Rarever Financial Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer advertisement cum corrigendum to the Public Announcement and Detailed Public Statement ....

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001, Maharashtra, India. Sub: Offer opening Advertisement to the shareholders of Dolphin Medical Services Limited (‘Target Company’) in terms of regulation 18(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto. Dear Sir /Madam, We, Rarever Financial Advisors Private Limited (hereafter referred to as “Manager to the Offer”), are hereby submitting Offer Opening Advertisement made by us on behalf of Mr. Amarandhar Reddy Kotha (acquirer 1) and Mr. Mallour Rajesh Kumar (Acquirer 2), (Collectively Referred to as the “Acquirers”) to acquire 39,25,988 Equity Shares of Target Company, pursuant to and in compliance with, among others, Regulation 4 read with Regulation 18(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto. The Offer opening advertisement is published today i.e. July 30, 2026 in the following newspapers, which have been submitted herewith for your record. Newspaper & Language Editions Financial Express (English) All Editions Jansatta (Hindi) All Editions Mumbai Lakshadeep Marathi Daily Mana Telangana Hyderabad Daily Request you to kindly take the same on your record. Yours Faithfully, For, Rarever Financial Advisors Private Limited Prasann Bhatt Assistant Vice President SEBI Reg. No: INM000013217 Place: Ahmedabad Date: July 30, 2026 Encl: Pre – Offer Opening Advertisement DOLPHIN MEDICAL SERVICES LIMITED Corporate Identification Number: L24239TG1992PLC014775; Registered Office: Level 3, Plot No 13, Green Lands Colony, Gachibowli, Seri Lingampally, K.V.Rangareddy, Hyderabad, Telangana, 500032; Contact Number: 040-65889357 / 23738877; Email Address: dolphincomplianceofficer@gmail.com; Website: www.dolphinmedicalservices.com PRE-OFFER ADVERTISEMENT CUM CORRIGENDUM TO THE PUBLIC ANNOUNCEMENT AND DETAILED PUBLIC STATEMENT UNDER REGULATION 18(7) IN TERMS OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 This Pre-Offer Advertisement and Corrigendum to the Public Announcement and Detailed 10.5 The Directors details of the Target Company have been updated at clause Public Statement is being issued by Rarever Financial Advisors Private Limited (‘Manager 6.13 on page 18 to the Offer’), on behalf of Mr. Amarandhar Reddy Kotha (Acquirer 1) and Sr. Name Designation DIN/PAN Date of Mr. Mallour Rajesh Kumar (Acquirer 2) (hereinafter collectively referred to as No. Appointment ‘Acquirers’) pursuant to regulation 18(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended [‘SEBI 1. Venkata Mohan Prasad CEO and 01236113 11.09.2003 (SAST) Regulations’], in respect of the Open Offer to acquire 39,25,988 Equity Shares Gude Managing Director (‘Offer Shares’) of face value of `10/- each at a price of `4.80/- each payable in cash, 2. Lakshmi Sudha Madala Whole-Time director 01235522 24.02.1994 representing 26.00% of the fully paid up equity share capital and voting capital of the 3. Bhamidipati Suryaprakash Additional Director 03030632 12.02.2026 Dolphin Medical Services Limited (“Target Company”) in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 4. Rajesh Kumar Mallour Additional Director 08125774 12.02.2026 2011, as amended (“SEBI (SAST) Regulations”) (“Open Offer” / “Offer”) from the public 5. Vaishnavi Sharma CFO and *****1762H 12.02.2026 shareholders of the Target Company. The Detailed Public Statement (‘DPS’) with respect to Company Secretary the aforementioned Open Offer was made on May 22, 2026 in Financial Express (English 6. Srujana Siddhani Additional Director 10221292 22.04.2026 daily) (All Editions), Jansatta (Hindi daily) (All Editions), Mumbai Lakshadeep (Marathi Daily) (Mumbai Edition) and Mana Telangana (Hyderabad Daily). 