Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1) and 4 read with Regulations 13(4), 14(3) and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, for the attention of he Public Shareholders of GSL Securities Ltd ("Target Company").

(“LoF”), which will be sent to the Public Shareholders of the Target Company. DETAILED PUBLIC STATEMENT IN TERMS OF REGULATIONS 3(1) AND 4 READ WITH REGULATIONS 13(4), 14(3) AND 15(2) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED, 2. All Public Shareholders of the Target Company registered or unregistered are eligible to participate in the Offer in terms of Regulation 7(6) of the SEBI (SAST) Regulations, 2011. FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF GSL SECURITIES LIMITED 3. A prior approval from Reserve Bank of India, Mumbai (“RBI”) is to be obtained by the Acquirers and the Target Company under direction 42 of Master Direction, Reserve Bank of India (Non-Banking Financial Company–Scale Based Regulation) Directions, 2023 as (CIN: L65990MH1994PLC077417) amended from time to time, for acquisition of equity shares, change in management by way Registered Office: 1/25 & 1/26, 1st Floor, Tardeo Airconditioned Market Society, Tardeo Road, Mumbai - 400034, Maharashtra, India of sole control of Non-Banking Finance Company. As the Target Company is registered Contact No.: + 91 22 6630 1060 • Email ID: gslsecuritiesltd@gmail.com • Website: www.gslsecurities.com with RBI as a NBFC, the aforesaid RBI Circular is applicable and binding. Open Offer for acquisition up to 11,11, 526 fully paid-up equity shares having face Details of Shares/Voting Rights held by the 4. This Offer is not conditional upon any minimum level of acceptance by the Equity value of `10 each (“Offer Shares”) representing 26.00% of the Voting Share Capital (as Selling Shareholder Shareholders of the Target Company in terms of Regulation 19(1) of the SEBI (SAST) defined below) of GSL Securities Limited (“GSL”/“Target Company”) from the public Part of Regulations, 2011. Pre-Transaction Post Transaction shareholders (as defined below) of Target Company, in terms of Securities and Exchange Promoter/ Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Sr. Name, PAN & Address Promoter % vis a % vis a 5. This is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations, subsequent amendments thereto (“SEBI (SAST) Regulations, 2011”) by Mr. Shrikant No. Group vis total vis total 2011. Mitesh Bhangdiya (“Acquirer 1”), Ms. Aarti Shrikant Bhangdiya (“Acquirer 2”) and (Yes/No) Number Voting Number Voting 6. The equity shares of the Target Company which will be acquired by the Acquirers are Share Share Ms. Sonal Kirtikumar Bhangdiya (“Acquirer 3”) (“Acquirer 1”, “Acquirer 2” and “Acquirer fully paid up, free from all liens, charges and encumbrances and together with the rights Capital Capital 3” hereinafter collectively referred to as “Acquirers”) (“Open Offer”/“Offer”), pursuant to attached thereto, including all rights to dividend, bonus and rights offer declared thereof. and in compliance with the requirements of the Securities and Exchange Board of India 2) Ms. Shailja Bagrodia Yes 4,03,700 9.44% Nil N.A. (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent (“Promoter Seller 2”) 7. As on date, there are no instruments pending for conversion into equity shares. amendments thereto. PAN: AACPB1174E 8. The Manager to the Offer viz., Mark Corporate Advisors Private Limited does not hold any Address: This Detailed Public Statement (“DPS”) is being issued by Mark Corporate Advisors Private 93, Landmark, 9th Floor, equity shares in the Target Company. They declare and undertake that they shall not deal Limited (“Manager to Open Offer”) for and on behalf of the Acquirers, to the public shareholders Carmichael Road, in the equity shares of the Target Company during the period commencing from the date of (as defined below) of the Target Company in compliance with Regulations 3(1) and 4 read with Cumballa Hill, triggering the Offer till the expiry of 15 (fifteen) days from the date on which the payment of Regulations 13(4), 14(3), 15(2) and other applicable regulations of SEBI (SAST) Regulations, Mumbai-400026, consideration to the shareholders who have accepted the Open Offer is made, or the date 2011 and pursuant to the Public Announcement (“PA”) filed through email with Securities and Maharashtra, India on which the Open Offer is withdrawn as the case may be. Exchange Board of India (“SEBI”), BSE Limited, Mumbai (“BSE”), and the Target Company on September 16, 2026 and submitted the hard copy to SEBI on September 17, 2026. 