Agreements

JFLL/CS/SE/2026-2027/30 Date: July 14, 2026 Listing Department, Listing Operations Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Bandra Kurla Complex, P.J. Towers, Dalal Street, Bandra East, Mumbai-400051. Mumbai – 400 001. NSE Trading Symbol: JETFREIGHT BSE Scrip Code: 543420 ISIN: INE982V01025 Subject: - Outcome of the Board Meeting held today i.e. on Tuesday, July 14, 2026. Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of Jet Freight Logistics Limited (“the Company”) at their meeting held today i.e. on Tuesday, July 14, 2026 have agreed to make a strategic investment in Natwest Trade & Logistics Services – FZCO, a Free Zone Company ("the Investee Company") by acquiring and/or subscribing to ordinary shares equivalent to 45% of the enhanced issued and paid-up share capital of the Investee Company in one or more tranches. Towards this end, the Company has today, i.e. July 14, 2026 entered into the Share Subscription and Shareholders' Agreement wherein the said agreement would regulate the rights & obligations of the shareholders inter-se and for the internal management of the Investee Company. The said Agreement, inter alia, envisages subscription to the ordinary shares equivalent to 45% of enhanced issued and paid-up share capital of the Investee Company. The Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/l/3762/2026 dated January 30, 2026 is enclosed herewith and marked as “Annexure A”. The meeting of the Board of Directors of the Company commenced at 05:02 p.m. and concluded at 05:30 p.m. All the above information are also available on the Company's website at https://www.jfll.com/. Kindly take the same on your record and disseminate. Yours faithfully, Thanks & Regards, For Jet Freight Logistics Limited, Anmol Ashvin Patni Company Secretary & Compliance Officer Annexure A Disclosure under Sub-Para (1) of Para A of Part A of Schedule Ill to the Regulation 30 of SEBI Listing Regulations read with Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026. Sr. No. Particulars Details 1. Name of the target entity, details in Natwest Trade & Logistics Services – FZCO brief such as size, turnover etc. (“the Investee Company”) As on today, the Authorized and Paid up Share Capital of the Investee Company is AED 50,000, divided into 100 ordinary shares with a face value of AED 500 each. The turnover of the Investee Company is AED 3,50,000 for previous Fiscal 2025. 2. Whether the acquisition would fall The acquisition does not fall within related within related party transaction(s) and party transaction(s). The promoter/ promoter whether the promoter/ promoter group/ group companies does not have any group/group companies have any interest in the Investee Company. interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3. Industry to which the entity being General Trading, Freight Brokerage, acquired belongs Management Consultancy Services and Technology-driven Freight & Cargo Brokering Services, providing digital logistics solutions through technology- enabled freight aggregation and cargo management platforms. 4. Objects and impact of acquisition The primary objective of the proposed (including but not limited to, disclosure acquisition is to expand the Company's of reasons for acquisition of target international footprint and strengthen its entity, if its business is outside the main global logistics network by enhancing its line of business of the listed entity) freight forwarding capabilities, leveraging technology-driven logistics solutions, facilitating cross-border trade, and establishing a strategic presence in one of the world's leading logistics hubs. The proposed investment is expected to support the Company's long-term growth strategy and create sustainable value for its shareholders through participation in a high-growth, technology-enabled logistics platform. 5. Brief details of any governmental or None regulatory approvals required for the acquisition 6. Indicative time period for completion Tentatively 2 years of the acquisition 7. Consideration - whether cash The consideration for the proposed consideration or share swap or any acquisition shall be discharged by way of other form and details of the same cash consideration. 8. Cost of acquisition and/ or the price at Subscription to the ordinary shares of the which the shares are acquired Investee Company is done at a mutually agreed valuation of the Investee Company and in accordance with the terms specified in the agreement executed between the parties at an acquisition cost of Rs. 18 (Eighteen) Crores payable in tranches. 9. Percentage of shareholding / control The Company has agreed to subscribe/ acquired and / or number of shares acquire ordinary shares equivalent to 45% of acquired enhanced issued and paid-up share capital of the Investee Company. 10. Brief background about the entity • The Investee Company is a Free Zone acquired in terms of products/line of Company founded by Mr. Abhinav Batra. business acquired, date of • The Investee Company is licensed to incorporation, history of last 3 years conduct business activities viz.; General turnover, country in which the acquired Trading, Freight Brokerage, Management entity has presence and any other Consultancy Services. significant information (in brief) • The Investee Company was incorporated on November 22, 2024 as a Free Zone Company under the rules and regulations of the Dubai Integrated Economic Zones Authority (DIEZA) / IFZA, Dubai Silicon Oasis, UAE. • Since the Investee Company was incorporated on November 22, 2024, the history of last 3 years’ turnover is not being provided. • The Investee Company has its presence across United Arab Emirates.