MosChip Technologies Issues Corrigendum to EGM Notice Scheduled on May 12, 2026

MosChip Technologies Limited has issued a corrigendum dated May 07, 2026, to the notice of its 1st Extraordinary General Meeting (EGM) for FY 2026-27. The EGM is scheduled to be held on Tuesday, May 12, 2026, at 05:00 P.M. (IST) via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The corrigendum was necessitated by suggestions and comments received from the stock exchanges pertaining to certain points in the Explanatory Statement annexed to the original EGM Notice dated April 16, 2026, which was circulated to shareholders on April 20, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company published newspaper advertisements on May 08, 2026, in Financial Express (English) and Nava Telangana (Telugu), informing stakeholders of the corrigendum. All other contents of the original EGM Notice remain unchanged.

Key Agenda: Preferential Allotment of Equity Shares

The primary business before shareholders at the EGM is the approval for issuance of 50,50,686 equity shares of the Company on a preferential basis for consideration other than cash to the shareholders of Vayavya Labs Private Limited. The corrigendum addresses three specific areas of the EGM Notice: Point J (page 20), Point N (pages 21 & 22), and Annexure A (pages 26 & 27).

Amendments Made in the Corrigendum

Amendment 1: Point J — Subscription Intention by Key Personnel

The scope of Point J has been expanded to include Senior Management Personnel alongside Promoters, Directors, and Key Managerial Personnel. The revised text clarifies that none of the Promoters, Directors, Key Managerial Personnel, or Senior Management Personnel of the Company intends to subscribe to any of the equity shares proposed to be issued under the Preferential Issue.

Parameter: Details Original Heading: Proposal/Intention of Promoters, Directors or Key Managerial Personnel to subscribe the offer Revised Heading: Proposal/Intention of Promoters, Directors, Key Managerial Personnel or Senior Management Personnel to subscribe the offer

Amendment 2: Point N — Updated List of Proposed Allottees

The list of proposed allottees has been revised to include the pre-preferential shareholding of Mr. Shivayogi M. Turmari. The updated allottee table, covering 67 proposed allottees, reflects a total post-preferential allotment of 50,50,686 shares representing 2.54% of post-issue capital. The following table presents the complete updated list of proposed allottees:

