MosChip Technologies Limited has formally announced the scheduling of an Extra-Ordinary General Meeting (EGM) for May 12, 2026, along with comprehensive e-voting arrangements for shareholders. The company published newspaper advertisements on April 22, 2026, in Financial Express (English) and Nava Telangana (Telugu) to inform stakeholders about the upcoming meeting and voting procedures.

Meeting Details and Schedule

The EGM will be conducted on Tuesday, May 12, 2026 at 05:00 P.M. (IST) through Video Conference/Other Audio-Visual Means (VC/OAVM) facility, ensuring compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will proceed without physical presence of members at a common venue, following MCA Circulars including General Circular No. 09/2024 dated September 19, 2024.

E-Voting Schedule and Process

The company has established a comprehensive e-voting framework in partnership with KFin Technologies Limited. Remote e-voting will be available for shareholders during a specified window, allowing electronic participation in the decision-making process.

Shareholder Eligibility and Voting Rights

Shareholder voting rights will be determined based on equity shares held in the company's paid-up equity share capital as of the cut-off date of May 1, 2026. Only individuals recorded in the register of members or beneficial owners list maintained by depositories as of this date will be entitled to participate in the EGM and utilize e-voting facilities.

Members who cast votes through remote e-voting prior to the EGM may participate in the meeting but cannot vote again during the EGM. Conversely, members who do not vote remotely remain eligible to vote electronically during the meeting itself.

Documentation and Accessibility

The EGM notice has been distributed via email to shareholders whose addresses are registered with the company, Registrar and Share Transfer Agent, or respective Depository Participants. The notice is accessible on multiple platforms:

• Company website: www.moschip.com
• Stock exchanges: www.bseindia.com and www.nseindia.com
• KFin Technologies: www.evoting.kfintech.com

Contact Information and Support

For e-voting queries, shareholders can access help resources at www.evoting.kfintech.com or contact Mr. V Raghunath, Manager R/S, at evoting@kfintech.com . KFinTech's toll-free number 1-800-309-4001 is available for assistance, and the company's compliance officer can be reached at investor.relations@moschip.com .

Voting results will be declared within 2 working days from the EGM conclusion, with consolidated scrutinizer reports published on the company and stock exchange websites. The announcement was signed by CS Suresh Bachalakura, Company Secretary, from the company's Hyderabad office on April 20, 2026.

MosChip Technologies has received board approval for its strategic acquisition of a controlling 73% stake in Vayavya Labs Private Limited. The board meeting held on April 16, 2026, formally approved the ₹245.49 crore transaction under Regulation 30 of SEBI Listing Regulations, marking a significant milestone in the company's expansion strategy.

Board Meeting Outcomes and Transaction Structure

The board of directors approved a comprehensive acquisition framework comprising both cash and equity components. The hybrid payment structure includes ₹148.52 crores in cash and ₹96.97 crores through preferential share issuance to 67 investors/allottees.

Shareholder Approval and EGM Schedule

The board has scheduled an Extraordinary General Meeting (EGM) for May 12, 2026, to seek shareholder approval for the preferential issue of equity shares. The transaction requires multiple regulatory approvals, including in-principle approval from stock exchanges and Reserve Bank of India clearance. The board meeting commenced at 8:00 a.m. and concluded at 11:55 a.m.

Target Company Profile and Strategic Benefits

Vayavya Labs, incorporated on July 28, 2006 and headquartered in Belagavi, Karnataka, specializes in embedded systems, virtualization, and verification technologies. The company operates development centers in Bengaluru and Belagavi, with international presence in the United States, Europe, Israel, and Japan.

The target company has an issued and paid-up capital of ₹67.97 lakhs divided into 6,79,090 equity shares of ₹10 each. Vayavya Labs also has a wholly owned subsidiary, Vayavya Labs Inc, in California, USA, which will become a step-down subsidiary of MosChip post-acquisition.

Strategic Capabilities and Market Positioning

Vayavya Labs holds 9 granted patents and actively drives key industry standards in the Semiconductor and Automotive verticals. The company's core strength lies in its expertise in Hardware-Software Interface methodologies, digital twin solutions, and ADAS validation. Post-acquisition, MosChip will have an overall headcount of more than 2,000 employees across six strategic locations including Ahmedabad, Belagavi, Bengaluru, Hyderabad, Pune, and Silicon Valley.

Future Acquisition Plans and Business Impact

The acquisition strengthens MosChip's software-led engineering capabilities and supports top-line growth while enhancing EBITDA performance. Vayavya Labs' delivery model is characterized by a significant share of turnkey and fixed-price contracts, particularly in complex and long-duration engineering programs. The company has also executed a Shareholders' Agreement for acquiring the remaining 27% stake after March 31, 2028, with valuation linked to Vayavya Labs' business performance. The acquisition will be completed within 15 days of receiving all requisite approvals and shareholder consent.