7. Kolachalama Saikumar Additional Director 11660879 22.04.2026 Shareholders of the Target Company are requested to kindly note the following: 10.6 The shareholding pattern on Page 20-22 has been updated as of the date of the Letter of Offer. 1. Offer Price: The Offer is being made at a Price of `4.80/- per Equity Share, payable in cash and there has been no revision in the Offer Price. 10.7 Following para has been modified at clause 7.2.2 on page 24 For further details relating to the Offer Price, please refer to paragraph 7 (Justification In accordance with Regulation 17 of the SEBI (SAST) Regulations, Acquirers have of Offer Price) beginning on page no. 22 point no 7.1 of the LOF. opened an Escrow Account under the name and style of ‘Mallour Rajesh Kumar 2. Recommendations of the Committee of Independent Directors: A Committee Dolphin Open Offer Escrow Account’ with Axis Bank Limited and have deposited of Independent Directors of the TC (“IDC”) published its recommendation on the offer `47,20,000.00/- i.e., more than 25 % of the total consideration payable in the Offer, on July 29, 2026, in Financial Express (English daily) (All Editions), Jansatta (Hindi assuming full acceptance. daily) (All Editions), Mumbai Lakshadeep (Marathi Daily) (Mumbai Edition) and Mana Further, the Acquirers additionally deposited an amount of `1,43,00,000.00/- in the Telangana (Hyderabad Daily). The IDC is of the opinion that the Offer Price to the Escrow Account. As of this date, `1,90,20,000.00/- have been deposited in the Escrow Public Shareholders of the Target Company is fair and reasonable and is in line with Account, being more than 100% of the total consideration payable in the Offer, SEBI (SAST) Regulations, 2011. Public Shareholders may, therefore, independently assuming full acceptance. evaluate the offer and take an informed decision. 10.8 Following clause has been re-drafted on page 53: 3. This Offer is not a competing offer in terms of Regulation 20 of the SEBI Takeover The following documents are regarded as material documents and are available for Regulations. inspection from 10.30 A.M. to 6.00 P.M. on any Working Day, except Saturdays, 4. The Letter of Offer (‘LoF’) was mailed on July 22, 2026, to all the Public Shareholders Sundays and Holidays until the closure of the Offer at the office of the Manager to the of the Target Company, who’s E-Mails IDs are registered and physical copies were Offer – Rarever Financial Advisors Private Limited, 807, Iconic Shyamal, Shyamal dispatched on July 24, 2026 to all the Public Shareholders of the Target Company who Cross Road, 132 Ring Road, Satellite, Manekbag, Ahmedabad, Gujarat – 380015 are holding Physical Equity Shares and non-email registered shareholders as appeared during the Tendering Period commencing from Friday, July 31, 2026 to Thursday, in its Register of Members on July 17, 2026. (‘Identified Date’). August 13, 2026. Further, in light of SEBI Circular SEBI/HO/CFD/DCR2/CIR/P/2020/ 5. Please note that a copy of the LOF (which includes the Form of Acceptance) is also 139 dated July 27, 2020, read with SEBI Circular SEBI/CIR/CFD/DCR1/CIR/P/2020/ available on the websites of SEBI (www.sebi.gov.in), the Target Company 83 dated May 14, 2020, copies of the following documents will be available for (www.dolphinmedicalservices.com), the Registrar to the Offer inspection to the Public Shareholders electronically during the Tendering Period. The (www.integratedregistry.in), the Manager to the Offer (www.rarever.in) and BSE Public Shareholders interested to inspect any of the following documents can send (www.bseindia.com), from which the Public Shareholders can download/print the same. an email from their registered email addresses (including shareholding details and 6. There has been no merger/ de-merger or spin-off in the Target Company during the past authority letter in the event the Public Shareholder is a corporate body) with a subject three years. line [“Documents for I [Showing first 8,000 characters — download PDF for full document]