Disclosure under SEBI Takeover Regulations

PAGAC ECSTASY PTE. LTD. (Company Registration No. 202024187D) (Incorporated in the Republic of Singapore November 3, 2026 1. Department of Corporate Services, BSE Limited Floor 25, P J Towers, Dalal Street, Mumbai - 400 001 2. National Stock Exchange of lndia Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 3. Nuvama Wealth Management Limited 801 to 804, Wing A, Building No 3, Inspire BKC, G Block BKC, Bandra (East), Mumbai – 400051 Sub: Disclosure under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 and Disclosure of reasons for encumbrance by promoter of listed companies Dear Sir/Madam, PAGAC Ecstasy Pte. Ltd. (PAGAC Ecstasy), a promoter of Nuvama Wealth Management Limited (NWML), had created certain encumbrances in connection with overseas facilities availed by PAGAC Ecstasy for its personal use. Disclosure for this had been filed by PAGAC Ecstasy on December 20, 2024 in terms of Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 and the SEBI Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2023/31 dated February 16, 2023 (collectively, the “Takeover Regulations”). Thereafter, PAG Ecstasy had also filed a disclosure on September 11, 2026 pursuant to the Takeover Regulations to record the increase in underlying amounts of such facilities secured by the aforementioned encumbrances. No further pledge or encumbrances had been created over any additional equity shares of the TC held by PAG Ecstasy from the date of the last disclosure referenced above. In furtherance of the above, please find enclosed disclosures being made pursuant to the Takeover Regulations to record the creation of encumbrances over an additional 3,50,74,460 equity shares of the TC held by PAG Ecstasy as security for the aforementioned facilities after expiry of the regulatory lock-in that was imposed on such equity shares of the TC. Kindly acknowledge and include the same in your records. Thank you, Yours Faithfully, [Signature page to follow] Annexure – I Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Nuvama Wealth Management Limited Name of the Target Company (TC) BSE Limited Names of the Stock Exchanges where the shares of the target company are listed National Stock Exchange of India Limited November 3 2026 Date of reporting PAGAC Ecstasy Pte. Ltd. Name of the promoter or PAC on whose shares encumbrance has been created/released/invoked Details of the creation of encumbrance: October 30, 2026*** Name Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event holding of of the encumbered shares in the target already promo {creation [(2)+(3)] / ter (s) company (1) encumbered (2) release [(2)-(3)] or / invocation [(2)-(3)]] PACs with him* Number % of Number % of Type of Date of Type of Reasons for Number % of Name of Number % of total total event creation/ encumbra encumbranc share the entity share share share (creation release/ nce e capital* in whose capital* capita / invocation (pledge/lie * favor * capita l** release/ of n/ non shares invocati encumbra disposal encumber on) nce undertakin ed g/ others) PAGAC 9,69,60,3 52.54 9,69,60,3 52.54 Creation* October Pledge and For the 9,69,60,340 52.54% Onshore 9,69,60,340 52.54% Ecstasy 40 % 40 % ** 30, 2026 restrictions purpose of Security Pte. Ltd. on raising Agent ^ creating for the financing by any benefit of PAGAC security on the Ecstasy Pte. or Lenders Ltd. disposing and of the Agents ^^ equity shares of the TC held PAGAC Ecstasy Pte. Ltd., other than permitted under the facilities agreement (originally dated Name Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event holding of of the encumbered shares in the target already promo {creation [(2)+(3)] / ter (s) company (1) encumbered (2) release [(2)-(3)] or / invocation [(2)-(3)]] PACs with him* Number % of Number % of Type of Date of Type of Reasons for Number % of Name of Number % of total total event creation/ encumbra encumbranc share the entity share share share (creation release/ nce e capital* in whose capital* capita / invocation (pledge/lie * favor * capita l** release/ of n/ non shares invocati encumbra disposal encumber on) nce undertakin ed g/ others) December 17, 2024 amended by an amendmen t and restatemen agreement dated September 9, 2026 executed by and between inter alia PAGAC Ecstasy Pte. Ltd. as borrower lenders Name Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event holding of of the encumbered shares in the target already promo {creation [(2)+(3)] / ter (s) company (1) encumbered (2) release [(2)-(3)] or / invocation [(2)-(3)]] PACs with him* Number % of Number % of Type of Date of Type of Reasons for Number % of Name of Number % of total total event creation/ encumbra encumbranc share the entity share share share (creation release/ nce e capital* in whose capital* capita / invocation (pledge/lie * favor * capita l** release/ of n/ non shares invocati encumbra disposal encumber on) nce undertakin ed g/ others) (“Facility Agreemen PAGAC N.A. N.A. Nil 0% - September Pledge over For the 9,69,60,340 52.54% Offshore 9,69,60,340 52.54% Ecstasy II 11, 2026*** all shares of purpose of Security Pte. Ltd. ^^^ PAGAC raising Agent ^^ Ecstasy Pte. for the financing by Ltd. and benefit of PAGAC restrictions the Ecstasy Pte. on creating Lenders Ltd. any security and on or Agents ^^ disposing of its assets (including its shareholding in PAGAC Ecstasy Pte. Ltd., other Name Promoter holding Promoter holding Details of events pertaining to encumbrance (3) Post event holding of of the encumbered shares in the target already promo {creation [(2)+(3)] / ter (s) company (1) encumbered (2) release [(2)-(3)] or / invocation [(2)-(3)]] PACs with him* Number % of Number % of Type of Date of Type of Reasons for Number % of Name of Number % of total total event creation/ encumbra encumbranc share the entity share share share (creation release/ nce e capital* in whose capital* capita / invocation (pledge/lie * favor * capita l** release/ of n/ non shares invocati encumbra disposal encumber on) nce undertakin ed g/ others) than as permitted under the Facility Agreement). Asia 15,76,38 0.85% Nil 0% - - - - - - - - - Pragati Strategic Investmen t Fund * The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not. ** Total share capital taken as on the reporting date (i.e., November 3, 2026) and not as per the shareholding pattern for the quarter ended September 30, 2026 as publicly disclosed by the TC to the Stock Exchange. *** A pledge has been created over an additional 3,50,74,460 equity shares held by PAGAC Ecstasy Pte. Ltd. in the TC since the date of the last disclosure filed by PAGAC Ecstasy Pte. Ltd. on December 20, 2024 (and re-iterated unchanged by way of disclosures filed on September 11, 2026) in terms of Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and the SEBI Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2023/31 dated February 16, 2023 The aforementioned equity shares were previously subject to a regulatory lock-in per applicable law. After expiry of such regulatory lock-in, such equity shares of the TC held by PAGAC Ecstasy Pte. Ltd. have been pledged in favour of the Onshore Security Agent (for the benefit of the Lenders and Agents) as required per the terms of the Facility Agreement. The pledge created by PAGAC Ecstasy II Pte. Ltd over the shares of PAGAC Ecstasy Pte. Limited as disclosed in the aforeme [Showing first 8,000 characters — download PDF for full document]