Ester Industries Promoter Group Share Transfer via Gift

Ester Industries Limited has received an intimation from Mr. Ayush Vardhan Singhania, part of the Promoter Group, regarding the proposed acquisition of 3,797,468 equity shares (3.64% voting rights) from his father, Mr. Arvind Singhania, also a Promoter. This transfer is to be executed as a gift, falling under inter-se transfer exemptions from open offer requirements as per SEBI (SAST) Regulations, 2011. The acquisition is expected to occur after 4 working days from the intimation date. This transaction will increase Mr. Ayush Vardhan Singhania's stake in the company.