3) Mr. Kumaar Bagrodia Yes 2,51,500 5.88% Nil N.A. 9. The Acquirers does not have any plans to alienate any significant assets of the Target (“Promoter Group Seller 3”) Company whether by way of sale, lease, encumbrance or otherwise for a period of two For the purposes of this DPS, the following terms shall have the meaning assigned to them PAN: AACPB0154E (2) years except in the ordinary course of business. The Target Company’s future policy herein below: Address: (i) “ sE hq au reit cy a S ph itaa lr e o fC tha ep i Tt aa rl” g/ e“V t o Ct oin mg p S anh ya r oe n C aa fp ui lt lya l d” ils uh tea dll m bae sa isn e4 x2 p,7 e5 c, t1 e0 d0 a f su olly f tp ha ei d te-u np th e (q 1u 0i tt hy ) 9 C3 a, r mLa icn hd am ea l r Rk o, a9 dth ,Floor, f bo er dd eis cp ido es da l bo yf itit ss Ba os as re dt s o, f if D a irn ey c, t ow rsit ,h sin u btw jeo c t ( t2 o) ty he ea ars p pfr lio cm ab lt eh e p rc oo vm isp iole nt sio on f o thf eO laff wer aw ni dll working day from the closure of the Tendering Period of the Open Offer; Cumballa Hill, subject to the approval of the shareholders through Special Resolution passed by way of Mumbai-400026, postal ballot in terms of Regulation 25(2) of the Regulations. (ii) “Promoter/Promoter Group Sellers”/“Sellers” shall mean the following: Maharashtra, India 10. As per Regulation 38 of the SEBI (LODR) Regulations read with Rule 19A of the SCRR, Sr. Name of the Promoter/Promoter Group Sellers Category 4) Shree Kumar Mangalam Yes 2,45,000 5.73% Nil N.A. the Target Company is required to maintain minimum public shareholding, as determined No. Traders Private Limited in accordance with the SCRR, on a continuous basis for listing. Upon completion of the (“Promoter Group Seller 4”) 1) Mr. Sant Kumar Bagrodia Promoter Seller 1 Transactions, if the public shareholding of the Target Company falls below the minimum PAN: AAACS6533K 2) Ms. Shailja Bagrodia Promoter Seller 2 CIN: level of public shareholding as required to be maintained by the Target Company as per 3) Mr. Kumaar Bagrodia Promoter Group Seller 3 U51900MH1987PTC044208 the SCRR and the SEBI (LODR) Regulations, the Acquirers undertakes to take necessary Registered Office Address: steps to facilitate the compliance by the Target Company with the relevant provisions 4) Shree Kumar Mangalam Traders Private Limited Promoter Group Seller 4 93, Landmark, 9th Floor, prescribed under the SCRR as per the requirements of Regulation 7(4) of the SEBI (SAST) 5) Mangalam Exim Private Limited Promoter Group Seller 5 Carmichael Road, Regulations, 2011 and/or the SEBI (LODR) Regulations, within the time period stated 6) Nalini Stock Brokers Private Limited Promoter Group Seller 6 Cumballa Hill, therein, i.e., to bring down the non-public shareholding to 75.00% within 12 months from Mumbai-400026, the date of such fall in the public shareholding to below 25.00%, through permitted routes (iii) “Public Shareholders” shall mean all the shareholders of the Target Company, who are Maharashtra, India and/or any other such routes as may be approved by SEBI from time to time. Any failure to eligible to tender their fully paid-up equity shares, excluding (i) the existing Promoter/ 5) Mangalam Exim Private Yes 3,32,500 7.78% Nil N.A. comply with minimum public shareholding requirement may lead to non-compliance with Promoter Group of the Target Company; (ii) Acquirers; and (iii) any person deemed to Limited the provisions of SCRR and SEBI (LODR) Regulatio [Showing first 8,000 characters — download PDF for full document]