Basis of Allotment

wpe497.jpg (3635 bytes) THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA
GOLDLINE PHARMACEUTICAL LIMITED

Goldline Pharmaceutical Limited (the "Issuer" or our 'Company') was incorporated on August 02, 2004 as 'Goldline Pharmaceutical Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 02, 2004 issued by the Registrar of Companies, Maharashtra at Mumbai. Further, our Company was converted into a public limited company pursuant to a resolution passed by the Shareholders in an extraordinary general meeting held on July 18, 2013 and consequently the name of our Company was changed to 'Goldline Pharmaceutical Limited' and a fresh certificate of incorporation dated September 23,2013 was issued by the Registrar of Companies, Maharashtra at Mumbai. The corporate identity number of our Company is U51397MH2004PLC147806. For details of change in Registered Office of our Company, please refer to the chapter titled "History and Certain Corporate Matters" on page 173 of the Prospectus.

Registered Office: 103, F-1, Leela Apartment, Shilpa HSG Society, Near Saptagiri Nagar, Shanidham, Narendra Nagar. Nagpur - 440 015, Maharashtra, India;
Telephone No: +91 712 278 6666, Website: www.goldlinepharma.in; E-Mail: info@gpldlinepharma.in; Contact Person: Ruchi Sanket Modi, Company Secretary & Compliance Officer;
Promoters of our Company: Amol Laxmikant Mujumdar and Swapan Premprakash Khandelwal
PROMOTERS OF THE COMPANY: AMOL LAXMIKANT MUJUMDAR AND SWAPAN PREMPRAKASH KHANDELWAL

THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBI ICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF BSE LIMITED ("BSE SME")

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 27,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF GOLDLINE PHARMACEUTICAL LIMITED ("ISSUER" OR "THE "COMPANY") AT AN ISSUE PRICE OF RS. 43/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 33/- PER EQUITY SHARE) FOR CASH, AGGREGATING TO RS. 1161.00 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 1.38.000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH, AT AN ISSUE PRICE OF RS. 43/- PER EQUITY SHARE FOR CASH, AGGREGATING RS. 59.34 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BYTHE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION '). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,62,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH. AT AN ISSUE PRICE OF RS. 43/- PER EQUITY SHARE FOR CASH, AGGREGATING RS. 59.34 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BYTHE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION '). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25.62.000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH. AT AN ISSUE PRICE OF RS. 43/- PER EQUITY SHARE FOR CASH, AGGREGATING UP TO RS. 1101.66 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 28.13% AND 26.69% RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 EACH AND THE ISSUE PRICE IS RS. 43/-
ANCHOR INVESTOR ISSUE PRICE: RS. 43/- PER EQUITY SHARE
THE ISSUE PRICE IS 4.3 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE PERIOD BID/ ISSUE OPENED ON: TUESDAY, MAY 12, 2026
BID/ ISSUE CLOSED ON: THURSDAY, MAY 14, 2026
Commencement of Trading of Equity Shares on the Stock Exchanges/Listing Date (T + 3 Days) ON OR ABOUT, TUESDAY MAY 19, 2026*

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

RISKS TO INVESTORS

1, We rely entirely on third-party contract manufacturers for the manufacturing of our pharmaceutical products, and any failure or inability of such manufacturers to meet quality, regulatory, delivery or capacity requirements could adversely affect our business, results of operations and financial condition.

2 The Company has experienced delays in filing e-forms with the Registrar of Companies (RoC) in the past, resulting in the payment of late fees. Further, there have also been instances of erroneous filings made by our Company, in the past. While no regulatory actions or penalties have been imposed to date except below mentioned, there is no assurance that such actions will not be levied in the future. The Company cannot guarantee that similar delays will not occur in the future, and if regulatory authorities impose penalties or take punitive actions against the Company or its directors/officers, It could negatively affect the Company's business and financial condition.

3. Our commercial success is largely dependent upon our ability to analyse the market of new pharmaceutical products, failure of which may have an adverse impact on our revenue and profitability.

4. There have been instances of delays in payment of statutory dues, i.e. GST by the Company. In case of any delay in payment of statutory due in future by our Company, the Regulatory Authorities may impose monetary penalties on us or take certain punitive actions against our Company in relation to the same which may have adverse impact on our business, financial condition and results of operations.

5. We depend on our distributors for a significant portion of our revenue, and any decrease in revenues or sales from any one of our key intermediaries may adversely affect our business and results of operations. Our Company has a distribution network of 8 distributors and is dependent on these distributors for a significant portion of its revenue If we are unable to maintain our relationship with such customers or if there is a reduction in their demand for our products, our business, results of operations and financial condition will be materially and adversely affected.

