We hereby inform you that the Company has received an Adjudication Order dated 30th October, 2026, passed by the Adjudicating Officer, Securities and Exchange Board of India (SEBI), pertaining to historical shareholding classification and reclassification matters.

Date: 03-11-2026 The Corporate Relationship Dept., Bombay Stock Exchange Limited, Floor 25, P J Towers, Dalal Street, Mumbai 400001 Ref: Scrip Code - 517423 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of Adjudication Order Dear Sir/s, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received an Adjudication Order dated 30th October, 2026, passed by the Adjudicating Officer, Securities and Exchange Board of India (SEBI), in the matter of Integra Switchgear Limited for alleged violations of Regulation 31(1)(b) read with Regulation 4(1)(e), Regulation 31A(2) read with Regulations 4(1)(g) and 4(1)(h), Regulation 31A(8)(c), Regulation 31A(7)(c), Regulation 31A(6)(a) and Regulation 4(1)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in the matter of erstwhile Promoters (Vora family including Bimal Switchgear Private Limited) for alleged violations of Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to historical shareholding classification and reclassification matters. The details of the said order, as required under Regulation 30 of the SEBI LODR Regulations, 2015, are provided in Annexure A. A copy of the Adjudication Order is enclosed herewith for your information and records. Kindly take the above disclosure on your record. Thanking you, Yours faithfully, For INTEGRA SWITCHGEAR LIMITED Rehanabibi Rijwan Kudalkar Compliance Officer Annexure Disclosure as per Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Particulars Details Securities and Exchange Board of India (SEBI) a) Name of the Authority b) Nature and details of the action(s) Penalty of INR 5,00,000 (Rupees Five Lakh Only) levied on the Company under taken, initiated or order(s) passed Section 15HB of the SEBI Act, 1992 and penalty of INR 8,00,000 (Rupees Eight Lakh Only) under Section 15A(b) of SEBI Act, 1992 vide the Adjudication Order dated October 30, 2026. c) Date of receipt of direction or October 30, 2026 vide Email order, including any ad-interim or interim orders d) Details of the violation(s)/ SEBI has examined the Draft Letter of Offer (“DLO”) filed by M/s. Northvale contravention(s) committed or Capital Partners Private Limited (“Acquirer”) for the acquisition of 7,49,216 alleged to be committed equity shares of the Company. Upon examination of the DLO and the Manager to the Offer’s letter dated June 6, 2024, SEBI observed: i) alleged violations of the Regulation 31(1)(b) read with Regulation 4(1)(e), 31A (2), 4(1)(g), 4(1)(h), 31A (8) (c), 31A (6) (a), 31 A (7) (c) and 4 (1) (c) of LODR Regulations in the matter of Integra Switchgear Limited and ii) alleged violations of Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in the matter of erstwhile Promoters (Vora family including Bimal Switchgear Private Limited) e) Impact on financial, operation or As per the Share Purchase Agreement dated February 12, 2024, and as per other activities of the listed entity, the latest Undertaking dated May 22, 2026, any liability arising from such pre- quantifiable in monetary terms to acquisition matters shall be borne by the erstwhile Promoters (Vora family) the extent possible and there shall be no impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. The delay occurred due to a technical issue with the BSE Listing Portal, f) Explanation for delay wherein the OTP required for logging into the portal was not being generated, thereby preventing timely access to the portal and completion of the requisite filing within 24 hours of the email received. The