Newspaper Publication of Post Buyback Public Announcement

SHARDUL SECURITIES LIMITED CIN : L50100MH1985PLC036937 G 12, Tulsiani Chambers, Nariman Point, Mumbai - 400 021. Tel. : 91 22 4603 2806 / 07 Email id : investors@ssl.ind.in Website : www.shardulsecurities.com Date: October 30, 2026 BSE Limited PJ Towers, Dalal Street, Mumbai 400 001, Maharashtra, India Sub.: Submission of Post Buy-back Public Announcement pursuant to the provisions of the SEBI (Buy-Back of Securities) Regulations, 2018 (“Buy-back Regulations”) Dear Sir/Ma’am, This is in furtherance to our intimation dated October 12, 2026 on the Letter of Offer for Buy-back of 1,92,00,000 (One Crore Ninety Two Lakhs) fully paid-up equity shares of the Company of face value of 2/~ each at a price of 260/- (Rupees Sixty only) per equity share payable in cash for a total consideration not exceeding 2115,20,00,00,00 /- (Rupees One Hundred Fifteen Crore Twenty Lakh only). Further in compliance with Regulation 24(vi) of the Buy-back Regulations, we have published the Post Buy-back Public Announcement today, i.e. October 30, 2026 in the following newspapers: 1. Business Standard — (English) National daily — All Editions. 2. Business Standard — (Hindi) National Daily — All Editions. 3. Mumbai Lakshadeep — (Marathi) — Regional We enclose e-clippings of the Post Buy-back Public Announcement. We request you to kindly take the same on record. Thanking you For, Shardul Securities Limited Ms. Daya Bhalia Company Secretary & Compliance Officer M. No.: A24205 SHARDUL SECURITIES LIMITED Corporate Identification Number (CIN): L50100MH1985PLC036937 Registered Office: G-12, Tulsiani C| Phone: +91 22 460326C il: in ind.in - Website: wwv Contact Person: Da ha pa y & Compliance Officer POST BUY-BACK PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS / BENEFICIAL OWNERS OF EQUITY SHARES OF SHARDUL SECURITIES LIMITED (“THE COMPANY”) This post Buy-back Public Announcement (“Post Buy-back Public Announcement”) is released in compliance with the provisions of Regulation 24(vi) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buy-back Regulations”). This Post Buy-back Public Announcement should be read in conjunction with the Public Announcement dated September 30, 2026, published on October 1, 2026 (*Public Announcement’) and Letter of Offer dated October 12, 2026 ("Letter of Offer"). The terms used but not defined in this Post Buy-back Public Announcement shall have the same meaning as assigned to such terms in the Public Announcement and the Letter of Offer. 1. The Buy-back 1.1, The Company had announced the Buy-back of up to 1,92,00,000 (One Crore Ninety Two Lakhs Only) fully paid-up equity shares of 2/ (Rupees Two Only) each (‘Equity Shares"), representing 21.94% of the total number of Equity Shares of the total paid-up Equity Share capital of the Company, from the shareholders / beneficial owners of Equity Shares of the Company as on the record date i.e. Thursday, October 08, 2026 (‘Record Date"), on a proportionate basis, through the “Tender Offer” process at a price of% 60/- (Rupees Sixty Only) per Equity Share for an amount not exceeding 21,15,20,00,000/- (Rupees One Hundred Fifteen Crore Twenty Lakh Only) excluding costs such as brokerage, applicable taxes such as fees, brokerage, other applicable taxes such as securities transaction tax, goods and service tax, stamp duty, filing fees to SEBI, stock exchange charges, advisors/legal fees, printing and dispatch expenses, it any, public announcement and letotf oeffrer publication expenses, advertising expenses, and other incidental and related expenses and charges thereto (“Transaction Costs”) (the ‘Buy-back Size"). The Buy-back size represents which represents 24.92% and 14.16% of the aggregate of the total paid-up equity share capital and free reserves (including securities premium account) as per the standalone and consolidated audited financial statements of the Company as at March 31, 2026, respectively, whichever sets out a lower amount, to be sourced out of