Pine Labs Limited — Capital/Financing Update 2026

Jan 20, 2026

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Date: January 20, 2026

To,

BSE Limited, National Stock Exchange of India Limited , 20[th] Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400 051 BSE Scrip Code: 544606 NSE Scrip Symbol: PINELABS

Dear Sir/Ma’am,

Subject: Receipt of approval from the Reserve Bank of India (“RBI”) for BrokenTusk Technologies Private Limited (“Setu”, a wholly owned subsidiary of Pine Labs Limited ("Company")) to increase its stake in Agya Technologies Private Limited (“Agya Technologies”, an associate company of Setu) to 100%.

We wish to inform you that the Reserve Bank of India (“ RBI ”) has provided its approval for acquiring a 100% stake in Agya Technologies by Setu. Agya Technologies also holds an authorisation from the RBI to operate as a Non-Banking Financial Company – Account Aggregator (“NBFC-AA”).

Having received the requisite approval from the RBI, Setu intends to complete the acquisition of a 100% stake in Agya Technologies in near future in one or more tranches. A public notice in this regard shall separately be published in a local and national newspaper, as required by Reserve Bank of India (NonBanking Financial Companies – Acquisition of Shareholding or Control) Directions, dated November 28, 2025.

The above information will also be available on the website of the Company at https://www.pinelabs.com/investor-relations.

You are requested to take the same on record.

Thank You.

For Pine Labs Limited

NEERAV Digitally signed by NEERAV MEHTA MEHTA Date: 2026.01.20 13:54:27 +05'30'

Neerav Mehta

Company Secretary and Compliance Officer Membership Number: A20949

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