delay was purely technical and unintentional, and there was no deliberate or willful default on the part of the Company. BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA ADJUDICATION ORDER No. Order/MS/SM/2026-27/32799-32815 UNDER SECTION 15-I OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF THE SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995 In respect of: Noticee No. Noticee Name PAN Noticee 1 Integra Switchgear Limited AAACI4316G Noticee 2 Mayurbhai Jamnadas Vora AACPV0285G Noticee 3 Deepak Jamnadas Vora AACPV0288M Noticee 4 Pankaj Jamnadas Vora AACPV0287E Noticee 5 Deepak Jamnadas Vora AACHV2197K Noticee 6 Mayur Jamnadas Vora HUF AACHV2195M Noticee 7 Anuja Mayur Vora AEOPV0445C Noticee 8 Pratibha Deepak Vora AABPV8946K Noticee 9 Jairaj Deepak Vora AGFPV8155Q Noticee 10 Mayuri Pankaj Vora AABPV8945L Noticee 11 Varangi Deepak Vora AGJPV5233D Noticee 12 Harsha Mayur Vora AABPV8829K Noticee 13 Aashka Sanket Vadalia AGVPV4187C Noticee 14 Bimal Switchgear Private AABCB9943M Limited Noticee 15 Zarna Yogesh Dhruv AAAPD7442D Noticee 16 Ashna Mayur Vora AEMPV8431M Noticee 17 Ateet Abhay Vora ADTPV2379M In the matter of Integra Switchgear Limited A. BACKGROUND 1. Securities and Exchange Board of India (hereinafter also referred to as “SEBI”) was in receipt of a Draft Letter of Offer (“DLO”) filed by M/s. Northvale Capital Partners Private Limited (“Acquirer”) for acquisition of 7,49,2016 equity shares of M/s. Integra Switchgear Limited (“the Company”/ “Target Company”/ “ISL”). From a perusal of the DLO and letter dated June 6, 2024 from the manager to the offer M/s Navigant Corporate Advisors Limited (“MB”), it was observed that the Adjudication Order in the matter of Integra Switchgear Limited | Page 1 of 38 company and its promoters are in violation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as ‘LODR Regulations’) and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as ‘SAST Regulations’) 2. SEBI initiated Adjudication Proceedings under Section 15-I of the SEBI Act, 1992 against Integra Switchgear Limited (“the Company”/ “Target Company”/ “ISL” / “Noticee1”) for the alleged violations of:- (i) Regulation 31(1)(b) read with Regulation 4(1)(e) of LODR Regulations (ii) Regulation 31A (2) read with Regulation 4(1)(g) and Regulation 4(1)(h) of LODR Regulations (iii) Regulation 31A (8) (c) of LODR Regulations and Regulation 31A (7) (c) of LODR Regulations (iv) 31 (A) (2) of LODR Regulations (v) Regulation 31A (6) (a) of LODR Regulations (vi) Regulation 4 (1) (c) of LODR Regulations and its promoters Mayurbhai Jamnadas Vora (Noticee 2/ Mayurbhai Vora), Deepak Jamnadas Vora (Noticee 3/ Deepak Vora), Pankaj Jamnadas Vora (Noticee 4/ Pankaj Vora), Deepak Jamnadas Vora HUF (Noticee 5/ Deepak Vora HUF), Mayur Jamnadas Vora HUF (Noticee 6/ Mayur Vora HUF), Anuja Mayur Vora (Noticee 7/ Anuja Vora), Pratibha Deepak Vora (Noticee 8), Jairaj Deepak Vora (Noticee 9/ Jairaj Vora), Mayuri Pankaj Vora (Noticee 10/ Mayuri Vora), Varangi Deepak Vora (Noticee 11/ Varangi Vora), Harsha Mayur Vora (Noticee 12/ Harsha Vora), Aashka Sanket Vadalia (Noticee 13/ Aashka Vadalia), Bimal Switchgear Private Limited (Noticee 14), Zarna Yogesh Dhruv (Noticee 15/ Zarna Dhruv), Ashna Mayur Vora (Noticee 16/ Ashna Vora ), Ateet Abhay Vora (Noticee 17/ Ateet Vora) for alleged violations of :- (i) Regulation 29(1) of SAST Regulations (ii) Regulation 29(2) of SAST Regulations Adjudication Order in the matter of Integra Switchgear Limited | Page 2 of 38 B. APPOINTMENT OF ADJUDICATING OFFICER 3. SEBI appointed an Adjudicating Officer (“erstwhile AO”) vide communication dated June 25, 2025 under Section 15-I of the SEBI Act, 1992 (herein after r [Showing first 8,000 characters — download PDF for full document]