Skipper Limited — Proxy Solicitation & Information Statement 2026

Jun 4, 2026

SKIPPER Limited

SKPL/SECT/2026-27/35

Date: 4th June, 2026

The Manager
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Plot No. C-1, Block-G
Bandra Kurla Complex, Bandra (E)
Mumbai- 400 051
Symbol- SKIPPER

The Manager
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street
Mumbai- 400 001
Scrip Code- 538562

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Notice of Extra Ordinary General Meeting of the Company

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI Listing Regulations, please take note that an Extra Ordinary General Meeting (“EGM”) of the Members of Skipper Limited is scheduled to be held on Friday, June 26, 2026 at 11:30 a.m. through Video Conferencing/Other Audio-Visual Means (“VC/OAVM”).

Please find enclosed Notice of the EGM, being sent to the Members of the Company today i.e. June 04, 2026.

The above information is also available on the website of the Company i.e. www.skipperlimited.com

Kindly take the same on records.

Thanking You,

Yours faithfully,

For Skipper Limited

ANU
SINGH
Digitally signed
by ANU SINGH
Date: 2026.06.04
14:51:29 +05'00'

Anu Singh
Company Secretary & Compliance Officer

Encl: As above

SKIPPER LIMITED
CIN: L40104WB1981 PLC033408
Regd. Office: 3A, Loudon Street,
1st Floor, Kolkata 700 017
Phone: 033 2289 5731/32
Fax: 033 2289 5733
Email: mail@skipperlimited.com
Website: www.skipperlimited.com

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KIPPER Limited

SKIPPER LIMITED

CIN: L40104WB1981PLC033408

Registered Office: 3A, Loudon Street, Kolkata – 700 017, West Bengal, India

Corporate Office: Tirumala, 22 East Topsia Road, 11th Floor, Kolkata – 700 046, West Bengal, India

Phone: 033-22895731, Fax: 033-22895733, Email – investor.relations@skipperlimited.com

Website: www.skipperlimited.com

NOTICE

NOTICE is hereby given that the Extra Ordinary General Meeting (1st of 2026-27) of the Members of Skipper Limited (“the Company”) will be held on Friday, June 26, 2026 at 11:30 a.m. (IST) through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”) to transact the following business:

SPECIAL BUSINESS

1. Issue of Equity Shares on Preferential Basis

To consider and if thought fit, to pass the following resolution as a Special Resolution:

“RESOLVED THAT pursuant to the provisions of Sections 23(1)(b), 42, 62(1)(c) and all other applicable provisions, if any, of the Companies Act, 2013 and applicable Rules made thereunder, including the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Companies (Share Capital and Debentures) Rules, 2014 and other rules and regulations made thereunder (including any amendment(s), statutory modification(s) or re-enactment(s) thereof) (‘the Act’), the enabling provisions of the Memorandum and Articles of Association of the Company, and subject to the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (‘ICDR Regulations’), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations), Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 (‘SEBI Takeover Regulations’), Foreign Exchange Management Act, 1999 (‘FEMA’), Uniform Listing Agreement entered into by the Company with BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) (BSE and NSE collectively referred as “Stock Exchanges”) and subject to other applicable Rules/Regulations/Guidelines/Notifications/Circulars and clarifications issued thereunder, if any, from time to time by the Government of India, Ministry of Corporate Affairs (‘MCA’), the Securities and Exchange Board of India and/or any other competent authorities to the extent applicable, and subject to all necessary approval(s), consent(s), permission(s) and/or sanction(s), if any, of any third parties, statutory or regulatory authorities including Stock Exchanges, as may be required, and subject to such conditions as may be prescribed by any of them while granting any such approval(s), consent(s), permission(s), and/or sanction(s), and which may be agreed to by the Board of Directors of the Company (hereinafter referred to as ‘Board’ which term shall be deemed to include any duly constituted Committee of the Board of Directors to exercise its powers including powers conferred under this resolution), the approval of the Members be and is hereby granted to the Board, to offer, issue and allot from time to time in one or more tranches, up to 92,23,402 (Ninety Two Lakhs Twenty Three Thousand Four Hundred and Two) Equity Shares of the Company of face value of Re. 1/- each (‘Equity Shares’) at a price of Rs. 470/- (Rupees Four Hundred and Seventy Only) each (‘Issue Price’) including premium of Rs. 469/- (Rupees Four Hundred and Sixty Nine Only) each aggregating up to Rs. 4,33,49,98,940/- (Rupees Four Hundred Thirty Three Crores Forty Nine Lakhs Ninety Eight Thousand Nine Hundred and Forty Only) to persons/entities listed below (‘Proposed Allottees’) falling under the category of Non-Promoters as per the provisions of the ICDR Regulations, by way of preferential issue on private placement basis for cash in accordance with the terms as mentioned herein below and on such other terms and conditions as the Board may, in its absolute discretion think fit and without requiring any further approval or consent from the Members, subject to applicable laws and regulations, including the provisions of Chapter V of the ICDR Regulations and the Act:

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KIPPER Limited

Sr. No.	Name of the Proposed Allottees	Current Status/Category	Maximum no. of Equity Shares to be allotted	Maximum Amount to be raised (In Rs.)
1	Emerge Private Opportunities Trust I	Non-Promoter/Alternate Investor Fund (AIF)	10,63,829	49,99,99,630
2	Cohesion MK Best Ideas Sub-Trust	Non-Promoter/Foreign Portfolio Investor (FPI)	15,95,744	74,99,99,680
3	Bandhan Small Cap Fund	Non-Promoter/Mutual Fund(MF)	5,00,000	23,50,00,000
4	SmallCap World Fund Inc	Non-Promoter/Foreign Portfolio Investor (FPI)	59,02,840	2,77,43,34,800
5	American Funds Insurance Series Global Small Capitalization Fund	Non-Promoter/Foreign Portfolio Investor (FPI)	1,60,989	7,56,64,830
		Total	92,23,402	4,33,49,98,940

