Novartis India Ltd — Important, 06-03-2026: Company Update

Novartis India has informed shareholders it received the Draft Letter of Offer from Axis Capital Limited, the manager for the ongoing open offer. This open offer is being made by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners, along with persons acting in concert. Receiving this document is a crucial procedural step, indicating progress towards the formalization and execution of the open offer for the company's shares.