The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for InRe Fund II & BSREP IV FPI Two Holdings (DIFC) Ltd

Date: October 01, 2026 To The National Stock Exchange of India Limited BSE Limited The Listing Department, Department of Corporate Services Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai – 400001 Bandra Kurla Complex, Bandra (E) Scrip Code: 500307 Mumbai- 400051 E: corp.relations@bseindia.com Symbol: NIRLON E: takeover@nse.co.in Nirlon Limited Company Secretary & Vice President (Legal) Pahadi Village, Off Western Express Highway, Goregaon(E), Mumbai-400063 E: companysecretary@nirlonltd.com / jasminbhavsar@nirlonltd.com Subject: Disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”) in relation to acquisition of shares of Nirlon Limited by InRe Fund II (acting through its manager Monocap Investment Advisors Private Limited) (“Acquirer”) Dear Sir/Madam, Please find attached the disclosure pursuant to Regulation 29(2) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in relation to the acquisition of shares of Nirlon Limited. Kindly take the same on record. Thanking You, For Monocap Investment Advisors Private Limited (Acting as Manager of InRe Fund II, Scheme of InRe Investments Trust) Name: Nitesh Bhasin Designation: Director DIN: 09748946 MONOCAP INVESTMENT ADVISORS PRIVATE LIMITED, Registered Office Address: 1st Floor, Tower #2, Equinox Business Parks, LBS Marg, Kurla (West) Mumbai, India - 400070 T: 022 - 45832450 | CIN: U65990MH2021PTC366043 Correspondence Address: Unit No. 101, 1st Floor, Worldmark 2, Asset 8, Aerocity, IGI Airport, New Delhi, India - 110037 T: 011 - 4929 5555 | E: compliance2@bgre.com Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Nirlon Limited Name(s) of the acquirer and Persons InRe Fund II (Acquirer) Acting in Concert (PAC) with the acquirer BSREP IV FPI Two Holdings (DIFC) Ltd (PAC) Whether the acquirer belongs to No Promoter / Promoter group Name(s) of the Stock Exchange(s) where BSE Limited and National Stock Exchange of India the shares of TC are Listed Limited Details of the acquisition / disposal as Number % w.r.t.total % w.r.t. total follows share/voting diluted capital share/voting wherever capital of the applicable (*) TC (**) ## ## Before the acquisition under consideration, holding of: a) Shares carrying voting rights InRe Fund II Nil Nil Nil BSREP IV FPI Two Holdings (DIFC) Ltd 1,09,45,558^ 12.15% 12.15% b) Shares in the nature of encumbrance Nil Nil Nil (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by 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) 1,09,45,558^ 12.15% 12.15% Details of acquisition / sale a) Shares carrying voting rights acquired / sold InRe Fund II 23,25,000 2.58% 2.58% BSREP IV FPI Two Holdings (DIFC) Ltd 3,00,000^^ 0.33% 0.33% b) VRs acquired /sold otherwise than by Nil Nil Nil shares c) 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) acquired/sold d) Shares encumbered / invoked / released Nil Nil Nil by the acquirer e) Total (a+b+c+/-d) 26,25,000 2.91% 2.91% MONOCAP INVESTMENT ADVISORS PRIVATE LIMITED, Registered Office Address: 1st Floor, Tower #2, Equinox Business Parks, LBS Marg, Kurla (West) Mumbai, India - 400070 T: 022 - 45832450 | CIN: U65990MH2021PTC366043 Correspondence Address: Unit No. 101, 1st Floor, Worldmark 2, Asset 8, Aerocity, IGI Airport, New Delhi, India - 110037 T: 011 - 4929 5555 | E: compliance2@bgre.com After the acquisition / sale, holding of: a) Shares carrying voting rights acquired InRe Fund II 23,25,000 2.58% 2.58% BSREP IV FPI Two Holdings (DIFC) Ltd 1,12,45,558 12.48% 12.48% b) Shares encumbered with the acquirer Nil Nil Nil c) VRs otherwise than by shares Nil Nil Nil d) Warrants / convertible securities / any Nil Nil Nil other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) 1,35,70,558 15.06% 15.06% Mode of acquisition / sale (e.g. open market / The Mode of acquisition of 23,25,000 (~2.58%) equity off-market / public issue / rights issue / shares by Acquirer which triggered the disclosure preferential allotment / inter-se transfer etc). obligation was Open market Date of acquisition / sale of shares / VR or date The trade date for the acquisition of 23,25,000 of receipt of intimation of allotment of shares, (~2.58%) equity shares by Acquirer which triggered the whichever is applicable disclosure obligation was October 01, 2026. Equity share capital / total voting capital of the INR 90,11,80,400 (comprising of 9,01,18,040 TC before the said acquisition / sale equity shares of face value INR 10 each)# Equity share capital/ total voting capital INR 90,11,80,400 (comprising of 9,01,18,040 of the TC after the said acquisition / sale equity shares of face value INR 10 each)# Total diluted share/voting capital of the TC after INR 90,11,80,400 (comprising of 9,01,18,040 the said acquisition equity shares of face value INR 10 each)# (^) It is clarified that details of pre-trade shareholding represents the shareholding of the PAC in the TC as of the date of the last disclosure dated April 17, 2026 under Regulation 29(2). (^^) It is clarified that PAC acquired 3,00,000 (~0.33%) equity shares of the TC on August 26, 2026 that did not trigger a disclosure obligation under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. (#) As per the shareholding pattern of the Target Company dated June 30, 2026 as available on the website of BSE Limited and National Stock Exchange of India Limited. (##) The percentage numbers have been rounded off to reflect the percentage up to two decimal points. For Monocap Investment Advisors Private Limited (Acting as Manager of InRe Fund II, Scheme of InRe Investments Trust) Name: Nitesh Bhasin Designation: Director DIN: 09748946 MONOCAP INVESTMENT ADVISORS PRIVATE LIMITED, Registered Office Address: 1st Floor, Tower #2, Equinox Business Parks, LBS Marg, Kurla (West) Mumbai, India - 400070 T: 022 - 45832450 | CIN: U65990MH2021PTC366043 Correspondence Address: Unit No. 101, 1st Floor, Worldmark 2, Asset 8, Aerocity, IGI Airport, New Delhi, India - 110037 T: 011 - 4929 5555 | E: compliance2@bgre.com