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06-06-2026 | 07:28 pm

Novartis India Limited

Inspire BKC

7th Floor, Bandra Kurla Complex Bandra East, Mumbai 400051

Maharashtra, India Tel +91 22 50243000

Website: www.novartis.in

CIN- L24200MH1947PLC006104

Email: india.investors@novartis.com

June 06, 2026

To,

The Secretary

BSE Limited,

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai - 400 001

Scrip Code - 500672

Sub.: Intimation of Newspaper Advertisement by Novartis India Limited (“the Company/ the Target

Company”) regarding the reasoned recommendations of the Committee of Independent Directors (“IDC”).

Dear Sir/ Madam,

Pursuant to Regulation 26(7) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011 (“SEBI

SAST Regulations”) & Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and

Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and, and with reference to the reasoned

recommendations of the IDC at its meeting held on June 04, 2026, in respect of the open offer by WaveRise

Investments Limited (“Acquirer 1”), ChrysCapital Fund X, the first scheme of ChrysCapital Trust I, a category II

alternative investment fund registered with SEBI (“Acquirer 2”) and Two Infinity Partners (“Acquirer 3”) (Acquirer 1,

Acquirer 2 and Acquirer 3, collectively referred to as the (“Acquirers”), along with ChrysCapital X, LLC (“PAC 1”) and

OceanEdge Investments Limited (“PAC 2”) (PAC 1 and PAC 2, collectively referred to as the “PACs”), to the public

shareholders of the Company.

The recommendation given by the Independent Directors Committee has been published on Saturday, June 06,

2026. Please find enclosed copies of the newspaper advertisements in the below-mentioned newspapers:

Newspaper Language Editions

Financial Express English All Editions

Jansatta Hindi All Editions

Navshakti Marathi Mumbai Edition

The above information is also available on the website of the Company at https://www.novartis.com/in-en/.

This is for your information and records.

Thanking You.

Yours sincerely,

For Novartis India Limited

Chandni Maru

Company Secretary and Compliance Officer

A60291

Encl.: as above

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