THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSE ONLY AND 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

RIYAASAT LIFESTYLE LIMITED

Corporate Identity Number: U18100GJ2021PLC126637

Our Company was originally incorporated as "Company Limited by Shares" under the name "Riyaasat Lifestyle Limited", in accordance with the provisions of the Companies Act, 2013 and the Companies Act, 1956, vide Certificate of Incorporation dated October 23, 2021, issued by the Registrar of Companies, Central Registration Center, on October 23, 2021, with certificate of incorporation bearing CIN U18100GJ2021PLC126637 issued by Central Registration Centre. For details of change in the name and registered office of our Company, please refer to chapter titles "History and Certain Corporate Matters" beginning on page no 198 of the Prospectus.

We are an ethnic wear Company. We blend traditional craftsmanship with contemporary design majorly for men's and women's collections. One of our unique advantages lies in customization where not just sizes, but style, design, and embroidery can be tailored to each customer's preference, ensuring a perfect fit for every occasion. We are a one-stop destination for family attire, embracing the latest trend of matching outfits for all members, including kids. As trendsetters, we craft clothing that resonates with our customers' desires and exceeds their expectations. Every piece in our collection is meticulously crafted from the finest fabrics, ensuring a perfect balance of comfort and elegance. Our dedication to quality and precision has made our Company a favoured choice for those who seek to make a distinctive style statement. True to our name, 'Riyaasat' embodies heritage, luxury, and cultural richness, aligning with our vision of delivering grandeur and exclusivity to our discerning clientele. We maintain our presence at high street fashion in both offline and online mode of selling. Presently, our exclusive Stores ("Showrooms") are strategically located in Ahmedabad, Mumbai and Vadodara, with four such Stores across Ahmedabad, one in Mumbai and one in Vadodara. For further details on our property, kindly refer to the chapter "Our Business"/ Property section below on page 150 of the Prospectus.

• Our business primarily focuses on designing men's ethnic wear, making us more susceptible to shifts in demand and changes in consumer preferences. Any significant changes in market trends or customer behavior could affect our business, operational results, and financial condition.

• We design and manufacture ethnic wear in-house. However, in our production process, we engage third-party workers ("daily job workers") as and when need arises without entering into any exclusivity arrangements. Any inability to engage daily job workers or reduction in efficiency, quality or discontinuation on shorter notice of these daily job workers, could adversely impact our business, cash flows, results of operations, and financial condition.

• Our operations rely on third-party product providers and other vendors for manufacturing of our products. Any negligence in product or services provided by them, increase in costs of their product or services or failure to maintain strong relationships with them could disrupt our operations which ultimately could adversely affect the quality of our products, pricing, results of operations and financial condition. Further, we do not have long-term agreements with any of our product suppliers and other vendors.

• Our success is largely based on our strong presence and understanding of consumer preferences in the western region in India. As we expand into new regions, failure to replicate the same level of success due to differing tastes, demand, or other factors could adversely affect our brand goodwill and financial performance.

• Our brand, "Riyaasat," plays a critical role in our market positioning, and any adverse impact on its value could affect our collaborations with multi-brand stores and future growth prospects.

• There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against our Company in relation to the same, our business, financial condition and results of operations could be adversely affected.

• Any inability to maintain or failure in our quality control processes may damage our reputation, result in proceedings if the quality of our products does not meet our customers' expectations and adversely affect our business, results of operations and financial condition.

• Our business is highly dependent on seasonal demand, particularly during festive occasions and wedding seasons. This concentration may lead to fluctuations in revenue generation, with a significant portion of sales occurring during these occasions/seasons. As a result, we may experience irregular cash flow, which could impact the continuity of our business operations and have an adverse effect on our financial condition during non-peak periods.

• We use quality raw materials, positioning our product as high-end. If we are unable to source these materials at acceptable prices or pass the increased costs onto our customers, it could result in reduced production, financial losses, and negatively impact our profitability.

• We have experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.

1. Basic and Diluted Earning Per Share (EPS)

^Not Annualized

Notes:

1. The figures disclosed above are based on the restated financial statements of the Company.

2. Weighted average = Aggregate of year-wise weighted EPS divided by the aggregate of weights i.e., (EPS*Weight) for each year/Total of weights

2. Price to Earnings (P/E) ratio in relation to the Issue/Offer Price of Rs.106.00 per Equity Share of face value Rs.10/- each fully paid up

Note-The highest and lowest Industry P/E has been considered from the Industry Peer. The industry average has been calculate as the arithmetic average P/E of the Industry Peer.

