THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

THE INITIAL PUBLIC OFFER OF EQUITY SHARES ON THE MAIN BOARD OF NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE") AND BSE LIMITED ("BSE", AND TOGETHER WITH NSE, THE "STOCK EXCHANGES") IN COMPLIANCE WITH CHAPTER II OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED ("SEBI ICDR REGULATIONS")

CSM TECHNOLOGIES LIMITED

(TO BE LISTED ON THE MAIN BOARD OF BSE AND NSE)

Our Company was originally incorporated in the name and style of "Cybertech Software & Multimedia Private Limited" under the provisions of the Companies Act 1956, pursuant to a certificate of incorporation dated July 15, 1998, issued by the Registrar of Companies, Orissa. Subsequently, in order to create a better brand value in the domestic and international market, the name of our Company was changed to 'CSM Technologies Private limited', pursuant to a certificate of incorporation dated October 13, 2014, issued by the Registrar of Companies. Cuttack. Thereafter, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by our Board of Directors at their meeting held on June 18, 2025 and a special resolution passed by our Shareholders at the EGM held on July 11, 2025, following which the name of our Company was changed to 'CSM Technologies Limited' and afresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies Central Processing Centre on July 29, 2025. For details of incorporation, changes in the name and registered office address of our Company, see "History and Certain Corporate Matters" on page 268 of the Prospectus dated June 29, 2026 ("Prospectus").

1. Government tender dependency risk: Our business is heavily dependent on tenders from government authorities accounting for approximately 63.45%, 74.15%, 69.17% and 77.13% of our revenue from operations for the nine months period ended December 31, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Delays or a lack of lenders from government entities, along with adverse changes in government policies, could materially impact our business through contract foreclosures, terminations, restructurings, or renegotiations, affecting our operations and financial performance The Mowing table sets forth revenue from our customers and such revenue as percentage of revenue from operations for the nine months period ended December31, 2025 and the Fiscals indicated:

The following table sets forth the contribution from our customers to our Order Book for the nine months period ended December 31, 2025 and the Fiscals indicated:

2. Competitive bidding and project execution risk: Out of the total projects awarded to us, 70.59%, 100.00%, 91.67% and 91.30% of such projects in the nine months period ended December 31, 2025, Fiscal 2025, 2024 and 2023, respectively were secured through competitive bidding process from government entities., and our business depends on our ability to bid for and be awarded contracts for projects by project owners. Failure to complete our projects within contractual time may affect our future business prospects and financial performance. Failure to qualify for, complete or win new contracts could negatively impact our business, potentially affecting our financial condition, operational results, growth prospects, and cash flow stability. The following table sets forth details of projects awarded to us for the periods indicated:

3. Geographical concentration risk: Our operations are geographically concentrated in the eastern region of India, particularly in the State of Odisha which contributed to 62.56%, 72.97%, 76.76% and 83.95% of our revenue from operations for the nine months period ended December 31, 2025. Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Additionally, Africa contributed 5.56%, 12.00%, 9.70% and 3 03% of our revenue from operations during the respective period. Any adverse developments in these regions could materially affect our business and growth prospects. The following table sets forth our revenue from operations by geography for the periods indicated:

4. Blacklisting and debarment risk: We are exposed to the risk of disqualification, suspension or blacklisting by government authorities in India or overseas, which could prevent us from boding for or executing government projects. In the past, the Bihar State Road Transport Corporation had passed an order for blacklisting our Company in relation to a project, which was subsequently set aside pursuant to an order of the Patna High Court and our Company was removed from the blacklist. Further, the Ministry of Finance and Economic Affairs, Banjul, The Gambia had issued a notice of breach of contract stating that failure to remedy the breach may lead to a recommendation for blacklisting our Company from participating in future contracts in The Gambia and with the World Bank. While our Company complied with the requirements under the notice and did not face any blacklisting action, there can be no assurance that similar instances will not arise in the future.

5. Customer concentration risk: A significant portion of our Order Book and revenue from operations is attributable to certain key customers, and our business and profitability is dependent on our ability to win projects from such customers. Loss of one or more of our customers or reduction in their demand for our offerings could adversely affect our business, results of operations and financial conditions.

The following table sets forth the value of our Order Book attributable to our top three, top five and top ten customers, respectively, in absolute terms and as a percentage of our total Order Book value as of the dates indicated.

The following table sets forth the value of our revenue from operations attributable to our top three, top five and top ten customers, respectively, in absolute terms and as a percentage of our total revenue from operations as of the dates indicated.

6. Intellectual property risk: Our business relies on proprietary intellectual property, including internally developed software, platforms, processes and know-how. Any inability to protect, maintain or enforce these rights, or any infringement or adverse outcome in related proceedings, could materially and adversely affect our business, reputation, financial condition and results of operations.

