Please find the enclosed letter for subsequent subscription of Compulsorily Convertible Preference Shares (CCPS) of Nexon Omniverse Limited.

414, Shah Nahar (Worli) Industrial Estate, B- Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com November 03, 2026 Corporate Relationship Department BSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001 Scrip code: 503681 Dear Sir/Madam, Sub: Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Elcid Investments Limited (hereinafter referred to as the “Company”) intends to enter into an agreement for further subscription to Compulsorily Convertible Preference Shares (CCPS) of Nexon Omniverse Limited (hereinafter referred to as “Nexon Omniverse”). It may be noted that this is a subsequent investment by the Company in Nexon Omniverse, pursuant to its earlier subscription to CCPS of Nexon Omniverse. The Company now proposes to make a further investment by subscribing to additional CCPS, in accordance with the terms and conditions of the proposed agreement. The details of the proposed transaction are enclosed herewith as Annexure A. Kindly take the above information on record. Thank you. Yours Sincerely, For Elcid Investments Limited Ayush Dolani Company Secretary & Compliance Officer Place: Mumbai 414, Shah Nahar (Worli) Industrial Estate, B- Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com Annexure A Sr. Particulars Details 1. Name of the target entity, details in Name: Nexon Omniverse Limited (Change in name with brief such as size, turnover etc. effect from November 25, 2022) Previously known as Ethnicity Limited with effect from April 22, 2021. Registered Office: D-202, Synthofine Estate, Off Aarey Road Behind Virvani Industrial Estate, Goregaon East, Bandra Suburban, Mumbai, Maharashtra, India, 400063 Brief Details: Nexon Omniverse Ltd is a fashion retailer conducting its business under two verticals: 1) Style Union: Fast fashion apparel & accessories for men, women and kids 2) Ethnicity: MBO format for ethnic wear and home accessories The total turnover of ‘Nexon Omniverse Limited’ for the financial year ended March 31, 2026 is ₹ 1198.7 Crores 2. Whether the acquisition would fall No within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. 3. Industry to which the entity being Fast Fashion Retail acquired belongs 4. Objects and effects of acquisition The Company has acquired and invested into ‘Nexon (including but not limited to, Omniverse’ as a normal course of business of the disclosure of reasons for company being an NBFC – Investment Company and as acquisition of target entity, if its per the main objects of the company. business is outside the main line of business of the listed entity). 5. Brief details of any governmental Not Applicable or regulatory approvals required for the acquisition 414, Shah Nahar (Worli) Industrial Estate, B- Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com Sr. Particulars Details 6. Indicative time period for 30 days completion of the acquisition 7. Nature of consideration - whether Cash Consideration cash consideration or share swap and details of the same. 8. Cost of acquisition or the price at The Company intends to further invest in the following which the shares are acquired. shares: 1. Subscribing to 160 Series E Compulsorily Convertible Preference Shares (CCPS) of the Target Entity at a subscription price of ₹1,00,000 per CCPS – Post conversion the CCPS E will convert into 9195 shares (Conversion ratio – 57.47 per CCPS). 9. Percentage of shareholding / The proposed investment by Elcid Investments Limited in control acquired and / or number of the Series E Compulsorily Convertible Preference Shares shares acquired. (CCPS) of Nexon Omniverse Limited is ₹1,60,00,000/- (Rupees One Crore Sixty Lakhs Only). Considering Elcid Investments Limited's previous investment(s) and the proposed investment under the current Series E CCPS round, the aggregate shareholding in Nexon Omniverse Limited, on a fully diluted basis, is expected to be approximately 0.60% of the total share capital of Nexon Omniverse Limited. 10. Brief background about the entity Please refer to point no. 1 for brief background of ‘Nexon acquired in terms of products/line Omniverse’. of business acquired, date of incorporation, history of last 3 Date of Incorporation: 7th September 2011 years turnover, country in which Country of establishment: India the acquired entity has presence and any other significant Turnover of last three years (in crores): information (in brief). FY 2026: ₹ 1198.7 FY 2025: ₹ 582.9 FY 2024: ₹ 346.7