3. Return on Net Worth (RoNW)

^Not Annualized

Note:

a) Return on Net Worth (%) = Net Profit after tax attributable to owners of the Company, as restated / Net worth as restated as at year end.

b) Weighted average = Aggregate of year-wise weighted RoNW divided by the aggregate of weights i.e. (RoNW x Weight) for each year/Total of weights

c) Net worth is aggregate value of the paid-up share capital of the Company and reserves and surplus, excluding revaluation reserves and attributable to equity holders.

4. Net Asset Value per Equity Share

* Calculated on the basis of 78,95,678 equity shares i.e., after giving effect of bonus shares in the ratio of 37:4

^Not Annualized

Note:

Net Asset Value has been calculated as per the following formula: NAV = Net worth excluding preference share capital and revaluation reserve/Outstanding number of Equity Shares during the year or period.

5. Comparison with industry peers:

o Considering the nature and turnover of business of the Company the peers are not strictly comparable. However, the same has been included for broader comparison.

o The figures for Riyaasat Lifestyle Limited are based on the restated financial statement for the year ended March 31, 2025.

o The figures for the peer group is based on standalone audited results for the Financial Year ended March 31, 2025.

o Current Market Price (CMP) is the closing price scrips as on April 20, 2026 except Riyaasat which is taken at Issue Price.

6. KEY PERFORMANCE INDICATORS ("KPIs")

Our company considers that KPIs included herein below have a bearing for arriving at the basis for Offer Price. The KPIs disclosed below have been approved by a resolution of our Audit Committee dated April 24, 2026. Further, the KPIs herein have been certified by M/s. Abhishek Kumar & Associates, Chartered Accountants (FRN: 130052W), by their certificate dated May 18, 2026 vide UDIN 26132305BBRNLO7184 which has been included as part of the "Material Contracts and Documents for Inspection" on page 392. Additionally, the Audit Committee on its meeting dated April 24, 2026, have confirmed that other than verified and audited KPIs set out below, our company has not disclosed to earlier investors at any point of time during the three years period prior to the date of the Prospectus.

Our Company confirms that it shall continue to disclose all the KPIs included in this section "Basis for Offer Price", on a periodic basis, at least once in a year (or for any lesser period as determined by the Board of our Company), for a duration that is at least the later of (i) one year after the listing date or period specified by SEBI; or (ii) till the utilization of the Net Proceeds. Any change in these KPIs, during the aforementioned period, will be explained by our Company as required under the SEBI ICDR Regulations.

Investors can refer to the below-mentioned Key Performance Indicators to make an assessment of our Company's performances and make an informed decision:

Financial KPIs of our Company:-

Notes:

(1) Revenue from operations is the total revenue generated by our Company.

(2) Growth in Revenue from Operations is (Current period revenue - Prior period revenue) / Prior period revenue.

(3) Gross Profit is Revenue from operation-cost of goods sold (i.e., cost of material consumed, stock in trade and change in inventory-Other Income)

(4) Gross Margin (%) is calculated as Gross Profit, divided by revenue from operations.

(5) EBITDA = Restated profit/ (loss) for the period/ year plus tax expense/(benefit) plus interest expense plus depreciation and amortization expense less Other Income.

(6) EBITDA Margin' is calculated as EBITDA divided by Revenue from Operations.

(7) EBITDA Growth Period on Period is (Current period EBITDA - Prior period EBITDA) / Prior period EBITDA.

(8) EBIT = Restated profit/ (loss) for the period/ year plus tax expense/(benefit) plus interest expense less Other Income.

(9) EBIT Margin is calculated as EBIT divided by Revenue from Operations.

(10) ROCE (Return on Capital Employed) (%) is calculated as EBIT divided by average capital employed. EBIT is calculated as EBITDA minus depreciation and amortization expenses Average Capital employed is calculated as an average of two years of net worth and total debt including lease liabilities.

(11) Current Ratio: Current Asset over Current Liabilities.

(12) Operating Cash Flow: Net cash inflow from operating activities.

(13) PAT is mentioned as PAT for the period.

