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Kare Family Private Trust (KFPT), with Aditi Milind Panandikar and Madhura Suresh Kare as trustees, has acquired 55,34,874 equity shares of Indoco Remedies Limited, representing 6.00% of the total share capital. This acquisition was an off-market, inter-se transfer among immediate relatives, with Aruna Suresh Kare being the seller. The transaction is part of a family arrangement for smooth succession planning and to streamline family assets and businesses.

Furthermore, KFPT indirectly acquired shares in Indoco Remedies by acquiring stakes in promoter companies Shanteri Investment Private Limited (SIPL) and SPA Holdings Private Limited (SHPL). KFPT acquired 40.00% (40,000 shares) of SIPL and 20.16% (1,24,933 shares) of SHPL from Aruna Suresh Kare. These acquisitions result in KFPT indirectly holding a significant stake in Indoco Remedies through these promoter entities.

Following these transactions, the direct shareholding of KFPT in Indoco Remedies increased to 14.20% (1,30,97,055 shares), while its indirect shareholding through SIPL remained at 17.19% (1,58,58,805 shares) and through SHPL at 19.88% (1,83,35,000 shares). Consequently, Aruna Suresh Kare's direct shareholding reduced from 6.00% to 0.00%. This disclosure was made under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the disclosure under Regulation 10(5) being filed on 18th December, 2025, at least four working days prior to the acquisition on 26th December, 2025.