Sat Kartar Life Limited (formerly known as Sat Kartar Shopping Limited) has received in-principle approval from the National Stock Exchange of India Limited (NSE) for the issuance of equity shares pursuant to the conversion of warrants through a preferential issue. The approval was communicated vide NSE letter bearing Ref. No. NSE/LIST/54702 dated May 08, 2026, under Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had submitted its application to NSE on April 21, 2026, seeking this approval.

Details of the Approved Share Issuance

The in-principle approval covers two tranches of equity shares to be allotted upon conversion of warrants issued through a preferential issue. The key details of the approved issuance are as follows:

Conditions Attached to the Approval

The NSE has granted the in-principle approval subject to the company fulfilling a set of regulatory and procedural conditions. These conditions must be met before the final listing of the shares is permitted.

• Filing the listing application at the earliest from the date of allotment
• Receipt of statutory and other approvals, and compliance with guidelines and regulations issued by statutory authorities including SEBI, RBI, and MCA
• Compliance with all applicable guidelines, regulations, and directions of the Exchange or any statutory authorities as on the date of the listing application
• Compliance with all conditions as per the SEBI (LODR) Regulations, 2015, Companies Act, 1956/Companies Act, 2013, and other applicable laws
• Submission of documents as may be required by NSE and payment of applicable fees

Internal Controls and Allottee Compliance Advisory

The NSE has also advised the company to strengthen internal controls to monitor trades executed by the proposed allottees in the company's scrip prior to allotment. Specifically, the exchange has directed the company to obtain an undertaking from the allottee(s) confirming that they shall not engage in intra-day trading or any sale in the company's scrip until the allotment date, as required under SEBI (ICDR) Regulations. The responsibility and onus to verify and ensure such compliance, including adherence to Regulation 167(6) of SEBI ICDR Regulations, 2018, rests solely with the issuer company. The NSE has further noted that any non-compliances observed post the undertaking and verification by the issuer company may impact the listing of such shares.

Exchange's Right of Withdrawal

The NSE has explicitly reserved its right to withdraw the in-principle approval at a later stage if the information submitted to the exchange is found to be incomplete, incorrect, misleading, or false, or if it is in contravention of any Rules, Bye-laws, and Regulations of the Exchange, SEBI (LODR) Regulations, 2015, or guidelines and regulations issued by statutory authorities. The company has been advised that this approval does not constitute approval under any other Act, Regulation, rule, or bye-laws, and that separate approvals from concerned departments of the exchange must be sought wherever applicable. The disclosure was signed by Sonal Seth, Company Secretary and Compliance Officer, on May 09, 2026, from New Delhi.

Sat Kartar Life Limited (formerly known as Sat Kartar Shopping Limited) has filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing the adoption of a new line of business in curated spiritual offerings and wellness-related products. The disclosure was submitted to the National Stock Exchange of India Limited on May 8, 2026, and was signed by Company Secretary & Compliance Officer Sonal Seth.

New Business Line: Scope and Activities

The new business activity covers a broad spectrum of spiritual and wellness-related operations, both in India and abroad. The company intends to engage in manufacturing, developing, marketing, trading, importing, exporting, and retailing of spiritual and wellness products, as well as offering consultation and educational services. The key areas of the proposed business are detailed below:

Strategic Rationale and Expected Benefits

The company has outlined several expected benefits from this new business direction. The proposed activity is stated to align with Sat Kartar Life Limited's existing wellness-focused customer ecosystem and is expected to leverage the company's digital reach, customer engagement capabilities, and distribution infrastructure.

Key benefits highlighted in the disclosure include:

• Holistic Wellness Platform: The combination of Ayurveda with spiritual products, consultations, meditation programs, and wellness content is expected to create a holistic wellness platform, enhancing the overall value proposition to customers seeking physical, mental, and spiritual well-being.
• Curated and Credible Offerings: The ability to partner with teachers, healers, and experts from different traditions is expected to enable unique, curated spiritual offerings, enhancing credibility and allowing entry into international markets with culturally diverse products and services.
• Revenue and Market Positioning: The new business activity is expected to contribute to revenue growth, operational synergies, and improved market positioning over the medium to long term.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, as amended, and in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was submitted from New Delhi and acknowledged by the company's compliance officer.