Enclosed Certificate of Extinguishment of equity shares bought back by the Company

SHARDUL SECURITIES LIMITED CIN : L50100MH1985PLC036937 G 12, Tulsiani Chambers, Nariman Point, Mumbai 400 021 Tel. : 91 22 46032806 or 22-46032807 Email id : investors@ssl.ind.in Website : www.shardulsecurities.com Date: November 03, 2026 BSE Limited PJ Towers, Dalal Street, Mumbai 400 001, Maharashtra, India Scrip Code: 512393 Scrip ID: SHARDUL Sub.: Filing of Certificate of Extinguishment pursuant to provisions of Regulation 11 of the SEBI (Buy-back of Securities) Regulations, 2018, as amended (“Buy-back Regulations”). Ref : Buy-back of Equity Shares of Shardul Securities Limited (the “Company”) Dear Sir / Madam, Pursuant to 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 Tendering Period for the Buyback opened on Wednesday, October 14, 2026, and closed on Wednesday, October 21, 2026 (both days inclusive). Pursuant to Regulation 24(iv) of the Buy-back Regulations, the following are the details of the Equity Shares bought back by the Company during the Tendering Period and extinguished/destroyed: Reconciliation of the Share Capital of the Company (Pre and Post Extinguishment): Sr. Particulars No. of Equity Shares Equity Share Capital No. (₹ in lakhs) 1. Paid up capital before extinguishment of equity 8,74,92,165 1,749.84 shares (A) 2. Equity Shares in Physical Form extinguished (B) - - 3. Equity Shares in Demat/ Electronic Form 1,92,00,000 extinguished (C) Paid-Up Capital (Post Extinguishment) (A-B-C) 6,82,92,165 1,365.84 Pursuant to Regulation 11(iv) of the Buy-back Regulations, we also enclose the certificate dated November 02, 2026, (Extinguishment execution date October 31, 2026) issued as per Regulation 11(iii) of the Buy-back Regulations relating to the above extinguishment of 1,92,00,000 Equity Shares, as Annexure I. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the number of Equity Shares bought back, and the post-Buyback shareholding pattern as disclosed in the post Buyback public announcement published on October 30, 2026, is enclosed as Annexure II. The above information is also being made available on the website of the Company at www.shardulsecurities.com The terms used but not defined in this letter shall have the same meaning as assigned in the Public Announcement and the Letter of Offer. Kindly receive the same in order and take the same on record. For, Shardul Securities Limited Daya Bhalia Company Secretary & Compliance Officer M. No: A24205 Encl: a/a Annexure I CERTIFICATE OF EXTINGUISHMENT OF EQUITY SHARES BOUGHT BACK BY SHARDUL SECURITIES LIMITED (THE “COMPANY”) The certificate is being issued pursuant to the requirements of Regulation 11 of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buy-back Regulations”). Pursuant to the Public Announcement dated September 30, 2026, published on October 1, 2026 and Letter of Offer dated October 12, 2026, the tendering period for the Buyback Offer opened on Wednesday, October 14, 2026, and closed on Wednesday, October 21, 2026 (the “Tendering Period”). The following are the details of the Equity Shares bought back by the Company during the said Tendering Period and extinguished/ destroyed. A. The equity shares extinguished in dematerialised form are as under: Name of the Depository Client ID Date of No. of Equity Shares Participant and DP ID No Extinguishment Extinguished Pravin Ratilal Share and 10968233 October 31, 2026 1,92,00,000 Stock Brokers Limited - IN300982 B. The Equity Shares extinguished in physical form are as under: Registered Certificate No. Distinctive Date of No. of Equity Shares Folio No. No. of Equity Extinguishment Extinguished Shares Not Applicable* *No Equity shares in the physical form were tendered under the Buy-back. Hence, no extinguishment is required in the physical form. C. The total equity shares extinguished are as under: Total Number of Equity Shares Extinguished (A + B) 1,92,00,000 This is to certify that the above equity shares of the Company were extinguished in compliance with the provisions of Regulation 11 of the Buy-back Regulations and Securities and Exchange Board of India (Depository and Participants) Regulations, 2018 as amended and the by-laws framed thereunder. This is for your information and records. For, Shardul Securities Limited For, Shardul Securities Limited Name: Devesh Chaturvedi Name: Yogendra Chaturvedi Designation: Director Designation: Whole-time Director DIN: 00004793 DIN: 00013613 For D Maurya and Associates For, MUFG Intime India Private Limited Practising Company Secretary Registrar to the Buyback CS Dhirendra Maurya Proprietor Mem. No. F14132; CP No. 9594 Name: Sumit Dudani Designation: Deputy Head – Primary Market Peer Review Cert. No.: 2544/2022 UDIN: F014132H002125736 Date: November 03, 2026 Place: Mumbai Date: November 03, 2026 Enclosed: Confirmation from National Securities Depository Limited for extinguishment of Equity Shares in dematerialized form. Ref : II/CA/COM/119167/2026 November 02, 2026 Ms. Daya Bariya Company Secretary Shardul Securities Limited 712-715, Tulsiani Chambers 212, Nariman Point Mumbai - 400021 Sub : Buy-back (tender offer) Madam, As per the corporate action(s) executed by your R&T Agent/Registry Division viz; MUFG INTIME INDIA PRIVATE LIMITED , Equity Shares were credited/debited to the account(s) in the NSDL system, details of which are given below : ISIN ISIN Description D/C Records Quantity Execution Date INE037B01020 SHARDUL SECURITIES LIMITED EQ NEW Debit 1 19,200,000.000 31/Oct/2026 FV RE.2/- You may contact your R&T Agent/ Registry Division for further details in this regard. Yours faithfully, Basant Kumar Sahu Assistant Vice President Digitally Signed By Name: Basanta kumar Sahu Date:02/11/2026 12:51:20 Reason: Authentication Location: NSDL,Mumbai Annexure II The shareholding pattern of the Company, pre and post Buyback, is as under: Pre Buy-back# Post Buy-back* % to % to post existing Category of Shareholder Number of Number of Buy-back Equity Shares Shares Equity Share Share capital capital Promoters and Promoter Group 6,54,88,962 74.85% 4,95,53,322 72.56% Foreign Investors (including Non-Resident 2,76,869 0.32% Indians FIIs and Foreign Mutual Funds) Financial Institutions / Banks & Mutual 0 0.00% 1,87,38,843 27.44% Funds promoted by Banks / Institutions Others (Public, Public Bodies Corporate, 2,17,26,334 24.83% etc.) Total 8,74,92,165 100% 6,82,92,165 100% #As on the record date i.e. October 8, 2026 *Post Extinguishment as on November 02, 2026 For, Shardul Securities Limited Daya Bhalia Company Secretary & Compliance Officer M. No: A24205