Press Release

Date: October 26, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phirozee Jeejeeboy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400001. Bandra (East), Mumbai – 400051 Scrip Code: 544865 Symbol: LEAPIND Dear Sir/ Ma’am, Subject: Intimation of execution of Business Transfer Agreement for acquisition of business undertaking by wholly owned subsidiaries of the Company. Ref: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) With reference to the captioned subject, we wish to inform you that: • Vimprotech Private Limited (“Acquirer 1”), (wholly owned subsidiary of LEAP India Limited) (“LEAP”) has executed a Business Transfer Agreement (“BTA 1”) on October 26, 2026 with Ms. B. Sumitha, sole proprietor for the sole proprietorship firm, Vimprotech (“Vimprotech”); • Total Integrated Packaging Solutions Private Limited (“Acquirer 2”), (wholly owned subsidiary of LEAP) has executed a Business Transfer Agreement (“BTA 2”) on October 26, 2026 with M/s. Total International Packaging Solutions (“TIPS”), a partnership firm represented by its partners Ms. B. Sumitha, Mr. R.B. Arvind and Mr. R.B. Gautham Srinivas. for the purchase/acquisition of the business undertaking of Vimprotech and TIPS, on a slump sale basis, as a going concern, subject to the terms and conditions mutually agreed in the BTA 1 and BTA 2, respectively. A disclosure in terms of Regulation 30 read with para-A of part A of Schedule III of the SEBI Listing Regulations, as amended, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 (“Master Circular”), is enclosed as an Annexure I and II for Acquirer 1 & Acquirer 2 respectively. The detailed press release in this regard is enclosed in Annexure III. We request you to kindly take the above information on record. Thanking you. Yours faithfully, For LEAP India Limited Chirag Bagadia Company Secretary, Compliance Officer and Head Legal Membership No.: A21579 Annexure - I Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary of the listed entity or any other restructuring: 1.1 Acquisition (including agreement to acquire): Sr. No Disclosure requirement Details 1 Name of the target entity, details in M/s Vimprotech (a sole proprietorship firm represented by brief such as size, turnover etc. the sole proprietor Ms. B Sumitha) is in the business of manufacturing of vacuum-formed, thermoformed and injection-moulded products and packaging solution with its manufacturing units located in South India. Vimprotech caters to various industries including automobiles, electrical and electronics, consumer durables, agriculture, food packaging, logistics and industrial manufacturing sectors (“Vimprotech Business”). Vimprotech had total revenue of Rs. 47 crores (Rs. Forty- Seven crores) for the business taken over in the financial year 2025-26. 2 Whether the acquisition would fall The acquisition does not fall within the related party within related party transaction(s) transactions. and whether the promoter/ promoter group/ group companies The Promoter/ Promoter group of LEAP has no interest in have any interest in the entity being the above entity. acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3 Industry to which the entity being Manufacturing of Plastic Packaging Products. acquired belongs; 4 Objects and impact of acquisition The transaction is consistent with LEAP’s growth strategy (including but not limited to, and enhances its capabilities with backward integration. disclosure of reasons for acquisition of target entity, if its business is LEAP has identified the facilities located in South India as a outside the main line of business of suitable acquisition target because it is into designing, the listed entity); mould manufacturing and production of comprehensive range of Plastic Packaging products. The acquisition will strengthen the LEAP’s design capabilities, in-house production for container business, broaden its portfolio of vacuum-formed, thermoformed & injection-moulded packaging products and increase cross- selling opportunities across its existing and prospective customer base, thereby generating operational and cost efficiencies, faster turnaround time and improved customer experience. The BTA 1 records the process and manner of transfer of the business undertaking of Vimprotech located in South India including the conditions precedent. Sr. No Disclosure requirement Details 5 Brief details of any governmental or Not Applicable. regulatory approvals required for the acquisition; 6 Indicative time period for Subject to fulfilment of the conditions precedent set out completion of the acquisition; under BTA 1, the acquisition of the Vimprotech Business is expected to be completed by 3rd Quarter of FY2026-27. 7 Consideration - whether cash Cash consideration only which shall be payable in tranches. consideration or share swap or any other form and details of the same 8 Cost of acquisition and/or the price The Vimprotech Business will be acquired by at which the shares are acquired M/s. Vimprotech Private Limited (“Acquirer 1”), subject to closing of the transaction, for a cash consideration of Rs. 102 crores (Rs. One Hundred and Two crores only) to M/s. Vimprotech payable in tranches in accordance with the terms and conditions set out in BTA 1. 9 Percentage of shareholding/control Not Applicable. acquired and / or number of shares acquired. 10 Brief background about the entity Not applicable since the transaction is acquisition of acquired in terms of products/line of Vimprotech Business by way of a slump sale on a going business acquired, date of concern basis. incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) Annexure - II Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary of the listed entity or any other restructuring: 1.2 Acquisition (including agreement to acquire): Sr. No Disclosure requirement Details 1 Name of the target entity, details in Total International Packaging Solutions is in the business of brief such as size, turnover etc. pooling returnable packing materials, catering to Auto industry (“TIPS Business”). As per the audited financial statements, TIPS had total revenue of Rs. 18 crores (Rs. Eighteen Crores) in the financial year 2025-26. 2 Whether the acquisition would fall The acquisition does not fall within the related party within related party transaction(s) transactions. and whether the promoter/ promoter group/ group companies The Promoter/ Promoter group of LEAP has no interest in have any interest in the entity being the above entity. acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3 Industry to which the entity being Pooling of Plastic Packaging Products acquired belongs; 4 Objects and impact of acquisition The transaction is consistent with LEAP’s growth strategy to (including but not limited to, expand its Pooling of returnable packaging solutions disclosure of reasons for acquisition business across India and further strengthen its position of target entity, if its business is into automotive sector. outside the main line of business of the listed entity); TIPS has been identified as a suitable target because of its presence into asset pooling with varied product categories such as Trays, Covers, Flute Boards & Pallets across South and Central India. The BTA 2 records the process and manner of transfer of the b [Showing first 8,000 characters — download PDF for full document]