Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the public shareholders of Frontier Capital Ltd ("Target Company").

.x SRUJAN ALPHA » CAPITAL ADVISORS ling Alpha to Value Date: October 27, 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 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 ¥10.20/- 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”) and our email and letter dated October 20, 2026 submitting the Detailed Public Statement (“DPS™). We, in capacity of Manager to the Offer and in compliance with Regulation 16(1) of the SEBI (SAST) Regulation have filed the Draft Letter of Offer dated October 27, 2026 (“Draft LOF”) in respect of proposed acquisition of shares of Frontier Capital Limited (“Target Company™) by Mr. Prafful Agarwal and Mrs. Anupam Gupta (“Acquirers”) with the Securities Exchange Board of India pursuant to Regulation 16(1) of the SEBI (SAST) Regulations. ‘We request you to kindly upload the Draft Letter of Offer on your website. Thanking you, For Srujan Alpha Capital Advisors LLP Jinesh Doshi Designated Partner Encl: As above SRUJAN ALPHA CAPITAL ADVISORS LLP | Corp. Off. :fi/fi\f& 9, ?usiness Bay, Mindspace, Chincholi Bunder Road, - e ala fest), ] Mumbai 400064, , Maharashtra. www.sruji analpha.com Bl Reg. Cat. | Merchant Banker 405, Crystal Mall, Sawai Jai Singh Highway, Bani Park, Jaip-u 3r02 016 | LLP Identification No.: AAW-1680 Merchant Banking | Valua| tCoripoorante Advisory Regd. Off. : 1124, 1st Floor, Arun Bazar, S. V. Road, Malad (W), Mumbai - 400 064 SEBI Registration No.: INM000012829 DRAFT LETTER OF OFFER (“DLOF”) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is sent to you as public shareholders (defined below) of Frontier Capital Limited (“Target Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or an investment consultant or the Manager to the Offer (defined below) or the Registrar to the Offer (defined below). In the event you have recently sold your Equity Shares (defined below) in the Target Company, please hand over the Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement to the purchaser of the Equity Shares or the member of the stock exchange through whom the said sale was effected. OPEN OFFER (“OFFER”) BY Mr. Prafful Agarwal (“Acquirer I”) Residential Address: Greyhouse, Plot no 67, Nand Vatika Colony, Kripal Ashram, Dehradun Road, Saharanpur, Uttar Pradesh, 247001 Contact No.: +91 9996935234; Email: prafful097@gmail.com Mrs. Anupam Gupta (“Acquirer II”) Residential Address: Greyhouse, Plot no 67, Nand Vatika Colony, Kripal Ashram, Dehradun Road, Saharanpur, Uttar Pradesh, 247001 Contact No.: +91 9412848717; Email: anupsand@gmail.com To the Eligible Shareholder(s) of Frontier Capital Limited (“Target Company”) Registered Office: 1206, Plot-453, Lodha Supremus, Senapati Bapat Marg, Lower Parel, Delisle Road, Mumbai, Maharashtra, India, 400013 Contact No.: +91 9930972552 | Email id- frontierleasing1984@gmail.com | Website: www.frontiercapital.in Corporate Identification Number: L65990MH1984PLC033128 to acquire upto 43,58,163 (Forty Three Lakh Fifty Eight Thousand One Hundred and Sixty Three Only) of face value of ₹10/- each (“Offer Shares”) representing 26.00% (Twenty Six Percent) of the total voting share capital of the Target Company on a fully diluted basis, for cash at a price of ₹10.20/- (Rupees Ten and Twenty Paise Only) per fully paid up equity share (“Offer Price”). Please Note: 1. This Offer is being made by the Acquirers pursuant to Regulation 3(1) and Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”). 2. This Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19 of SEBI (SAST) Regulations. 3. There is no differential pricing in this Offer. 4. This Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. If there is a competitive offer, then the Offer under all subsisting bids shall open and close on the same date. 5. There has been no competing offer as on the date of this Draft Letter of Offer. 6. As on date, no Statutory Approvals are required to acquire equity shares that are validly tendered pursuant to this Open Offer, except for the prior approval of Reserve Bank of India, Mumbai (“RBI”). However, in case of any statutory or regulatory approvals being required and/or becoming applicable at a later date before the closing of the Tendering Period, this Open Offer shall be subject to the receipt of such approvals. 7. If there is any upward revision in the Offer Price and/or Offer Size by the Acquirers, at any time prior to the commencement of the last 1 (one) working day before the commencement of the Tendering Period i.e., Friday, December 04, 2026, the same would be informed by way of a public announcement in the same newspapers where the original Detailed Public Statement was published. Such revision in the Offer Price would be payable by the Acquirers for all the Offer Shares validly tendered anytime during the Tendering Period of the Offer. If the Offer is withdrawn pursuant to Regulation 23 of SEBI (SAST) Regulations, the same would be communicated within 2 (two) working days by an announcement in the same newspapers in which the Detailed Public Statement was published. 8. A copy of the Public Announcement (“PA”), the Detailed Public Statement (“DPS”) are available on the website of Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in, and copy of this Draft Letter of Offer (“DLOF”) and Letter of Offer (“LOF”) (including the Form of Acceptance cum acknowledgement) will also be available on the website of SEBI at www.sebi.gov.in. 9. As on date of this Draft Letter of Offer, the marketable lot of Target Company is 1 (one). All future correspondence, if any, should be addressed to the Manager to the Offer/ Registrar to the Offer at the address mentioned below: MANAGER TO THE OFFER REGISTRAR TO THE OFFER SRUJAN ALPHA CAPITAL ADVISORS LLP SKYINE FINANCIAL SERVICES PRIVATE LIMITED Registered Office Address: 112A, 1st floor, Arun Bazar, S.V. Road, Registered Address: D-153 A, 1st Floor, Okhla Industrial Beside Bank of India, Malad (West), Mumbai - 400064 Area, Phase-I, New Delhi-110020 Corporate Office Address: 1814/1815, 9, Business Bay, Mindspace, Tel No.: 011-40450193-97 Chincholi Bunder Road, Malad West, Mumbai, Maharashtra 400064 E-mail: ipo@skylinerrta.com Tel. No.: +91 022-40143173; Website: www.skylinerta.com E-mail: frontieropenoffer@srujanalpha.com SEBI Registration No.: INR000003241 Website: www.srujanalpha.com Validity Period: Permanent Investor Grievance: partners@srujanalpha.com, jinesh@srujanalpha.com Contact Person: Mr. Anuj Kumar SEBI Reg. No.: INM000012829 Validity Period: Permanent Contact Person: Mr. Jinesh Doshi OFFER OPENS ON: MONDAY, DECEMBER 07, 2026 OFFER CLOSES ON: FRIDAY, DECEMBER 18, 2026 TENTATIVE SCHEDULE OF MAJOR ACTIVITIES RELATING TO THIS OPEN OFFER Sr. Tentative Activity Schedule Schedule of Activities No. (Day and Date)# 1 Public Announcement (PA). Tuesday, October 13, 2026 2 Publication of DPS in the Newspapers. Tuesday, October 20, 2026& 3 Last date for filing of Draft Letter of Offer with SEBI. Tuesday, October 27, 2026 4 Last date for public announcement of Competing Offer(s)$ Wednesday, November 11, 2026 5 Last date for receipt of comments from SEBI on the Draft Letter of Offer will be Wednesday, November 18, 2026 received (in the event SEBI has not sought clarifications or additional information from the Manager to the Offer). 6 Identified Date* Friday, November [Showing first 8,000 characters — download PDF for full document]