A. Cumulative Capital Private Limited has handled 6 public issues in the past three years and none of the issues closed below the issue price on listing date.

Name of BRLM Number of Issues handled Issue closed below Issue price on listing date
Mainboard SME Platform Mainboard SME Platform
Cumulative Capital Private Limited - 6 - -

B. The average cost of acquisition per equity share by our Promoter is set forth in the table below:

Name of the Promoters No. of Shares held Average cost of Acquisition (in Rs.)"
Amol Laxmikant Mujumdar 27,49,988 0
Swapan Premprakash Khandetwal 27,49,988 5.91

As certified by Mis. B Shroll & Co, Chartered Accountants, by way of their certificate dated May 04, 2026

C. Weighted Average Cost of Acquisition for all the Equity Shares transacted in one year, eighteen months and three years preceding the date of the Prospectus by all the shareholders:

Period Weighted Average Cost of Acquisition (in Rs.)* Upper end of the price band (Rs. 43 is 'X' times the Weighted Average Cost of Acquisition) Range of acquisition price: Lowest price - Highest price (in Rs.)
Last 1 year 0 0 0
Last 18 months 0 0 0
Last 3 years 0.92 46.74 0-15

# As certified by M/s. B Shroll & Co, Chartered Accountants, by way of their certificate dated May 04, 2026.

D. The Price/Earnings ratio based on diluted EPS for fiscal 2025 for our Company at the upper end of the price band (i.e. 43 per Equity share) is 10.49 times.

E Weighted Average Return on Net Worth for fiscals 2025, 2024 and 2023 is 22.06%.

F. Weighted average cost of acquisition compared to floor price and cap price:

Types of transactions Weighted average cost of acquisition (Rs. per Equity Share) Floor price (i.e. Rs. 41) Cap price (i.e.Rs. 43)
Weighted average cost of acquisition of primary / new issue as per paragraph 8(a) above. NA NA NA
Weighted average cost of acquisition for secondary sale /acquisition as per paragraph 8(b) above 55.00 0.75 0.78
PROPOSED LISTING: TUESDAY, MAY 19, 2026*
* Subject to the receipt of listing and trading approval from BSE SME

This Issue was 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 and in compliance with Regulation 253 (1) and 253 (2) of the SEBI ICDR Regulations read with SEBI ICDR (Amendment) Regulations, 2025, wherein not more than 50.00% of the Net Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), our Company. In consultation with the Book Running Lead Manager, allocated 57.55% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), 33.33% of the Anchor Investor Portion was reserved for domestic Mutual Funds and 6.67% for Life Insurance Companies and Pension Funds (aggregating to 40%), subject to valid Bids having been received from them at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations, in the event of under subscription in the Life Insurance Companies and Pension Funds portion, the same may be allocated to domestic Mutual Funds. Further, 5.00% of the Net QIB Portion was made available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net DIB Portion was made 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. However, if the aggregate demand from Mutual Funds is less than 5.00% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion has been added to the remaining Net QIB Portion for proportionate allocation to QIBs Further, the SEBI ICDR Regulations 2018, stales that not less than 35% of the Net Issue was made available for allocation to Individual Investors who applies for minimum application size. Not less than 15% of the Net Issue was made available for allocation to Non-Institutional Investors of which one-third of the Non-Institutional Portion was available for allocation to Bidders with an application size of more than two lots and up to such lots as equivalent to not more than Rs. 10.00 Lakhs and two-thirds of the Non-Institutional Portion was made available for allocation to Bidders with an application size of more than 110.00 Lakhs and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders In the other sub-category of Non-Institutional Portion, Subject to the availability of shares in non-Institutional investors' category, the allotment to each Non-Institutional Investors shall not be less than the minimum application size in Non-Institutional Category and the remaining available Equity Shares, If any, shall be allocated on a proportionate basis in accordance with the conditions specified in this regard in Schedule XIII of the SEBI (ICDR) Regulations, 2018, All Potential Bidders, other than Anchor Investors, were required to participate in the Issue by mandatory utilising the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts were blocked by the Sell-Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate In the Issue through the ASBA process For details, see "Issue Procedure" beginning on page 292 of the Prospectus.

The Equity Shares offered through the Prospectus are proposed to be listed on SME Platform of BSE Limited ("BSE SME") in terms of Chapter IX of the Securities and Exchange Board of India {Issue of Capital and Disclosure Requirements) Regulations, 2018 (the "SEBI (ICDR) regulations"), as amended read with rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended. Our Company has received In Principle approval letter dated January 13, 2026 from BSE Limited ('BSE") for using its name in the Issue Document for listing of our shares on SME Platform of BSE. It is to be distinctly understood that the permission given by BSE should not m any way be deemed of construed that the contents of the issue Document or the price at which the equity shares are offered has been cleared, solicited or approved by BSE nor does it certify the correctness, accuracy or completeness of any of the contents of the Issue Document. 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 will be SME Platform of BSE Limited CBSE"). The trading is proposed to commence on May 19, 2026*.

