Acquisition

The Manager, The Department of Corporate Relations Department of Corporate Services- Compliances, BSE Limited National Stock Exchange of India Limited Phiroze Jeejebhoy Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai - 400001 Bandra (East), Mumbai- 400 051 Scrip Symbol: SKYWAYS Scrip ID: 544890 Subject: Intimation regarding investment by Material subsidiary of the Company in Sageroute Logistics Private Limited Ref.: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to the captioned subject, we wish to inform you that the Company has received an intimation today, October 28, 2026 from Brace Port Logistics Limited, a Material subsidiary of the Company, regarding its proposed acquisition of 76% of the existing issued and paid-up equity share capital of Sageroute Logistics Private Limited (“Target Company”) from its existing shareholder(s), pursuant to a Share Purchase Agreement (“SPA”) dated 28.10.2026. The aggregate purchase consideration for the proposed acquisition shall not exceed ₹76,000 (Rupees Seventy-Six Thousand only). Upon completion of the acquisition and fulfilment of the applicable statutory requirements, Sageroute Logistics Private Limited will become a subsidiary of Brace Port Logistics Limited and, consequently, a step-down subsidiary of the Company. Further, detailed information as required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023 and SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is attached herewith as Annexure-1. You are requested to take the same on your record and oblige us. For Skyways Air Services Limited (Formerly Skyways Air Services Private Limited) Hitesh Kumar Company Secretary cum Compliance Officer M. No. A33286 Place: New Delhi Date: 28.10.2026 ANNEXURE-1 DISCLOSURES UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, READ WITH THE APPLICABLE SEBI CIRCULARS Acquisition of 76% of the equity share capital of Sageroute Logistics Private Limited by Brace Port Logistics Limited, a Material subsidiary of the Company Particulars Details Name: Sageroute Logistics Private Limited (“Target Company”). Registered O(cid:431)ice: House No. 71, Ansal Garden Enclave, Govindpuram, Ghaziabad, Uttar Pradesh, Name of the target entity, details in brief such 1. India – 201001. as size, turnover, etc. Turnover and size: The Target Company was incorporated in 28th July 2026 and is a newly incorporated entity. Accordingly, it has no historical turnover as on the date of this disclosure. Whether the acquisition would fall within related party transactions and whether the The proposed acquisition does not fall within promoter/promoter group/group companies related-party transactions, and the promoter, have any interest in the entity being acquired. promoter group and group companies have no If yes, nature of interest and details thereof and interest in the Target Company. whether the same is done at arm’s length. Integrated Logistics, Transportation, Freight Industry to which the entity being acquired 3. Forwarding, Warehousing and Supply Chain belongs. Solutions industry. Objects and e(cid:431)ects of acquisition (including The proposed acquisition is intended to expand the but not limited to disclosure of reasons for business operations of the Company, explore new 4. acquisition of target entity, if its business is business opportunities, create operational synergies outside the main line of business of the listed and strengthen the Company’s business presence. entity). No specific governmental or regulatory approval has been identified as being required for the proposed Brief details of any governmental or regulatory 5. acquisition, subject to confirmation of the approvals required for the acquisition. applicability of statutory, regulatory and other approvals under the relevant laws. Indicative time period for completion of the 6. Within 30 days acquisition. Nature of consideration – whether cash 7. consideration or share swap and details of the Cash consideration same. Cost of acquisition or the price at which the Aggregate purchase consideration not exceeding shares are acquired. ₹76,000 (Rupees Seventy-Six Thousand only) and subsequent infusion of capital amounting to INR 75,24,000/- (Rupees Seventy-Five Lacs Twenty Four Thousand only). Acquisition of 7,600 equity shares, representing 76% of the existing issued and paid-up equity share Percentage of shareholding/control acquired capital of Sageroute Logistics Private Limited, and/or number of shares acquired. subject to confirmation of the total issued and paid- up equity share capital and the number of shares held by the existing shareholders. Sageroute Logistics Private Limited is a company incorporated under the Companies Act, 2013, in 28th July 2026, having its registered o(cid:431)ice at House No. 71, Ansal Garden Enclave, Govindpuram, Brief background about the entity being Ghaziabad, Uttar Pradesh, India – 201001. The Target acquired in terms of products/line of Company belongs to the integrated logistics, business, date of incorporation and history of 10. transportation, freight forwarding, warehousing and the last three years’ turnover, country in which supply chain solutions industry. Being a newly the acquired entity has presence and other incorporated company, it has no historical turnover significant information. for the preceding three financial years. not present in other countries. The Target Company is incorporated in India and does not have any operational presence in other countries.