Intimation regarding exercise of conversion option for unlisted, unsecured Optionally Fully Convertible Debentures issued by PI Health Sciences Limited, wholly owned subsidiary, into Equity Shares

Pl IL :SEC: NSE/BSE :22:2026-27 June 23, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, Plot No. C/7, G-Block Bandra PJ Towers, 25th Floor, Dalal Street, Kurla Complex, Bandra (East), Mumbai –400 007 Mumbai –400 057 Code No. 523642 Code No. PIIND Dear Sir/Madam, Sub.: Intimation regarding exercise of conversion option for unlisted, unsecured Optionally Fully Convertible Debentures issued by Pl Health Sciences Limited, wholly owned subsidiary, into Equity Shares Pursuant to the Regulation 30 read with Schedule Ill Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2075 (‘ SEBI Listing Regulations ’), it is hereby informed that the Board of Directors of Pl Industries Limited (‘ Pl Industries or the Company’ )at its meeting held today i.e. June 23, 2026, has approved the exercise of the Company’ s contractual right to convert Unlisted, Unsecured Optionally Fully Convertible Debentures (“ OFCDs ”) of face value Rs. 70/- each, aggregating to Rs. 70,000,000,000/-(Rupees Ten Thousand Million Only) held by it in Pl Health Sciences Limited (“ PIHS ”), a wholly owned subsidiary of the Company, into 72,46,37,687 fully paid-up equity shares of face value of Rs. 70.00/- each at a fair value of Rs. 73.80/- per share, on the basis of the valuation report obtained from an independent registered valuer, to be allotted by PIHS. The transaction does not involve cash consideration/share swap by Pl Industries and does not result in any change in its ownership or control of PIHS. Information as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/l4/l4(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 (‘ SEBI Circular’ ) is enclosed as Annexure A below. This is for your information and record. Thanking you, Yours faithfully, For Pl Industries Limited Shruti Joshi Company Secretary and Compliance Officer Encl.: As above Registered Office: Pl Industries Limited Udoisogor Rood, Udoipur -373007, Rojosthon, Indio. Tel.: 0294 6651100, 2492451 –55 I CIN: L242llRJl946PLC000469 ~ info@piind.com E@ www.piindustries.com AnnexureA S. Particulars Details l. Name of the entity, details in brief such as size, Pl Health Sciences Limited (‘ PIHS), a wholly owned turnover etc. subsidiary of the Company. Paid-Up Share Capital: Rs. 4,40,99,99,460/ comprised of 4,40,99,99,46 equity shares of Rs.10/ each Turnover (standalone): As on March 31, 2026: Rs. 580.49 million 2. Whether the transaction would fall within PIHS is related party of the Company being wholly related party transaction(s) and whether the owned subsidiary of the Company. promoter/ promoter group/ group companies have any interest in the entity being acquired? The interest of the promoter/promoter group/group If yes, nature of interest and details thereof companies of the Company is only to the extent of and whether the same is done at “arm ’s PIHS being wholly owned subsidiary of the Company length” and directorship, if any, held in PIHS. The Transaction is a related party transaction undertaken in the ordinary course of business and at arms-length basis based on the valuation report obtained from an independent registered valuer. 3. Industry to which the entity belongs Pharma - Contract Research Development and Manufacturing Organisation (CRDMO) 4. Objects and impact of transaction (including The conversion of Optionally Fully Convertible but not limited to, disclosure of reasons, if its Debentures (OFCDs) into equity shares is being business is outside the main line of business of undertaken in accordance with the terms of the listed entity) issuance. The conversion shall strengthen the consolidated balance sheet of the Company and its subsidiaries. 5. Brief details of any governmental or regulatory Not applicable approvals required for the transaction 6. Indicative time period for completion of the At the time of conversion of OFCDs into equity shares transaction Registered Office: Pl Industries Limited Udoisogor Rood, Udoipur -373007, Rojosthon, Indio. Tel.: 0294 6651100, 2492451 –55 I CIN: L242llRJl946PLC000469 ~ info@piind.com E@ www.piindustries.com 7. Consideration - whether cash consideration The transaction does not involve cash or share swap or any other form and details of consideration/share swap by Pl Industries and does the same not result in any change in its ownership or control of PIHS. 8. Details of conversion Conversion of 7000 million OFCDs of face value Rs. 70/-each, aggregating to Rs. 70,000,000,000/- (Rupees Ten Thousand Million Only) held by the Company into 72,46,37,687 fully paid-up equity shares of face value of Rs. 70.00/-each at a fair value of Rs. 73.80/-per share, to be allotted by PIHS. The said equity shares shall rank pari passu with the existing equity shares of PIHS in all respects. 9. Percentage of shareholding No change in percentage of holding. PIHS continues to be a wholly owned subsidiary of the Company 70. Brief background about the entity in terms of PIHS is a wholly owned subsidiary of the Company, products/line of business, date of engaged in CRDMO business. incorporation, history of last 3 years turnover, country in which the entity has presence and any other significant information (in brief) Registered Office: Pl Industries Limited Udoisogor Rood, Udoipur -373007, Rojosthon, Indio. Tel.: 0294 6651100, 2492451 –55 I CIN: L242llRJl946PLC000469 ~ info@piind.com E@ www.piindustries.com