Bonanza Portfolio Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement ('PA') under Regulation 3(1) and 4 read with 13, 14 and 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof for the attention of the Public Shareholders of Inani Securities Ltd ("Target Company").

Public Announcement (‘PA’) under Regulation 3(1) and 4 read with 13, 14 and 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereof FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF INANI SECURITIES LIMITED Open Offer for acquisition of up to 11,85,002 (Eleven Lakh Eighty Five Thousand Two) fully paid- up Equity Shares of face value of ₹10.00/- (Rupees Ten Only) each (‘Offer Shares’) representing 26.00% (Twenty Six Percent) of the fully paid-up Equity and Voting Share Capital of Inani Securities Limited (‘Target Company’ or ‘ISL’) at an offer price of ₹60.00 (Rupees Sixty Only) per Equity Share, by Aikyam Financial Services Private Limited (‘Acquirer’) pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (‘SEBI (SAST) Regulations’) (‘Offer’ or ‘Open Offer’). This public announcement (‘Public Announcement’ / ‘PA’) is being issued by Bonanza Portfolio Limited (‘BPL/ Manager to the Offer’), for and on behalf of the Acquirer, to the public shareholders of the Target Company, pursuant to and in compliance with, amongst others, the provisions of Regulations 3(1) and 4, read with Regulations 13, 14, and 15(1) and other applicable regulations of SEBI (SAST) Regulations. For the purpose of this Public Announcement, the following terms shall have the meanings assigned to them below: a) ‘Acquirer’ means Aikyam Financial Services Private Limited, a private limited company incorporated under the provisions of the Companies Act 2013, having Corporate Identification Number (CIN) U70200MH2026PTC468768 with its registered office at 1203, Lotus Link Square, Near Apna Bazar, DN Nagar, New Link Road, Andheri, Mumbai – 400053, Maharashtra, India; b) ‘BSE’ means abbreviation for BSE Limited being the stock exchange on which the Equity Shares of the Target Company are listed; c) ‘Equity Shares’ means 45,57,700 (Forty Five Lakh Fifty Seven Thousand Seven Hundred) fully paid- up Equity Shares of the Target Company having face value of ₹10.00 (Rupees Ten Only); d) ‘Promoter Sellers/Sellers/Selling Shareholders’ shall mean all the existing Promoters of Inani Securities Limited selling their entire shareholding to the Acquirer (herein after referred as ‘Promoter Sellers’), namely Mr. Ramakanth Inani (‘Seller 1’), Mr. Vishnukant Inani (‘Seller 2’), Mr. Venugopal Inani (‘Seller 3’), Mr. Lakshmikanth Inani (‘Seller 4’), Ms. Pramila Devi Inani (‘Seller 5’), Ms. Anuradha Inani (‘Seller 6’), Ms. Anita Inani (‘Seller 7’), Mr. Bharat Kumar Inani (‘Seller 8’), Mr. Srikumar Inani (‘Seller 9’), Ms. Champadevi Inani (‘Seller 10’), Ramakanth Inani HUF (‘Seller 11’), Dhanshree Syntex Private Limited (‘Seller 12’), Inani Commodities and Finance Limited (‘Seller 13’), L.K.I. Securities Private Limited (‘Seller 14’); e) ‘SEBI (SAST) Regulations, 2011/ SEBI (SAST) Regulations’ means the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto; f) ‘Share Purchase Agreement’ or ‘SPA’ or ‘Underlying Transaction’ refers to the share purchase agreement dated Monday, October 12, 2026 executed between the Acquirer and the Selling Shareholders, pursuant to which the Acquirer has agreed to acquire 25,94,214 (Twenty Five Lakh Ninety Four Thousand Two Hundred Fourteen) Equity shares of ₹10/- each, representing 56.92% (Fifty Six Point Nine Two ) of the Equity and Voting Share Capital of the Target Company from the Selling Shareholders at a price of ₹60.00 (Rupees Sixty Only) per equity share, aggregating to an amount of ₹15,56,52,840 (Rupees Fifteen Crore Fifty Six Lakh Fifty Two Thousand Eight Hundred Forty Only); Page 1 of 6 g) ‘Voting Share Capital’ means the total Equity and Voting Share Capital of the Target Company as of the 10th (Tenth) Working Day from the closure of the Tendering Period of the Offer; 1. Offer Details 1.1 Offer Size: Up to 11,85,002 (Eleven Lakh Eighty-Five Thousand Two) Equity Shares of ₹10.00/- (Rupees Ten Only) each representing 26.00% (Twenty-Six Percent) of the Equity and Voting Share Capital of the Target Company, subject to the terms and conditions mentioned in this Public Announcement and to be set out in the Detailed Public Statement (‘DPS’) and the Letter of Offer (‘LOO’) proposed to be issued for the offer in accordance with the SEBI (SAST) Regulations, 2011. 