Copy of Newspaper Publication

Date: 06th October, 2026 Listing Department, National Stock Exchange of India Limited Exchange Plaza, Plot No C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 NSE Symbol: BALAXI Subject: Intimation of Newspaper Advertisement pertaining to the Special Window for Transfer and Dematerialisation of Physical Shares Ref.: SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30th January, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of the newspaper advertisement published today i.e., on 06th October, 2026, in Business Standard (English) and Nava Telangana (Telugu) regarding the Special Window for Transfer and Dematerialisation of Physical Shares, opened for a period of one year from 05th February, 2026 to 04th February, 2027; allowing shareholders for the lodgement / re-lodgement of transfer and dematerialisation (“demat”) requests in respect of physical shares that were sold or purchased prior to 01st April, 2019. The same will also be available on the Company’s website at www.balaxipharma.in This is for your information and record Thanking You. Yours faithfully, For Balaxi Pharmaceuticals Limited Aman Purohit (Company Secretary & Compliance Officer) ICSI Membership No.: A59345 (Encl: As above) DMart’s growth wobble liftedtheentiresegment,benefiting sefiguresshouldgivegreaterweight indicesliketheNiftyMidcap150. tofive-and10-yearnumbers. YOUR Manystockswithstretched puts rerating on hold valuations,thinearningsorheavy Matchchoicetotemperament MONEY debtrallied.“Activemanagerswho Besidesperformance,investors’ screenforbalance-sheetstrength, riskappetiteshouldgovernthe cashflowsandpromotertrackrec- active-passivechoice.Activefunds Active versus passive: The ordsavoidthem,”saysHarsha suitinvestorswhocantolerate Risingqcomcompetitiontestsretailmajor’spremiumvaluation VardhanaVM,founderandgroup underperformance.“Conservative CEO,AtomFinancialServices. investorsanxiousaboutlaggingthe challenge of choosing a fund Inflowscausedfundsizestobal- indexarebettersuitedtopassive ramprasadsahu loon.“Largerfundsfinditharder funds,”saysAbhishekKumar,Sebi- Mumbai,5October tobuildorexitpositionswithout registeredinvestmentadviserand himalipatel broadermarket’searningshave movingprices,”saysVardhana. founder,SahajMoney.com. The stock of retail major Avenue grownfasteroverthepastfive Supermarts, which operates the ArecentMorningstarIndiareport years.“Strongergrowthoutsidethe Smallcaps’mixedresults Useamixacrosscategories popularsupermarketchainDMart, titledActive/PassiveBarometer segmentcreatesopportunitiesfor Smallcapfunds’strongone-year Expertssuggestusingamixof wasthetoploserintradeonMonday, Indiashowswhyinvestorsshould activemanagerstogeneratealpha,” showingdippedoverthreeyears activeandpassivefundsacross intheNifty200indexsheddingover lookbeyondrecentnumbers saysPrateekAgrawal,managing beforerecoveringoverfive. marketcapcategories.“Market 6 per cent. While the company’s whenchoosingbetweenactive director(MD)andchiefexecutive Smaller,weakercompaniesled efficiency,breadthofopportun- overallrevenuegrowthinthe2026- andpassivemutualfunds.Active officer(CEO),MotilalOswalAsset duringthethree-yearperiod,hurt- ities,anddispersionbetween 27(FY27)secondquarter(July-Sep- funds’successratesvariedsharply ManagementCompany.Only25.8 ingfundsthatheldsensibleport- companiesdifferacrosslarge,mid tember/Q2) was better than acrossmarketsegmentsand percentofactivelargecapsbeat folios.“Broadbenchmark andsmallcaps,”saysAparna estimates, a lack of consistent periods.Thesuccessrate passivepeersover10years.