Available Finance Limited Changes Status from Subsidiary to Associate of Archana Coal Private Limited

Available Finance Limited has announced a significant change in its corporate structure following the disposal of equity stake by Archana Coal Private Limited. The company has informed BSE about this development through a regulatory filing under SEBI disclosure requirements.

Corporate Structure Change Details

The transformation in corporate status occurred after Archana Coal Private Limited sold its equity shareholding in Available Finance Limited. The key details of this transaction are presented below:

Parameter: Details Stake Sold: 8.00% equity shareholding Selling Entity: Archana Coal Private Limited (ACPL) Impact: Change from Subsidiary to Associate status Legal Provision: Section 2(6) of Companies Act, 2013

Regulatory Compliance and Disclosure

Available Finance Limited has fulfilled its regulatory obligations by filing the necessary intimation with BSE. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Company Secretary Suyash Choudhary signed the official communication on March 25th, 2026.

Implications of Status Change

The disposal of 8.00% equity shareholding by ACPL has resulted in a reduction of its overall shareholding in Available Finance Limited. Consequently, the company has ceased to be a subsidiary of Archana Coal Private Limited and has transitioned to associate status in accordance with the provisions of Section 2(6) of the Companies Act, 2013. This change reflects the evolving corporate relationship between the two entities following the equity transaction.

Available Finance has received formal intimation from promoter group member Tapan Agarwal regarding a proposed acquisition of equity shares under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The transaction involves the purchase of 8,16,296 equity shares representing 8.00% of the company's total equity share capital.

Formal Regulatory Filing

The company has forwarded the intimation received under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011 to BSE Limited through its Company Secretary Suyash Choudhary. The formal communication was submitted on March 17, 2026, with reference number AFL/BSE/2025-26.

Filing Details: Information Reference Number: AFL/BSE/2025-26 Filing Date: March 17, 2026 Company Secretary: Suyash Choudhary (Mem No.: A57731) BSE Security Code: 531310

Transaction Structure

The proposed acquisition involves a transfer of shares between entities within the promoter group structure. Key parameters of the transaction are outlined below:

Parameter: Details Acquirer: Tapan Agarwal (Promoter Group Member) Seller: Archana Coal Private Limited (Promoter) Number of Shares: 8,16,296 equity shares Percentage of Capital: 8.00% Proposed Date: March 24, 2026 Transaction Type: Inter-se Promoter Group Arrangement

Regulatory Compliance and Exemptions

The transaction qualifies for exemption from open offer requirements under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011. This exemption applies specifically to inter-se transfers between promoters and promoter group members, eliminating the need for a mandatory open offer to minority shareholders.

Tapan Agarwal has declared compliance with all conditions specified under the relevant SEBI regulations and confirmed that both transferor and transferee have adhered to applicable disclosure requirements under Chapter V of the Takeover Regulations.

Pricing Framework

The acquisition price structure follows SEBI's prescribed methodology for frequently traded shares:

Pricing Component: Value (Rs.) 60-day VWAP: 146.564 per share Maximum Permissible Price: 183.204 per share Price Ceiling: 25% above VWAP

The acquirer has committed that the acquisition price will not exceed 25% above the volume weighted average market price of Rs. 146.564 per share, calculated over 60 trading days preceding the notice date.

Shareholding Pattern Changes

The transaction will result in significant changes to the shareholding pattern within the promoter group:

Entity: Before Transaction After Transaction Shares Percentage Percentage Acquirer & PACs: 7,76,647 (7.611%) 15,92,943 (15.611%) Seller: 58,38,945 (57.224%) 50,22,649 (49.224%)

Post-transaction, Tapan Agarwal's combined holding with persons acting in concert will increase from 7.611% to 15.611%, while Archana Coal Private Limited's stake will decrease from 57.224% to 49.224%.

Corporate Background

Tapan Agarwal serves as President Corporate and COO of S.A & Iron Ore Division at Agarwal Coal Corporation Private Limited, and holds CEO positions at Emerald Developers, Agarwal Real City Private Limited, and Agarwal Real Infra LLP. The acquirer operates from the registered office at Agarwal House, 5 Yeshwant Colony Indore 452003 MP, and has confirmed no prior disclosures under SAST regulations during the previous three years.

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