Newspaper Publication for Public Announcement for Buyback of Equity Shares

SHARDUL SECURITIES LIMITED CIN : L50100MH1985PLC036937 G 12, Tulsiani Chambers, Nariman Point, Mumbai - 400 021. Tel. : 91 22 4603 2806/ 07 Email id : investors@ssl.ind.in Website : www.shardulsecurities.com Date: October 01,2026 BSE Limited PJ Towers, Dalal Street, Mumbai 400 001, Maharashtra, India Scrip Code: 512393 Serip ID: SHARDUL Dear Sir/Ma’am, Ref: Buy-back of Equity Shares of Shardul Securities Limited (the “Company™) Sub.: Submission of Public Announcement pursuant to the provisions of the SEBI (Buy-Back of es) Regulations, 2018 (“Buy-back Regulations™) This is in furtherance to our intimation dated August 12, 2026 informing the stock exchange, that the Board of Directors and Members of the Company through Special resolution passed on 25" September 2026, has approved the proposal of Buy-back of 1.92.00.000 (One Crore Ninety Two Lakhs) fully paid-up equity shares of the Company of face value of ¥ 2 cach at a price of 260/~ (Rupees Sixty Only) per equity share payable in cash for a total consideration not exceeding 2 115.20,00.000 /- (Rupees One Hundred Fifteen Crore Twenty Lakhs Only) excluding transaction costs through Tender Offer process using stock exchange mechanism as prescribed under the Buy-back Regulations. Further in compliance with Regulation 7(i) of Buy-back Regulations, the Company has published the Public Announcement dated September 30, 2026, for the Buyback on October 01, 2026 in the newspapers mentioned below: 1. Business Standard English — All Editions. 2. Business Standard Hindi — All Editions. 3. Mumbai Lakshadeep (Marathi)- Regional We are submitting herewith the newspaper clippings of above-mentioned newspapers. Kindly receive the same in order and take the same on record Thanking you. Yours faithfully. For, Shardul Securit Mrs. Daya Bhalia Company Secretary & Compliance M. No.: A24205 SHARDUL SECURITIES LIMITED Corporate Identification Number (CIN): L50100MH1985PLC036937 Registered Office: G-12, Tulsiani Chambers 212, Nariman Point, Mumbai 400021, Maharashtra, India Phone: +91 22 46032806/ 07 » Email: investors@ssl.ind.in - Website: www.shardulsecurities.com Contact Person: Daya Sagar Bhalia, Company Secretary & Compliance Officer PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF EQUITY SHAREHOLDERS / BENEFICIAL OWNERS OF EQUITY SHARES OF SHARDUL SECURITIES LIMITED (“COMPANY”) FOR THE BUY-BACK OF EQUITY SHARES ON A PROPORTIONATE BASIS THROUGH THE TENDER OFFER ROUTE USING STOCK EXCHANGE MECHANISM AS PRESCRIBED UNDER THE SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) REGULATIONS, 2018, AS AMENDED FROM TIME TO TIME. This Public Announcement (“Public Announcement’/ “PA”) is being made in relation Company undertakes to bring the public shareholding to the minimum prescribed level s. Name Category | Numberof | % shareholding to the Buy-back of fully paid-up equity shares having a face value of 2 2/- (Rupee Two within the time and in the manner prescribed under SCRR and the Listing Regulations. No. Eisy (as % of total only) each (“Equity Shares”) by the Company from the shareholders/beneficial owners { 4 11 The Buy-back from the Eligible Shareholders who are residents outside India including issued and paid-up of the Company through the tender offer route using the Stock Exchange mechanism non-resident Indians, foreign nationals, foreign comorate bodies (including erstwhile Equity Share capital in accordance with Securities and Exchange Board of India (“SEBI”) circular CIR/ CFD/ overseas corporate bodies), foreign institutional investors/ foreign portfolio investors, of the Company) POLICYCELL/1/2015 dated April 13, 2015 read with the circular CFD/DCR2/ CIR/P/2016/131 shall be subject to such approvals, if any, and to the extent necessary or required from 13| Mohini G Chaturvedi* Promoter 0 000 dated December 9, 2016, circular SEBIHO/CFD/DCR-IIIICIR/P/2021/615 dated August 13, the concerned authorities including approvals from the Reserve Bank of India (‘RBI') 14. [Pradeep Sandeep