Fedex Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of newspaper publication of Recommendations of the Committee of Independent Directors ('IDC') to the Public ....

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001, Maharashtra, India. Sub: Submission of newspaper publication of Recommendations of the Committee of Independent Directors (“IDC”) to the Public Shareholders of Parmax Pharma Limited Scrip ID: PARMAX | Scrip Code: 540359 Ref: Open offer for acquisition of upto 23,46,250 (Twenty-Three Lakhs Forty-Six Thousand Two Hundred and Fifty) fully paid-up equity shares of face value of ₹ 10.00 each (“Equity Shares”) of Parmax Pharma Limited (the “Target Company”), representing 26.00% (Twenty-Six Percent) of the Expanded Voting Share Capital of the Target Company from the Public Shareholders of the Target Company by Dhiren Chandulal Shah (“Acquirer 1”) and Sunil Chinubhai Shah (“Acquirer 2”) hereinafter collectively referred to as the (“Acquirers”) along with Dhairya Dhiren Shah (“PAC 1”), Hiren Pravin Doshi (“PAC 2”), Sheetal Hiren Doshi (“PAC 3”), Nirmal Sunilbhai Shah (“PAC 4”), Rupa Sunil Shah (“PAC 5”), Vijaykumar Natvarlal Shiyani (“PAC 6”), Kamlesh Natvarlal Shiyani (“PAC 7”), Abhay Chinubhai Shah (“PAC 8”), Umang Alkesh Gosalia (“PAC 9”) and Meena Alkesh Gosalia (“PAC 10”) ( (PAC 1, PAC 2, PAC 3, PAC 4, PAC 4, PAC 5, PAC 6, PAC 7, PAC 8, PAC 9 and PAC 10, collectively referred to as the “PACs”), in their capacity as persons acting in concert with the Acquirers for the purposes of the Open Offer (“Offer” or “Open Offer”). Dear Sir/Madam, In relation to the captioned offer, we, Fedex Securities Private Limited, Manager to the Open Offer, herewith enclosed the newspaper publication of the IDC issued pursuant to and in accordance with Regulation 26(7) of the SEBI (SAST) Regulations, 2011. The same has also been published in all newspapers in which DPS was published. In this regard, recommendation approved by the Committee of Independent Directors of the Target Company, at its meeting held on July 25, 2026 has been published today, July 27, 2026 in the following newspapers: S No. Newspapers Language Editions 1. Financial Express English All Editions 2. Jansatta Hindi All Editions 3. Financial Express Gujarati Ahmedabad Edition – Place of Registered Office of the Target Company 4. Mumbai Lakshdeep Marathi Mumbai Edition – Place of Stock Exchange at which shares of Target Company is situated We request you to kindly consider the attachment as good compliance and disseminate it on your website. Thanking You, For Fedex Securities Private Limited Antara Chogle Manager Date: July 27, 2026 Place: Mumbai gmo_dma, {X. 27 Owb¡ 2026 _w§~B© bjXrn 5 tkghj u¨Vhl ao~rO_wio {M_wH$ë`m