The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sikka Ports & Terminals Ltd & Other

November 2, 2026 From (i) Sikka Ports & Terminals Limited - CIN U45102GJ1997PLC031906 (SPTL) [84-A, Mittal Court, 8th Floor, 224, Nariman Point, Mumbai 400021] (ii) Jamnagar Utilities & Power Private Limited - CIN U40100GJ1991PTC051130 (JUPL) [84-A, Mittal Court, 8th Floor, 224, Nariman Point, Mumbai 400021] (SPTL and JUPL together referred to as Acquirers) BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot No C/1, G Block, Bandra Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai 400051 Dear Sirs, Sub: Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 {“Takeover Regulations”} Please find attached the disclosure under Regulation 29(2) of the Takeover Regulations in respect of allotment of 25,00,00,000 equity shares of face value of Rs. 10/- each of Jio Financial Services Limited on October 30, 2026 upon conversion of warrants. Kindly take the same on record. Thanking you, Yours faithfully, For Sikka Ports & Terminals Limited For Jamnagar Utilities & Power Private Limited Forum Sheth Vijay Agarwal Company Secretary Company Secretary Encl.: As above Copy to: The Company Secretary Jio Financial Services Limited 1st Floor, Building 4NA, Maker Maxity, Bandra Kurla Complex, Bandra(East), Mumbai – 400051 Disclosure under Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Jio Financial Services Limited Name(s) of the acquirer and Persons Acting in i) Sikka Ports & Terminals Limited Concert (PAC) with the acquirer ii) Jamnagar Utilities & Power Private Limited Whether the acquirer belongs to Promoter/Promoter Yes group Name(s) of the Stock Exchange(s) where the shares BSE Limited of TC are Listed National Stock Exchange of India Limited Details of the acquisition / disposal as follows Number % w.r.t. total % w.r.t. total share/voting diluted capital share/voting wherever capital of the applicable TC (**) Before the acquisition under consideration, holding of : a) Shares carrying voting rights i) Sikka Ports & Terminals Limited 19,35,00,000 2.930% 2.824% ii) Jamnagar Utilities & Power Private Limited 25,34,64,144 3.839% 3.699% b) Shares in the nature of encumbrance (pledge/ NA NA NA lien/ non-disposal undertaking/ others) c) Voting Rights (VR) otherwise than by shares NA NA NA d) Warrants/ convertible securities/ any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) i) Sikka Ports & Terminals Limited 12,50,00,000 NA 1.824% ii) Jamnagar Utilities & Power Private Limited 12,50,00,000 NA 1.824% e) Total (a+b+c+d) a) Shares carrying voting rights: i) Sikka Ports & Terminals Limited 19,35,00,000 2.930% 2.824% ii) Jamnagar Utilities & Power Private 25,34,64,144 3.839% 3.699% Limited b) Warrants: i) Sikka Ports & Terminals Limited 12,50,00,000 NA 1.824% ii) Jamnagar Utilities & Power Private 12,50,00,000 NA 1.824% Limited Details of acquisition/sale a) Shares carrying voting rights acquired/sold i) Sikka Ports & Terminals Limited 12,50,00,000 1.824% 1.824% ii) Jamnagar Utilities & Power Private Limited 12,50,00,000 1.824% 1.824% b) VRs acquired /sold otherwise than by shares NA NA NA c) Warrants /convertible securities/any other NA NA NA instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired /sold d) Shares encumbered / invoked/ released by NA NA NA the acquirer e) Total (a+b+c+d) i) Sikka Ports & Terminals Limited 12,50,00,000 1.824% 1.824% ii) Jamnagar Utilities & Power Private Limited 12,50,00,000 1.824% 1.824% After the acquisition/sale, holding of: a) Shares carrying voting rights i) Sikka Ports & Terminals Limited 31,85,00,000 4.648% 4.648% ii) Jamnagar Utilities & Power Private Limited 37,84,64,144 5.522% 5.522% b) Shares encumbered with the acquirer NA NA NA c) VRs otherwise than by shares NA NA NA d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition i) Sikka Ports & Terminals Limited Nil NA NA ii) Jamnagar Utilities & Power Private Limited Nil NA NA e) Total (a+b+c+d) a) Shares carrying voting rights: i) Sikka Ports & Terminals Limited 31,85,00,000 4.648% 4.648% ii) Jamnagar Utilities & Power Private Limited 37,84,64,144 5.522% 5.522% Mode of acquisition / sale (e.g. open market / off- Allotment of 25,00,00,000 equity shares by market / public issue / rights issue / preferential TC upon conversion of warrants issued on allotment / inter-se transfer etc). a preferential basis Date of acquisition / sale of shares / VR or date of October 30, 2026 receipt of intimation of allotment of shares, whichever is applicable Equity share capital / total voting capital of the TC Equity share capital – 660,31,41,623 before the said acquisition / sale (No. of shares) Equity share capital/ total voting capital of the TC Equity share capital – 685,31,41,623 after the said acquisition / sale (No. of shares) Total diluted share/ voting capital of the TC after the Equity share capital – 685,31,41,623 said acquisition (No. of shares) Note: The Acquirers are members of the promoter and promoter group of TC. Post acquisition, the aggregate shareholding of the promoter and promoter group of TC has increased from 49.13% to 50.98% of the total paid-up equity share capital of the TC. NA - Not Applicable (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. Signature of the acquirers/ seller/ Authorized Signatory For Sikka Ports & Terminals Limited For Jamnagar Utilities & Power Private Limited Forum Sheth Vijay Agarwal Company Secretary Company Secretary Place: Mumbai Date: November 2, 2026