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: Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Further investment in its foreign subsidiary, namely Skyways SLS Cargo Services LLC, incorporated in Dubai, United Arab Emirates (UAE) Dear Sir/Madam, Pursuant to Regulation 30 read with Regulation 30(4), as applicable, and the relevant provisions of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), as amended from time to time and earlier intimation submitted on 17.09.2026 through Outcome of Board Meeting held on 17.09.2026, we wish to inform you that the Company has made a further investment in its foreign subsidiary, namely Skyways SLS Cargo Services LLC, incorporated in Dubai, United Arab Emirates (UAE), by way of subscription to its additional equity share capital for an amount not exceeding AED 1203840 (equivalent to USD 327888 and INR 3,13,29,824.80) divided into 198 shares of face value AED 1000 per share including premium of AED 5080 per share on such terms and conditions as may be mutually agreed upon for the purpose of working capital requirements. The relevant particulars of the investment are provided in Annexure - A enclosed herewith. You are requested to take the above information on record. Thanking you, Yours faithfully, 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: 29.10.2026 Enclosure: Annexure A – Details of Further investment in its foreign subsidiary, namely Skyways SLS Cargo Services LLC, incorporated in Dubai, United Arab Emirates (UAE), by way of subscription to its additional equity share capital. ANNEXURE-A DISCLOSURES UNDER 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 Further investment in its foreign subsidiary, namely Skyways SLS Cargo Services LLC, incorporated in Dubai, United Arab Emirates (UAE), by way of subscription to its additional equity share capital Particulars Details Name: Skyways SLS Cargo Services LLC (“Target Company”) i.e. a subsidiary Company of the Skyways Air Services Limited. Business Activity: Engaged in Logistics business activities in Dubai. Name of the target entity, details in brief such as 1. Registered O(cid:431)ice: 202 B, 2nd Floor, Bin Khedia size, turnover, etc. Center, Block A, AL Garhoud, Dubai-62419, UAE. Date of Incorporation : 07th August, 2021 Turnover and size: INR 39.39 Crores for FY 2025-26 The investment does fall within related-party Whether the acquisition would fall within related transactions, and the promoters have interest party transactions and whether the in the Target Company. promoter/promoter group/group companies have any interest in the entity being acquired. If yes, nature Nature of Interest: Due to Subsidiary, of interest and details thereof and whether the same promoters have beneficiary interest. is done at arm’s length. Yes, Transaction is being done at arm’s length. Integrated Logistics, Transportation and 3. Industry to which the entity being acquired belongs. Freight Forwarding Objects and e(cid:431)ects of acquisition (including but not limited to disclosure of reasons for acquisition of The investment is for the purpose of working target entity, if its business is outside the main line of capital requirements business of the listed entity). No specific governmental or regulatory approval has been identified as being Brief details of any governmental or regulatory required for the investment, subject to approvals required for the acquisition. confirmation of the applicability of statutory, regulatory and other approvals under the relevant laws. Indicative time period for completion of the 6. Within 30 days approximate acquisition. Nature of consideration – whether cash 7. consideration or share swap and details of the Cash consideration same. Subscription to its additional equity share capital for an amount not exceeding AED Cost of acquisition or the price at which the shares 1203840 (equivalent to USD 327888 and INR are acquired. 3,13,29,824.80) divided into 198 shares of face value AED 1000 per share including premium of AED 5080 per share Subscription to its additional equity share capital for an amount not exceeding AED 1203840 (equivalent to USD 327888 and INR 3,13,29,824.80) divided into 198 shares of Percentage of shareholding/control acquired and/or 9. face value AED 1000 per share including number of shares acquired. premium of AED 5080 per share Shareholding and control in Percentage (%): The entity is engaged in the business of freight forwarding. Date of incorporation: 07.08.2021 Brief background about the entity being acquired in Turnover History: terms of products/line of business, date of 10. incorporation and history of the last three years’ 2023-24 – INR 25.73 Crores turnover, country in which the acquired entity has 2024-25 – INR 85.57 Crores presence and other significant information. 2025-26 – INR 39.39 Crores The entity has presence in United Arab Emirates.