RESOLVED FURTHER THAT the Company here by notes and takes on record that in accordance with the provisions of Regulation 161 of the ICDR Regulations, the "Relevant Date" for the purpose of calculating the minimum price for the issue of Equity Shares of the Company is determined to be Wednesday, May 27, 2026 being the date that is 30 (thirty) days prior to the date of the EGM, and the minimum price for the preferential issue on the aforesaid Relevant Date pursuant to Regulations 164 of the ICDR Regulations is Rs. 469.81 (Rupees Four Hundred Sixty Nine and Paisa Eighty One Only);

RESOLVED FURTHER THAT without prejudice to the generality of the above resolution, the issue of the Equity Shares pursuant to the Preferential Allotment shall be subject to the following terms and conditions apart from others as prescribed under applicable laws:

a) The Proposed Allottees shall be required to remit 100% of the Issue Price for the Equity Shares to be allotted on or before the date of allotment from their respective bank account to the designated bank account of the Company.

b) The Equity Shares shall be allotted within a period of 15 days from the date of passing of the Special Resolution by the Members, provided that where the allotment of Equity Shares is subject to receipt of any approval or permission from any regulatory authority or Government of India, the allotment shall be completed within a period of 15 days from the date of receipt of last of such approvals or permissions.

c) The Company shall re-compute the price of the Equity Shares in terms of the provisions of ICDR Regulations, where it is required to do so and the differential price, if any, shall be required to be paid by such proposed allottees to the Company in accordance with the provisions of ICDR Regulations.

d) The Equity Shares shall be allotted in dematerialized form and shall be subject to the provisions of the Memorandum of Association and Articles of Association of the Company and shall be fully paid up and rank pari-passu with the then existing Equity Shares of the Company in all respects (including the payment of dividend and voting rights) from the date of allotment thereof.

e) The Equity Shares allotted to the proposed allottees as well as their pre-preferential shareholding, if any, in the Company shall be subject to lock-in as specified in the provisions of Chapter V of the ICDR Regulations.

f) The Equity Shares allotted will be listed on BSE Limited and National Stock Exchange of India Limited, the Stock Exchanges where the existing Equity Shares of the Company are listed, subject to the receipt of necessary permissions and approvals, as the case may be.

RESOLVED FURTHER THAT pursuant to the provisions of the Act, the name of the Proposed Allottees be recorded for the issuance of invitation to subscribe to the Equity Shares and a private placement offer cum application letter in Form No. PAS-4 be issued to the Proposed Allottees inviting them to subscribe to the Equity Shares and the complete record of private placement be maintained in Form PAS-5;

RESOLVED FURTHER THAT in terms of Regulation 162A of ICDR Regulations, 2018, India Ratings and Research Limited, a SEBI-registered Credit Rating Agency be and is hereby appointed as the Monitoring Agency for monitoring the utilization of issue proceeds;

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KIPPER Limited

RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts, deeds, matters and things as it may in its absolute discretion deem necessary or desirable to give effect to the above resolution, including without limitation to issue and allot Equity Shares, to issue certificates/ clarifications on the issue and allotment of Equity Share, effecting any modifications to the foregoing (including to determine, vary, modify or alter any of the terms and conditions of the Equity Shares including deciding the size and timing of any tranche of the Equity Shares), entering into contracts, arrangements, agreements, memoranda, documents to give effect to the resolutions above (including for appointment of agencies, consultants, intermediaries and advisors for managing issuance, listing and trading of Equity Shares issued), including making applications to BSE Limited and National Stock Exchange of India Limited for obtaining of listing and trading approval, filing of requisite documents with the Registrar of Companies, ('ROC'), National Securities Depository Limited ('NSDL'), Central Depository Services (India) Limited ('CDSL') and/or such other authorities as may be necessary for the purpose, and to take all such steps as may be necessary for the credit of such Equity Shares to the respective demat account of the Proposed Allottees, and to delegate all or any of the powers conferred on it by this resolution to any Committee or Director(s) or Officer(s) of the Company and to revoke and substitute such delegation from time to time, as deemed fit by the Board, to give effect to the above resolutions and also to initiate all necessary actions for and to settle all questions, difficulties, disputes or doubts whatsoever that may arise, without limitation in connection with the issue and utilization of proceeds thereof, and take all steps and decisions in this regard, without being required to seek any further consent or approval of the Members of the Company or otherwise to the end and intent that they shall be deemed to have given their approval thereto expressly by the authority of this resolution;

RESOLVED FURTHER THAT all actions taken by the Board or Committee(s) duly constituted for this purpose in connection with any matter referred to above or contemplated in the above resolution are hereby approved, ratified and confirmed in all respects."

By Order of the Board of Directors
For Skipper Limited

Anu Singh
Company Secretary and Compliance officer

Registered Office:
Registered Office: 3A, Loudon Street, 1st Floor,
Kolkata, West Bengal – 700 017

Place: Kolkata
Date: June 03, 2026

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KIPPER Limited

NOTES:

1. The Ministry of Corporate Affairs ('MCA') vide its General Circular No. 14/2020 dated April 8, 2020, General Circular No. 17/2020 dated April 13, 2020, General Circular No. 20/2020 dated May 5, 2020 and General Circular No. 09/2023 dated September 25, 2023, General Circular No. 09/2024 dated September 19, 2024 and General Circular No. 03/2025 dated September 22, 2025 (collectively referred to as "MCA Circulars"), has allowed the Companies to hold the Extra Ordinary General Meeting (EGM) through Video Conferencing ('VC')/Other Audio Visual Means ('OAVM'). In compliance with the provisions of the Companies Act, 2013 ('Act'), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and MCA Circulars, the EGM of the Company is being held on Friday, June 26, 2026 at 11:30 a.m. (IST) through VC/OAVM. The deemed venue for the EGM shall be the Registered Office of the Company.

