Bonanza Portfolio Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Shareholders of Inani Securities Ltd ("Target Company").

DRAFT LETTER OF OFFER “THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION” This Draft Letter of Offer is sent to you as a Public Shareholder(s) of Inani Securities Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stock broker or an investment consultant or Manager/ Registrar to the Offer. In case you have recently sold your Equity Shares in the Company, please hand over this Draft Letter of Offer and the accompanying form of acceptance-cum-acknowledgement and Transfer Deed to the Member of the Stock Exchange through whom the said sale was effected. OPEN OFFER (“OFFER”) Contact Name Acquirer Address Email Address Details Aikyam Financial 1203, Lotus Link Square, Near Apna Bazar, DN 022 6975 Services private Acquirer Nagar, New Link Road, Andheri, Mumbai – info@aikyamcap.com 2600 Limited 400053, Maharashtra, India FOR THE ATTENTION OF THE SHAREHOLDERS OF INANI SECURITIES LIMITED Corporate Identification Number: L67120AP1994PLC017583 Registered Office: 5-8-352/15, Ground Floor, Chirag Ali Lane, Raghava Ratna Towers, Hyderabad-500001, Tel No.: 040-23201279; Fax.: 040-23203747; Website: www.inanisec.in; Email: info@inanisec.in for acquisition of up to 11,85,002 (Eleven Lakh Eighty Five Thousand Two) fully paid-up Equity Shares having face value of ₹ 10/- (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”) payable in cash, pursuant to and in compliance with the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 (SEBI (SAST) Regulations, 2011) as amended. Please Note: 1. This Offer (as defined below) is being made by the Acquirer pursuant to the SPA (as defined below) and in compliance with Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011 for substantial acquisition of Equity and Voting Share Capital accompanied with change in control and management of the Target Company. 2. As on the date of this Draft Letter of Offer, the statutory and regulatory approvals, consents and permissions, if any, required in connection with the acquisition of Equity Shares pursuant to the Offer are as set out in Paragraph 7.4 titled “Statutory Approvals and Conditions of the Offer” on page 47 of this DLOO. Save and except as disclosed in the aforesaid paragraph, to the best of the knowledge of the Acquirer, no other statutory approvals are presently required to be obtained specifically for the acquisition of Equity Shares validly tendered and accepted pursuant to the Offer. Notwithstanding the foregoing, the Offer and the acquisition of Equity Shares pursuant thereto shall remain subject to the receipt of all applicable statutory and regulatory approvals, consents and permissions, if any, that may be required or may become necessary in connection with the Offer, in accordance with applicable law. In the event that any statutory approval required for the acquisition of Equity Shares pursuant to the Offer is not received, the consequences shall be governed by Regulation 23 of the SEBI (SAST) Regulations, 2011. 3. There is no differential pricing in this Offer. 4. If there is any upward revision in the Offer Price and/ or the Offer Size at any time up to 1 (One) Working Day prior to commencement of the Tendering Period i.e., Friday, December 04, 2026, in terms of the SEBI (SAST) Regulations, 2011 the same would also be informed by way of a Public announcement in the same newspapers where the original Detailed Public Statement had appeared. If the Offer is withdrawn pursuant to Regulation 23 of the SEBI (SAST) Regulations, 2011, the same would be communicated within 2 (Two) Working Days by an announcement in the same newspapers in which the Detailed Public Statement had appeared. Such revised Offer Price shall be payable by the Acquirer for all the Offer Shares validly tendered during the Tendering Period of this Offer. 5. The Acquirer shall not withdraw the Open Offer except in the circumstances specified under Regulation 23(1) of the SEBI (SAST) Regulations, 2011. Such circumstances include (i) the statutory approvals required for the Open Offer or for effecting the underlying acquisition having been finally refused, subject to the applicable disclosure requirements; (ii) any condition stipulated in the Share Purchase Agreement attracting the obligation to make the Open Offer not being fulfilled for reasons outside the reasonable control of the Acquirer and the Share Purchase Agreement being rescinded, subject to the applicable disclosure requirements; or (iii) such other circumstances as, in the opinion of SEBI, merit withdrawal, subject to a reasoned order passed by SEBI. In the event of withdrawal, the Acquirer, through the Manager to the Offer, shall comply with the requirements of Regulation 23(2) of the SEBI (SAST) Regulations, 2011, including making an announcement stating the grounds and reasons for withdrawal in the same newspapers in which the Public Announcement was published, within 2 (Two) Working Days of such withdrawal, and simultaneously informing SEBI, the stock exchange(s) on which the Equity Shares of the Target Company are listed, and the Target Company at its registered office. 6. There has been no competing offer as on the date of this Draft Letter of Offer. If there is a competitive offer, then the Offer under all subsisting bids shall open and close on the same date. 7. This Offer is not subject to a minimum level of acceptance by the Public Shareholders of the Target Company and is not a conditional offer under Regulation 19 of the SEBI (SAST) Regulations, 2011. 8. Public Shareholders, who have accepted this Offer by tendering the requisite documents in terms of the Offer Documents, shall not be entitled to withdraw such acceptance during the Tendering Period. 9. The procedure for acceptance is set out in Point 8 titled as ‘Procedure for Acceptance and Settlement of the Offer’ on Page 49 of this Draft Letter of Offer. 10. A copy of Public Announcement (“PA”), Detailed Public Statement (“DPS”), Draft Letter of Offer (“DLOO”) and Letter of Offer (“LOO”) (including Form of Acceptance cum Acknowledgement) is also available on the website of SEBI at www.sebi.gov.in. 11. The marketable lot for the Equity Shares for the purpose of this Open Offer shall be 1. Public Shareholders can participate in the Offer by offering their shareholding in whole or in part. For capitalized terms, refer to the Paragraph titled ‘Definitions and Abbreviations’ beginning on page 12 of this Draft Letter of Offer. MANAGER TO THE OFFER REGISTRAR TO THE OFFER BONANZA PORTFOLIO LIMITED PURVA SHAREGISTRY (INDIA) PRIVATE CIN: U66190DL1993PLC052280 LIMITED Address: Bonanza House, Plot No. M-2, CIN: U66190MH1993PTC074079 Cama Industrial Estate, Walbhat Road, Behind The Hub, Address: Unit No. 9, Ground Floor, Goregaon (East), Mumbai - 400 063 Shiv Shakti Industrial Estate, J. R. Boricha Marg, Contact Person: Ms. Swati Agrawal/ Mr. Abhay Bansal Lower Parel (East) Mumbai – 400011, Tel No.: +91 22 68363773/ 91 11 40748709 Tel No: +91 022 49614132 Email: swati.agrawal@bonanzaonline.com; Email: support@purvashare.com abhay.bansal@bonanzaonline.com Website: www.purvashare.com Website: www.bonanzaonline.com Contact Person: Ms. Deepali Gaonkar SEBI Registration No.: INM000012306 SEBI Registration Number: INR000001112 Validity: Permanent Validity: Permanent OFFER OPENING DATE OFFER CLOSING DATE MONDAY, DECEMBER 07, 2026 FRIDAY, DECEMBER 18, 2026 Page 2 of 67 TENTATIVE SCHEDULE OF THE MAJOR ACTIVITIES RELATING TO THIS OFFER Sr. No Tentative Activity Schedule Day and Date 1. Date of the Public Announcement Monday, October 12, 2026 2. Publication date of the DPS in the Newspapers Mon [Showing first 8,000 characters — download PDF for full document]