THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES 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.

GULF LLOYDS (INDIA) LIMITED

CORPORATE IDENTITY NUMBER: U74900GJ2014PLC080922

Our Company was originally incorporated as "Gulf Lloyads Industrial Services (India) Private Limited" as a private limited company under the provisions of the Companies Act, 2013 pursuant to a Certificate of Incorporation dated September 26, 2014, issued by the Assistant Registrar of Companies, Gujarat. Subsequently, the name of our company has been changed to Gulf Lloyds Industrial Services (India) Private Limited, Pursuant to a special resolution passed by the shareholders in their extraordinary general meeting held on October 11, 2014. Further, the name of our company has been changed to Gulf Lloyds (India) Private Limited, Pursuant to a special resolution passed by the shareholders in their extraordinary general meeting on September 10, 2024 thereafter our Company was converted into a public limited company in accordance with the provisions of the Companies Act, 2013, pursuant to a special resolution passed by the shareholders in their extraordinary general meeting held on December 30, 2024. A fresh Certificate of Incorporation consequent upon such conversion was issued by the Registrar of Companies, Central Processing Centre, on January 20, 2025, consequently the name of our Company was changed to "Gulf Lloyds (India) Limited" The Corporate Identification Number of our Company is U74900GJ2014PLC080922. For further details pertaining to the change of name of our Company and the change in Registered Office, please refer the chapter "History and Certain Corporate Matters" on page no. 134 of this Prospectus.

The Company undertakes assignments across multiple sectors, assessing whether the products, works, or processes meet prescribed quality and safety standards, technical specifications, and client requirements. Its services support the organizations of various sizes and industries in maintaining quality and safety compliance, controlling costs and operational efficiency.

As part of its inspection and certification activities, the Company evaluates compliance and documents, its findings in detailed reports submitted to clients for review and necessary action.

Our Company undertakes Third-Party Inspection assignments in India as well as overseas through contractual arrangements. Through such contracts, the Company provides inspection, verification services for projects located outside India. By leveraging its network of qualified inspectors and technical professionals, the Company is capable of executing assignments across multiple countries and supporting clients in meeting international quality, safety, and compliance standards and requirements. This enables the Company to extend its services globally and effectively cover projects across different regions of the world.

• Our Company is subject to periodic inspections and ongoing compliance requirements prescribed by NABCB, and any observations or changes in accreditation requirements may require corrective actions and could affect our operations.

• Dependence on Third-Party NABL Accredited Laboratory may affect our ability to execute certain assignments.

• We have executed a Banakhat (agreement to sell) for the proposed purchase of office premises as part of our business expansion plan. Any delay or failure in completing the execution and registration of the final sale deed within the stipulated time may adversely affect the implementation of our expansion plans and may consequently have an adverse impact on our business operations, profitability and reputation.

• The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these service providers may affect our business operations.

• Our revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.

• We are required to furnish bank guarantees for certain contracts, and any failure to provide or maintain such guarantees may adversely affect our ability to execute such contracts and may impact our financial condition.

• Our business depends significantly on the accuracy and reliability of inspection and testing results, and any error or deficiency in our inspection reports may expose us to reputational risks and potential liabilities.

• Our inspection and testing activities depend on the proper calibration and functioning of equipment and instruments, and any failure to maintain accurate calibration may affect the quality and reliability of our inspection services.

• We have experienced negative cash flows from operating activities in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect our results of operations and financial condition.

• Our business may be adversely affected by changes in industry standards, technical regulations or compliance requirements.

For details refer to chapter titled "Risk Factors" beginning on page 16 of the Prospectus.

1) Basic and Diluted Earnings Per Share (EPS)

Note. Basic and Diluted EPS = Net Profit (Loss) after tax as restated attributable to Equity Shareholders / weighted average no of equity shares outstanding during the year as per restated financials.

2) Price to Earnings (P/E) ratio in relation to Issue Price Rs. 100 per Equity Share of Rs. 10/- each fully paid up#

** There is no company in peer group with the Type of business with which the company is operating.

3) Return on Net worth (RoNW)

Return on Net Worth (RoNW) as per restated financial statements

Note: Return on Net worth has been calculated as per the following formula:

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

2) 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.

4) Net Asset Value (NAV)

(Rs. in Lakhs)

Note: Net Asset Value has been calculated as per the following formula:

5) Comparison with industry peers

There is no listed entity in the business in which our company is operating hence peer comparison is not given. Our company operates in the Services Sector, providing Inspection, Auditing, Certification, Testing, and Training, services across various industries and regions. Hence a strict comparison is not possible.