2. According to the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of Listing Regulations (as amended), and the MCA Circulars, the Company is providing the facility of remote e-voting to its Members in respect of the business to be transacted at the EGM. The Company has engaged the services of National Securities Depository Limited (NSDL) for the purpose of holding EGM of the Company through VC/OAVM. The facility of casting votes by a Member using a remote e-voting system as well as e-voting during the EGM will be provided by NSDL at https://www.evoting.nsdl.com

3. An Explanatory Statement pursuant to Section 102 of the Act and Rules framed thereunder, in respect of the Special Business under Item No. 1 forms part of this Notice. The Board of Directors of the Company at its Meeting held on Wednesday, June 03, 2026, considered that the Special Business under Item No. 1 being considered unavoidable, be transacted at the EGM of the Company.

4. Members attending the EGM through VC or OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Act.

5. Pursuant to the provisions of the Act, a Member entitled to attend and vote at the EGM is entitled to appoint a proxy to attend and vote on his/her behalf. Since, the EGM is being conducted through VC/OAVM, the facility for appointment of proxies by the Members will not be available for the EGM and hence, the Proxy Form and Attendance Slip are not annexed to this Notice.

However, in pursuance of Section 113 of the Act and Rules framed thereunder, the Institutional/Corporate members are entitled to appoint authorized representatives for the purpose of voting through remote e-Voting or for the purpose of participation and voting during the EGM. In this regard, the corporate members are requested to send a certified true copy of the board resolution together with attested specimen signature of authorized representative to the scrutinizer through email at gaurav.thakur@csrma.in with a copy marked to evoting@nsdl.com.

1. Since the EGM will be held through VC/OAVM, the Route Map is not annexed with this Notice.

2. In case of joint holders, the Member whose name appears as the first holder in the order of names as per the Register of Members of the Company will be entitled to vote electronically at the EGM.

3. Further, pursuant to the MCA and SEBI Circulars, the Notice of the EGM along with login details for joining the EGM through VC/OAVM facility including e-voting are being sent in electronic form only to those Members whose e-mail addresses are registered with the Company/Depositories. The Notice of the EGM shall be available on the website of the Company viz., www.skipperlimited.com and on the website of the stock exchanges where equity shares of the Company are listed viz., www.bseindia.com and www.nseindia.com. The Notice shall also be available on the e-Voting website of NSDL viz., www.evoting.nsdl.com.

4. Members willing to express their views or ask questions during the EGM are required to register themselves as speakers by sending their requests at investor.relations@skipperlimited.com from their registered e-mail addresses mentioning their names, folio numbers/ demat account numbers, PAN details, mobile numbers and their questions. Only those Members who have registered themselves as speakers will be allowed to express their views/ask questions during the EGM. The Chairman of the Meeting/the Company reserves the right to restrict the number of questions, time allotted and number of speakers to ensure smooth conduct of the EGM.

5. All documents referred to in the Notice and the Explanatory Statement shall be made available for inspection by the Members of the Company, without payment of fees up to and including the date of EGM. Members desirous of inspecting the same may send their requests at investor.relations@skipperlimited.com from their registered e-mail addresses mentioning their names and folio numbers/ demat account numbers.

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KIPPER Limited

During the EGM, the Register of Directors and Key Managerial Personnel and their shareholding maintained under Section 170 of the Act and the Register of Contracts or arrangements in which Directors are interested maintained under Section 189 of the Act or any other relevant document as may be required, shall be made available for inspection upon login at NSDL e-Voting system at https://www.evoting.nsdl.com.

1. Members can join the EGM through VC/OAVM mode 15 minutes before the scheduled time of the commencement of the Meeting by following the procedure mentioned above. The facility of participation at the EGM through VC/OAVM will be made available for 1000 members on first come first serve basis. This will not include Large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the EGM without restriction on account of first come first serve basis.

2. Members who need any assistance before or during the EGM, may contact on the helpline number or other contact details provided below.

3. Members under the category of Institutional Investors are encouraged to attend the EGM and also vote through remote e-Voting or e-Voting during the EGM.

14. VOTING THROUGH ELECTRONIC MEANS:

i) A person, whose name is recorded in the Register of Members or in the Register of Beneficial Owners maintained by the depositories as on the cut-off date, i.e., Friday, June 19, 2026 shall be entitled to avail the facility of remote e-voting/e-voting at the Meeting. A person who is not a Member as on the cut-off date should treat this notice for information purpose only. The voting rights of Members shall be in proportion to their shares in the paid-up equity share capital of the Company as on the cut-off date. The remote e-voting facility will be available during the following period:

Commencement of Remote E-voting	End of Remote E-voting
Tuesday, June 23, 2026 at 9:00 a.m. (IST)	Thursday, June 25, 2026 at 5:00 p.m.(IST)

Any person holding shares in physical form and non-individual shareholders, who acquires shares in the Company and becomes a Member of the Company after sending of the Notice of the EGM and holding shares as on the cut-off date, i.e., Friday, June 19, 2026, may obtain the Login User Id and Password by sending a request at evoting@nsdl.com or investor.relations@skipperlimited.com.

