(THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT) (THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE FOR SECURITIES. NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.)
	SHYAM DHANI INDUSTRIES LIMITED

Our Company was originally incorporated as "Shyam Dhani Industries Private Limited" at Jaipur as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 19, 2010, issued by the RoC, Rajasthan. Subsequently, our Company was I converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by our Shareholders at their extra-ordinary general meeting held on August 20, 2024, Consequently, the name of our Company was changed to "Shyam Dhani Industries Limited" and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to our Company by the Central Processing Centre on October 08, 2024, and our Corporate Identification Number (CIN) is U15499RJ2010PLC033117. The registered and corporate office of our company is situated at F-438-A, Road No. 12, VKIA, Jaipur, Rajasthan, 302013, India. For details of Incorporation, Change of Name and Registered Office of our Company, see the chapter titled "Our History and Certain Other Corporate Matters" beginning on page 189 of the Prospectus.

Our company is engaged in the manufacturing and processing of 164 type/varieties of spices such as Ground Spices, Blend Spices and Whole Spices under the brand name "SHYAM". In addition to our spice offerings, we are also engaged in trading and distribution of Grocery Products such as Black Salt, Rock Salt, Rice, Poha, Kasuri Methi (Dried Fenugreek) etc. and a diverse range of Herbs and seasonings which includes Organo, Peri Peri, Chilli Flakes, Mixed Herbs, Onion Flakes, Tomato Powder etc. For more details, please refer chapter titled "Our Business" beginning on page 154 of the Prospectus.

DETAILS OF THE SELLING SHAREHOLDERS, OFFER FOR SALE AND WEIGHTED AVERAGE COST OF ACQUISITION- NOT APPLICABLE AS THE ENTIRE ENTIRE ISSUE CONSTITUTES FRESH ISSUE OF EQUITY SHARES.

I. Our company's revenue is largely driven by the performance of the EPC sector, which presents a range of potential risks. Any downturns or disruptions within this We are dependent upon a limited number of suppliers 42.11%, 40.86%, 58.66% and 68.70% of our Total Purchases are derived from our top 10 suppliers for the period ended on September 30, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023. Further our 5.96%, 13.20%, 27.88% and 22.28% of our total purchases for the period ended on September 30, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023 are procured from our group company and members of our Promoter Group. Our company do not have long-term contracts with any of our suppliers. Any disruption in the supply of raw materials or any failure of our suppliers to deliver these products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect our business and our ability to deliver orders on time at the desired level of quality.

II. We may face shortage of Raw Materials because of the seasonal nature of our purchase.

III. Our products are semi-perishable in nature and the shelf life of our products ranges from 4-18 months. Inaccurate demand forecasting for our semi-perishable product can result in excess inventory and waste which, in turn, could have an adverse effect on our business, financial condition, results of operations and cash flows.

IV. Our Company requires significant amounts of working capital for continued growth. Our inability to meet our working capital requirements may have an adverse effect on the results of operations. Further, failure to manage our inventory could have an adverse effect on our sales, profitability, cash flow and liquidity.

V. Our Company, our Group Company, our Promoters and our Directors other than promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render us / them liable to liabilities / penalties and may adversely affect our business and results of operations.

VI. We are dependent on and derive our 57.86 %, 56.39%, 57.92% and 45.05% of revenue from our top 10 key customers for the period ended on September 30, 2025 and during the fiscal year ended on March 31, 2025, 2024 and 2023. Decreasing the revenues we derive from them could materially and adversely affect our business, results of operations, cash flows and financial condition.

VII. A significant portion of our revenue is generated by General Trade and Modern Trade. 95.71%, 97.89%, 98.80% and 93.42% of our revenue for the period ended on September 30, 2025 and for the fiscal years ended on March 31, 2025, 2024 and 2023 is generated from these channels. Any disruption or loss of key trade partners could adversely impact on our financial performance.

VIII. A significant portion of our revenue is derived from the sale of Ground Spices, which accounted for 47.11%, 49.68%, 51.63% and 69.07% of our revenue from operations for the period ended on September 30, 2025 and for the fiscal years ended March 31, 2025, 2024, and 2023, respectively. If we are unable to anticipate or respond to changing consumer preferences, maintain consistent product quality, or if there is a decline in demand for these products, it could adversely impact our revenue and growth prospects.

X. Our strength of our brand is crucial to our success, and we may not succeed in continuing to maintain and develop our brand. Negative publicity, whether true or not, regarding our products' quality, variety, or pricing could harm our reputation and consumer trust. Even false claims or misbranding allegations could severely impact our brand value, potentially leading to a material adverse effect on our business, operations, and financial condition.

IX. Our strength of our brand is crucial to our success, and we may not succeed in continuing to maintain and develop our brand. Negative publicity, whether true or not, regarding our products' quality, variety, or pricing could harm our reputation and consumer trust. Even false claims or misbranding allegations could severely impact our brand value, potentially leading to a material adverse effect on our business, operations, and financial condition.

X. We may not be able to protect our intellectual property rights from infringement and it could have a material impact on our goodwill, business operations, financial condition and results of operations.