1.2 Offer Price/ Consideration: The Open Offer is being made at a price of ₹60.00 (Rupees Sixty Only) per Equity Share of ₹10/- each, calculated in accordance with Regulation 8(2) of the SEBI (SAST) Regulations, 2011. Assuming full acceptance of the Open Offer, the total consideration payable by the Acquirer under the Open Offer will be 7,11,00,120 (Rupees Seven Crore Eleven Lakh One Hundred Twenty Only). 1.3 Mode of Payment: The Offer Price will be paid in cash by the Acquirer in accordance with Regulation 9(1)(a) of the SEBI (SAST) Regulations, 2011. 1.4 Type of Offer: This Open Offer is categorized as a Triggered/ Mandatory Offer made in compliance with Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations. The Target Company, a SEBI registered Stock Broker and Clearing Member, is a trading member with BSE Limited (‘BSE’) and the National Stock Exchange of India Limited (‘NSE’) and a registered depository participant with the Central Depository Services (India) Limited (‘CDSL’). Being a Stock Broker, Clearing Member, trading member of BSE and NSE, and a depository participant, the acquisition of shares and control by the Acquirer as envisaged under this PA is subject to approval from SEBI, BSE, NSE, CDSL and the relevant Clearing Corporation(s) in terms of SEBI (Stock Brokers) Regulations,1992 read with SEBI (Depositories and Participants) Regulations, 2018 and SEBI Master Circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/71 dated May 17, 2023 and any other regulatory authority under applicable laws. 2. Transaction which has triggered the open offer obligations (Underlying Transaction) 2.1 The Acquirer has entered into a Share Purchase Agreement (‘SPA’) on Monday, October 12, 2026 with the Sellers pursuant to which the Acquirer has agreed to purchase 25,94,214 (Twenty Five Lakh Ninety Four Thousand Two Hundred Fourteen) Equity Shares having face value of ₹10/- each, representing 56.92% (Fifty Six Point Nine Two Percent) of the Equity and Voting Share Capital at a price of ₹60.00 (Rupees Sixty Only) per Equity Share aggregating to an amount of ₹15,56,52,840 (Rupees Fifteen Crore Fifty Six Lakh Fifty Two Thousand Eight Hundred Forty Only) from the Sellers, subject to the terms and conditions set out in the SPA. 2.2 As the Acquirer have entered into an SPA to acquire Equity Shares from the Sellers and taking control over the Target Company, this Open Offer is being made under Regulations 3(1) and 4 of the SEBI (SAST) Regulations. Pursuant to the consummation of the Underlying Transaction (contemplated under the SPA) and subject to compliance with the SEBI (SAST) Regulations, 2011, the Acquirer will acquire substantial Equity Shares and take control over the Target Company and shall become the Promoter of the Target Company in accordance with the provisions of the Securities and Exchange Board of India (Listing and Obligation and Disclosure Requirements), 2015, as amended. Page 2 of 6 2.3 A summary of the underlying transaction is set out as below: Details of underlying transaction Shares / Voting Rights Mode of Type of acquired/proposed Mode of Transaction Total Transact to be acquired Payment Regulations (Agreement / Consideration for ion % vis a (Cash/ which has Allotment/ shares/ VRs (Direct/ vis Total securities) triggered Market acquired (in ₹) Indirect) Number Equity/ Purchase) Voting Capital Share ₹15,56,52,840 Purchase (Rupees Fifteen Agreement 3(1) & 4 of 25,94,214 Crore Fifty Six dated SEBI (SAST) Dire [Showing first 8,000 characters — download PDF for full document]