The remote e-voting will not be allowed beyond the aforesaid date and time, and the remote e-voting module shall be disabled upon expiry of aforesaid period. However, e-voting facility will be made available during the EGM for those shareholders who have not cast their votes through remote e-voting.

ii) Only those members, who are present in the meeting through VC/OAVM and have not cast their vote on resolution through remote e-voting, shall be allowed to vote through e-voting system during the EGM. However, Members who would have cast their votes by remote e-voting may attend the Meeting, but shall neither be allowed to change it subsequently nor cast votes again during the Meeting. Subject to receipt of requisite number of votes, the resolution shall be deemed to be passed on the date of the Meeting i.e. Friday, June 26, 2026. The recorded transcript of the proceedings of the EGM shall be available on the Company's website at www.skipperlimited.com.

iii) The Board of Directors of the Company has appointed Mr. Gaurav Thakur (Membership No.: 25622, FRN: 007437), Proprietor of M/s. Gaurav Thakur & Co., Practicing Cost Accountant, to act as Scrutinizer to scrutinize the process of remote e-voting and also e-voting during the Meeting in a fair and transparent manner.

iv) The Scrutinizer shall after the conclusion of EGM, first count the votes cast at the Meeting and thereafter unblock the votes cast through remote e-voting in the presence of at least two witnesses, not in the employment of the Company. The scrutinizer shall submit the consolidated scrutinizer's report, not later than 48 hours from the conclusion of the Meeting, to the Chairman or any other person authorized by the Board. The results declared along with the consolidated scrutinizer's report shall be placed on the website of the Company www.skipperlimited.com and also be displayed on the Notice board of the Company at its Registered Office and on the website of NSDL viz., www.evoting.nsdl.com immediately after the results are declared. The results shall simultaneously be communicated to the Stock Exchanges within the timelines prescribed therein.

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KIPPER Limited

15. THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER:-

The remote e-voting period begins on Tuesday, June 23, 2026 at 09:00 a.m. (IST) and ends on Thursday, June 25, 2026 at 05:00 p.m. (IST). The remote e-voting module shall be disabled by NSDL for voting thereafter. The Members, whose names appear in the Register of Members / Beneficial Owners as on the record date (cut-off date) i.e., Friday, June 19, 2026 may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being Friday, June 19, 2026.

The way to vote electronically on NSDL e-Voting system consists of "Two Steps" which are mentioned below:

STEP 1: Access to NSDL E-Voting System

Step 2: Cast your vote electronically and join General Meeting on NSDL e-Voting system

DETAILS ON STEP 1 ARE GIVEN BELOW:

A) Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Type of shareholders	Login Method
Individual
Shareholders holding
securities in demat
mode with NSDL.	1. For OTP based login you can click on https://eservices.nsdl.com/SecureWeb/evoting/evotinglogin.jsp. You will have to enter your 8-digit DP ID,8-digit Client Id, PAN No., Verification code and generate OTP. Enter the OTP received on registered email id/mobile number and click on login. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.

1. Existing IDeAS user can visit the e-Services website of NSDL Viz. https://eservices.nsdl.com either on a Personal Computer or on a mobile. On the e-Services home page click on the “Beneficial Owner” icon under “Login” which is available under ‘IDeAS’ section, this will prompt you to enter your existing User ID and Password. After successful authentication, you will be able to see e-Voting services under Value added services. Click on “Access to e-Voting” under e-Voting services and you will be able to see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be re-directed to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.

2. If you are not registered for IDeAS e-Services, option to register is available at https://eservices.nsdl.com. Select “Register Online for IDeAS Portal” or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp

3. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. |

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KIPPER Limited

1. Shareholders/Members can also download NSDL Mobile App “NSDL Speede” facility by scanning the QR code mentioned below for seamless voting experience.

NSDL Mobile App is available on
App Store
Google Play

Individual Shareholders holding securities in demat mode with CDSL

1. Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The users to login Easi /Easiest are requested to visit CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab and then user your existing my easi username & password.
2. After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers’ website directly.
3. If the user is not registered for Easi/Easiest, option to register is available at CDSL website www.cdslindia.com and click on login & New System Myeasi Tab and then click on registration option.
4. Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e-Voting link available on www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the evoting is in progress and also able to directly access the system of all e-Voting Service Providers.

Individual Shareholders (holding securities in demat mode) login through their depository participants

You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. upon logging in, you will be able to see e-Voting option. Click on e-Voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.

Important note: Members who are unable to retrieve their User ID/ Password are advised to use Forget User ID and Forget Password option available at the above-mentioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Login type	Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.com or call at 022 - 4886 7000.
Individual Shareholders holding securities in demat mode with CDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at toll free no. 1800 21 09911

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KIPPER Limited

B) Login Method for e-Voting and joining virtual meeting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode:

1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.
2. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.
3. A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.

Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.

1. Your User ID details are given below:

Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID
For example if your DP ID is IN300 and Client ID is 12 then your user ID is IN30012.
b) For Members who hold shares in demat account with CDSL.	16 Digit Beneficiary ID
For example if your Beneficiary ID is 12 then your user ID is 12.
c) For Members holding shares in Physical Form.	EVEN Number followed by Folio Number registered with the company
For example if folio number is 001 and EVEN is 101456 then user ID is 101456001.

1. Password details for shareholders other than Individual shareholders are given below:

a) If you are already registered for e-Voting, then you can use your existing password to login and cast your vote.
b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial password’ which was communicated to you. Once you retrieve your ‘initial password’, you will need to enter the ‘initial password’ and the system will force you to change your password.
c) In order to retrieve the ‘initial password’

(i) If your email ID is registered in your demat account or with the company, your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your ‘User ID’ and your ‘initial password’.
(ii) If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered.