g_W© ñdm_rMm XþX£dr ;k tkghj uksfVlh}kjs reke yksdkal dGfo.;kr ;srs meeJe&peefveJeÀ met®evee dh] Jh- ukjk;.k çlkn jes'kdqekj yqgk:dk ¼,p ;q ³eeÜejs met®evee osC³eele ³esles JeÀer, Þeer. DeefYe<esJeÀ pewve amoO ,Q½ o Jh- jes'kdqekj yqgk:dk gs xkGk Ø-ƒ] ns mJe. Þeerceleer De©Cee pewve ³eeb®³eeJeÀ[tve JeejmeenJeÌJeÀeves COURT NO. 6 _¥Ë`y; ^Q>Š`m Hw$Í`m§da H$madmB©Mr _mJUr rGetyk èkuy{eh baMfLVª;y bLVsV fçek;lsl dks& ÒeeHle Pee}s}s HeÌ}@ì ¬eÀ. 703 DeeefCe 704, Fceejle IN THE BOMBAY CITY CIVIL COURT AT DINDOSHI v‚i lkslk;Vh fy-] uo?kj] l- ua-…ƒ] …†]…‡] …ˆ Iy‚V ua- ƒå‡] ƒåˆ] ƒå‰] olbZ iwoZ] rk- olbZ] ft- ¬eÀ. 5, µeebleer iee[&ve, mesJeÌìj-3, ceerje jes[ (HetJe&), L. C. SUIT NO. 422 of 2007 iky?kj ps ekyd vlwu R;kaP;kdMwu lnj feGdrhps "eCes ³eebceOeer} l³eeb®es nJeÌJeÀ, cee}JeÀernJeÌJeÀ DeeefCe efnle- Shri Vasant Krishna Nigade of Mumbai, aged about 61 years, Occupation gmobmnya, {X. 26: ^dmZr noR> n[agamVrb Km|JSo> dñVr `oWo dmMm 'ksvj lfVZfQdsV gjoysyk vkgs- mebyebOe (Demeu³eeme) mees[tve osC³eeyeeyele®ee nJeÌJeÀ-l³eeie retired, residing at Gaubai Krishan Nigade Chawl No. 53, Room No. 6, rjh lnj feGdrhoj dks.kkgh blekpk] okjl] Hw$Í`m§À`m h„²`mV OI_r Pmboë`m g_W© ñdm_r `m {M_wH$ë`mMm O;DRkhpk] dCtk] xgk.k] nku] nkok] oghokV] fyt] omleSsJepe (Release Deed) efve<Heeefole JeÀª Feq®íleele. Sambhaji Nagar, OPP. Vijay Nagar Society, Sahar Road, Andheri (East), HkkMsiêk o vU; gDd fgrlacaèk vlsy rj rks R;kauh gh p³ee JeÀesCel³eener J³eJeÌleer®ee meoj HeÌ}@ìdmeyeeyele JeÀenerner Mumbai - 400069, Maharashtra, India. C nn [aM gm aa mm VXa å h` imZ h ia o~r ìO `_ ºwi $ o hn moVh mQ A>o gXþX yZ£d , r g_ §~¥Ë §{` Yy VP m Hb w$Qm. w>§~ m` bm m K AQ>Z m{Wo_wi ©H$o X¡."_w§~B© 'u fu kk qHs eV k h L yl o { k{ eç k hjf l h ' d k) ‚fk i j axkau> dkk Y y ‚; Es[ Ik yki h k sD[l lkq qu y ] k llƒ sk D † „ V ƒ j&åfn ‹]o ]nl owlk laP j; k ar ek ut xv y jk k hr ] ] o l³e eJ ee bve, ee r n nJ ee r ÌJ meÀ e, t® c evee e} e ÒJ ee eÀ fmern e×JeÌJ e PÀ ee eEJ ueÀ ³J ee ee H ee efn ml etvem e e 1byebO 4e D efoem Jee mu e³ ee b®em ³ee, e V 1)e r Ts hu es Chief Executive Officer, Slum Rehabilitation Authority, constituted olbZ ¼iwoZ½] rk- olbZ] ft- iky?kj ;k R;kaP;k iÙ;koj Deele mebyebefOele JeÀeieoHe$eebmen Kee}er mener JeÀjCeeN³ee under the Maharashtra Slum Areas (Improvement) Act 1971, having its office at _XV XoÊ`m~amo~aM KQ>ZoMr Mm¡H$er d ^Q>Š`m Hw$Í`m§À`m dmT>Ë`m ;ksX; R;k dkxnksi=h iqjkO;klg dGokok vU;Fkk rlk J³eJeÌleerme }sKeer mJeªHeele JeÀUJeeJes; Dev³eLee, l³eeveblej Fourth Floor, MHADA Building, Bandra (East), Mumbai - 400051. CnÐdmda VmVS>rZo Cnm``moOZm H$aÊ`mMr _mJUr Omoa Yê$ bmJbr bjXrn' lfg 'D ekod tk; yf g l s tr nl kj b ac Zyfaè e -k Gu dkg rh hov jl ds l ks.e khgt h qu n koe snk k> j s uv kgf' hk ry vkaP; lk s oJe mÀe