Info Edge's subsidiary SIHL approves partial divestment in Meritto via IPO Offer for Sale

Info Edge (India) Limited's wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL), has approved a proposed partial divestment of its stake in NoPaperForms Solutions Limited ("Meritto"). * This divestment is part of Meritto's proposed Initial Public Offering (IPO) process. * The divestment will occur through a combination of: * An Offer for Sale ("OFS") of up to 38,422,392 equity shares of face value ₹1 each held by SIHL in Meritto, including any pre-IPO secondary transfers and/or sale of equity shares prior to the red herring prospectus filing. * Dilution resulting from the primary issuance of equity shares by Meritto as part of the Proposed IPO. * The objective is to reduce SIHL’s aggregate holding in Meritto to below 25% of the total paid-up capital of Meritto upon successful completion of the Proposed IPO. * The Proposed IPO (including the OFS component) is contingent on market conditions, applicable approvals, and regulatory clearances, including observations from the Securities and Exchange Board of India (SEBI). * Meritto will file the relevant offer documents with the authorities in due course. * The Board of Directors of SIHL considered and accorded its approval at a meeting held on November 6, 2025, which concluded at 6:00 p.m. (IST).