1. If you are unable to retrieve or have not received the “Initial password” or have forgotten your password:

a) Click on “Forgot User Details/Password?”(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.
b) Physical User Reset Password?” (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.com mentioning your demat account number/ folio number, your PAN, your name and your registered address etc.
d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.

1. After entering your password, tick on Agree to “Terms and Conditions” by selecting on the check box.
2. Now, you will have to click on “Login” button.
3. After you click on the “Login” button, Home page of e-Voting will open.

DETAILS ON STEP 2 ARE GIVEN BELOW:

To cast your vote electronically and join General Meeting on NSDL e-Voting system-

1. After successful login at Step 1, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle and General Meeting is in active status.

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KIPPER Limited

1. Select "EVEN" of company for which you wish to cast your vote during the remote e-Voting period and casting your vote during the General Meeting. For joining virtual meeting, you need to click on "VC/OAVM" link placed under "Join Meeting".

2. Now you are ready for e-Voting as the Voting page opens.

3. Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on "Submit" and also "Confirm" when prompted.

4. Upon confirmation, the message "Vote cast successfully" will be displayed.

5. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.

6. Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

GENERAL GUIDELINES FOR SHAREHOLDERS

1. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to gaurav.thakur@csrma.in with a copy marked to evoting@nsdl.com. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolution / Authority Letter" displayed under "e-Voting" tab in their login.

2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the "Forgot User Details/Password?" or "Physical User Reset Password?" option available on www.evoting.nsdl.com to reset the password.

3. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on.: 022 - 4886 7000 or send a request to Ms. Pallavi Mhatre, DVP at evoting@nsdl.com.

16. PROCESS FOR THOSE SHAREHOLDERS WHOSE EMAIL IDS ARE NOT REGISTERED WITH THE DEPOSITORIES FOR PROCURING USER ID AND PASSWORD AND REGISTRATION OF E MAIL IDS FOR E-VOTING FOR THE RESOLUTION SET OUT IN THIS NOTICE:

a. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self-attested scanned copy of PAN card), and AADHAR (self-attested scanned copy of Aadhar Card) by email to investor.relations@skipperlimited.com.

b. In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to investor.relations@skipperlimited.com. If you are an Individual shareholder holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) i.e., Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode.

c. Alternatively, shareholder/ members may send a request to evoting@nsdl.com for procuring user id and password for e-voting by providing above mentioned documents.

d. In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

17. THE INSTRUCTIONS FOR MEMBERS FOR E-VOTING ON THE DAY OF THE EGM ARE AS UNDER:

a. The procedure for e-voting on the day of the EGM is same as the instructions mentioned above for remote e-voting.

b. Only those Members/ shareholders, who will be present in the EGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-voting and are otherwise not barred from doing so, shall be eligible to vote through e-voting system in the EGM.

c. Members who have voted through Remote e-voting will be eligible to attend the EGM. However, they will not be eligible to vote at the EGM.

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KIPPER Limited

d. The details of the person who may be contacted for any grievances connected with the facility for e-Voting on the day of the EGM shall be the same person mentioned for Remote e-voting.

18. INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE EGM THROUGH VC/ OAVM ARE AS UNDER:

a. Members will be provided with a facility to attend the EGM through VC/ OAVM through the NSDL e-coting system. Members may access by following the steps mentioned above for Access to NSDL e-voting system. After successful login, you can see link of "VC/OAVM" placed under "Join meeting" menu against company name. You are requested to click on VC/OAVM link placed under Join Meeting menu. The link for VC/OAVM will be available in Shareholder/Member login where the EVEN of Company will be displayed. Please note that the members who do not have the User ID and Password for e-Voting or have forgotten the User ID and Password may retrieve the same by following the remote e-Voting instructions mentioned in the notice to avoid last minute rush.

b. Members are encouraged to join the Meeting through Laptops for better experience.

c. Further, speakers will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.

d. Please note that participants connecting from mobile devices or tablets or through laptop connecting via mobile hotspot may experience audio/video loss due to fluctuation in their respective network. It is therefore recommended to use stable Wi-Fi or LAN connection to mitigate any kind of aforesaid glitches.

e. Shareholders who would like to express their views/have questions may send their questions in advance mentioning their name, email id, mobile number, investor.relations@skipperlimited.com. The same will be replied by the Company suitably.

f. Shareholders who would like to express their views/ask questions as a speaker at the Meeting may pre-register themselves by sending a request from their registered e-mail address mentioning their names, DP ID and Client ID/folio number, PAN and mobile number at investor.relations@skipperlimited.com between Monday, June 15, 2026 from 09:00 a.m. (IST) and Friday, June 19, 2026 till 05:00 p.m. (IST). Only those Shareholders who have pre-registered themselves as a speaker will be allowed to express their views/ask questions during the EGM. The Company reserves the right to restrict the number of speakers depending on the availability of time for the EGM.

g. Shareholders attending the EGM through VC/OAVM shall be counted for the purpose of reckoning the quorum under Section 103 of the Act.

AS REQUIRED BY SECTION 102 OF THE COMPANIES ACT, 2013 ("THE ACT"), THE FOLLOWING EXPLANATORY STATEMENT SETS OUT ALL MATERIAL FACTS RELATING TO THE BUSINESS MENTIONED UNDER ITEM NUMBER 1 OF THE ACCOMPANYING NOTICE DATED JUNE 03, 2026

Items No. 1

The Board of Directors of the Company has, at its Meeting held on June 03, 2026, approved the proposal for fund raising up to an aggregate amount of Rs. 4,33,49,98,940/- (Rupees Four Hundred Thirty Three Crores Forty Nine Lakhs Ninety Eight Thousand Nine Hundred and Forty Only), on preferential basis through private placement subject to approval of the Members of the Company, by way of issuance of Equity Shares to the persons/entities falling under the category of Non-promoters.