free reserves of the Company and/or such other source as may be pemnitted by the Buy-back Regulations or the Act. 1.2, The Buy-back commenced on Wednesday, October 14, 2026, and closed on Wednesday, October 21, 2026 (both days inclusive) 13, The Company adopted the tender offer process for the purpose of the Buy-back. The Buy-back was implemented using the “Mechanism for acquisition of shares through Stock Exchange” notified by the Securities and Exchange Board of India (SEBI') vide circular CIRICFD/ POLICYCELL/1/2015 dated April 13, 2015, circular CFD/DCR2/CIR/P/2016/131 dated December 9, 2016, circular SEB/HO/CFD/DCRIl/ CIRIP/2021/615 dated August 13, 2021 (the “SEBI Circulars”) in terms of Regulation 9(vii) of the Buyback Regulations. Details of Buy-back 2.1, The total numbeorf Equity shares bought back by the Company in the Buy-back were 1,92,00,000 (One Crore Ninety Two Lakhs Only) Equity Shares, at a price of 260/- (Rupees Sixty Only) per Equity Share. 22, The total amount utiized in the Buy-back is Z1,15,20,00,000/- (Rupees One Hundred Fifteen Crore Twenty Lakh Only), excluding Transaction Costs. 23. The Registrar to the Buy-back i.e. MUFG Intime India Private Limited (“Registrar”), considered a total of 370 valid bids for 2,74,22,296 Equity Shares in response to the Buy-back, resulting in the tender of approximately 1.43 times the maximum numbeorf Equity Shares proposed to be bought back. The details of the valid bids considered by the Registrar are s follows: Category No. of Equity Shares. No.of | Total Equity Shares % reserved in the Buy-back | Valid Bids | Validly Tendered | Response Reserved Category for Small Shareholders 28,80,000 341 570,411 19.81 General Category for all other Equity Shareholders 1,63,20,000 27 2,68,51,885 164.53 Total 1,92,00,000 370 2,74,22,296 18434 “Excludes excess bid by 2shareholders for 461 Equity Shares under Reserved Category and Nil shareholders for Nil Equity Shares under General Category, which were overand above their shareholding as on Record Date hence such Equity Shares have not been considered for acceptance 24 Al valid bids were considered for the purpose of Acceptance in accordance with the Buy-back Regulations and the terms set out in the Letter of Offer. The communication of acceptance/rejection has been sent electronically by the Registrar to the Eligible Equity Shareholders on Wednesday, October 28, 2026, 25, The settlement of all valid bids was completed by Indian Clearing Corporation Limited (“Clearing Corporation”) on Wednesday, October 28, 2026. The Clearing Corporation has made direct funds payout to Eligible Shareholders whose shares have been accepted under the Buy-back. If bank account details of any Eligible Shareholders were not available or if the funds transfer instructions were rejected by the Reserve Bank of India or relevant bank(s), due to any reason, then the amount payable to the Eligible Shareholders will be transferred to the concerned Seller Members' settiement bank account for onward transfetro such Eligible Shareholders. 26, Equity Shares held in dematerialized form accepted under the Buy-back were transferred to the Company’s demat accounotn Wednesday, October 28, 2026. The unaccepted dematerialized Equity Shares have been retumned /unblocked to respective demat accoofu Elingibtle Shareholder| lien removed by the Clearing Corporation on, Wednesday, October 28, 2026. 2.7 The extinguishment of 1,92,00,000 (One Crore Ninety two Lakhs) Equity Shares is currently under process and shall be completed on or before Friday, November 06, 2026. . Capital Structure and Shareholding Pattern 3.4 The Pre and Post Buy-back capital structure of the Company is as under. S;'_ Particulars q m‘;’;“s) A_| AUTHORISED SHARE CAPITAL 50,00,00,000 Equity Shares of 32/ each 70,00000 B [ ISSUED CAPITAL PRE BUY-BACK 8,74,92,165 Equity Shares of 22/~ each 174984 C | SUBSCRIBED AND PAID-UP CAPITAL PRE BUY-BACK 874,92,165 Equity Shares of 22/- ea [Showing first 8,000 characters — download PDF for full document]