Swarnsarita Jewels India Limited Open Offer Concludes with Acquisition of 17,05,843 Equity Shares at ₹32.15 Per Share

Swarnsarita Jewels India Limited has completed its open offer under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the Post Offer Advertisement published on May 06, 2026. The offer was made by Mr. Mahendra Madanlal Chordia (Acquirer 1), Mrs. Asha M Chordia (Acquirer 2), and Mr. Sunny Mahendra Chordia (Acquirer 3), along with Swarnsarita Jewellers Private Limited as the Person Acting in Concert (PAC). Mark Corporate Advisors Private Limited acted as the Manager to the Offer, while MUFG Intime India Private Limited served as the Registrar to the Offer.

Open Offer Key Details

The open offer was initiated for the acquisition of up to 47,94,987 fully paid-up equity shares of face value ₹10 each, representing 22.97% of the voting share capital of the Target Company, at a price of ₹32.15 per equity share. The Detailed Public Statement was published on January 28, 2026, and the Letter of Offer was dated March 18, 2026. The following table summarises the key dates and parties involved in the offer:

Parameter: Details Target Company: Swarnsarita Jewels India Limited Acquirer 1: Mr. Mahendra Madanlal Chordia Acquirer 2: Mrs. Asha M Chordia Acquirer 3: Mr. Sunny Mahendra Chordia PAC: Swarnsarita Jewellers Private Limited Manager to the Offer: Mark Corporate Advisors Private Limited Registrar to the Offer: MUFG Intime India Private Limited Offer Opening Date: Monday, April 06, 2026 Offer Closing Date: Monday, April 20, 2026 Payment of Consideration: Wednesday, April 29, 2026 DPS Publication Date: January 28, 2026

Offer Outcome: Proposed vs. Actual

Against the proposed acquisition of up to 47,94,987 equity shares, the actual number of shares tendered and accepted stood at 17,05,843 equity shares. The total consideration paid for the accepted shares amounted to ₹5,48,42,852.45 (excluding brokerage and other charges), compared to the proposed offer size of ₹15,41,58,832.05. The following table presents a detailed comparison of proposed and actual figures:

Particulars: Proposed Actual Offer Price (per equity share): ₹32.15 ₹32.15 Shares Tendered: Up to 47,94,987 17,05,843 Shares Accepted: Up to 47,94,987 17,05,843 Offer Size (₹): ₹15,41,58,832.05 ₹5,48,42,852.45 Shares Acquired via Open Offer: 47,94,987 (22.97%) 17,05,843 (8.17%) Shares Acquired via Share Purchase Agreement: Nil Nil Shares Acquired after DPS: Nil Nil

Shareholding Changes: Pre and Post Offer

The shareholding of the acquirers and the PAC prior to the public announcement stood at 1,08,62,613 equity shares, representing 52.03% of the voting share capital. Following the completion of the open offer, their combined post-offer shareholding stands at 1,25,68,456 equity shares, representing 60.20% of the voting share capital. Correspondingly, the public shareholding has moved from 1,00,14,187 equity shares (47.97%) before the offer to 83,08,344 equity shares (39.80%) after the offer.

Shareholding: Pre-Offer (No. of Shares) Pre-Offer (%) Post-Offer (No. of Shares) Post-Offer (%) Acquirers & PAC: 1,08,62,613 52.03% 1,25,68,456 60.20% Public: 1,00,14,187 47.97% 83,08,344 39.80%

Note: Acquirer and PAC shareholding figures include 50,000 equity shares held in aggregate by other promoters (Mahendra Madanlal Chordia HUF — 30,000 shares and Seema Rajendra Chordia — 20,000 shares) who are not part of this open offer.

Post Offer Advertisement Publication

In compliance with Regulation 18(12) of SEBI (SAST) Regulations, 2011, the Post Offer Advertisement was published in the same newspapers where the Detailed Public Statement had originally appeared:

Business Standard (English) — All Editions

Business Standard (Hindi) — All Editions

Navshakti (Marathi) — Mumbai Edition

The acquirers and the PAC have accepted full responsibility for the information contained in this Post Offer Advertisement and for their obligations under SEBI (SAST) Regulations, 2011. A copy of the advertisement is available on the websites of SEBI and BSE Limited, and has been dispatched to the registered office of the Target Company.

Swarnsarita Jewels India Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI's depositories and participants regulations for the quarter ended March 31, 2026. The submission demonstrates the company's adherence to mandatory compliance protocols governing securities dematerialisation processes.

Regulatory Compliance Submission

The company submitted the compliance certificate on April 15, 2026, addressing the requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was signed by Deepak Suthar, Company Secretary and Compliance Officer, and submitted to the Assistant General Manager, Department of Corporate Services at BSE Limited.

Parameter: Details Filing Date: April 15, 2026 Quarter Ended: March 31, 2026 Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5) BSE Scrip Code: 526365 BSE Scrip ID: SWARNSAR

Share Transfer Agent Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) provided the confirmation certificate as the appointed share transfer agent. The certificate, dated April 3, 2026, and signed by Ashok Shetty, Senior Vice President-Corporate Registry, confirms compliance with dematerialisation procedures during the quarter.

The share transfer agent confirmed that securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed. All securities were confirmed to the depositories within prescribed timelines, and the securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are listed.

Dematerialisation Process Compliance

The confirmation certificate validates that proper procedures were followed for securities dematerialisation during the quarter. Key compliance aspects include:

Securities received for dematerialisation were confirmed or rejected to depositories

Security certificates received were mutilated and cancelled after due verification by depository participants

Names of depositories were substituted in the register of members as registered owners

All processes were completed within prescribed regulatory timelines

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency and proper handling of securities transactions through the depository system. The submission maintains the company's good standing with regulatory requirements governing securities market operations.

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