General Updates

October 08, 2026 ECL/SE/2026-27/06 Na(cid:415)onal Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, 25th floor, Dalal Street, Fort, Bandra (E), Mumbai – 400051 Mumbai – 400001 Symbol: ELEVATE Scrip Code: 544945 Dear Sir/Madam, Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment in material wholly owned subsidiary, Elevate UAE Assetco Holdings Pte. Ltd. This is to inform you that Elevate Campuses Limited (“the Company”) has executed a securi(cid:415)es subscrip(cid:415)on agreement (“SSA”) with its material wholly owned subsidiary, Elevate UAE Assetco Holdings Pte. Ltd. (“Elevate UAE”), for subscrip(cid:415)on of 59,061,905 Class A Op(cid:415)onally Conver(cid:415)ble Redeemable Preference Shares (“OCRPS”) to be issued by Elevate UAE at an issue price of USD 1.05 per OCRPS aggrega(cid:415)ng to USD 6,20,15,000.25 (approx. INR 601 crore). The above investment is in line with the disclosures made by the Company in its ini(cid:415)al public offering (“IPO”) documents, where it was stated that a por(cid:415)on of the net proceeds from the IPO would be infused by the Company in its subsidiaries which will be u(cid:415)lised partly/ fully towards prepayment and/ or repayment of certain outstanding borrowings availed by some of the subsidiaries. This investment has been made pursuant to an approval received from the Board of Directors of the Company at its mee(cid:415)ng held on September 28, 2026. The details as per Para A of Part A of Schedule III of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure A. The SSA has been signed by the Company today at 10.20 a.m. This disclosure shall also be uploaded on the Company’s website at www.elevatecampuses.com We request you to please take the above informa(cid:415)on on record. Yours faithfully, For Elevate Campuses Limited (formerly known as Good Host Spaces Limited) Jenny Shah Company Secretary & Compliance Officer Encl.: as above Elevate Campuses Limited (Formerly known as Good Host Spaces Limited) CIN – U74994MH2005PLC339336 Registered Office: Naman Midtown, Unit No 902 - 906, 9th Floor, Tower B, Lower Parel, Mumbai - 400013 Tel: +91 -22-68201600 l Email: companysecretary@elevatecampuses.com l Website: www.elevatecampuses.com Annexure A Par(cid:415)culars Details Name of the target en(cid:415)ty, details in brief such as Elevate UAE Assetco Holdings Pte. Ltd., a company size, turnover etc incorporated in Singapore (registra(cid:415)on number: 202434652R), having its registered office at 36 Robinson Road, #20-01, City House, Singapore 068877 (“Elevate UAE”). Elevate UAE is a material wholly owned subsidiary of the Company. Size (as on March 31, 2026): Net Worth: Rs. 1197,81,76,811 Turnover for financial year 2025-26: Nil Whether the acquisi(cid:415)on would fall within related Yes, the investment by the Company in Elevate party transac(cid:415)on(s) and whether the promoter/ UAE will fall within the ambit of a related party promoter group/ group companies have any transac(cid:415)on. However, the same will be exempt interest in the en(cid:415)ty being acquired? If yes, nature from prior approval requirements on account of it of interest and details thereof and whether the being a transac(cid:415)on between the holding company same is done at “arm’s length” and its wholly owned subsidiary. The investment is being made on an arm’s length basis. Industry to which the en(cid:415)ty being acquired Investment holding company belongs Objects and impact of acquisi(cid:415)on (including but The transac(cid:415)on involves the Company subscribing not limited to, disclosure of reasons for to Class A Op(cid:415)onally Conver(cid:415)ble Redeemable acquisi(cid:415)on of target en(cid:415)ty, if its business is Preference Shares (“OCRPS”) to be issued by outside the main line of business of the listed Elevate UAE, which will be further u(cid:415)lised partly/ en(cid:415)ty) fully towards prepayment and/ or repayment of outstanding borrowings availed by Souk HIS Holdings Limited, UAE, a step down wholly owned subsidiary of Elevate UAE as disclosed by the Company in its IPO documents. Please also refer to the IPO documents for further details in this regard. Brief details of any governmental or regulatory Not applicable approvals required for the acquisition Elevate Campuses Limited (Formerly known as Good Host Spaces Limited) CIN – U74994MH2005PLC339336 Registered Office: Naman Midtown, Unit No 902 - 906, 9th Floor, Tower B, Lower Parel, Mumbai - 400013 Tel: +91 -22-68201600 l Email: companysecretary@elevatecampuses.com l Website: www.elevatecampuses.com Indicative time period for completion of the Closing of the transac(cid:415)on is scheduled to be acquisition completed by October 2026. Consideration -whether cash consideration or Cash considera(cid:415)on share swap or any other form and details of the same Cost of acquisition and/or the price at which the USD 6,20,15,000.25 (approx. INR 601 crore) shares are acquired Percentage of shareholding / control acquired The Company proposes to subscribe to and / or number of shares acquired 59,061,905 addi(cid:415)onal Class A OCRPS to be issued by Elevate UAE. Elevate UAE is, and will con(cid:415)nue to be, wholly owned by the Company; there will be no change in its ownership or control, pursuant to the investment. Brief background about the entity acquired in Elevate UAE is incorporated in Singapore and is an terms of products/line of business acquired, date investment holding company for the Company’s of incorporation, history of last 3 years turnover, business in UAE. country in which the acquired entity has presence Date of incorpora(cid:415)on: August 23, 2024 and any other significant information (in brief) Turnover for the last three financial years: Nil Elevate Campuses Limited (Formerly known as Good Host Spaces Limited) CIN – U74994MH2005PLC339336 Registered Office: Naman Midtown, Unit No 902 - 906, 9th Floor, Tower B, Lower Parel, Mumbai - 400013 Tel: +91 -22-68201600 l Email: companysecretary@elevatecampuses.com l Website: www.elevatecampuses.com