Closure of operations

PHYSICSWALLAH LIMITED Date: October 04, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 India Mumbai – 400 001 India Symbol: PWL Scrip Code: 544609 Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Partial/Piecemeal Closure of Loan Portfolio of the Wholly Owned Subsidiary Dear Sir/ Madam, In furtherance to our earlier intimation dated June 04, 2026, wherein we had informed regarding the restructuring of the lending strategy of NBFC segment of the Company, through its wholly owned subsidiary, FinZ Finance Private Limited (“FinZ Finance”), and pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, this is to inform you that FinZ Finance has entered into an agreement with Auxilo Finserve Private Limited, an RBI-registered NBFC, for sale, transfer and assignment of loan portfolio aggregating to INR 95.79 crores, which constitutes substantial/major part of the total loan portfolio. As the principal business activity of FinZ Finance is lending, the proposed transaction constitutes a substantial reduction in its lending operations and is expected to result in partial/piecemeal closure of its lending operations. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure-I. This disclosure will also be hosted on the Company's website viz. https://www.pw.live/investor-relations You are requested to take the above on record. Thank you. Yours sincerely, For Physicswallah Limited Ajinkya Jain Group General Counsel, Company Secretary & Compliance Officer Membership No.: A33261 Physicswallah Limited (Formerly known as ‘Physicswallah Private Limited’) Plot No. B-8, Tower A 101-119, Noida One, Noida, Sector 62, Dadri, Gautam Buddha Nagar, Uttar Pradesh - 201309; CIN: L80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live PHYSICSWALLAH LIMITED Annexure-I Sl. Particulars Details 1. Date of such being agreement, if The deed of assignment was entered by FinZ Finance any, entered for sale of such Private Limited (“FinZ Finance”) on October 03, 2026 unit/division, if any; 2. Amount & percentage of turnover The below-mentioned details are as per the financial or revenue or income and net worth statements as of March 31, 2026: of the listed entity contributed by Particulars Amount in Percentage such unit or division during the last INR Crore financial year; Revenue from 0.00* 0.00% operations Other income 1.35 0.54% Total Income 1.35 0.04% Net worth 60.30 1.18% *As FinZ Finance has commenced its business operations from the month of February 2026 and thus, the revenue from operation represents negligible. 3. Date of closure or estimated time of The transition in relation to the Loans and the Borrowers closure; as defined in the deed of assignment is expected to conclude in the next 60 days. 4. Reasons of closure The closure of substantial/major part of the total loan portfolio of FinZ Finance forms part of a broader strategic realignment, with a view to focusing on the Company’s core business operations and optimising capital allocation. Accordingly, lending activities are proposed to be facilitated through established and regulated third- party NBFCs, thereby enabling greater operational efficiency and reducing the associated balance sheet and credit risks. 5. Consideration INR 95.79 Crore 6. Brief details of buyer Auxilo Finserve Private Limited (NBFC ID N-13.02186) is an RBI-registered Non-Banking Financial Company (NBFC) primarily focused on the education sector. 7. Impact on operations This arrangement is intended to enable Company to remain focused on its core business. Physicswallah Limited (Formerly known as ‘Physicswallah Private Limited’) Plot No. B-8, Tower A 101-119, Noida One, Noida, Sector 62, Dadri, Gautam Buddha Nagar, Uttar Pradesh - 201309; CIN: L80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live