Promoter 0 000 2021 and circular SEBUHOICFD/PoD-2/P/CIRI2023/35 dated March 8, 2023, as amended underthe Foreign Exchange Management Act, 1999 and the rules and regulations made Corporate Advisors LLP* Group (“SEBI Circulars”), pursuant to the provisions of Regulation 7(i) and other applicable thereunder, each as amended and that such approvals shall be required to be taken by 15. [K amvan Construction Promoter 0 000 provisions of the SEBI (Buy-Back of Securities) Regulations, 2018, as amended such non-esident shareholders. Private Limited® Group (hereinafter referred as “Buy-back Regulations), and contains the disclosures as Total 6,54,88,962 7485 specified in Schedule Il of the SEBI Buy-back Regulations read with Schedule | of the 1.12. The ratio of the aggregate of secured and unsecured debts owned by the Company 54,88, - SEBI Buy-back Regulations. immediately after the Buy-back shall not be more than twice the paid up capital and free *Gagan Chaturvedi, Shruti Chaturvedi, Mohini G Chaturvedi, Pradeep Sandeep reserves of the Company based on audited financial statements of the Company as on Comporate Advisors LLP and Kamvan Construction Private Limited have applied for OFFER FOR BUY-BACK UP TO 1,92,00,000 (ONE CRORE NINETY TWO LAKHS) FULLY March 31, 2026. Redlassification from the “Promoter and Promoter group” category to “Public Category’ PAID-UP EQUITY SHARES OF OUR COMPANY HAVING FACE VALUE OF ¥ 2/- (RUPEES vide letter dated 11 August, 2026. The said request was approved by the Board of TWO ONLY) FOR AN AGGREGATE AMOUNT NOT EXCEEDING ¥1,15,20,00,000/- (RUPEES 1 13. Participationinthe Buy-back by the Eligible Shareholders may trigger capital gain taxation Directors at their meeting held on 12 August 2026 and the Company has submitted an in India and in their country of residence. The transaction of Buy-back would also be ONE HUNDRED FIFTEEN CRORE TWENTY LAKH ONLY) EACH AT A PRICE OF 60 application dated 17 August 2026 for seeking approval for reclassification chargeable to securities transaction tax in India. In due course, Eligible Shareholders will (RUPEES SIXTY ONLY) PER EQUITY SHARE, PAYABLE IN CASH, ON APROPORTIONATE BASIS THROUGH THE “TENDER OFFER” ROUTE AS PRESCRIBED UNDER THE BUY- receive a Letter of Offer, which will contain a more detailed note on taxation. However, { (B) Aggregate shareholding of the Designated Partners and Partners of Promoter LLP, BACK REGULATIONS USING STOCK EXCHANGE MEGHANISML in view of the particularized nature of tax consequences, Eligible Shareholders should The aggregate shareholding of the director(s)/ tustee(s)/ partner(s) of the companies/ consulttheir legal, financial and tax advisors before determining whether to participate in trusts/ limited liabilty partnerships which are part of the Promoters and Promoter Group Certain figures contained in this Public Announcement, including financial information, have the Buy-back e setout belon been subjectto rounding-off adjustments. All decimals have been rounded off to 2 (two) decimal points. In certain instances, () the sum or percentage change of such numbers may not conform | 1-14- A Copy of this Public Announcement will be available on SEBI's website (wyiw.sebi gov Sr. | Name ofthe | Name ofthe | Name of the | Number % exactly to the {otal figure given: and (i) the sum of the numbers in a column or fow in certain in) as well as on Company’s website (wwy.shardulsecurities.com), the Manager to the No.| director/ Promoters | Promoters | of Equity |shareholding fables may not conform exacly {0 the total figure given for that column o ow Further, certain Buy-back (www.vivio.net) and on the website of Stock Exchange (www.bseindia.com). trustee/ | and Promoter and Shares numerical information in this Public Announcement has been presented in ‘lakh’. All references { 2. NECESSITY OF THE BUY-BACK partner (as | Group company/ | Promoter held to “Rupee(s)", “¥" or ‘Rs." are to Indian Rupees, the official currency of the Republic of India. 21 The current Bu [Showing first 8,000 characters — download PDF for full document]