"Subject to the listing and trading approval from SME Platform of BSE Limited.

All applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs") or through UPI Mechanism.

The bidding for Anchor Investors was opened and closed on Monday. May 11, 2026. The Company received 2 Anchor Investor Application for 9,36,000 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 43/- per equity share. A total of 7,32,000 Equity Shares were allocated under the Anchor Investor Portion, aggregating to Rs. 3,14,76,000.

The Issue has received 1,67,340 valid applications (before rejections & withdrawal) for 15,49,194,000 equity shares, excluding Anchor Investors, reselling in subscription of 787.19 times (including reserved portion of Market Maker), The details of the applications received in the Offer from various categories are as under:

Sr. No Category No. of application No. of shares No. of Equity Shares Available for allocation as per prospectus No. of times subscription Amount
1. Market maker 1 1,38,000 1.38.000 1 59,34,000
2. QIB (excluding Anchor Investor Portion) 67 96,993,000 5,40,000 179.62 23,220,000
3. Non-Institutional Investors 1 (More man 2 lots to 1,000,000/-) 13,662 13,253,1000 1,32,000 1012.67 5,54,7000
4, Non-Institutional investors 2 (More than 1,000,000/-) 20,520 5,20,992,000 2,58,000 1986.59 11,223,000
5. Individual Investor 1,33,090 7,98,540,000 9,00,000 874.20 38,700,000
TOTAL 1,67,340 15,49,194,000 19,68,000 - 84,62,4000

Final Demand: The summary of final demand as per BSE as on Bid closing date al different bid prices are provided below:

Sr No. PRICE NO OF APPLICATION SUM QUANTITY CUMULATIVE SHARE PERCENTAGE
1. 41.00 582 36,84.000 17,24,763,000 0.2136
2 42.00 323 22,77,000 1,72,107,9000 0.1320
3. 43.00 1,94,773 17,18,802,000 17,18,802,000 99.6544
TOTAL 1,95,678 17,24,763,000 100.0000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE SME on Friday, May 15, 2026.

A. Allocation to Market Maker (After Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 43/- per Equity Share, was finalized In consultation with BRLM and Stock Exchange The category was subscribed by 1.00 time. The total number of shares allotted In this category is 1,38,000 Equity shares. The details of the Basis of Allotment of the said category are as under:

No. of Shares applied Number of applications received %to total Total No. of Shares applied %to total Ratio of allottees to applicants Number of Successful applicants (after rounding oft) % to total Total No. of Shares allocated/allotted % to total
1,38,000 1 100.00 1,38,000 100.00 1:1 1 100.00 1,38,000 100.00
Total 1 100.00 1,38,000 100.00 1 100.00 1,38,000 100.00

B. Allocation to Individual Investors (After Rejections & Withdrawal): The Basis of Allotment to the Individual Investors, at the Issue price of Rs. 43/- per Equity Share, was finalized in consultation with BRLM and Stock Exchange. The category was subscribed 874.20 times i.e. for 9,00,000 Equity Shares. The total number of shares allotted in this category Rs. 9,00,000 Equity Shares to 150 successful applicants The details of the Basis of Allotment of the said category are as under

Sr. No. No. of Shares applied Category wise No. of Applications Received %of Total Total No. of Equity Shares Applied %to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1 6000 131130 100 00 786780000 100.00 6000 1:874 9,00,000
TOTAL 131130 100.00 786780000 100.00 6000 1:874 9,00.000

C. Allocation to Nil category (More than 2 lots to 1.000,000/-) (After Rejections & Withdrawal): The Basis of Allotment to Nil category (More than 2 tots to 1,000,000/-), at the Issue price of 143/- per Equity Share, was finalized in consultation with BR LM and Stock Exchange. The category was subscribed by 1012.67 times i.e. application received for 1,30,635,000 equity shares & the total number of shares allotted In this category is 1,29,000 Equity Shares to 14 successful applicants. The details of the Basis of Allotment of the said category are as under:

Sr. No, No. of Shares applied Category wise No. of Applications Received %of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1 9000 12024 89.27 1,08,216.000 82.84 9000 13:12024 1,17,000
2 12000 637 4.73 76,44,000 5.85 9000 1:637 9000
3 15000 261 1.94 39,15,000 3.00 9000 - 0
4 18000 216 1.60 38,88,000 2.98 9000 - 0
5 21000 332 2.46 69,72,000 5.34 9000 - 0
3000 Additional share v/ill be allotted to successful allotees from Sr no. 2 to 2 = 3000 shares in ratio of 1:1 1:1 3000
TOTAL 13470 100.00 130635000 100.00 1,29,000

