Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email: ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com 4th November 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 BSE SCRIP CODE: 500264 Dear Sir, Sub: Acquisition of 20% equity shares of Pieflowtech Solutions Private Limited (“PSPL”), a subsidiary Company. Re: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby wish to inform that, the Board of Directors of Mafatlal Industries Limited (‘the Company’) at their meeting held on Wednesday, 4th November 2026, has approved the acquisition of 20,00,000 equity shares of Re. 1/- each, representing 20% stake in Pieflowtech Solutions Private Limited (‘PSPL’), a subsidiary of the Company, from existing shareholder. Consequently, upon completion of the transaction, the shareholding of the Company in PSPL will increase from 60 % to 80% of the total paid-up equity share capital. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated 30th January, 2026 is enclosed herewith as Annexure You are requested to kindly take the above information on your records. Thanking you, Yours faithfully, For Mafatlal Industries Limited Amish Shah Company Secretary Encl.: As above Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email: ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com Annexure A Sr. Particulars Details 1 Name of the Target Company, Details in Pieflowtech Solutions Private Limited (PSPL), a brief such as size, turnover etc. subsidiary Company. CIN: U62090GJ2024PTC155848 Incorporated on 18th October 2024 Authorised Capital: Rs. 5 Crore Subscribed and paid-up capital: Rs. 1 Crore Turnover for the Financial year 2025-26: Rs. 33,065.50/- (Rs. in Thousands) 2 Whether the acquisition would fall within The proposed acquisition is considered a related the related party transaction(s)and party transaction under the provisions of the whether the promoter/promoter Companies Act, 2013 and the SEBI (Listing group/group Companies have any interest Obligations and Disclosure Requirements) in the entity being acquired? Regulations, 2015. If yes, nature of interest and details The purchase consideration has been mutually thereof and whether the same is done at agreed upon based on the valuation report issued arm’s length. by an Independent Valuer. Accordingly, the proposed transaction is intended to be undertaken on an arm's length basis. 3 Industry to which the entity being Information Technology (IT) Software Services and Acquired belongs. Consultancy Services. 4 Objects and impact of acquisition The proposed acquisition forms part of the (including but not limited to, disclosure of Company's broader business strategy to strengthen reasons for acquisition of target entity, if its business in Digital Infrastructure segment and its business is outside the main line of strengthen its capabilities in the education led business of the listed entity.) technology business. 5 Brief details of any governmental or Not Applicable. regulatory approvals required for the acquisition. 6 Indicative time period for completion of Proposed transaction shall be completed within the acquisition. Thirty (30) days. 7 Nature of consideration - whether cash Cash consideration for transfer of equity shares. consideration or share swap and details of the same. Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email: ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com 8 Cost of acquisition or the price at which Rs. 25,00,000/- (Rupees Twenty-Five lakhs Only) for shares are acquired. transfer of 2000000 Equity shares of Re. 1/- each of PSPL, subsidiary Company. 9 Percentage of shareholding/ control Post acquisition the Company shall hold 80 % of acquired and/or number of shares equity shares of PSPL. acquired. 10 Brief background about the entity Pieflowtech Solutions Private Limited (“PSPL”) is acquired in terms of product/line of incorporated in 2024 with a paid-up share capital of business acquired, date of incorporation, Rs. 1.00 crore. The Company holds 60% of the paid- history of last 3 years turnover, country in up equity share capital of PSPL, and the remaining which the acquired entity has presence 40% is held by the other shareholders. All the and any other significant information (in shareholders of PSPL have entered into a brief) Shareholders’ Agreement governing their respective rights and obligations in relation to PSPL. In terms of the provisions of the said Shareholders’ Agreement, the Company has been granted the Right of First Refusal (ROFR) in respect of any proposed transfer of shares by the other shareholders of PSPL. Products/ Line of business of the Target entity: PSPL is engaged in the business of Information Technology (IT) Software Services and Consultancy Services. Date of Incorporation: 18th October 2024. Revenue from Operations: (Rs. in Thousands) For F.Y. 2025-26: Rs. 33,065.50 For F.Y. 2024-25: Rs. 4,500.00 Country in which the acquired entity has presence: India.