Necessary information or details in respect of the proposed Preferential Allotment of the Equity Shares in terms of Sections 42 and 62(1)(c) of the Companies Act, 2013 read with Rules made thereunder and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("ICDR Regulations") are furnished as under:

1. Particulars of the offer including date of passing of Board resolution, kind of Securities offered, maximum number of securities to be issued and the Issue Price

The Board of Directors of the Company, vide resolution passed in its Meeting held on June 03, 2026, has proposed to issue up to 92,23,402 (Ninety Two Lakhs Twenty Three Thousand Four Hundred and Two) Equity Shares of the Company having face value of Re. 1/- (Rupee One) each at a price of Rs. 470/- per share (including premium of Rs. 469/- per share) aggregating up to Rs. 4,33,49,98,940/- (Rupees Four Hundred Thirty Three Crores Forty Nine Lakhs Ninety Eight Thousand Nine Hundred

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KIPPER Limited

and Forty Only) to the persons/entities falling under the Non-promoter category on preferential basis and on the terms and conditions as contained in the resolution set out at Item No. 1 of this Notice.

2. Objects of the Issue:

The Company shall utilize the proceeds from the preferential issue of Equity Shares as under:

Sr. No.	Particulars	Estimated Amount to be utilized for each of the objects* (Rs.)	Tentative Time Frame for utilization
1.	Repayment of part of the Working Capital Demand Loan and Cash Credit Facility availed by the Company	3,27,49,98,940/-	3 months
2.	For general corporate purposes (which includes, inter alia, meeting ongoing general corporate exigencies and contingencies, expenses of the Company as applicable in such a manner and proportion as may be decided by the Board from time to time, and/or any other general purposes as may be permissible under applicable laws)	1,06,00,00,000/-	12 months

The amount specified for the above Objects may deviate +/- 10% (such deviation, the "Permitted Deviation") depending upon future circumstances. Further, the same is based on the fund requirement and the proposed utilization schedule is based on management estimates, market conditions, business needs and other commercial and technical factors, and the actual deployment of funds will depend on a number of factors such as financial, market and sectoral conditions, business performance and strategy, and other external factors, which may not be within the control of the Company and may result in modifications to the proposed schedule for utilization of the proceeds at the discretion of the Board (or a committee thereof), subject to compliance with applicable laws.

Pending complete utilization of the Issue Proceeds for the Objects described above, the Company intends to, inter alia, invest the Issue Proceeds in money market instruments including money market mutual funds, deposits in scheduled commercial banks, securities issued by Government of India or any other investments as permitted under applicable laws.

3. Relevant Date:

In accordance with the provisions of Regulation 161 of the ICDR Regulations, the "Relevant Date" for the purpose of calculating the minimum price for the issuance of Equity Shares of the Company is determined to be Wednesday, May 27, 2026 being the date that is 30 (thirty) days prior to the date of the EGM i.e., Friday, June 26, 2026.

4. Basis on which the price has been arrived at and justification for the price (including premium, if any) and name and address of the Registered Valuer:

The Equity Shares of Company are listed on BSE Limited and National Stock Exchange of India Limited on Main Board Platform and are frequently traded in accordance with the ICDR Regulations. Highest trading volume in respect of the equity shares of the issuer has been recorded during the preceding 90 trading days prior to the relevant date at National Stock Exchange of India Limited. Accordingly, trading volumes at National Stock Exchange of India Limited for the period set out below has been considered for the purpose of computation of the minimum price for issuance of Equity Shares of the Company.

In accordance with the provisions of Regulations 164 of the ICDR Regulations, the minimum price for issuance of Equity Shares of the Company of Rs. 469.81 (Rupees Four Hundred Sixty Nine and Paisa Eighty One Only) has been arrived at, being higher of the following:

(i) 90 trading day's volume weighted average price (VWAP) of the Equity Shares of the Company quoted on National Stock Exchange of India Limited during the last 90 days preceding the relevant date i.e., Wednesday, May 27, 2026: Rs. 422.82 (Rupees Four Hundred Twenty Two and Paisa Eighty Two Only)

(ii) 10 trading day's volume weighted average price (VWAP) of the Equity Shares of the Company quoted on National Stock Exchange of India Limited during the last 10 days preceding the relevant date i.e. Wednesday, May 27, 2026: Rs. 469.81 (Rupees Four Hundred Sixty Nine and Paisa Eighty One Only)

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KIPPER Limited

The Company has not obtained the Valuation Report as none of the proposed allottees and person acting in concert with them are being allotted equity shares in excess of 5% of the post diluted share capital of the Company and also, for the proposed preferential issue, no valuation requirement has been mentioned in the Articles of Association of the Company for determining the minimum issue price.

The pricing for issuance of the Equity Shares as per the resolution set out at Item No. 1 is Rs. 470/- (Rupees Four Hundred and Seventy Only) per share, which is not lower than the minimum price determined in accordance with the applicable provisions of the ICDR Regulations.

1. Amount which the Company intends to raise by way of such securities:

An amount up to Rs. 4,33,49,98,940/- (Rupees Four Hundred Thirty Three Crores Forty Nine Lakhs Ninety Eight Thousand Nine Hundred and Forty Only) is proposed to be raised by the Company by way of issuance of Equity Shares as per the resolution set out at Item No. 1.

1. Intent of the Promoters, Directors, Key Managerial Personnel or Senior Managerial Personnel of the Company to subscribe to the Preferential Allotment:

None of the Promoters, Directors, Key Managerial Personnel or Senior Managerial Personnel of the Company is subscribing to the Preferential Allotment.

