We wish to inform you that as per the requirements of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, the Company has sent the intimation of the open market buyback offer to the members on November 2, 2026, through electronic mode, whose email addresses are registered with the Company or Bigshare Services Private Limited, Registrar and Transfer Agent of the Company, or the Depositories.

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Wee nclhoesree wthiceto hpo yfe maciolm municsaetntitoto hsneh areholders. Youa rree quetsott aektdeh s ea moen r ecord. ThankYionug, Youfrasi thfully, FoDrC WL imited DilDiapr ji SrG.e neMraanla g(eLre g8-aClo)m paSneyc retary MemberNsohA.iC pS -22527 REGISTEDRCEWLD I MITED MUMBADIC WL IMITED OFFICE Dhrang3a6d3h3r1a0 , Nirm3arFldl, o or, SurendDriasntaGrguiajcrat r,a t. NariPmoaiMnnu tm,b4 a0i0 021 ho@dcwltd.com +9(12 429)5 73000/49573001 ww.wdcwltd.com ho@dc.cwolmt d CI-NL 24O1G1J9 l3 9PLC000748 DCW LIMITED CIN: L24110GJ1939PLC000748 Registered Office: Dhrangadhra, Surendra Nagar, Gujarat - 363310 Email: investor.relations@dcwltd.com | Website: https://dcwltd.com/ Tel.: +91 22 49573000-3001 November 02, 2026 SUB: COMMUNICATION TO THE EQUITY SHAREHOLDERS / BENEFICIAL OWNERS OF THE EQUITY SHARES OF DCW LIMITED FOR THE BUYBACK OF EQUITY SHARES FROM THE OPEN MARKET THROUGH STOCK EXCHANGES UNDER THE SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) REGULATIONS, 2018, AS AMENDED (“SEBI BUY-BACK REGULATIONS”). Dear Shareholder(s), The Board of Directors of DCW Limited (“Company”) at its meeting held on October 29, 2026 (“Board Meeting”), approved the buyback of fully paid-up equity shares of the face value of Rs. 2/- (Rupees Two only) each (“Equity Shares”) of the Company, from its shareholders / beneficial owners (other than those who are Promoters, members of the Promoter Group or Persons in Control), from the open market through Stock Exchange mechanism, i.e., using the electronic trading facilities of the Stock Exchanges where the Equity Shares of the Company are listed, namely BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) (collectively, “Stock Exchanges”), at a price not exceeding Rs. 58/- (Rupees Fifty- Eight only) per Equity Share (“Maximum Buyback Price”) and for an aggregate amount not exceeding Rs. 40,00,00,000/- (Rupees Forty Crores only) (“Maximum Buyback Size”) , excluding expenses to be incurred for the Buyback, payable in cash (the process being referred hereinafter as “Buyback”). Further, considering the Maximum Buyback Size and the Maximum Buyback Price as defined above, the indicative Maximum number of Equity Shares proposed to be bought back is 68,96,551 (Sixty-Eight Lakh Ninety-Six Thousand Five Hundred Fifty-One), i.e., 4.53% of the total paid-up equity share capital and free reserves (including securities premium account) of the Company as on date. If the Equity Shares are bought back at a price lower than the Maximum Buyback Price, the actual number of Equity Shares bought back will exceed the indicative Maximum number of Equity Shares proposed to be bought back. This information regarding the Buyback is being disseminated to the shareholders of the Company through electronic means. about:blank?windowId=SecondaryReadingPane3 2/5 Timetable for the Buy-back: Activity Date / Details Date of Board resolution Thursday, October 29, 2026 approving Buy-back Date of publication of Public Saturday, October 31, 2026 Announcement Opening of Buy- Tuesday, November 03, 2026 back period Acceptance of equity shares held Upon the relevant pay-out by the Stock Exchanges in dematerialised mode The Equity Shares bought back in dematerialised form shall be extinguished in accordance with the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, as amended, the bye- laws, circulars and guidelines issued thereunder, and Regulation 21 of the SEBI Buy-back Regulations. The Extinguishment of Equity Shares lying to the credit of the Buy-back Demat equity shares Account shall be extinguished on or before the 15th (Fifteenth) day of the succeeding month in which the Equity Shares are bought back. The Company shall ensure that all Equity Shares bought back are extinguished within 7 (Seven) Working Days from the expiry of the Buy-back period, in accordance with the applicable provisions of the SEBI Buy-back Regulations. Earlier of: (a) the expiry of sixty-six (66) Working Days from the date of opening of the Buyback, i.e. February 8, 2027; (b) the date on which the Company completes the Buyback by deploying an amount equivalent to the Maximum Buyback Size; or Last date for the (c) such earlier date as may be determined by the Board completion of the (including any committee thereof constituted by the Board, or any person(s) nominated by the Board or such Buyback (“Buyback committee to exercise the powers conferred by the Closing Date”) Board in relation to the Buyback), after giving notice of such early closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size, even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back. Provided that all payment obligations in relation to the Buyback shall be completed on or before the last date of the Buyback. Process and methodology for the Buy-back: 1. The Buyback is open to all shareholders of the Company holding Equity Shares in dematerialised form (“Demat Shares”). Shareholders holding Equity Shares in physical form may participate in the Buyback only after dematerialising their Equity Shares through a Depository Participant. 2. The Buyback will be implemented by the Company through open market purchases about:blank?windowId=SecondaryReadingPane3 3/5 on the Stock Exchanges, using the order-matching mechanism , excluding the “all or none” order-matching system, in accordance with the SEBI Buy-Back Regulations and the price-time priority-based order-matching principle prescribed under the applicable Stock Exchange circulars. 3. Commencing from November 03, 2026, being the date of opening of the Buyback, the Company shall place “buy” orders on the normal trading segment of the Stock Exchanges under the BO series through its broker, in such quantities and at such prices as may be determined by the Company, in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/35 dated March 8, 2023, titled “Operational Guidance – Amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018”, as amended from time to time, and the applicable Stock Exchange circulars. The price of each order shall not exceed the Maximum Buyback Price. 4. Procedure for Buyback of Demat Shares: Equity Shareholders / beneficial owners holding Demat Shares who wish to sell their Equity Shares in the Buyback shall do so through their respective stockbrokers, being registered members of either of the Stock Exchanges. They shall communicate to their respective stock brokers, the details of the Equity Shares they intend to sell whenever the Company has placed a “buy” order for the Buyback of Equity Shares. The Company shall place “buy” orders for the Buyback of Demat Shares through its broker, specifying the number of Equity Shares it intends to purchase and the price at which such shares are to be purchased. The trade shall be executed at the price at which the Company's “buy” order matches the sell order placed by the [Showing first 8,000 characters — download PDF for full document]