Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and Regulation 4 read with 13(4), 14(3), and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended, to the public shareholders of Frontier Capital Ltd ("Target Company").

‘x SRUJAN ALPHA i | CAPITAL ADVISORS Date: October 20, 2026 The Manager BSE Limited P.J. Towers, Dalal Street, Mumbai - 400001 Dear Sir/ Ma’am, Sub: Open offer to acquire up to 43,58,163 Equity Shares representing 26.00% of the total voting share capital of Frontier Capital Limited (the “Target Company”) by Mr. Prafful Agarwal and Mrs. Anupam Gupta (“Acquirers”) at a price of T10.20/- per fully paid up shares This is with reference to the captioned Open Offer to public shareholders of the Target Company and our email and letter dated October 13, 2026 submitting the Public Announcement (“PA”). We. in capacity of Manager to the Open Offer and in compliance with Regulation 13(4) of the SEBI (SAST) Regulation and pursuant to Regulation 14(4) of the SEBI (SAST) Regulation have published the Detailed Public Statement dated October 19, 2026 on October 20, 2026 (“DPS”) in the following newspapers: Sr. No. Newspaper Language Edition 1 Financial Express English Published on October 20, 2026 - All editions except Chennai. Kochi, Patna, Kolkata edition To be published on October 21, 2026 - Chennai, Kochi edition To be published on October 22. 2026 — Patna edition To be published on October 23, 2026 — Kolkata edition 2 Jansatta Hindi Published on October 20, 2026 - All editions except Chennai. Kochi, Patna, Kolkata edition To be published on October 21, 2026 - Chennai. Kochi edition To be published on October 22, 2026 — Patna edition To be published on October 23. 2026 - Kolkata edition 3 Mumbai Marathi Mumbai Edition - Lakshwadeep Place of Stock Exchange at which shares of Target Company are listed and Place of Registered office of Target Company We request you to kindly upload the Detailed Public Statement on your website. Thanking you, For Srujan Alpha Capital Advisors LLP Jinesh Doshi Designated Partner Encl: As above SRUJAN ALPHHA, CAPPIITT)A L ADVVII SORS LLP Corp. Off. : 1M8a1l4a/d1 815(,W est9,) ,B usMiunmebsas i Ba 4y, 0 00M 6i 4n ,d sp Ma ac he a, r asC hh ti rnc ah .o li Bunder Road, e iaanoloibo.cai SEBI Reg. Cat. | Merchant Banker 405, Crystal Mall, Sawai Jai Singh Highway, Bani Park, Jaipur - 302 016 | LLp Identification No.: AAW-1680 Merchant Banking | Valuation | Corporate Advisory | Regd. OFf. : 1124, 1st Floor, Arun Bazar, S. V. Road, Malad (W), Mumbai - 400 064 SEBI Registration No.: INM000012829 DETAILED PUBLIC STATEMENT IN TERMS OF REGULATION 3(1) AND REGULATION 4 READ WITH 13(4), 14(3), AND 15(2) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AS AMENDED, TO THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF FRONTIER CAPITAL LIMITED CIN: L65990MH1984PLC033128 Registered Office: 1206, Plot-453, Lodha Supremus, Senapati Bapat Marg, Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013 Tel No.: 9930972552 | Email id: frontierleasing1984@gmail.com | Website: www.frontiercapital.in OPEN OFFER FOR ACQUISITION OF UP T0 43,58,163 (FORTY THREE LAKH FIFTY EIGHT THOUSAND ONE HUNDRED AND SIXTY THREE ONLY) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OFX 10/- (RUPEES TEN ONLY) EACH (“EQUITY SHARES”), REPRESENTING 26.00% OF THE TOTAL VOTING SHARE CAPITAL OF FRONTIER CAPITAL LIMITED (“TARGET COMPANY”) FROM THE PUBLIC SHAREHOLDERS OF THE TARGET COMPANY BY MR. PRAFFUL AGARWAL (ACQUIRER ) AND MRS. ANUPAM GUPTA (ACQUIRER I1) (‘ACQUIRER I” AND “ACQUIRER II” HEREINATEFR COLLECTIVELY REFERRED TO AS THE “ACQUIRERS"), PURSUANT TO AND IN COMPLIANCE WITH THE REQUIREMENTS OF THE SEBI (SAST) REGULATIONS (“OFFER” OR “OPEN OFFER”). ‘THIS DETAILED PUBLIC STATEMENT (THE 'DPS') IS BEING ISSUED BY SRUJAN ALPHA CAPITAL ADVISORS LLP, THE MANAGETRO THE OPEN OFFER (“MANAGER TO THE OPEN OFFER"), FOR AND ON BEHALF OF THE ACQUIRERS, IN COMPLIANCE WITH REGULATIONS 3(1) AND REGULATION 4 READ WITH REGULATION 13(4), 14(3), AND 15(2) OF THE SEBI (SAST) REGULATIONS, AND SUBSEQUENT AMENDMENTS THERETO (“TAKEOVER REGULATIONS”) PURSUANT TO THE PUBLIC ANNOUNCEMENT DATED OCTOBER 13, 2026 (“PUBLIC ANNOUNCEMENT" OR “PA") IN RELATION TO THE OPEN OFFER, FILED WITH BSE LIMITED (“BSE"), SECURITIES AND EXCHANGE BOARD OF INDIA (*SEBI), AND THE TARGET COMPANY ON OCTOBER 13, 2026 IN TERMS OF REGULATION 3(1) AND REGULATION 4 READ REGULATION 14(1) AND 14(2) OF THE SEBI (SAST) REGULATIONS. Forthe purposes oftis DPS, the followingtewroumlsd have the meaning assignedto them herein below: 1992 a.