5150552026-07-225150552026-07-222026-07-225150552026-07-222026-07-22DemergedEntityDomain15150552026-07-22DemergedEntityDomain15150552026-07-222026-07-22DemergedEntityDomain25150552026-07-22DemergedEntityDomain2iso4217:INRxbrli:purexbrli:shares515055ANANT RAJ LIMITEDANANTRAJNOTLISTEDINE242C01024NewDe-mergertrue2026-07-2118:15:002026-07-22The Demerged Undertaking (as defined in the Composite Scheme) means the business of operating the Data Center Business of ARL and ARCPL as on the Appointed Date, and comprises the assets, liabilities, properties, rights, obligations, contracts and operations relating to or pertaining to the conduct of the Data Center Business of ARL and ARCPL, on a going concern basis. The Demerged Undertaking includes all assets, liabilities, business and operations that formed part of the undertaking of ARCPL and have been transferred to and vested in ARL pursuant to Part II of the Composite Scheme.Anant Raj Limited ("Amalgamated Company" or "Demerged Company" / "ARL")DemergedListed Entity (self)14590000000.08962066578230.57421532191070.42580035987693012066578230.57421532191070.4258003598769301Ashok Cloud Private Limited ("Resultant Company"/ "ACPL")ResultingSubsidiary003745725531000037457255315812303760.79141532191070.2086007344494831Shares1:1Upon this Scheme becoming effective and in consideration of the demerger of the transfer and vesting of the Demerged Undertaking from the Demerged Company to the Resultant Company in terms of this Scheme, the Resultant Company shall, without further application, act or deed, issue and allot the Resultant Company Demerger Shares, credited as fully paid-up, to the Eligible Members in the following manner: “1 (One) fully paid-up equity share of face value of INR 2/- (Rupees Two) each of the Resultant Company for every 1 (One) fully paid-up equity share of face value of INR 2/- (Rupees Two) each held in the Demerged Company.” Further, the allotment of the Resultant Company Demerger Shares shall not result in the extinguishment or cancellation of the existing shareholding held by ARL in ACPL, and ACPL shall continue to be a subsidiary of ARL following the Composite Scheme.Rationale for the Composite Transaction: 1. The Anant Raj Limited presently operates two distinct business verticals, namely: (i) a real estate business; and (ii) a data centre and cloud services business (“Data Centre Business”). The Data Centre Business is presently conducted through ARL and ARCPL, with various assets, employees, investments and business operations pertaining to the Data Centre Business being housed across both entities. 2. The Data Centre Business has evolved significantly over the years and is well poised to chart its own growth path and operate as a separate listed entity focused on the rapidly growing Data Centre Business whilst continuing to leverage ARL’s institutional strengths, strong brand equity and goodwill. Therefore, the Scheme is being proposed with the objective of consolidating the entire Data Centre Business within a single dedicated corporate entity and facilitating the creation of two dedicated listed companies focused on separate business verticals. 3. Accordingly, the Scheme provides for: (i) the amalgamation of ARCPL with and into ARL; and thereafter (ii) the demerger of the Data Centre Business from ARL into Ashok Cloud, resulting in the consolidation of the Data Centre Business in Ashok Cloud and the segregation of the same from ARL’s real estate business. 4. The Scheme is expected to result in, inter-alia, the following benefits and advantages for the Parties and their respective stakeholders: (i) the segregation of the Data Centre Business into a separately listed company would facilitate independent market recognition and valuation of the Data Centre Business, having regard to its distinct operating profile, growth trajectory, risk-return characteristics and funding requirements; (ii) the existing shareholders of ARL shall receive shares in Ashok Cloud (ACPL) pursuant to the demerger, thereby enabling them to directly participate in the future growth and value creation potential of the Data Centre business through a dedicated and focused listed entity, while benefiting from independent market-driven valuation and recognition of the Data Centre Business following the listing of Ashok Cloud pursuant to the Scheme; (iii) consolidation of the Data Centre Business, resulting in a simpler ownership structure, streamlined operations and cancellation or rationalization of intra-group arrangements; (iv) the separation of the Data Centre Business into a distinct legal entity will enable Ashok Cloud to effectively attract sector specific resources for its growth requirements and pursue strategic investments, partnerships, thereby unlocking greater value for its shareholders; (v) the Scheme will enable dedicated management focus and decision-making for each business vertical, allowing the management teams of ARL and Ashok Cloud to pursue business strategies and growth initiatives tailored to their respective operational and market requirements. The Scheme shall be beneficial, advantageous and not prejudicial to the interests of the shareholders, creditors and other stakeholders of the Parties, and is in compliance with Applicable Laws including the Act.• There will be no change in the shareholding pattern of the Demerged Company pursuant to the effectiveness of the Scheme. • Further, for Brief details of change in shareholding of the Resultant Company, kindly refer the outcome of Board Meeting of Demerged Company held on July 21, 2026. trueThis is a Composite Scheme of Arrangement amongst Anant Raj Limited ("Amalgamated Company"/"Demerged Company"), Anant Raj Cloud Private Limited ("Amalgamating Company") and Ashok Cloud Private Limited ("Resultant Company") and their respective shareholders and creditors. The information provided herein pertains only to Part III of the Composite Scheme, being the demerger of the Demerged Undertaking from Anant Raj Limited into Ashok Cloud Private Limited. The details relating to Part II of the Composite Scheme, being the amalgamation of Anant Raj Cloud Private Limited with Anant Raj Limited, have been disclosed separately through a distinct XBRL filing due to the limitations of the XBRL filing system. Accordingly, both the disclosures should be read together and in continuity.