Further, while we have obtained registration of our corporate logo under Class 42 of the Trade Marks Act, 1999, such registration may not be sufficient to protect our intellectual property rights and we may not be able to prevent infringement of our trademarks. We have filed a rectification/cancellation petition before the Registrar of Trade Marks, New Delhi seeking cancellation of the trademark 'CSM' (bearing No. 3298080 in Class 42) registered in the name of Scrum Alliance Inc. Scrum Alliance Inc. has filed a counterstatement denying the contents of the petition. The outcome of this proceeding is uncertain and we cannot assure you that it will be decided in our favour, Any inability to successfully maintain or enforce our intellectual property rights may lead to erosion of our business value and adversely affect our operations.

7. Supplier concentration risk: We rely on our suppliers for various software services, general IT hardware and software solutions, and comprehensive enterprise-level support. The table below set forth the cost of supplies from our top three suppliers, top five suppliers and top 10 suppliers in absolute terms and as percentage of our revenue from operations for nine months period ended December 31, 2025 and the Fiscals indicated.

8. Auditor observation risk: Our Statutory Auditors, in their examination report on the Restated Consolidated Financial Information, have made specific observations in relation to going concern assumptions in view of the accumulated losses incurred by the subsidiaries, outstanding receivables due for more than one year from foreign debtors, cut-off issues arising due to not consistently being recorded in the correct accounting period, accounting basis, and title deed ownership of immovable properties.

9. Industry segment concentration risk: The majority of our Order Book and our revenues are from industry segments such as government and public services, mining & allied services and agriculture and ailed services sector, which contributed to 21.91%, 27.96% and 30.09% of our Order Bock and 31.52%, 24.65% and 14.56% of our revenue from operations as of December 31, 2025, respectively. Significant social, political, or economic changes in these sectors could adversely affect our business, results of operations, financial condition, and cash flows. Significant social, political, or economic changes in these sectors could adversely affect our business, results of operations, financial condition, and cash flaws Significant social, political, or economic changes in these sectors could adversely affect cur business, results of operations, financial condition, and cash flows. Significant social, political, or economic changes in these sectors could adversely affect our business, results of operations, financial condition, and cash flows.

10. Cybersecurity and data security risk: Any online security breach or cyberattack resulting in unauthorized access to our network, systems, or data may adversely impact our business operations, financial results, and reputation. During the nine months period ended December31, 2025 and the last three Fiscals, there was one incident where a spam email resulted in an erroneous payment of 733.67 lakhs, which was subsequent not recovered. While we have not experienced any other material cyber incidents, breaches of data security or associated liabilities during such periods, there can be no assurance that similar or more serious incidents will not occur in the future, which could material and adversely affect our business, financial condition and results of operations.

11. Financial related risk: We had negative cash Rows from our operating, investing and financing activities as per the Restated Consolidated Financial Information and the same are summarized as under:

(in Rs. lakhs)

12. Risk Related to Issue: Our Equity Shares have never been publicly traded, and after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the issue Price may not be indicative of the market price of the Equity Shares after the Issue.

13. The average cost of acquisition of Equity Shares by our Promoters as at the date of the Red Herring Prospectus is stated below and the issue price at the upper end of the price band is Rs.113.

14. Weighted average cost of all Equity Shares transacted by the Promoters and members of the Promoter Group in the last three years, 18 months and one year preceding the date of the Prospectus

15. Details of the price at which Equity Shares were acquired in the last three years immediately preceding the date of the Prospectus by our Promoters, members of our Promoter Group and the Shareholders with special rights

Except as stated below, none of our Promoters and members of our Promoter Group, have acquired any Equity Shares in the three years immediately preceding the date of the Prospectus:

16. The Floor Price is 66.88 times and the Cap Price is 70.83 times the weighted average cost of acquisition at which the equity shares were issued by our Company, or acquired or sold by the other shareholders with rights to nominate directors are disclosed below:

17. The Weighted Average Return on Net worth for last three fiscal is 21.49%

18. The price/earning ratio based on diluted EPS for financial year 2025 at the upper end of the price band is as high as 30.38 as compared to the average industry price/earnings ratio of 14.28.

19. During the past three fiscal year, the BRLM have handled 3 public issues out of which 1 issue closed below the issue price on listing date.