D. Allocation to Nil category (above Rs. 1,000,000/-) (After Rejections & Withdrawal): The Basis of Allotment to Nil category (above Rs. 1,000,000/-), at the Issue Price of Rs. 43/- per Equity Share, was finalized in consultation with BRLM and Stock Exchange. The category was subscribed 1986.59 times i.e. application received for 5,18,499,000 equity shares & the total number of shares allotted in this category is 2,61,000 Equity Shares to 29 successful applicants. The details of the Basis of Allotment of the said category are as under (on sample basis):

Sr No. No. of Shares applied Category wise No. of Applications Received %of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares Allotted
1. 24000 19209 94.08 461016000 88.91 243000 27:19209 243000
2. 27000 389 1.91 10503000 2.03 9000 1:389 9000
3. 30000 245 1 20 7350000 1.42 0 0
4. 33000 71 0.35 2343000 0.45 0 - 0
5. 36000 77 0 38 2772000 0.53 0 0
6 39000 39 0 19 1521000 029 0 0
7. 42000 36 0.18 1512000 0.29 0 - 0
8 45000 29 0.14 1305000 0.25 0 0
9. 48000 96 0.47 4608000 0.89 0 - 0
10 51000 21 0.10 1071000 0.21 0 9 0
9000 share will be allotted to unsuccessful allotees from Sr no 3 to 59 = 9000 shares In ratio of 1:821 1:821 9000
TOTAL 20.419 100.00 51,8499.000 100.00

E. Allocation to QIBs Category- Mutual Fund and other (Excluding Anchor Investor) (Alter Rejections & Withdrawal): The Basis of Allotment to the Qualified Institutional Buyers (Excluding Anchor Investor), at the issue price of Rs. 43(/- per Equity Share, was finalized in consultation with BRLM The category received 67 applications for 96.993,000 Equity Shares, The total number of shares allotted in this category is 5,40,000 Equity Shares to 56 successful applicants. The details of the Basis of Allotment of the said category are as under:

Category FI'S/BANKS MF'S IC'S NBFC'S AIF FPC VC's TOTAL
QIB 9000 - - 54,000 3,48.000 1,29,000 - 5,40,000

F. Allocation to Anchor Investor (After Rejection): The Company In consultation with BRIM allotted 7.32,000 Equity Shares to 2 (two) Anchor Investors at an Issue Pi ice of ? 43A per share In accordance with SEBI (ICDR) Regulations. 2018. The details of the Basts of Allotment of the said category are as under

Category FI'S/BANK'S MF'S VCF NBFCs AJF FPI Others TOTAL
Anchor - - - 366000 366000 - 7,32,000

The- Board of Directors of our Company at its meeting held on May 15, 2026 has taken on record the basis of allotment of Equity Share s approved by the designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants The Allotment Advice Cum Refund Intimation have been mailed to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public issue Account an or before May 18, 2026. In case the same is not received within ten days, investors may contact the Registrar to the issue al the address given below, the Equity Shares allotted lo the successful allottees have been uploaded on May 18, 2026 far 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 BSE and the trading of the Equity Shares Is expected to commence trading on May 19, 2026*

*Subject to the listing and trading approval from SME Platform of BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to thorn in the Prospectus dated May 14, 2026 filed with the Registrar of Companies, Nagpur, Maharashtra

INVESTORS, PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at ipo@bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sale applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged am) payment details a1 the address of the Registrar given below;

wpe498.jpg (1461 bytes) Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400 093, Maharashtra, India.
Telephone: +91 22 6263 8200 ; Facsimile: +91 22 6263 8299 ; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Ganesh Shinde; SEBI Registration Number: INR000001385
For Goldline Pharmaceutical Limited
On Behalf of the Board of Directors
Sd/-
AMOL LAXMIKANT MUJUMOAR
Place: Nagpur Managing Director
Dale: May 19, 2026 DIN: 01910549

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 GOLDLINE PHARMACEUTICAL LIMITED.

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

Disclaimer: Goldline Pharmaceutical Limited has filed the Prospectus with ROC on May 14, 2026, and thereafter with SEBI and Stock Exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in and website of BRLM, Cumulative Capital Private Limited at www.cumulativecapital.group. Investors should note that Investment in Equity Shares involve a high degree of risk and for details relating to the same, please see "Risk Factor" beginning on page 16 of the Prospectus.

The Equity Shares have not been and will not be registered under U.S. Securities Act of 1993, as amended ("the Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within united states, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in 'offshore transaction' in reliance on Regulations under Securities Act and applicable laws of each jurisdiction where such offers and sales were made. There will be no public offering in the United States.