BELDING INDIA LIMITED — M&A Activity 2025

Dec 24, 2025

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December 24, 2025

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400 001 Scrip Code: 513307

Sub.: Update on acquisition of DC&T Global Private Limited.

Dear Sir/Ma’am,

Further to our intimations dated November 7, 2025, and pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of Synthiko Foils Limited (“the Company”), has considered and approved the allotment of 1,36,08,849 equity shares on a preferential basis to the shareholders of DC&T Global Private Limited (“DC&T”) for consideration other than cash, pursuant to the acquisition of 100% stake in DC&T through a share swap. Consequent to the said acquisition, DC&T has become a Wholly Owned Subsidiary of the Company.

The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure–1.

Kindly take the same on records.

Thanking you, For Synthiko Foils Limited

Muskan Digitally signed by Muskan Gurumukhdas Gurumukh Pinjani Date: 2025.12.24 16:43:38 +05'30' das Pinjani

Muskan Gurumukhdas Pinjani Company Secretary and Compliance Officer

SYNTHIKO FOILS LIMITED

Regd. Office: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L27200PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: foilslimited@rediffmail.com I Website: www.synthikofoilsltd.com

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Annexure-1

Sr. No.	Particulars	Details
1	Name of the target entity, details in brief such as size, turnover etc.;	Name: DC&T Global Private Limited (“DC&T”) About DC&T: The Company is engaged in providing end-to-end Engineering, Procurement and Construction (EPC) solutions for various industries, including data centers and such other technology infrastructure development. The Company’ offerings include design, development, operation, and maintenance of secure, scalable, and energy-efficient data center facilities with advanced cooling, power backup, cybersecurity, disaster recovery, and managed services support. It is also in process of setting up manufacturing / assembling plant for developing Modular / EDGE (Containerized) Datacentre Solutions. Further, the Company is also in process of designing, assembling, manufacturing and marketing technology infrastructure / hardware products, including but not limited to Storage Racks, Storage Devices, Power Distribution Units, AI enabled Products, etc. supported by ongoing research and innovation to meet diverse industrial and commercial applications. Net worth: Rs. 439 Crores
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”;	The acquisition fall under related party transaction. Since, DC&T is a Related Party within the meaning of Section 2(76) of the Companies Act, 2013 and Mr. Umesh Kumar Sahay, Mr. Abhishek Narbaria and Sixth Venture Advisors LLP which belongs to Promoter / Promoter Group of the Company are Directors/Shareholders of the target entity. The transaction is executed at “arm’s length” as per the price arrived based on the Valuation report received from the Registered Valuer.

SYNTHIKO FOILS LIMITED

Regd. Office: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L27200PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: foilslimited@rediffmail.com I Website: www.synthikofoilsltd.com

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3	Industry to which the entity being acquired belongs;	Engineering, Procurement and Construction (EPC), Data Centre Infrastructure Development, Technology Products / Hardware Assembling & Marketing and Other Infrastructure and Technology solutions
4	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	The acquisition enables the acquirer with a strong strategic advantage by entring into the high-growth EPC solutions, specifically for datacentre infrastructure, technology products supported by in-house capabilities for designing, constructing, and operating scalable and secure data centers along with manufacturing key infrastructure components / hardware. Additionally, the acquisition also enables the Company to carry out backward integration whereby manufacturing and assembling various infrastructure / technology products and hardware to be offered as additional solutions in their EPC offerings. Hence, the acquisition have developed in-house capabilities and offer innovation potential and future technology readiness, enabling the acquirer to strengthen vertical integration, improve margins, and unlock new long-term revenue opportunities across digital infrastructure, energy solutions, and advanced hardware technologies.
5	Brief details of any governmental or regulatory approvals required for the acquisition;	The Company has received all requisite approvals for the acquisition including In-principal Approval of BSE Limited for Preferential Issue and approval of the members of the company.
6	Indicative time period for completion of the acquisition;	The acquisition of 100% stake on fully diluted basis of DC&T is completed.
7	Consideration - whether cash consideration or share swap or any other form and details of the same;	Share swap. The Company has issued 1,36,08,849 (One Crore Thirty Six Lakh Eight Thousand Eight Hundred and Forty Nine) Equity Shares under the Share Swap Agreement in consideration for equity shares of DC&T.
8	Cost of acquisition and/or the price at which the shares are acquired	Cost of Acquisition - Rs. 10,46,73,82,296.84 (Rupees One Thousand Forty Six Crore Seventy Three Lakh Eighty Two Thousand Two Hundred NinetySix and EightyFour Paise)for 100% stake

SYNTHIKO FOILS LIMITED

Regd. Office: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L27200PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: foilslimited@rediffmail.com I Website: www.synthikofoilsltd.com

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		of DC&T on fully-diluted basis
9	Percentage of shareholding / control acquired and / or number of shares acquired;	The Company has acquired 2,13,641 equity shares representing 100% of the issued and paid- upcapital of DC&T on fully-diluted basis.
10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Brief Background: Please refer point 1 above. Line of Business: Engineering, Procurement and Construction (EPC), Data Centre Infrastructure Development, Technology Products / Hardware Assembling & Marketing and Other Infrastructure and Technology solutions Date of Incorporation: 08/05/2018 Net worth: Rs. 439 Crores Presence and Incorporation: India

SYNTHIKO FOILS LIMITED

Regd. Office: 9th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra, India I CIN: L27200PN1984PLC248366 Contact No.: +91 9156426003 I Email Id: foilslimited@rediffmail.com I Website: www.synthikofoilsltd.com