Lykis Limited — M&A Activity 2026

May 27, 2026

Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part-A- Details of the Acquisition

Name of the Target Company (TC)	Lykis Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	M/s. Parshav Vatika LLP (“Acquirer”) M/s. K8 Products LLP (“PAC 1”) M/s. Tidagela Ventures Private Limited (“PAC 2”)
Whether the acquirer belongs to Promoter/Promoter group	No. Open offer was made by M/s. Parshav Vatika LLP (“Acquirer”) along with M/s. K8 Products LLP (“PAC 1”) and M/s. Tidagela Ventures Private Limited (“PAC 2”) pursuant to Regulation 3(1) and Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Promoter shall relinquish the control and management of the Target Company in favor of the Acquirer & PAC’s and the Acquirer & PAC’s will acquire control over the Target Company and shall become the promoter of the Target Company after completion of the compliances under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 subject to exemptions as provided therein.
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	BSE Limited (BSE)
Details of the acquisition as follows	Number	% w.r.t. total share/voting capital wherever applicable(*)	% w.r.t. total diluted share / voting capital of the TC (**)
Before the acquisition under consideration, holding of acquirer along with PACs of: a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) Total (a + b + c + d)	NA	NA	NA
Details of acquisition a) Shares carrying voting rights acquired b) VRs acquired otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired	1,30,15,167	67.17%	67.17%

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d) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)	1,30,15,167	67.17%	67.17%
Total (a + b + c + d)
After the acquisition, holding of acquirer along with PACs of:
a) Shares carrying voting rights	1,30,15,167	67.17%	67.17%
b) VRs otherwise than by equity shares
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition
d) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)	1,30,15,167	67.17%	67.17%
Total (a + b + c + d)
Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.)	Off market purchase of 1,30,14,966 Equity Shares of face value Rs. 10/- each pursuant to the Share Purchase Agreement dated December 18, 2025.
Acquisition of 201 Equity Shares pursuant to mandatory Open Offer of 26% Equity Shares of Target Company having face value Rs. 10/- each.
Salient features of the securities acquired including time till redemption, ratio at which it can be converted into equity shares, etc.	N.A.
Date of acquisition of/ date of receipt of intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC.	25^{th} May, 2026
Equity share capital / total voting capital of the TC before the said acquisition	₹19,37,51,550/- divided into 1,93,75,155 Equity Shares having face value of ₹10/- each
Equity share capital/ total voting capital of the TC after the said acquisition	₹19,37,51,550/- divided into 1,93,75,155 Equity Shares having face value of ₹10/- each
Total diluted share/voting capital of the TC after the said acquisition	₹19,37,51,550/- divided into 1,93,75,155 Equity Shares having face value of ₹10/- each

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Part-B***

Name of the Target Company: Lykis Limited

Signature of the Acquirer / Authorised Signatory

For Parshav Vatika LLP
JITENDRA
KUMAR
RANKA
Digitally signed by JITENDRA KUMAR RANKA
Date: 2026.05.26 17:54:47 +05'30'
Jitendra Kumar Ranka
Designated Partner
DIN: 01062761
Date: 26th May, 2026
Place: Mumbai

Note:

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.