Disclosure under SEBI Takeover Regulations

MERU MINERALS PRIVATE LIMITEI) Apil8,2026 Scrip Code - 533520 IBULLSLTD BSE Limited National Stock Exchange of India Linited Phiroze Jeej eebhoy Towers, 'Exchange Plaza', Dalal Street, Bandra-Kurla Complex, Bandra (East) MUMBAI _ 4OO OOl MUMBAI-4OO O5I fu!: Declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the Financial Year 2025-26. Dear Sirs, Pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("the Regulations"), it is hereby declared and confirmed that we, along with Persons Acting in Concert (PAC), have not made any encumbrance on shares held in Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) ["the Target Company"], directly or indirectly, during the financial yeeu. 2025-26. It may be noted that, as on March 31,2026, aggregate holding of 76,43,94,150 fully paid-up equity shares (representing 32.88%o of the total paid-up and voting share capital) by the Promoter Group in the Target Company, was free of any encumbrance. This declaration is also simultaneously being made to the Audit Committee of the Board of the Target Company as prescribed under Regulation 3l(5)(b) of the Regulations. This is for your information and record. Thanking you Yours truly, For Meru Min\e rals Private Limited --.L/.1 Ravinder Authorised Silnatory u Copy to: The Audit Committee Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) 5th Floor, Plot No. 108, IT Park, Udyog Vihar Phase l, Gurugram-122016, Haryana MERU MINERALS PRIVATE LIMITED (CIN : U14107HR2003PTC078006 ) Registered Office: 2nd Floor, 591, Udyog Vihar, Phase-Y Gurugram - 122016' Haryana Email Id: secretarialgurgaon@yahoo.in ; Contact no. 0124-2970591