lsC ee Sl sJee epn ee r eH fve eg{ <He er} eefo m lee bo JeY sÀe }& v ee pI ee esl Fe &}e m .eoj nJeÌJeÀ-l³eeie 2 B) M T Ch e A M ctu 1m 88b 8a i h C avo ir np go ir tsa t oio ffin c o ef a G t Mre aa hte ar p aM liu kam Mba ai r ga ,b Fo od ry t, c Mon us mtit bu at ie d - 4u 0n 0d 0e 0r 1th . e Amho. KQ>ZoZ§Va ñWm{ZH$ ZJagodH$ amOHw$_ma nmQ>rb `m§Zr _¥V lgh @& vWM- iqtk fn- ikVhy ef"JeÀeCe: cegbyeF& Deevebo DeeµeeHegjs (JeJeÀer}) 3) M/S. R. T. Construction (Dhiraj Developers) having their office at Ground ~mbH$mÀ`m Hw$Qw>§~r`m§Mr ^oQ> KoD$Z Ë`m§Mo gm§ËdZ Ho$bo. VgoM nr{S>V fnukad % 27@å7@„儈 LFkku % olbZ efoveebJeÀ: 27.07.2026ceesyeeF&}: 8879482184 Floor, P. P. Dias Compound, Natwar Nagar Road No. 1, Jogeshwari (East), Mumbai - 400060 and presently at Dhiraj Aroma, Anant Kanekar Marg, Station Hw$Qw>§~mbm Am{W©H$ _XV Road, Bandra (East), Mumbai - 400054. {_imdr `mgmR>r nmbH$_§Ìr, 4) Yamunabai Bhiku Dongre adult Hindu Indian Inhabitant of Mumbai, age not known, residing at Room No. 9-A, _hmnm{bH$m àemgZ VgoM Omhra gyMZm 5) Nagesh Bhiku Dongre, adult Hindu Indian Inhabitant of Mumbai, age not Am_Xma Xoe_wI `m§À`mH$So> gd© g§~§{YV OZVog `mÛmao gy{MV H$aÊ`mV `oVo known, residing at Room No. 9-B, nmR>nwamdm H$aUma Agë`mMr H$s, Am_Mo A{eb X {MIb _mH}$Q> H§$nZr 6) Dada Keshav Gopanvar, adult Hindu Indian Inhabitant of Mumbai, age not {b{_Q>oS>, H§$nZr H$m`ÚmÀ`m VaVwXtZwgma ñWmnZ known, residing at Room No. 5, _m{hVr Ë`m§Zr E_EM 13 Pmbobr npãbH$ {b{_Q>oS> H§$nZr, Zm|XUrH¥$V 7) Madhukar Jijaba Kadam, adult Hindu Indian Inhabitant of Mumbai, age not known, residing at Room No. 8, Ý`yOer ~mobVmZm {Xbr. H$m`m©b`: ñdXoer _mH}$Q> {~pëS§>½O, 316-E, 8) Raja Shivaji Lavate, adult Hindu Indian Inhabitant of Mumbai, age not H$mi~mXodr amoS>, _w§~B©-400002 ho Ë`m§À`m `m{edm`, `m àH$aUmMr known, residing at Room No. 2, _mb_Îmo_Yrb gd© XþH$mZo, {Zdmgr Jmio Am{U J§^ra XIb KoV gmo_dmar BVa ^mJmM§ ogdj} Z d _mOo _mn H$aUma Amh.o AMHy $ 9 o) f MSm umt bN aia , ju agk eb i n oB t a kp nu o wT na ,m reb so il di i n( gS h aa t i Rkh o) o, m a d Nu olt . 3H , i And Lu L I Rnd esia idn i nI gn h inab ti hta en irt _hmnm{bH$m Am`wº$m§gmo~V d EH$g_mZ ZmX|r R>do U oAm{U Ë`mZfw J§ mZ oAmdí`H$ Omhra gyMZm respective Room Numbers situated in Gaubai Krishna Nigade Chawl No. VmVS>rMr ~¡R>H$ KoÊ`mMr Agbobr àemgH$s`, H$m`Xoera d d¡Ym{ZH$ `mÛmao gyMZm XoÊ`mV `oVo H$s, Am_Mo A{eb lr. 53, Sambhaji Nagar, Opp. Vijay Nagar Society, Sahar Road, Andheri (East), H$m`©dmhr H$aUo hm `m_mJrb CÔoe Amho. XÎmmÌ` {edmOr ^m§So> ho Ë`m§À`m Zmdmda Vr _mb_Îmm Mumbai - 400069, Maharashtra, India. _mJUr H$aÊ`mV `oUma AgyZ, H§$nZr `mÛmao gd© gXñ`, Vm~mYmaH$, ^mSo>H$ê$, hñVm§V[aV H$aÊ` [Showing first 8,000 characters — download PDF for full document]