The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

BSE Limited P.J. Towers, Dalal Street Mumbai-400001 BSE Scrip Code: 539894 (MADHAV INFRA PROJECTS LIMITED) Sub: Intimation under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“The SEBI SAST Regulations”) Dear Sir/Ma’am, As due compliance of Regulation 10(5) of the SEBI SAST Regulations, the undersigned being the part of the Promoter Group of the Company hereby furnish the Intimation in the specified format under Regulation 10(5) in respect of the proposed acquisition via execution of Gift Deed and inter-se transfer of 54,34,764 (Fifty-Four Lakhs Thirty-Four Thousand Seven Hundred and Sixty-Four) Equity Shares of Madhav Infra Projects Limited, being the Target Company (“TC”). The shares are Proposed to be acquired by way of “inter-se transfer” amongst the Promoters pursuant to exemption provided in Regulation 10(1)(a)(ii) (qualifying person being persons named as Promoters in the Shareholding Pattern filed by the Target Company for not less than three years prior to Proposed acquisition) and there will be no change in the total shareholding of the Promoters after such inter-se transfer of the shares of Target Company. Kindly take the same on record. Yours Faithfully, Mrs. Neelakshi Amit Khurana (Promoter of Madhav Infra Projects Limited) Copy to: Company Secretary and Compliance Officer / Board of Directors Madhav Infra Projects Limited Madhav House, Plot No. 04, Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat, India, 390023 Date: 05/08/2026 Place: Vadodara Annexure Format for Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 1. Name of the Target Company (TC) Madhav Infra Projects Limited 2. Name of the acquirer(s) Mrs. Neelakshi Amit Khurana 3. Whether the acquirer(s) is/ are promoters of the TC Yes prior to the transaction. If not, nature of relationship or association with the TC or its promoters 4. Details of the proposed acquisition a. Name of the person(s) from whom shares are to be Mr. Ashok Madhavdas Khurana acquired b. Proposed date of acquisition On or After 12th August, 2026 c. Number of shares to be acquired from each 54,34,764 person mentioned in 4(a) above d. Total shares to be acquired as % of share capital of 2.016% e. Price at which shares are proposed to be By way of Gift acquired f. Rationale, if any, for the proposed transfer NA 5. Relevant sub-clause of regulation 10(1)(a) under Regulation 10(1)(a)(ii) of the SEBI which the acquirer is exempted from making open (SAST) Regulations, 2011 offer 6. If, frequently traded, volume weighted average market Not Applicable as inter-se transfer is via price for a period of 60 trading days preceding the date Gift Deed of issuance of this notice as traded on the stock exchange where the maximum volume of trading in the shares of the TC are recorded during such period. 7. If in-frequently traded, the price as determined in Not Applicable as inter-se transfer is via terms of clause (e) of sub-regulation (2) of regulation Gift Deed 8. Declaration by the acquirer, that the acquisition price Not Applicable as inter-se transfer is via would not be higher by more than 25% of the price Gift Deed computed in point 6 or point 7 as applicable. 9. i. Declaration by the acquirer, that the transferor and Yes, I hereby declare that transferor and the transferee have complied (during 3 years prior to the transferee will comply with the applicable date of proposed acquisition) / will comply with disclosure requirements as in chapter V of applicable disclosure requirements in Chapter V of the takeover regulations, 2011. the Takeover Regulations, 2011 (Corresponding provisions of the repealed Takeover Regulations, 1997) ii. The aforesaid disclosures made during previous 3 years prior to the date of proposed acquisition to be furnished. 10. Declaration by the acquirer that all the conditions Yes, I hereby declare that all conditions specified under regulation 10(1)(a) with respect to specified under regulation 10(1)(a) with exemptions has been duly complied with. respect to exemption has been duly complied with. 11. Shareholding details Before the proposed After the proposed transaction transaction No. of % No. of % w.r.t shares w.r.t shares total /voting total /voting share rights share rights capital capital of TC of TC a Acquirer(s) and PACs (other than sellers) (*) 80,43,120. 2.984% 1,34,77,884 5.00% b Seller (s) 7,57,16,940 28.087% 00 00% Note:  (*) Shareholding of each entity may be shown separately and then collectively in a group.  The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers. Yours Faithfully, Mrs. Neelakshi Amit Khurana (Promoter of Madhav Infra Projects Limited) Date: 05/08/2026 Place: Vadodara