Key Performance Indicators ("KPIs")

Financial KPI of our Company

(Rs. in Lakhs)

As certified by the Statutory Auditor vide their certificate dated June 27, 2026 bearing UDIN: 26180786WYFLKQ8698

The Issue being made through the Fixed Issue Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBI ICDR (Issue of Capital and Disclosures Requirements) Regulations, 2018, the offer is being made for at least 25% of the post offer paid-up Equity Share Capital of our company. The issue is made under Regulation 229(1) of Chapter IX of the SEBI ICDR (Issue of Capital and Disclosures Requirements) Regulations, 2018 via fixed issue process. For further details, please refer chapter titled "Issue Procedure" beginning on page no. 256 of the Prospectus. The investors are advised to refer to the Prospectus for full text of the Disclaimer clause of the SME Platform of BSE Limited. For the purpose of this issue, the Designated Stock Exchange will be SME Platform of BSE Limited platform ("BSE SME"). The trading is proposed to commence on July 27, 2026*. *Subject to the listing and trading approval from SME PLATFORM OF BSE LIMITED ("BSE SME").

The Issue received 7,264 Applications for 18,786,000 Equity Shares (before technical rejections) resulting in 10.33 times subscription (including reserved portion of market maker). The details of the Applications received in the Issue from various categories are as under (After technical rejections):

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

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange, being BSE Limited on July 23, 2026.

1) Allotment to Individual Investors (After Technical Rejections)

The Basis of Allotment to the Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 100/- per Equity Share, was finalized in consultation with BSE Limited. The category has been subscribed to the extent of 10.80609 times. The total number of Equity Shares Allotted in this category is 1,497,600 Equity Shares to 624 successful applicants. The details of the Basis of Allotment of the said category are as under:

2) Allotment to Non-Institutional Investors- (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 100/- per Equity Share, was finalized in consultation with BSE Limited. The category has been subscribed to the extent of 10.90104 times. The total number of Equity Shares Allotted in this category is 230,400 Equity to 64 successful applicants. The details of the Basis of Allotment of the said category are as under:

- (One) lot of 3600 shares have been allocated to all the 8 Non-Allottees Applicants in Categories with ZERO/NO Allotment in the ratio of 1:4

3) Allocation to Market Maker (After Technical Rejections & Withdrawal):

The Basis of Allotment to Market Maker who have bid at Issue Price of Rs.100/- per Equity Shares or above, was finalized in consultation with BSE Limited. The category was subscribed 1.00 times the total number of shares allotted in this category is 91,200 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on July 23, 2026 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE EMERGE (BSE EMERGE) and has allotted the Equity Shares in dematerialized form to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched 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 on or before July 24, 2026. In case the same is not received within four working days, Investors may contact the Registrar to the issue at the address given below. The Equity Shares allocated to successful applicants shall be uploaded on or before July 24, 2026 or credit into the respective beneficiary accounts subject to validation of the account details with 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 July 27, 2026.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated July 13, 2026 ("Prospectus").

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, KFIN TECHNOLOGIES LIMITED at www.kfintech.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	KFIN TECHNOLOGIES LIMITED
	Address: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai, Maharashtra, India-400070
	Telephone: +91-40-67162222/18003094001
	E-mail: gulf.ipo@kfintech.com;
	Website: www.kfintech.com
	Investor Grievance ID: einward.ris@kfintech.com
	Contact Person: M. Murali Krishna
	SEBI Registration: INR000000221

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GULF LLOYDS (INDIA) LIMITED

Disclaimer: GULF LLOYDS (INDIA) LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad on June 13, 2026 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of SME platform of BSE ("BSE SME") at https://www.bseindia.com/markets/publicissues/displayipo?id=4686&type=FPO&idtype=1&status=L&IPONo=7832&startdt=20-07-2026 and is available on the websites of the LM at www.ifinservices.in. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the Prospectus including the section titled "Risk Factors" beginning on page 16 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act, 1933, as amended or any state securities laws in the United States, and unless so registered, 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 Securities Act, 1933 and in accordance with any applicable U.S. State Securities laws. The Equity Shares are being issued and sold outside the United States in 'offshore transactions' in reliance on Regulation 'S' under the Securities Act and the applicable laws of each jurisdiction where such issues and sales are made. There will be no public offering in the United States.