“Acquirers” mearMs. Praful Aganval and M. Anupam Gupta. i. Upon completion ofthe Undertying transaction, the Selers shaholnd anyo Equtity Shares ofthe Target Company and the Sellers shal relinquitshhe control and management of the Target Company n favo of the Acaquirers. The b.“Equity Shares” means 1,67,62,163 (One Crore Sixty Seven Lakh Sixty Two Thousand One Hundred and Sty Acquirers willacquirecontrol over the Target Compaandnishyal become the PromoterTasrgeot fCotmpharey. Three Only) fuly pai-up Equiy Shares offace vake of < 10/- (Rupees Ten Oriy) eachofth Target Company. INFOARBOUTM THAE TATRGEIT COOMPNANY c.*Managertthoe Open Offer” o “Manager shallmean Srujan Alpha Capita Advisors L the Manager tothe Open The Target Company is a public limited company bearing Corporate Identification umber (CIN) Offer; L65990MH1984PLCO3312. § was origially incorporated as “Frontier Leasing & Finance Limited” uncer e d.*0pen Offer Shares” means 43,58,163 (Forty Thee Lakh ity Eight Thousand One Huncred andSixty Three Oriy) provisions of the Companies Act, 1956, pursuart to a cerificate of incorporation issued by the Regisrar of Equiy Shares consiin2g6 .00% of the Tota Voting Share CapitTaarogetf Ctomphaney. Companies, Maharashira, dated June 13, 1984. The name ofthe Target Company was subsequently changetdo . "Public Shareholders" means al the equily shareholders of the Target Company who are elghbloe tender thei “Fronier Capital Limiinthte yeeard 20”15, anda resh certficae o incorpocronasetquienot nf such change was Equity Shares inthe Offer, other than the Acquirers and te partestoSthharee Purchase Agreement (definedbelow) issued by the Registrar of Companies, Mumbaiat Maharashiracn February 26, 2015 in compliance withthe provisons of7(5)of SEBI (SAST) Reguiatons; i. There has beenno change nthe name o the Target Company curing the st three years. i. The Registered Ofoff thec Tareget Comps asinuatyed at 1206, Pot-453, Locha Supremus, Serapati Bapat Marg, . “Promoof tthee Tarrgset Company” means M. Arirudh Bhuwaka and Ws. Inimiable Capia Finance Private Lower arel, Delsle Road, Mumbai, Maharashtr, India, 400013 Limited; iv. The Target Company is registered with Reserve Bank of India s a Nor-Depost taking Non-Banking Financial 9. SEBI" means the Securiaensd BxchBoaardn ofg Inedia Company, and the registraion numbers 13.02047 dated June 12, 2013 engaged in the businss of ranting of 1. "SEBI (SAST) Regulations” means Securiies and Exchange Board of ndia (Substantia Acquisiton of Shares and loans andadvances. Takeovers) Regultirs, 2011, amended The Equiy Shares of the Target Company arelisted only on BSE Liited. (Scrip Code: 508980). The SN of the *Seller” shall mean the Promater Sellrs viz Mc Anirudh Bhuwakka and M. imitable Capal Finance Pivate Equity Shares ofthe Target Comi pINEaSTTnED1y013 Limited, Promaters of the Target Company, who has entered ino the SPA (as defined below to sel their entre The authorized shre capial of th Target Company is € 25,00,00,000/- (Rupees Twenty Five Crore Only) divided shareholding constituting 56.07%fthe Toal Voting Shre CapitaTalrgoet fCotmpharey; into 2,50,00,000 (Two Crore Fifty Lakh anly) Equity Shares of 10/- (Rupees Ten Only) each. The paic-up share capial of the Target Company 16,76,21,630/- (Rupees Sxteen Crore Seventy Six Lakh Twerty One Thousand Six “Share Purchase Agreement” or “The SPA” means the Share Purchese Agreement dated October 13, 2025 Hundred and Thirty Only)divided into 1,67,62,163 (One Crore Sisty Seven Lakh Sixy Two Thousand One Hundred executed between the Acquirers and Sellers, pursuant o which the Acq [Showing first 8,000 characters — download PDF for full document]