S. No Name of Proposed Allottee Pre-Preferential Shares Pre-Preferential % Post-Preferential Shares Post-Preferential % 1 Venkanagouda K Patil - - 2,72,612 0.14 2 Indication Instruments Limited - - 4,42,428 0.22 3 Pradip Kumar Dutta - - 56,996 0.03 4 Vikas Kuthiala - - 24,172 0.01 5 Sunil K Goyal - - 24,172 0.01 6 Shivayogi M Turmari 500 0.00 10,178 0.01 7 Fresco International Limited - - 14,351 0.01 8 Anandkumar Radhakrishna Ladsariya - - 24,172 0.01 9 Deep Kalra - - 24,172 0.01 10 Raman Roy - - 24,172 0.01 11 Jigar Harish Mehta - - 8,061 0.00 12 Heral Harish Mehta - - 8,061 0.00 13 Rahul Basu - - 24,172 0.01 14 Karthick Gururaj - - 1,14,500 0.06 15 Arun Kurthkoti Shamarao - - 15,267 0.01 16 Sunil H R - - 79,753 0.04 17 Ravindragouda K Patil - - 4,37,614 0.22 18 Priyank Shanker Garg - - 24,172 0.01 19 Hemant Mallapur - - 1,26,418 0.06 20 Mahantesh Kashinath Pattanshetti - - 1,44,494 0.07 21 Chinnasamy Muthukrishnan - - 3,57,667 0.18 22 Varun V Patil - - 2,565 0.00 23 Amal Pramanik - - 14,483 0.01 24 Pundalik Dundappa Satyanaik - - 48,456 0.02 25 Vinay Sadanand Gaonkar - - 73,901 0.04 26 Parag Balwant Naik - - 2,30,811 0.12 27 Kayargadde Vishwakumara - - 2,67,166 0.13 28 Abdul Aziz - - 62,807 0.03 29 Praveen Basavaraj Totagi - - 12,722 0.01 30 Shrinivas Ekbote - - 2,036 0.00 31 Sandeep Suresh Pendharkar - - 1,45,542 0.07 32 Deepak Balakrishna Samaga - - 22,900 0.01 33 Praveen Ishwar Bajantri - - 763 0.00 34 Vivek Raghavan - - 1,77,521 0.09 35 Rajendra Satyakam Galagali - - 2,80,703 0.14 36 Ragesh Ramachandran Thottathil - - 27,480 0.01 37 Sangamesh Omkar Shetty - - 10,178 0.01 38 Venugopal Kolathur - - 3,48,029 0.17 39 Uma Bondada - - 3,18,992 0.16 40 Abhijit K Naiik - - 8,142 0.00 41 Rajendra Pandhare - - 24,152 0.01 42 Nitin Agarwal HUF - - 24,172 0.01 43 Vishal Lalani - - 15,592 0.01 44 Quibus Resources India Pvt Ltd - - 24,172 0.01 45 Prachi Mehta - - 8,061 0.00 46 Yogesh Bansal - - 15,592 0.01 47 Pooja Kumar - - 15,592 0.01 48 Naga Kishore Reddy Tarimala - - 1,81,979 0.09 49 Hari Balasubramanian - - 24,172 0.01 50 Eshwar Kedari - - 24,223 0.01 51 Rajesh Pednekar - - 49,281 0.02 52 Hemant Kanakia - - 14,493 0.01 53 Haystack Investment Ltd - - 14,483 0.01 54 Jayant Chorpadé - - 9,252 0.00 55 Manjunath Hadli - - 22,900 0.01 56 Madhura Kolkur - - 12,213 0.01 57 Tushar Sakhdeo - - 8,142 0.00 58 Uma Bali - - 2,544 0.00 59 Shetal Tigadoli - - 254 0.00 60 Sharad Sharma - - 98,460 0.05 61 Sanjay Bansal - - 7,928 0.00 62 Satya Narayan Bansal - - 24,172 0.01 63 Revathy Ashok - - 24,172 0.01 64 Naveen Gupta - - 24,172 0.01 65 Lex & Legal Services LLP - - 24,172 0.01 66 Telnet Ventures LLP - - 24,172 0.01 67 Nupur Gupta - - 19,368 0.01 Total 500 0.00 50,50,686 2.54

Amendment 3: Annexure A — Revised Pre & Post Shareholding Pattern

The pre and post shareholding pattern has been revised on a diluted basis to include 2,66,939 equity shares allotted to employees as on April 13, 2026, pursuant to the exercise of ESOP. The revised Annexure A is presented below:

Particulars: Pre-Issue Shares Pre-Issue % Post-Issue Shares Post-Issue % Promoter & Promoter Group (Indian) Individuals/HUF (incl. PAC) 20,600 0.01 20,600 0.00 Body Corporate 77,204,328 39.77 77,204,328 38.76 Sub-Total (A)(1) 77,224,928 39.78 77,224,928 38.77 Promoter & Promoter Group (Foreign) - - - - Sub-Total (A)(2) - - - - Total Promoter & Promoter Group (A) 77,224,928 39.78 77,224,928 38.77 Sub-Total (B)(1) — Domestic Institutions 1,000 0.00 1,000 0.00 Sub-Total (B)(2) — Foreign Institutions 769,604 0.40 769,604 0.39 Sub-Total (B)(3) — Govt. - - - 0.00 Sub-Total (B)(4) — Non-Institutions 115,940,474 59.72 120,991,160 60.74 Total Public Shareholding (B) 116,711,078 60.12 121,761,764 61.13 Employee Benefit Trust 197,470 0.10 197,470 0.10 Grand Total (A+B+C) 194,133,476 100.00 199,184,162 100.00

