Update on the allotment of Compulsorily convertible Preference Shares by a subsidiary company

Aster DM Healthcare Ltd's subsidiary, Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, has allotted 12 lakh fully paid-up Series A Compulsorily Convertible Preference Shares (CCPS) and 34.30 lakh partly paid-up Series B CCPS to identified investors on a preferential basis. Each CCPS is convertible into up to 5 equity shares. The Sarjapur entity plans to raise further capital, and Aster DM Healthcare's shareholding will remain above 75% on an as-if converted basis, even after additional investments.