(14) RoNW is calculated as Restated profit/ (loss) for the period/ year divided by shareholders' funds. (15) EPS is the earning per share for the period post bonus

This Issue is 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 229 of the SEBI (ICDR) Regulations, 2018 and in compliance with Regulation 253 of the SEBI (ICDR) Regulations, 2018, wherein 5% (not more than 50% of the Net Issue) was allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"). Further, 5% of the QIB Portion was available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. As the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion was added to the remaining QIB Portion for proportionate allocation to QIBs. Further, 35.70% (not less than 15% of the Net Issue) was available for allocation on a proportionate basis to Non-Institutional Bidders of which (a) one third of the Non-Institutional Portion was reserved for Bidders with an application size of more than two lots and upto such lots equivalent to not more than Rs. 10 lakhs and (b) two-thirds of the Non-Institutional Portion was reserved for Bidders with an application size exceeding Rs.10 lakhs provided under-subscription in either of these two sub-categories of Non-Institutional Portion was be allocated to Bidders in the other subcategory of Non-Institutional Portion and 59.24% (not less than 35% of the Net Issue) was available for allocation to Individual Investors who applied for minimum application size in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders, were required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of IIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts was blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to BSE. For the purpose of this Issue, the designated Stock Exchange is the BSE Limited. The trading is proposed to be commenced on or before July 01, 2026*

*Subject to the receipt of listing and trading approval from the BSE for the listing of shares on BSE SME.

The Issue received 325 applications for 37,36,800 Equity Shares (prior to valid rejections) resulting in 1.31 times subscription. The details of the applications received in the Issue from various categories are as under:

A summary of the final demand as per BSE as on the Bid/Issue Closing Date and as at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE Limited on June 29, 2026.

A. Allotment to Individual Investors (After Rejections) (including ASBA Applications) The Basis of Allotment to the Individual Investors, who have bid at the Cut-Off Price or at the Issue Price of Rs. 106.00 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.00 times. The total number of Equity Shares Allotted in this category is 6,72,000 Equity Shares to 280 successful Individual Investors. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Non-Institutional Investors (more than Rs.2 Lakhs Up to Rs.10 lakhs), who have bid at the Issue Price of Rs. 106.00 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.00 times. The total number of Equity Shares allotted in this category is 50,400 Equity Shares to 13 successful applicants. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Non-Institutional Investors (above Rs.10 lakhs), who have bid at the Issue Price of Rs. 106.00 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.00 times. The total number of Equity Shares allotted in this category is 32,400 Equity Shares to 2 successful applicants. The category-wise details of the Basis of Allotment are as under:

Allotment to QIBs, who have Bid at the Issue Price of Rs. 106.00 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 1.43 times of QIB Portion. The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to Market Maker who have bid at issue price Rs. 106.00 per Equity Shares was finalized in consultation with BSE Limited. The category was subscribed 1.00 time for 1,46,400 Equity Shares. The total number of shares allotted in this category is 1,46,400 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of our Company at its meeting held on June 29, 2026 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, BSE Limited and has allotted the Equity Shares to various successful Applicants. The Allotment Advice-cum-Refund Intimations and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on 29th June 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 30th June 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 on June 30, 2029. The Company is in the process of obtaining the listing and trading approval from BSE and the trading of the Equity Shares is expected to commence on July 01, 2026.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus dated June 29, 2026.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/sole Applicants, Application Form number, Applicants DP ID, Client ID, PAN, date of submission of Application Form, address of the, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Application Form was submitted by the Applicant and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

Skyline Financial Services Private Limited

Address: D-153A, First Floor, Okhla Industrial Area, Phase-I, New Delhi 110020

Fax: 011-26812683

Telephone: 011-40450193-197

Email: ipo@skylinerta.com

Investors Grievance Email Id: grievances@skylinerta.com

Website: https://www.skylinerta.com/

Contact Person: Anuj Rana

SEBI Registration No: INR000003241

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RIYAASAT LIFESTYLE LIMITED.

Disclaimer : RIYAASAT LIFESTYLE LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the Prospectus with RoC, SEBI and the Stock Exchanges on June 29, 2026. The Prospectus is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchange i.e. BSE at www.bseindia.com, respectively, on the website of the Company at www.riyaasat.in and on the website of the BRLM, i.e. Mark Corporate Advisors Private Limited at smeipo@markcorporateadvisors.com. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see 'Risk Factors' on page 21 of the Prospectus. The Equity Shares have not and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), or any state securities laws of the United States and, unless so registered, 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 state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in "offshore transactions" as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.