“Market momentumormicrocaprallies Shanker,chiefinvestmentofficer growth,highercompetitiveinten- measurestheshareofactivefunds efficiency,portfolioconstraintsand cantemporarilyfavourpassive (CIO),equity,TheWealthCom- sity, and premium valuations thatbeattheirpassivepeers. costsmakesustainingalphadiffi- indicesoveractivemanagerswho panyMutualFund.Preferpassive weighedoninvestorsentiment. cult,”saysHarshVira,founderand screenforearningsqualityand fundsinthelargecapsegment, Thecompany’squarterlystore Largecapperformancefades CEO,FinProWealth. governance,”saysBhaiya. whereintensivecoverageand additionsarehigherthanintheyear- Largecaps’strongone-andthree- institutionalparticipationmakeit ago quarter, but overall first-half yearresultsweakenedover10years. Midcapmanagersstruggled Usesuccessrateswithcare difficulttosustainalpha.Market (H1FY27) additions are similar to Stockpickinghasbecomecrucial Midcaps’reasonableone-yearsho- Successratesreflectpast,not inefficienciesandwideroppor- levelsseenintheyearagoperiod. amiddivergenceinperformance wingfadedoverthreeandfiveye- future,marketconditions.Investors tunitiesfavouractivestockpick- Goingahead,inadditiontothepace overthepast18-24months.“Fund ars.Ghelanisaysmidcapsareno shouldnotrelysolelyonthem.Vira inginthemidcapandsmallcap ofstoreadditions,thesame-store managerswhopickstocksthatare longerunder-researched.Inflows suggeststhatinvestorswhousethe- segments.“Managerquality,risk salesgrowth(SSSG)trendwillalsobe doingwellandavoidtheotherscan controlsandliquiditymanage- watched,giventhatthecompany outperform,”saysAnilGhelani, mentmattermoreintheseseg- Successratefluctuatesacrosshorizons hadhitamulti-quarterlowinthe (January-March/Q4)ofFY26,when 518.Thisis20percenthigherY-o-Y head–passiveinvestments&prod- ments,”saysShanker.Shanker firstquarter(April-June/Q1)ofFY27 itposted10.8percentgrowth,the and3percenthighersequentially. ucts,DSPMutualFund. suggeststhatthecoreportfolio Successrate(%)nLargecapfundsnMidcapfunds Successrate:%ofactive onthismetric.Atthecurrentprice, metrichasbeendeclininginthepast Whiletheadditionof15storesin Indexheavyweightsweighed nSmallcapfunds fundsthatsurvivedand shouldholdlow-costbroad-market thestock,whichhaslostabout20per fewyearsaswellasoverthepastfour Q2FY27opticallysuggestsanaccel- downtheNifty50andSensex. beattheasset-weighted passivefunds.Activefundsshould centoverthepastsixmonths,istrad- quarters.Afterreporting5.5percent erationversuseightstoresinthe Activemanagersunderweighted passivecomposite. beheldinthesatelliteportfolio. Ten-yeardatanotreported ing at 61x its 2027-28 (FY28) esti- growthinQ1FY27,brokeragesexpect basequarter,analystAshishKano- them.“TheyalsodrewontheNifty “Thisstructurebalancescoresta- formidcapandsmallcap matedearnings. Q2FY27SSSGtobeinthemid-to diaofCitiResearchsaysthatthe Next50constituentstooutper- fundsowingtolimited bilitywithtacticalopportunitiesfor The firm’s revenue growth in high-singledigits. additionof18storesinH1FY27was form,”saysAnupBhaiya,founder, vintageofpassivefunds. highergrowth,”saysKumar. Q2FY27,at18.4percentyear-on-year AnalystsledbyArnabMitraof broadly comparable with the 17 MoneyHoneyFinancialServices. DataasofJune30,2026. vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv Source:Morningstar, (Y-o-Y),wasbetterthanestimates. Goldman Sachs Research expect storesaddedinH1FY26.Brokerages Largecapindicesledearnings ThewriterisaMumbai-based Active/PassiveBarometer Growthwasbetterthanthe15.1per Avenue’srevenuegrowthtomoder- expectthecompanytoadd75stores growthduring2000-2021,whilethe 1-year India,June2026 independentjournalist centreportedinQ1FY27andthe15.4 atetobelow20percentgoingfor- in FY27, registering 15 per cent bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb percentregisteredinQ2of2025-26 ward,versus30percentearlier.The growthforthefullyear. (FY26).However,mostbrokerages companyisseeingmoderationin CitiResearchbelievesthat,along NPS,UPSorAPYcomplaint?Here’showtoraiseitusingPensionSahayak pointoutthattheaccelerationwas SSSGduetorisingcompetitionfrom withSSSG,storeexpansioninFY27 likel [Showing first 8,000 characters — download PDF for full document]