1. Time frame within which the Preferential Allotment shall be completed:

The Equity Shares shall be allotted within a period of 15 days from the date of passing of the Special Resolution by the Members, provided that where the allotment of Equity shares is subject to receipt of any approval or permission from any regulatory authority or Government of India, the allotment shall be completed within a period of 15 days from the date of receipt of last of such approvals or permissions.

1. Name of the proposed allottees, class and percentage of post Preferential Issue capital that may be held by them:

Name of the Proposed Allottee	Category	Pre-issue (as of May 29, 2026)		Post-issue of Equity Shares
		No. of Shares	%	No. of Shares	%
Emerge Private Opportunities Trust I	Non-Promoter/Alternate Investor Fund (AIF)	-	-	10,63,829	0.87
Cohesion Mk Best Ideas Sub-Trust	Non-Promoter/Foreign Portfolio Investor (FPI)	-	-	15,95,744	1.31
Bandhan Small Cap Fund	Non-Promoter/Mutual Fund(MF)	16,47,515	1.46	21,47,515	1.76
Smallcap World Fund Inc	Non-Promoter/Foreign Portfolio Investor (FPI)	-	-	59,02,840	4.83
American Funds Insurance Series Global Small Capitalization Fund	Non-Promoter/Foreign Portfolio Investor (FPI)	-	-	1,60,989	0.13

1. The current and proposed status of the allottee(s) post the preferential issues namely, promoter or non-promoter

The Proposed Allottees to the Equity Shares as per resolution set out at Item No. 1 belongs to Non-Promoter Category and shall be categorized as Non-Promoters upon issuance and allotment of Equity Shares.

1. Shareholding pattern of the Company before and after the Preferential Allotment:

The shareholding pattern of the Company before and after the Preferential Allotment of Equity Shares of the Company is annexed as Annexure "A" to the Notice and forms integral part of the explanatory statement.

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KIPPER Limited

1. Identity of the natural persons who are the ultimate beneficial owners of the shares proposed to be allotted and/or who ultimately control the proposed allottees, the percentage of post preferential issue capital that may be held by them and change in control, if any, in the issuer consequent to the Preferential Allotment:

The identity of the natural persons who are the ultimate beneficial owners of the Equity shares proposed to be allotted and/or who ultimately control the proposed allottees, the percentage of post preferential issue capital that may be held by them is annexed as Annexure "B" to the Notice and forms integral part of the explanatory statement.

There shall be no change in Management or control of the Company pursuant to the aforesaid issue of Equity Shares of the Company.

1. Justification for offer being made for consideration other than cash together with the valuation report of the Registered Valuer:

Not applicable.

1. Number of persons to whom allotment on preferential basis has already been made during the year, in terms of number of securities as well as price:

Nil, the Company has not made any allotment on preferential basis during the current financial year.

1. Lock-in Period:

(i) The Equity Shares as per resolution set out at Item No. 1 shall be locked-in as prescribed under the ICDR Regulations from time to time.
(ii) The pre-preferential allotment shareholding of the proposed allottees, if any, in the Company shall also be subject to lock-in as per the provisions of the ICDR Regulations.

1. Practicing Company Secretary's Certificate:

The certificate from R M Mimani & Associates LLP, Practicing Company Secretaries certifying that the Preferential Allotment is being made in accordance with the requirements contained in the ICDR Regulations shall be available for electronic inspection by the Members at the EGM and is also available on the website of the Company at Link https://www.skipperlimited.com/investor-relations/shareholder-information/egm/3/66

1. Material terms of the proposed Preferential Issue of the Equity Shares:

The material terms of the proposed preferential issue of the Equity Shares are stipulated in the Special Resolution as set out at Item No. 1 respectively of this Notice.

1. Listing:

The Company will make an application to BSE Limited and National Stock Exchange of India Limited, at which the existing Equity Shares are presently listed, for seeking in-principle approval for issuance of the Equity Shares.

The Equity Shares shall be listed at BSE Limited and National Stock Exchange of India Limited.

Such Equity Shares, once allotted, shall rank pari-passu with the then existing Equity Shares of the Company, in all respects, including voting rights and dividend.

1. Monitoring Agency:

As the Issue size is more than Rs. 100 Crores, India Ratings and Research Limited, a SEBI-registered Credit Rating Agency has been appointed as the Monitoring Agency for monitoring the utilization of Issue Proceeds.

1. Principal terms of assets charged as securities:

Not applicable.

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KIPPER Limited

20. Other disclosures:

(i) Neither the Company nor its directors or Promoters have been declared as willful defaulter or fraudulent borrower as defined under the ICDR Regulations. None of its Directors or Promoters is a fugitive economic offender as defined under the ICDR Regulations.

(ii) The Company is eligible to make the Preferential Allotment under Chapter V of the SEBI (ICDR) Regulations.

(iii) The Equity Shares shall be allotted in dematerialized form to the proposed allottees.

(iv) The Company has no outstanding dues to SEBI, the Stock Exchange or the depositories.

(v) The Company has obtained the Permanent Account Numbers (PAN) of the proposed allottees.

(vi) The Company undertakes to re-compute the price of the Equity Shares in terms of the provisions of the SEBI (ICDR) Regulations, where it is required to do so and that if the amount payable on account of the re-computation of price is not paid within the time stipulated in the SEBI (ICDR) Regulations, the Equity Shares shall continue to be locked in till the time such amount is paid by the allottees.

(vii) The proposed allottees have not sold or transferred any Equity Shares of the Company during the 90 trading days preceding the relevant date.

