Intimation of Acquisition of Evolve IT Solutions Private Limited

July 23, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001. Scrip Code: 513307 Sub.: Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 - Acquisition of Evolve IT Solutions Private Limited. Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that the Company has acquired 100% equity stake in Evolve IT Solutions Private Limited ("Evolve"), resulting Evolve IT Solutions become Wholly-Owned Subsidiary of the Company. The details of above acquisition as required under Regulation 30 read with Para A (1) Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as an Annexure – 1. You are requested to take the above information on your records. Yours faithfully, For Belding India Limited Muskan Gurumukhdas Pinjani Company Secretary & Compliance Officer Encl.: As above (Formerly known as Synthiko Foils Limited) Regd. Off.: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L63119PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: compliance@belding.in I Website: www.belding.ltd Annexure-1 Sr. Particulars Details of Acquisition 1 Name of the target entity, details in brief Name: Evolve IT Solutions Private Limited such as size, turnover etc.; ("Evolve") About: The Company has expertise in advanced X-ray inspection and security screening technologies, including baggage scanners, cargo inspection systems, vehicle scanners, under- vehicle surveillance systems, dual-view X-ray systems and intelligent security screening solutions. Operating from its owned manufacturing and R&D facility at MIDC, Bhosari, Pune, the Company has established strong in-house capabilities in product design, engineering, manufacturing and innovation. Its technologies play a critical role in securing airports, ports, logistics hubs, border security, defence establishments, metro rail networks, customs, industrial facilities and other strategic national infrastructure. Turnover (in crores): given in point 10 below 2 Whether the acquisition would fall within The Proposed acquisition does not fall under related party transaction(s) and whether the related party transaction. promoter/ promoter group/ group companies have any interest in the entity None of promoter/ promoter group/ group being acquired? If yes, nature of interest and companies have any interest in Evolve IT details thereof and whether the same is Solutions. done at “arm’s length”; The transaction has been done at arm’s length. 3 industry to which the entity being acquired Security Screening & Inspection Technology belongs; 4 objects and impact of acquisition (including With this acquisition, Belding significantly but not limited to, disclosure of reasons for expands its capabilities in advanced acquisition of target entity, if its business is manufacturing, industrial electronics, AI- outside the main line of business of the enabled imaging, precision engineering and listed entity); mission-critical security technologies, positioning the Company to address high- growth opportunities in both domestic and international markets. The addition of cargo and vehicle scanning solutions further (Formerly known as Synthiko Foils Limited) Regd. Off.: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L63119PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: compliance@belding.in I Website: www.belding.ltd strengthens Belding’s ability to deliver comprehensive technology solutions across energy, infrastructure, logistics and homeland security. 5 brief details of any governmental or Not Applicable regulatory approvals required for the acquisition; 6 indicative time period for completion of the Completed acquisition; 7 consideration - whether cash consideration Cash or share swap or any other form and details of the same; 8 Cost of acquisition and/or the price at which Rs. 10.75 Crores the shares are acquired 9 percentage of shareholding / control % of Shares acquired: 100% acquired and / or number of shares acquired; 10 brief background about the entity acquired Brief Background: Please refer point 1 above. in terms of products/line of business acquired, date of incorporation, history of Line of Business: Security Screening & last 3 years turnover, country in which the Inspection Technology acquired entity has presence and any other Date of Incorporation – 18/02/2009 significant information (in brief); Last 3 Years Turnover (in crores): FY 2024-25 – Rs. 20.81 FY 2023-24 – Rs. 14.81 FY 2022-23 – Rs. 20.00 Presence and Incorporation: India (Formerly known as Synthiko Foils Limited) Regd. Off.: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L63119PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: compliance@belding.in I Website: www.belding.ltd