Galax Minerals Private Limited, along with persons acting in concert, has declared that they have not made any encumbrance on shares held in Indiabulls Limited (the Target Company) during the financial year 2025-26. As of March 31, 2026, the aggregate holding of the Promoter Group in Indiabulls Limited amounted to 7,64,39,415 fully paid-up equity shares, representing 32.88% of the paid-up equity share capital. This stake was confirmed to be free of any encumbrance. This declaration has been made in accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A copy of this declaration is also being simultaneously submitted to the Audit Committee of the Board of Indiabulls Limited, as prescribed under Regulation 31(5)(b) of the Regulations.
