MosChip Technologies Limited has issued a corrigendum dated May 07, 2026, to the notice of its 1st Extraordinary General Meeting (EGM) for FY 2026-27. The EGM is scheduled to be held on Tuesday, May 12, 2026, at 05:00 P.M. (IST) via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The corrigendum was necessitated by suggestions and comments received from the stock exchanges pertaining to certain points in the Explanatory Statement annexed to the original EGM Notice dated April 16, 2026, which was circulated to shareholders on April 20, 2026. All other contents of the original EGM Notice remain unchanged.

Key Agenda: Preferential Allotment of Equity Shares

The primary business before shareholders at the EGM is the approval for issuance of 50,50,686 equity shares of the Company on a preferential basis for consideration other than cash to the shareholders of Vayavya Labs Private Limited. The corrigendum addresses three specific areas of the EGM Notice: Point J (page 20), Point N (pages 21 & 22), and Annexure A (pages 26 & 27).

Amendments Made in the Corrigendum

Amendment 1: Point J — Subscription Intention by Key Personnel

The scope of Point J has been expanded to include Senior Management Personnel alongside Promoters, Directors, and Key Managerial Personnel. The revised text clarifies that none of the Promoters, Directors, Key Managerial Personnel, or Senior Management Personnel of the Company intends to subscribe to any of the equity shares proposed to be issued under the Preferential Issue.

Amendment 2: Point N — Updated List of Proposed Allottees

The list of proposed allottees has been revised to include the pre-preferential shareholding of Mr. Shivayogi M. Turmari. The updated allottee table, covering 67 proposed allottees, reflects a total post-preferential allotment of 50,50,686 shares representing 2.54% of post-issue capital. The following table presents the complete updated list of proposed allottees:

Amendment 3: Annexure A — Revised Pre & Post Shareholding Pattern

The pre and post shareholding pattern has been revised on a diluted basis to include 2,66,939 equity shares allotted to employees as on April 13, 2026, pursuant to the exercise of ESOP. The revised Annexure A is presented below:

Dispatch and Availability

The corrigendum was sent electronically on May 07, 2026, to all members whose email IDs are registered with Kfin Technologies Limited, the Registrar and Transfer Agents of the Company, or with the Depositories. The corrigendum is also available on the Company's website at www.moschip.com . The corrigendum was signed by CS Suresh Bachalakura, Company Secretary of MosChip Technologies Limited.

MosChip Technologies Limited has announced a significant strategic acquisition, with its board of directors approving the purchase of a 73% stake in Vayavya Labs Private Limited for ₹245.49 crores. The transaction, approved during a board meeting held on April 16, 2026, represents a major step in strengthening the company's software engineering capabilities and expanding its global footprint.

Board Meeting Outcome and Regulatory Compliance

The board meeting, which commenced at 8:00 a.m. and concluded at 11:55 a.m. on April 16, 2026, approved the comprehensive acquisition structure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE (Scrip code: 532407) and NSE (Scrip Symbol: MOSCHIP) about the transaction outcome.

Acquisition Structure and Financial Details

The acquisition follows a hybrid payment structure combining cash and equity components:

As part of the share swap arrangement, MosChip will issue 50,50,686 equity shares of face value ₹2 each at ₹192 per share to 67 selling shareholders of Vayavya Labs. The issue price has been determined in accordance with SEBI ICDR Regulations 2018.

Target Company Profile and Performance

Vayavya Labs Private Limited, incorporated on July 28, 2006 in Belagavi, Karnataka, operates in the semiconductors, consumer electronics, and automotive communication sectors. The company has demonstrated strong financial performance with consistent revenue growth:

Vayavya Labs specializes in embedded systems, virtualization, and verification technologies, with particular expertise in Hardware-Software Interface methodologies. The company serves global clients through development centers in Bengaluru and Belagavi, India, with presence in the United States, Europe, Israel, and Japan. It also operates a wholly-owned subsidiary, Vayavya Labs Inc, in California, USA.

Strategic Benefits and Business Impact

The acquisition is expected to deliver multiple strategic advantages for MosChip Technologies:

• Significantly strengthens software-led engineering capabilities
• Enhances top-line growth and EBITDA performance
• Enables progression up the value chain in Product Engineering Solutions
• Provides geographical expansion and business diversification opportunities

Vayavya Labs operates with a delivery model characterized by a significant share of turnkey and fixed-price contracts, particularly in complex and long-duration engineering programs. This approach strengthens customer retention, recurring revenue streams, and sustainable operating margins.

Regulatory Approvals and Timeline

The transaction requires several regulatory approvals including in-principle approval from stock exchanges, Reserve Bank of India approval, and other requisite regulatory clearances. The acquisition is expected to be completed within 15 days from receipt of all required approvals or shareholder approval for the preferential share issue, whichever is later.

Future Acquisition Plans

MosChip has also entered into a Shareholders' Agreement for acquiring the remaining 27% shareholding in Vayavya Labs after March 31, 2028. The valuation for this future acquisition will be linked to Vayavya Labs' business performance.

The company has scheduled an Extraordinary General Meeting on May 12, 2026, to seek shareholders' approval for the preferential issue of equity shares as part of the swap arrangement. This acquisition positions MosChip Technologies to leverage Vayavya Labs' proven track record and global presence to accelerate growth in the rapidly expanding semiconductor and automotive technology sectors.