Ginnerup Capital Acquires 5.34% Stake in Shivalik Rasayan via Warrants

Ginnerup Capital ApS has acquired 399,990 fully convertible warrants in Shivalik Rasayan Limited, representing 5.34% of the diluted paid-up share capital. This acquisition, made through a preferential allotment on September 14, 2026, increases Ginnerup Capital's total holding to 906,540 shares, or 12.16% of the diluted share capital. The warrants are convertible into equity shares at a ratio of 1:1. This disclosure is made pursuant to Regulation 29(1) of SEBI SAST Regulations, 2011.