As per the enclosed disclosure

INFRASTRUCTURE LTD. Regd. Office: JSW Centre, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051. Phone : 022-42861000 Fax : 022-42863000 CIN: L45200MH2006PLC161268 Website: www.jsw.in Email id: infra.secretarial@jsw.in 22nd July, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejebhoy Towers “Exchange Plaza” Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400051 Scrip Code (BSE): 543994 Symbol: JSWINFRA Sub: Newspaper Publication – Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Madam, Pursuant to the applicable provisions of the Listing Regulations, please find enclosed copies of the newspaper advertisement pertaining to Unaudited Standalone and Consolidated Financial Results of the Company for the quarter 30th June, 2026. The advertisements were published in today’s Financial Express (English) (all editions) and Navshakti (Marathi) newspapers. This is for your information and records. Thanking you, Yours sincerely, For JSW Infrastructure Limited Hitesh Kanani Company Secretary and Compliance Officer Membership No. F6188 Encl: As above India International Exchange (IFSC) Limited Unit No. 101, 1st Floor, Signature Building No. 13B, Road 1C Zone 1, Gift SEZ, Gift City Gandhinagar- 382355 Scrip code (India INX): 1100026 marathi.freepressjournal.in TRIO MERCANTILE & TRADING LIMITED CIN: L51909MH2002PLC136975 REGISTERED OFFICE: 613/B, Mangal Aarambh, Near Mcdonalds, Korakendra,Off S.V.Road, Borivali (W), Mumbai, -400092 Tel No. +91 90760 44603, Website: http://www.triomercantile.com/ E Mail: triomtl@gmail.com Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders of the TRIO MERCANTILE AND TRADING LIMITED (“Target Company”) under Regulation 26(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”) in relation to the open offer to the public shareholders of the Target Company (“Open Offer”) made by Kaushik Jagannath Joshi (Acquirer), Amita Kaushik Joshi (PAC 1), Krishna Kaushik Joshi (PAC 2), Radhika Kaushik Joshi (PAC 3) and M/s. Joshi Kaushikkumar Jagannath HUF (PAC 4), for the acquisition of Equity Shares of the Target Company. 1 Date July 21, 2026 2 Name of the Target Company TRIO MERCANTILE AND TRADING LIMITED 3 Details of the Offer pertaining to Target Company Open Offer is being made by the Acquirer for the acquisition of Up To 3,39,68,300 (Three Crores Thirty-Nine Lakhs Sixty-Eight Thousand and Three Hundred) fully paid-up equity shares of Rs. 2.00/- each, representing 50.00% of the equity and voting share capital at a price of Rs.1.25/- (Rupees One Point Twenty-Five Paisa Only) per equity share (“OFFER PRICE”), payable in cash in terms of regulation 4 of the SEBI (SAST) Regulations,2011. 4 Name(s) of the Acquirer and PACs Kaushik Jagannath Joshi (Acquirer), Amita Kaushik Joshi (PAC 1), Krishna Kaushik Joshi (PAC 2), Radhika Kaushik Joshi (PAC 3) and M/s. Joshi Kaushikkumar Jagannath HUF (PAC 4) OoEgS>ãë¶y BÝ’«$mñQ´>³Ma {b{‘Q>oS> 5 Name of the Manager to the Offer INTERACTIVE FINANCIAL SERVICES LIMITED Address: Office No. 508, Fifth Floor, Priviera,Nehru Nagar, Manekbag, grAm¶EZ … ¶w45200E‘EM2006nrEbgr161268 Ahmedabad - 380015, Gujarat, India. Zm|XUrH¥$V H$m¶m©b¶ … OoEgS>ãë¶w g|Q>a, ~rHo$gr, dm§Ðo (nyd©), ‘w§~B© - 400051 Tel No.: 079 49088019; XÿaÜdZr … 022-4286, 1000, ’°$³g … 022-4286 3000, B©‘ob … ir.infra@jsw.in, do~gmB©Q> … https://www.jsw.in/infrastructure Web Site: www.ifinservices.in; 30 OyZ, 2026 amoOr g§nboë¶m {V‘mhrgmR>r A{bá {dÎmr¶ {ZîH$fmªMm CVmam Email : mbd@ifinservices.in; é. H$moQ>rV Contact Person: Ms. Jaini Jain; Vnerb g§nbobr {V‘mhr g§nbobo df© SEBI Reg No : INM000012856 30 OyZ, 31 ‘mM©, 30 OyZ, 31 ‘mM©, 6 Members of the Committee of Independent Directors Bhadresh Rasiklal Shah (Chairman) 2026 2026 2025 2026 (“IDC”) Nehul Chheda Azad (Member) àdV©ZmVyZ EHy$U CËnÞ 163.59 154.15 140.07 600.78 Divya Girish Poriya (Member) df©/H$mbmdYrgmR>r {Zìdi Z’$m/(VmoQ>m) (H$a, AndmXmË‘H$ ~m~tnydu) 90.35 (48.37) 84.50 179.26 7 IDC Member’s relationship with the Target Company As on date none of the Members of the IDC hold any equity shares in the Target df©/H$mbmdYrgmR>r H$anyd© {Zìdi Z’$m/(VmoQ>m) (AndmXmË‘H$ ~m~tZ§Va) 90.35 (49.62) 84.50 176.31 (Director, Equity shares owned, any other Company nor have any relationship with the other Directors of the Target Company df©/H$mbmdYrgmR>r H$amoÎma {Zìdi Z’$m/(VmoQ>m) (AndmXmË‘H$ ~m~tZ§Va) 75.17 (56.62) 72.95 167.60 contract / relationship), if any and apart from being the directors of the TC they are not related to each other in any Omhra gyMZm manner. df©/H$mbmdYrgmR>r EHy$U gd©g‘mdoeH$ CËnÞ (df©/H$mbmdYrgmR>r Z’$m/(VmoQ>m) (H$amoÎma) 75.17 (56.29) 72.95 167.63 Am{U BVa gd©g‘mdoeH$ CËnÞ (H$amoÎma) Yê$Z) ¶mÛmao gd©gm‘mݶ OZVog gy{MV H$aʶmV ¶oVo H$s, 8 Trading in the Equity shares/other securities of the None of the members of the IDC have traded in any of the equity shares/ securities amoOrg ^aUm Pmbobo g‘^mJ ^m§S>db 464.70 417.04 415.98 417.04 Imbr Z‘yX Ho$bobo gd© ‘yi ‘mbH$s h¸$mMo XñVEodO, Target Company by IDC Members of the Target Company during 12 months period preceding the date of the PA. amoOrg amIrd (nwZ‘y©ë¶m§{H$V amIrd dJiyZ) 11,293.86 4,757.13 4,809.72 4,757.13 Á¶m‘ܶo Imbrb XñVEodOm§Mm g‘mdoe Amho na§Vw 9 IDC Member’s relationship with the acquirers None of the IDC Members have any relationship with the Acquirer. ˶mnwaVm ‘¶m©{XV Zmhr : JmoëS>Z [aA°ëQ>r àm¶ìhoQ> {b. (Director, Equity shares owned, any other amoOrg ZoQ> dW© 11,758.39 5,173.99 5,225.52 5,173.99 ¶m§Zr Omar Ho$bobo ^mJà‘mUnÌ H«$. 22, {XZm§H$ 30 contract / relationship), if any. àVr g‘^mJ àmár (à˶oH$s é. 2/- Mo) Adm{f©H$ gßQ>|~a, 1996, é. 100/- (én¶o e§^a \$º$) Xe©Zr ‘wb^yV (é.) 0.36 (0.11) 0.35 0.81 10 Trading in the Equity shares/other securities of the Not Applicable ‘yë¶mMo E ‘m{bHo$Vrb 1380 (EH$ hOma VrZeo Eo§er gm¡på¶H¥$V (é.) 0.36 (0.12) 0.35 0.80 acquirers by IDC Members ’$º$) B{¹$Q>r g‘^mJ, AZwH«$‘m§H$ 11611 Vo amoOrg {g³¶w[aQ>rO {à{‘¶‘ 9,245.68 2,784.83 2,784.83 2,784.83 12990; JmoëS>Z [aA°ëQ>r àm¶ìhoQ> {b. ¶m§Zr Omar 11 Recommendation on the Open offer, as to whether The IDC is of the opinion that the Offer Price of Rs. 1.25/- per equity share offered Ho$bobo ^mJà‘mUnÌ H«$. 35, {XZm§H$ 30 gßQ>|~a, the offer, is fair and reasonable by the Acquirer vide Letter of Offer dated July 17, 2026 is fair and reasonable. 30 OyZ, 2026 amoOr g§nboë¶m {V‘mhrgmR>r EH${ÌV {dÎmr¶ {ZîH$fmªMm CVmam 1996, é. 100/- (én¶o e§^a \$º$) Xe©Zr ‘yë¶mMo However, the Shareholders should independently evaluate the offer, market é. H$moQ>rV ~r ‘m{bHo$Vrb 2760 (XmoZ hOma gmVeo gmR> ’$º$) performance of the Equity Shares of the TC and take informed decisions. Vnerb g§nbobr {V‘mhr g§nbobo df© B{¹$Q>r g‘^mJ, AZwH«$‘m§H$ 23221 Vo 25980; 12 Summary of reasons for recommendation IDC has perused the Letter of Offer dated July 17, 2026, Draft Letter of Offer dated 30 OyZ, 31 ‘mM©, 30 OyZ, 31 ‘mM©, {XZm§H$ 6 Am°³Q>mo~a, 2000 amoOr {Zînm{XV hñVm§VaU October 7, 2025, Detailed Public Statement dated May 31, 2026 and PA issued by 2026 2026 2025 2026 H$ama, Omo lr‘Vr {H$aU AemoH$ am‘qgKmZr (Á¶mV Interactive Financial Services Limited (as Manger to the Open offer) on behalf of àdV©ZmVyZ EHy$U CËnÞ 1,444.83 1,522.34 1,223.85 5,361.44 ˶m§Mm ""hñVm§VaUH$Vm©'' Agm CëboI Amho) Am{U Acquirer on May 26, 2026, the IDC members have considered the following df©/H$mbmdYrgmR>r {Zìdi Z’$m/(VmoQ>m) (H$a, AndmXmË‘H$ ~m~tnydu) 462.79 570.31 472.56 1,952.57 lr. XrnH$ nr. XmXbmZr (Á¶mV ˶m§Mm ""hñVm§VaU recommendation: df©/H$mbmdYrgmR>r H$anyd© {Zìdi Z’$m/(VmoQ>m) (AndmXmË‘H$ ~m~tZ§Va) 462.79 497.82 472.56 1,872.84 ñdrH$Vm©'' Agm CëboI Amho) ¶m§À¶m‘ܶo {Zînm{XV a) Offer price is justified in terms of the parameter prescribed under Regulation H$aʶmV Ambm Amho; Am{U 8(1) & 8(2) of the SEBI(SAST) R [Showing first 8,000 characters — download PDF for full document]