Sobhagya Capital Options Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulation 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended for the attention of the public shareholders of Arnold Holdings Ltd ("Target Company").

Date: September 08, 2026 Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Subject: Open Offer for acquisition of upto 92,72,250 (Ninety Two Lakh Seventy Two Thousand Two Hundred and Fifty) Equity Shares of Arnold Holdings Limited and hereinafter referred to as "Target" or “Target Company” or “Arnold”) to the Public Shareholders of Target Company by Mr. Pawankumar Mallavat (Acquirer 1) and Allwin Securities Limited (Acquirer 2), (Collectively Referred To As “The Acquirers”). Dear Sir/ Madam, We are pleased to inform you that we have been appointed as Manager to the captioned Open Offer. Please find enclosed herewith the soft copy of PA in PDF format, pursuant to and in compliance with Regulations 3(1) and 4 read with regulations 13 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the “SEBI (SAST) Regulations”). The following persons from our office will remain available to answer queries, if any, in this respect. Contact Person Telephone Email Ms. Menka Jha +91-9920379029 mb@sobhagyacap.com cs@sobhagyacap.com Please acknowledge receipt. Thanking You, Yours Truly, For Sobhagya Capital Options Private Limited Rishabh Singhvi Director DIN: 00374248 PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3(1) AND 4 READ WITH REGULATION 15(1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF ARNOLD HOLDINGS LIMITED Open offer for acquisition of up to 92,72,250 fully paid up equity shares of face value of INR 10 each (“Equity Shares”), representing 39% of the Voting Share Capital (as defined below) of Arnold Holdings Limited (“Target Company”) from the Public Shareholders (as defined below) of the Target Company by Mr. Pawankumar Nathmal Mallawat (Acquirer 1) and Allwin Securities Limited (Acquirer 2) (collectively referred as “the Acquirers”) pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”) (“Open Offer” or “Offer”). This public announcement (“Public Announcement” or “PA”) is being issued by Sobhagya Capital Options Private Limited, the Manager to the Offer (the “Manager”), for and on behalf of the Acquirers to the Public Shareholders (as defined below) of the Target Company, pursuant to and in compliance with Regulations 3(1) and 4 read with Regulation 15 (1) and other applicable regulations of the SEBI (SAST) Regulations. 1. Offer Details 1.1. Offer Size: Up to 92,72,250 fully paid-up equity shares of face value of ₹10 each (“Equity Shares”) of the Target Company (“Offer Shares”), constituting 39% of the Voting Share Capital, subject to the terms and conditions mentioned in this Public Announcement and in the detailed public statement (“DPS”) and the Letter of Offer (“LoF”) proposed to be issued in accordance with the SEBI (SAST) Regulations. 1.2. Offer Price/ Consideration: The Equity Shares are frequently traded in terms of the SEBI (SAST) Regulations. The Open Offer is being made at a price of ₹12.50 (Indian Rupees Twelve Point Five Zero only) per Offer Share of face value of ₹10 each (“Offer Price”), which has been determined in accordance with Regulations 8(1) and 8(2) of the SEBI (SAST) Regulations. Assuming full acceptance under the Open Offer, the total consideration payable by the Acquirers under the Open Offer shall be ₹11,59,03,125 (Indian Rupees Eleven Crores Fifty-Nine Lakhs Three Thousand One Hundred and Twenty Five only). 1.3. Mode of Payment: The Offer Price is payable in cash by the Acquirers in accordance with Regulation 9(1)(a) of the SEBI (SAST) Regulations, and the terms and conditions mentioned in this Public Announcement and to be set out in the Detailed Public Statement and the Letter of Offer that are proposed to be issued for the Open Offer in accordance with the SEBI (SAST) Regulations. 1.4. Type of Offer (triggered offer, voluntary offer/competing offer, etc.): Triggered offer. This Open Offer has been triggered on September 08, 2026 and is being m1 ade by the Acquirers in compliance with Regulations 3(1) and 4 read with Regulation 13 and other applicable provisions of the SEBI (SAST) Regulations pursuant to the execution of the SPA (as defined below) for the acquisition of substantial number of equity shares, voting rights, and control over the Target Company. This Open Offer is not subject to any minimum level of acceptance in terms of Regulation 19 of the SEBI (SAST) Regulations. This Open Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. 1.5. 'SPA' or 'Share Purchase Agreement' shall mean the two (2) share purchase agreement(s) dated September 08, 2026, executed between the Acquirers and the Public Sellers, pursuant to which the Acquirers have agreed to acquire 35,55,500 (Thirty Five Lakhs Fifty Five Thousand Five Hundred) fully paid-up equity shares of the Target Company, constituting 14.95% of the existing fully paid- up equity share capital of the Target Company, from the Public Sellers, at a negotiated price of ₹12/- (Rupees Twelve only) per Sale Share, aggregating to a total consideration of ₹4,26,66,000 (Indian Rupees Four Crores Twenty Six Lakhs Sixty Six Thousand Only). 1.6. 'SPA Date' means the execution date of the SPA, i.e., Tuesday, September 08, 2026. 2. Transactions which have triggered the Open Offer obligations (Underlying Transaction) 2.1. This mandatory Open Offer is being made by the Acquirers pursuant to the execution of a Share Purchase Agreement (“SPA”) entered into with certain public shareholders of the Target Company. Mr. Pawankumar Nathmal Mallawat (“Acquirer 1”) and Allwin Securities Limited (“Acquirer 2”) have entered the separate SPAs with Harivardhan Enterprises Private Limited (Formerly known as Harivardhan Steel & Alloys Private Limited ) and Khattu Hospitality Private Limited (Formerly known as Khattu Constructions and Developers Private Limited) for the acquisition of 35,55,500 Equity Shares representing 14.95% of the voting share capital of the Target Company. 2.2. Pursuant to the execution of the SPA, the aggregate shareholding of the Acquirers shall increase from 2.52% to 17.48% of the voting share capital of the Target Company, thereby exceeding the threshold prescribed under Regulation 3(1) of the SEBI (SAST) Regulations. Further, the Acquirers propose to acquire control over the Target Company. Accordingly, the proposed acquisition has triggered an open offer obligation under Regulations 3(1) and 4 read with Regulations 13 and 14 of the SEBI (SAST) Regulations. 2.3. Consequent to the proposed acquisition under the SPA: (a) Acquirer 1 shall acquire 28,90,000 Equity Shares representing 12.16% of the voting share capital of the Target Company; (b) Acquirer 2 shall acquire 6,65,500 Equity Shares representing 2.80% of the voting share capital of the Target Company; and (c) the aggregate shareholding of the Acquirers shall increase from 2.52% to 17.48% of the voting share capital of the Target Company. 2.4. The proposed acquisition is a direct acquisition being undertaken pursuant to the execution of the SPAs with certain public shareholders of the Target Company. Upon completion of the proposed acquisition and the Open Offer, the Acquirers shall acquire control over the Target Company in accordance with the provisions of the SEBI (SAST) Regulations. 2.5. Details of the Underlying Transaction: Mr. Pawankumar Nathmal Mallawat (Acquirer 1) and Allwin Securities Limited (Acquirer 2) have entered into separate SPAs with the two Sellers: Shares/Voting Type of 2 Rights Total Transaction Mode of Mode ofR egulation acquired/propo Consideration (direct/ Transaction Payment Triggered sed to be (₹) indirect) acquired Regulations 35,55,500 Equity 3(1) [Showing first 8,000 characters — download PDF for full document]