(viii) The Company is in compliance with the conditions for continuous listing of Equity Shares as specified in the Listing Agreement with the Stock Exchanges and the Listing Regulations, as amended and circulars and notifications issued by SEBI thereunder.

(ix) Issue of the Equity Shares shall be within the Authorized Share Capital of the Company.

(x) The proposed preferential issue is not being made to anybody corporate incorporated in, or a national of, a country which shares a land border with India.

In terms of the provisions of Section 23 (1)(b), Section 62(1)(c) of the Companies Act, 2013 as amended including rules notified thereunder ("Act"), Regulation 160 (b) of Chapter V of ICDR Regulations, the proposed issue of Equity Shares as per resolution set out at Item no. 1 requires prior approval of the Members of the Company by way of Special Resolution.

The Board believes that the proposed issue of Equity Shares is in the best interest of the Company and its Members and therefore, recommends the resolution set out at Item No. 1 to the Members for their approval as Special Resolution.

As required by Section 102(3) of the Companies Act, 2013, the documents with regard to the preferential issue shall be available for inspection at the Registered Office of the Company during business hours from 10:00 a.m. to 5:00 p.m. on all working days as well as, electronically, on the day of the Extra Ordinary General Meeting.

None of the Directors / Key Managerial Personnel(s) of the Company or their relatives are concerned or interested, financially or otherwise, in the resolution set out at Item No. 1, except to the extent of their shareholding interest, if any, in the Company.

By Order of the Board of Directors
For Skipper Limited

Anu Singh
Company Secretary and Compliance officer

Registered Office:

Registered Office: 3A, Loudon Street, 1st Floor,
Kolkata, West Bengal – 700 017

Place: Kolkata
Date: June 03, 2026

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KIPPER Limited

Annexure - A
Pre-issue and Post-issue Shareholding pattern:

Particulars	Pre-issue (as on May 29, 2026)		Post-issue of Equity Shares
Promoter Share Holding
Indian Promoters
Individuals/HUF	1,80,989	0.16	1,80,989	0.15
Bodies Corporate	7,48,99,668	66.34	7,48,99,668	61.33
Sub Total of Indian Promoters	7,50,80,657	66.50	7,50,80,657	61.48
Foreign Promoters
Individuals/HUF	-	-	-	-
Bodies Corporate	-	-	-	-
Sub Total of Foreign Promoters	-	-	-	-
Total Shareholding of Promoter and Promoter Group (A)	7,50,80,657	66.50	7,50,80,657	61.48
Public Share holding
Institutions
Mutual Funds	17,56,307	1.56	22,56,307	1.85
Alternate Investment Fund	3,84,846	0.34	14,48,675	1.19
NBFCs registered with RBI	5,406	0.00	5,406	0.00
Foreign Portfolio Investor	55,16,578	4.89	1,31,76,151	10.79
Financial Institutions/ Bank	-	-	-	-
Overseas Body Corporate	-	-	-	-
Others	-	-	-	-
Sub Total of Institution	76,63,137	6.79	1,68,86,539	13.83
Central Government/ State Government(s)/ President of India				-
Non-Institutions:				-
Individual share capital up to Rs. 2 Lac	1,57,59,586	13.60	1,57,59,586	12.91
Individual share capital in excess of Rs. 2 Lac	25,94,350	2.30	25,94,350	2.12
Bodies Corporate	81,77,483	7.24	81,77,483	6.70
Clearing Members	2,93,730	0.26	2,93,730	0.24
HUF	7,58,606	0.67	7,58,606	0.62
IEPF	5,429	0.00	5,429	0.00
Non Resident Indian (NRI)	11,38,481	1.01	11,38,481	0.93
Trust	2,196	0.00	2,196	0.00
Unclaimed Shares	-	-	-	-
Others - LLP	14,30,380	1.27	14,30,380	1.17
Sub Total of Non-Institutions	3,01,60,241	26.71	3,01,60,241	24.69
Total Public Shareholding (B)	3,78,23,378	33.50	4,70,46,780	38.52
Grand Total (A+B)	11,29,04,035	100.00	12,21,27,437	100.00

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KIPPER Limited

Annexure - B
Identity of the natural persons who are the ultimate beneficial owners of the Warrants/Equity shares proposed to be allotted

Name of the Proposed Allottee	Category	Pre-issue (as of May 29, 2026)		Post-issue of Equity Shares		Identity of the natural persons who are the ultimate beneficial owners
		No. of Shares	%	No. of Shares	%
Emerge Private Opportunities Trust I	Non-Promoter/Alternate Investor Fund (AIF)	-	-	10,63,829	0.87	1. Arjun Shanker Bhartia
2. Sudhir Jain
Cohesion Mk Best Ideas Sub-Trust	Non-Promoter/Foreign Portfolio Investor (FPI)	-	-	15,95,744	1.31	1. Spike Hughes, Director
2. Gireesh Nadge, Director
Bandhan Small Cap Fund	Non-Promoter/Mutual Fund (MF)	16,47,515	1.46	21,47,515	1.76	Exempted, pursuant to the proviso to Regulation 163(1)(f) of the SEBI ICDR Regulations
Smallcap World Fund Inc	Non-Promoter/Foreign Portfolio Investor (FPI)	-	-	59,02,840	4.83	Hong T. Lee *
American Funds Insurance Series Global Small Capitalization Fund	Non-Promoter/Foreign Portfolio Investor (FPI)			1,60,989	0.13	Gregory F. Niland**

• In absence of Natural Person, Hong T. Lee has been identified as relevant natural person/beneficial owner.
  ** In absence of Natural Person, Gregory F. Niland has been identified as relevant natural person/beneficial owner

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