bids. For further details including documents required, please refer paragraph 8.12 of the LoF. b. In case of Equity Shares held in dematerialized form: The Eligible Public Equity Shareholders who are holding the Equity Shares in electronic / dematerialized form and who desire to tender their Equity Shares in this Offer shall approach their respective Stock Broker (‘Selling Broker’) indicating details of Shares they wish to tender in the Open Offer. The Eligible Public Equity Shareholders holding Equity Shares in demat mode are not required to fill any Form of Acceptance. For further details please refer paragraph 8.11 of the LoF. c. In case of non-receipt of the Letter of Offer: such Public Shareholders of the Target Company may download the same from the SEBI website (www.sebi.gov.in) or BSE website (www.bseindia.com) or obtain a copy of the same from the Registrar to the Offer on providing suitable documentary evidence of holding of the Equity Shares of the Target Company. Alternatively, in case of non-receipt of the Letter of Offer, shareholders holding shares may participate in the Offer by providing their application in plain paper in writing signed by all shareholder, stating name, address, distinctive numbers, folio nos, number of shares tendered, client ID number, DP name, DP ID number, number of shares tendered and other relevant documents such as physical share certificate and Form SH-4 in case of shares being held in physical form. Such shareholders have to ensure that their order is entered in the electronic platform to be made available by BSE before the closure of the Offer via Selling Broker. 6) SEBI, vide its letter bearing reference no. HO/49/12/11(84)2026-CFD-RAC-DCR1 dated August 31, 2026 issued its comments on the Draft Letter of Offer which was submitted to SEBI. The comments specified by SEBI i [Showing first 8,000 characters — download PDF for full document]