The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Solidarity Advisors Pvt Ltd

Date- 22 June 2026 To, To, Department of Corporate Services Compliance Officer & Company Secretary Listing Department Axtel Industries Limited BSE Limited Vadodara – Halol Highway, Baska, Phiroze Jeejeebhoy Towers Panchmahal – 389 350, Dalal Street Gujarat, India. Mumbai- 400001, India Dear Madam Sir, Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Solidarity Advisors Private Limited, acting under the ambit of its SEBI-registered Portfolio Management Services (PMS) license holds equity shares of Axtel Industries Limited (INE767C01012, BSE Code: 523850) whose equity shares are listed on a recognized stock exchange. In this regard, Solidarity Advisors Private Limited (“Acquirer”), pursuant to an open market transaction dated June 19, 2026, has acquired 70,824 equity shares (representing 0.44% of the equity share capital) of Axtel Industries Limited (“Target Company”) which taken together with the existing holding of the Acquirer, along with persons acting in concert, aggregates to 5.20% of the total equity share capital of the Target Company. In this regard, please find attached herewith the disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the change in shareholding of AXTEL INDUSTRIES LIMITED The disclosure is being submitted within the stipulated time as prescribed under the SEBI (SAST) Regulations, 2011. This is for your information and record. Thanking you. Yours faithfully, For Solidarity Advisors Private Limited Ms Naarah Myron Pereira Head of Compliance Contact details: +91 9920 890191 Email : NP@SOLIDARITY.IN Encl : Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 SOLIDARITY ADVISORS PVT. LTD. Regd. Office: 101, Buena Vista, St. Alexius Road, Bandra West, Mumbai 400050 Corporate Office: 704 & 705, Balarama, E-Block,Bandra Kurla Complex, Bandra East, Mumbai 400051 t +91 22 49714275 www.solidarity.in SEBI Registration No: INP000004961 CIN U67190MH2011PTC224651 Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Part-A- Details of the Acquisition Name of the Target Company (TC) Axtel Industries Limited Name(s) of the acquirer and Persons Acting in Solidarity Advisors Private Limited along Concert (PAC) with the acquirer with its persons acting in concert Whether the acquirer belongs to No Promoter/Promoter group Name(s) of the Stock Exchange(s) where the BSE shares of TC are Listed Details of the acquisition as follows Number % w.r.t. total % w.r.t. total share/voting diluted capital share/voting wherever capital of applicable(*) the TC (**) Before the acquisition under consideration, holding of acquirer along with PACs of: a) Shares carrying voting rights 7,68,951 4.76% 4.76% b) Shares in the nature of encumbrance (pledge/ NIL NIL NIL lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity NIL NIL NIL shares d) Warrants/convertible securities/any other NIL NIL NIL instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 7,68,951 4.76% 4.76% Details of acquisition a) Shares carrying voting rights 70,824 0.44% 0.44% b) Shares in the nature of encumbrance (pledge/ NIL NIL NIL lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity NIL NIL NIL shares d) Warrants/convertible securities/any other NIL NIL NIL instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 70,824 0.44% 0.44% After the acquisition, holding of acquirer along with PACs of: a) Shares carrying voting rights 8,39,775 5.20% 5.20% b) Shares in the nature of encumbrance (pledge/ NIL NIL NIL lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity NIL NIL NIL shares d) Warrants/convertible securities/any other NIL NIL NIL instrument SOLIDARITY ADVISORS PVT. LTD. Regd. Office: 101, Buena Vista, St. Alexius Road, Bandra West, Mumbai 400050 Corporate Office: 704 & 705, Balarama, E-Block,Bandra Kurla Complex, Bandra East, Mumbai 400051 t +91 22 49714275 www.solidarity.in SEBI Registration No: INP000004961 CIN U67190MH2011PTC224651 that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 8,39,775 5.20% 5.20% Mode of acquisition (e.g. open market / public OPEN MARKET issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.) Salient features of the securities acquired NIL including time till redemption, ratio at which it can be converted into equity shares, etc. Date of acquisition of/ date of receipt of 19-06-2026 intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC. Equity share capital / total voting capital of the 1,61,54,800 equity shares of face value of TC before the said acquisition INR 10 totaling INR 16,15,48,000 Equity share capital/ total voting capital of the 1,61,54,800 equity shares of face value of TC after the said acquisition INR 10 totaling INR 16,15,48,000 Total diluted share/voting capital of the TC 1,61,54,800 equity shares of face value of after the said acquisition INR 10 totaling INR 16,15,48,000 For Solidarity Advisors Private Limited Ms Naarah Myron Pereira Head of Compliance Place: Mumbai Date: 22 Jun 2026 SOLIDARITY ADVISORS PVT. LTD. Regd. Office: 101, Buena Vista, St. Alexius Road, Bandra West, Mumbai 400050 Corporate Office: 704 & 705, Balarama, E-Block,Bandra Kurla Complex, Bandra East, Mumbai 400051 t +91 22 49714275 www.solidarity.in SEBI Registration No: INP000004961 CIN U67190MH2011PTC224651