Note:

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b)(I) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBI ICDR Regulations, as amended, wherein Not More than 50.00% of the Net Issue was made available for allocation to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), provided that our Company in consultation with the BRIM have allocated 59.91% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one third was reserved for domestic mutual funds subject to valid bids received from domestic mutual funds on or above the Anchor Investor allocation price. Further, 49.80% of the Net QIB portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIB Bidders, including Mutual funds subject to valid Bids received on or above the Issue Price. Further, 15.06% of the Net Issue was allocated to Non-Institutional Investors out of which (a) one third of such portion was reserved for applicants with application size of more than Rs 2 lakh and up to such size of Rs.10 Lakhs; and (b) two-third of such portion shall be reserved for applicants with application size of more than Rs. 10 lakhs; provided that the unsubscribed portion in either of the sub-categories specified in clauses (a) or (b) above may be allocated to applicants in the other sub-category of Non-Institutional Investors; and 35.03% of the Net Issue was allocated to Individual Investors who applied for an application size in accordance with the SEBIICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential bidders (except Anchor Investors) were required to mandatorily utilise the Applications Supported by Blocked Amount ("ASBA") process by providing the details of their respective bank accounts (including UPI ID for RIBs using UPI mechanism), in which the corresponding Bid Amounts were blocked by SCSBs or Sponsor Bank, as applicable. For details, please refer chapter titled "Issue Procedure" beginning on page 333 of the Prospectus. The Investors are advised to refer to the Prospectus for the full text of the Disclaimer Clause pertaining to National Stock Exchange of India Limited. For the purpose of this Issue, the Designated Stock Exchange will be National Stock Exchange of India Limited. The trading has commenced on December 30, 2025.

The bidding for Anchor investors opened and closed on Friday, December 19, 2025. The company received 7 Anchor Investors applications for 21,46,000 Equity Shares. The Anchor Investor Allocation Price was finalized at Rs. 70/- per Equity Share. Such 7 Anchor Investors were allocated 15,60,000 Equity Shares at a price of Rs. 70/- per Equity Share under the Anchor Investor Portion, aggregating to Rs. 10,92,00,000.

The Issue (excluding Anchor Investor Portion) received applications for 3,63,36,64,000 Equity Shares (before rejections and after invalid bids Multiple / Duplicate) resulting in 912.24 times subscription (including reserved portion of market maker). The details of the applications received from various categories (before rejections) are as under:

The details of application received (Before rejections):

A summary of the final demand as per National Stock Exchange of India Limited as on the Bid/lssue closing date at different Bid Prices is as under:

Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited on December 26, 2025.

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off price or at or above the Issue Price of Rs. 70/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The Category was subscribed to the extent of 1126.37 times. The Total number of Equity Shares allotted in this category is 18,28,000 Equity Shares to 536 successful applicants. The category- wise details of the Basis of Allotment are as under:

The Basis of Allotment to Non-Institutional Investors, who have Bid at or above the Issue Price of Rs. 70/- per Equity Share was finalised in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 1134.28 times. The Total number of Equity Shares allotted in this category is 2,62,000 Equity Shares to 43 successful applicants. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to Non-Institutional Investors (more than Rs.10,00,000/-), who have Bid at or above the Issue Price of Rs. 70/- per Equity Share was finalised in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 1849.21 times. The Total number of Equity Shares allotted in this category is 5,24,000 Equity Shares to 87 successful applicants. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to Qualified Institutional Buyers, who have Bid at or above the Issue Price per Equity Share was finalised in consultation with NSE. The Category has been subscribed to the extent of 269.05 times. The Total number of Equity Shares allotted in this category is 992000 Equity Shares to 95 successful applicants. The category-wise details of the Basis of Allotment are as under:

Allotment to Market Maker, who have Bid at the Issue Price of Rs. 70/- per Equity Share was finalized in consultation with NSE. The Category has been subscribed to the extent of 1.00 times of Market Maker portion. The Total number of Equity Shares allotted in this category is 280000 Equity Shares to 1 successful applicant.

The Board of Directors of the Company at its meeting held on December 26, 2025 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has allotted the Equity Shares to various successful applicants. The Allotment Advice cum refund intimation will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been dispatched / mailed for unblocking of funds and transfer to the public issue account on or before December 29, 2025. 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 allocated to successful allottees shall be uploaded on or before December 29, 2025 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from Designated Stock Exchange viz. National Stock Exchange of India Limited and trading of the Equity Shares has commenced on December 30, 2025.

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at website: www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Bidder Serial number of the ASBA Form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the acknowledgement slip received from the Designated Intermediary and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED	HOLANI CONSULTANTS PRIVATE LIMITED
Office No, S6-2, 6 th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri (East), Mumbai - 400 093 India	401-405 & 416-418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur - 302016.
Tel: +91 022-6263 8200	Tel.: +91 0141-2203996
Email: ipo@bigshareonline.com	Email: ipo@holaniconsultants.co.in
Website: www.bigshareonline.com	Website: www.holaniconsultants.co.in
Contact Person: Mr. Vinayak Morbale	Contact Person: Mrs. Payal Jain
SEBI Registration Number: INR000001385	SEBI Registration No.: INM000012467
Investor Grievance E-mail: investor@bigshareonline.com	Investor Grievance E-mail: complaints.redressal@holaniconsultants.co.in

Disclaimer: Shyam Dhani Industries Limited has filed the Prospectus dated December 25, 2025 with Roc on December 26, 2025 and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of BRLM, Holani Consultants Private Limited at www.holaniconsultants.co.in. The investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Section titled "Risk Factors" on Page 32 of the Prospectus.

The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act"), and may not be offered or sold within 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 U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. There will be no public offering in the United States.