The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957,as amended ("SCRR") read with Regulation 31 of the SEBI ICOR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs" and such portion, the "QIB Portion"), provided that our Company may in consultation with the Book Running Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which 40% shall be reserved in the following manner: (i) 33.33% of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, and (ii) 6.67% of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the price at which allocation is made to Anchor investors (the "Anchor Investor Allocation Price"). Any under-subscription in the Anchor Investor Portion reserved for Life Insurance Companies and Pension Funds specified in (ii) above may be allocated to domestic Mutual Funds, in accordance with the SEBI ICDR Regulations In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Issue Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs. Including Mutual Funds. Further, not less than 15% of the Net Issue shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders ("Retail Portion") in accordance with the SEBI ICDR Regulations, subject to valid Bids being reserved at or above the Issue Price. One-third of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than Rs. 2.00 lakhs and up to Rs. 10.00 lakhs and two-thirds of the Non- Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than Rs. 10.00 lakhs provided that under-subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. Further, up to 1,30,000 Equity Shares aggregating up Rs. 146.90 lakhs will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Issue through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks ("SCSBs") or by the Sponsor Banks under the UPI Mechanism, as the case may be. to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" on page 447 of the Prospectus.

The bidding for Anchor Investor opened and closed on Tuesday, June 23, 2026. The Company received 2 Anchor Investor application forms from 2 Anchor Investors for 17,70,120 Equity Shares. The Anchor Investor Issue Price was finalized at Rs. 113 per Equity Share. A total of 17,70,120 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 2,000.24 lakhs.

The Issue received 45,932 applications for 16,930,452 Equity Shares resulting in 1.31 times subscription as disclosed in the Prospectus. The details of the applications received in the Issue from Retail Individual Bidders. Non-Institutional Bidders, QIBs, Employee and Anchor are as under (before technical rejections):

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on June 30, 2026.

The Basis of Allotment to the Read Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 113 per Equity, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.34917 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 5,263,084 Equity Shares (i.e. Including Spilled over of 19,028 Equity Shares from Employee category and 774,206 Equity Shares from NIB Above 2 Lakhs up to 10 Lakhs category (i.e., Total of 793,234 Equity Shares) to 39,871 successful applicants. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Non-Institutional Bidders (more than Rs. 2 lakhs and upto Rs. 10 lakhs), who have bid at the Issue Price of Rs. 113 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.47231 times. The total number of Equity Shares allotted in this category is 752,400 Equity Shares to 363 successful applicants. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Non-institutional Bidders (more than Rs. 10 Lakhs), who have bid at the Issue Price of Rs. 113 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.25792 times. The total number of Equity Shares allotted in this category is 330,792 Equity Shares to 36 successful applicants. The category-wise details of the Basis of Allotment are as under;

The Basis of Allotment to the Eligible Employees, who have bid at the Issue Price of Rs. 113 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.58182 times. The total number of Equity Shades allotted in this category is 75,636 Equity Shares to 152 successful applicants. The category-wise details of the Basis of Allotment are as under:

Allotment to QIBs, who have bid at the Offer Price of Rs. 113 per Equity Share or above, has been done on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 1,00000 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. Nil Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available 4,708,968 Equity Shares (i.e., Includes spilled over of 324,357 Equity Shares from Other Categories (i.e., 230,769 Equity Shares from QIB MF category, 27,181 Equity Shares from Employee Category and 66,407 Equity Shares from NIB Above 2 Lakhs up to 10 Lakhs Category) on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 4,708,968 Equity Shares, which were allotted to 12 successful Applicants.

The Company, in consultation with the BRLMs, have allocated 1,770,120 Equity Shares to 2 Anchor Investors (through 2 Applications) at the Anchor Investor Offer Price of Rs. 113 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion.

The Board of Directors of our Company at its meeting held on June 30, 2026 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation and/or notices have been dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Issue Account on June 30, 2026 and the payments to non-syndicate brokers haw been issued on July 01, 2026. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on July 01, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing application with BSE and NSE on July 01, 2026. The Company has received the listing and trading approval from BSE & NSE, and trading will commence on July 02, 2026.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, Serial number of the Bid cum Application form number, Bidders DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

KFin Technologies Limited

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai, Maharashtra, India, 400070

Tel: 040-67162222/18003094001; E-mail: csmtechnologies.ipo@kfintech.com; Investor grievance E-mail: einward.ris@kfintech.com, Website: www.kfintech.com

Contact person: M. Murali Krishna; SEBI Registration No: INR000000221

CSM TECHNOLOGIES LIMITED has filed a Prospectus dated June 29, 2026 with the RoC. The Prospectus is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Keynote Financial Services Limited at www.keynoteindia.net, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.csm.tech. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section "Risk Factors" beginning on page 23 of the Prospectus. Any potential investor should note that investment m equity shares involves a high degree of risk and for details relating to such risk, please see "Risk Factors" beginning on page 23 of the Prospectus.

This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares offered in the Issue have not been and will not be registered, listed or otherwise qualified in any jurisdiction except India and may not be offered or sold to persons outside of India except in compliance with the applicable laws of each such jurisdiction. In particular, the Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Issue are being offered and sold only outside the United States in "offshore transactions" as defined in and in reliance on Regulation S under the U.S. Securities Act ("Regulation S" ).