Dispatch, Publication, and Availability

The corrigendum was sent electronically on May 07, 2026, to all members whose email IDs are registered with Kfin Technologies Limited, the Registrar and Transfer Agents of the Company, or with the Depositories. Newspaper advertisements were subsequently published on May 08, 2026, in Financial Express (English) and Nava Telangana (Telugu), in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The corrigendum is available on the Company's website at www.moschip.com , on the stock exchange websites at www.bseindia.com and www.nseindia.com , and on the Registrar and Share Transfer Agent's website at https://www.kfintech.com . The corrigendum was signed by CS Suresh Bachalakura, Company Secretary of MosChip Technologies Limited.

MosChip Technologies Limited has announced a significant strategic acquisition, with its board of directors approving the purchase of a 73% stake in Vayavya Labs Private Limited for ₹245.49 crores. The transaction, approved during a board meeting held on April 16, 2026, represents a major step in strengthening the company's software engineering capabilities and expanding its global footprint.

Board Meeting Outcome and Regulatory Compliance

The board meeting, which commenced at 8:00 a.m. and concluded at 11:55 a.m. on April 16, 2026, approved the comprehensive acquisition structure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE (Scrip code: 532407) and NSE (Scrip Symbol: MOSCHIP) about the transaction outcome.

Acquisition Structure and Financial Details

The acquisition follows a hybrid payment structure combining cash and equity components:

Payment Component: Amount (₹ crores) Percentage Cash Payment: 148.52 60.50% Share Swap: 96.97 39.50% Total Consideration: 245.49 100%

As part of the share swap arrangement, MosChip will issue 50,50,686 equity shares of face value ₹2 each at ₹192 per share to 67 selling shareholders of Vayavya Labs. The issue price has been determined in accordance with SEBI ICDR Regulations 2018.

Target Company Profile and Performance

Vayavya Labs Private Limited, incorporated on July 28, 2006 in Belagavi, Karnataka, operates in the semiconductors, consumer electronics, and automotive communication sectors. The company has demonstrated strong financial performance with consistent revenue growth:

Financial Year: Turnover (₹ crores) FY 2025-26 (Provisional): 83.0 FY 2024-25: 64.4 FY 2023-24: 55.5 FY 2022-23: 38.1

Vayavya Labs specializes in embedded systems, virtualization, and verification technologies, with particular expertise in Hardware-Software Interface methodologies. The company serves global clients through development centers in Bengaluru and Belagavi, India, with presence in the United States, Europe, Israel, and Japan. It also operates a wholly-owned subsidiary, Vayavya Labs Inc, in California, USA.

Strategic Benefits and Business Impact

The acquisition is expected to deliver multiple strategic advantages for MosChip Technologies:

Significantly strengthens software-led engineering capabilities

Enhances top-line growth and EBITDA performance

Enables progression up the value chain in Product Engineering Solutions

Provides geographical expansion and business diversification opportunities

Vayavya Labs operates with a delivery model characterized by a significant share of turnkey and fixed-price contracts, particularly in complex and long-duration engineering programs. This approach strengthens customer retention, recurring revenue streams, and sustainable operating margins.

Regulatory Approvals and Timeline

The transaction requires several regulatory approvals including in-principle approval from stock exchanges, Reserve Bank of India approval, and other requisite regulatory clearances. The acquisition is expected to be completed within 15 days from receipt of all required approvals or shareholder approval for the preferential share issue, whichever is later.

Future Acquisition Plans

MosChip has also entered into a Shareholders' Agreement for acquiring the remaining 27% shareholding in Vayavya Labs after March 31, 2028. The valuation for this future acquisition will be linked to Vayavya Labs' business performance.

The company has scheduled an Extraordinary General Meeting on May 12, 2026, to seek shareholders' approval for the preferential issue of equity shares as part of the swap arrangement. This acquisition positions MosChip Technologies to leverage Vayavya Labs' proven track record and global presence to accelerate growth in the rapidly expanding semiconductor and automotive technology sectors.

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