Laxmi India Finance Limited - Corrigendum to RHP

THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA. Initial public offer of equity shares on the main board of BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) in compliance with Chapter II of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”). (Please scan this QR Code to view this Corrigendum to the RHP) LAXMI INDIA FINANCE LIMITED Our Company was incorporated under the provisions of the Companies Act, 1956 as ‘Laxmi India Finleasecap Private Limited’ pursuant to a certificate of incorporation dated May 10, 1996, issued by Registrar of Companies, Delhi and Haryana. Our Company has been granted a certificate of registration dated March 28, 2001 under its former name ‘Laxmi India Finleasecap Private Limited’ by the RBI to carry on the business of a non-banking financial company without accepting public deposits. Our Company changed its registered office to the state of West Bengal pursuant to the order dated July 19, 2011 passed by the Hon’ble Company Law Board, Bench at New Delhi. Further, the registered office of our Company was shifted from the state of West Bengal to the state of Rajasthan pursuant to the order dated December 01, 2020 passed by the Regional Director, Eastern Region. Subsequently, a certificate of registration dated April 25, 2018 was granted by the RBI pursuant to shifting of the registered office of our Company to the state of West Bengal from Delhi. Pursuant to shifting of registered office of our Company to the state of Rajasthan, the RBI had granted a certificate of registration dated March 15, 2021. Thereafter, the name of our Company was changed to Laxmi India Finance Private Limited to align it with our business activities pursuant to a resolution passed by our Shareholders dated January 25, 2023 and a fresh certificate of incorporation was issued by the RoC on March 10, 2023. Consequently, the RBI had granted a certificate of registration dated March 31, 2023, to our Company. Our Company was converted into a public limited company and the name of our Company was changed to ‘Laxmi India Finance Limited’ pursuant to a special resolution passed by our Shareholders dated August 9, 2024 and a fresh certificate of incorporation issued by the RoC on October 08, 2024. The RBI has granted a certificate of registration dated February 7, 2025 to our Company consequent to conversion of the Company from private limited company to a public limited company. For further details, see “History and Certain Corporate Matters” on page 225 of the Red Herring Prospectus dated July 21, 2025 (“RHP” or “Red Herring Prospectus”) filed with RoC. Registered and Corporate Office: 2 DFL, Gopinath Marg, MI Road, Jaipur-302001, Rajasthan, India; Tel: +91 9773376198; Website: www.lifc.co.in; Contact Person: Sourabh Mishra, Company Secretary and Compliance Officer; E-mail: investors@lifc.in Corporate Identity Number: U65929RJ1996PLC073074 NOTICE TO INVESTORS: CORRIGENDUM TO THE RED HERRING PROSPECTUS DATED JULY 21, 2025 (THE “CORRIGENDUM”) OUR PROMOTERS ARE DEEPAK BAID, PREM DEVI BAID, ANEESHA BAID, HIRAK VINIMAY PRIVATE LIMITED, DEEPAK HITECH MOTORS PRIVATE LIMITED, PREM DEALERS PRIVATE LIMITED AND VIVAN BAID FAMILY TRUST INITIAL PUBLIC OFFER OF UP TO 16,092,195 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH (“EQUITY SHARES”) OF LAXMI INDIA FINANCE LIMITED (“COMPANY” ) FOR CASH AT A PRICE OF ₹ [●] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF ₹ [●] PER EQUITY SHARE) (THE “OFFER PRICE”) AGGREGATING UP TO ₹ [●] MILLION (“THE OFFER”) COMPRISING A FRESH ISSUE OF UP TO 10,453,575 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY OUR COMPANY (THE “FRESH ISSUE”) AND AN OFFER FOR SALE OF UP TO 5,638,620 EQUITY SHARES AGGREGATING UP TO ₹ [●] MILLION (THE “OFFER FOR SALE”) BY THE SELLING SHAREHOLDERS, CONSISTING OF UP TO 3,084,952 EQUITY SHARES AGGREGATING UP TO ₹ [●] MILLION BY DEEPAK BAID, UP TO 913,070 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY PREM DEVI BAID, UP TO 1,261,902 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY ANEESHA BAID, UP TO 180,000 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY DEEPAK HITECH MOTORS PRIVATE LIMITED, UP TO 90,000 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY PREM DEALERS PRIVATE LIMITED, UP TO 54,348 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY PREETI CHOPRA AND UP TO 54,348 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH AGGREGATING UP TO ₹ [●] MILLION BY RASHMI GIRIA (COLLECTIVELY REFERRED TO AS THE “SELLING SHAREHOLDERS” AND SUCH EQUITY SHARES OFFERED BY THE SELLING SHAREHOLDERS, “OFFERED SHARES”). THE OFFER SHALL CONSTITUTE UP TO [●]% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE OFFER INCLUDES A RESERVATION OF UP TO 160,928 EQUITY SHARES OF FACE VALUE OF ₹ 5 EACH, AGGREGATING UP TO ₹[●] MILLION (CONSTITUTING UP TO [●]% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL), FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREINAFTER) (“EMPLOYEE RESERVATION PORTION”). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE “NET OFFER”. THE OFFER AND THE NET OFFER SHALL CONSTITUTE [●]% AND [●]%, RESPECTIVELY, OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. This Corrigendum is in reference to the Red Herring Prospectus filed with the Registrar of Companies, Rajasthan at Jaipur (“RoC”) and thereafter with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”) on July 22, 2025. The attention of the investors is drawn to the following: 1. The number of Equity Shares available for allocation to Eligible Employees in the Employee Reservation Portion shall be read as “160,928” on the Cover Page and page numbers 7, 25, 72, 85 and 459 of the RHP. 2. The following statement appearing in the Risk Factor no. 28 in the chapter “Risk Factors” on page 53 of the RHP shall be read as under: “As of March 31, 2025, 37.10% of our customers do not have any credit history in the formal secured lending ecosystem.” 3. The following row shall be chronologically added to the table mentioned under the heading ‘Changes in Key Management Personnel and Senior Management during the last three years’ in the chapter “Our Management” on page 266 of the RHP:Name Date of Change Reasons for Change Sourabh Mishra December 5, 2023 Appointment as Company Secretary and Compliance Officer 4. The Note (3) under both headings ‘Industry Peer Group P/E ratio’ and ‘Industry Peer Group price/book (“P/B”) ratio’ in the chapter “Basis for Offer Price” on page 114 shall stand replaced with the following: “3. All the financial information for listed industry peers mentioned above is taken as is sourced from the audited financial statements of the relevant companies for Fiscal 2025, as available on the websites of the stock exchanges.” 5. The Note (v) under the heading ‘Comparison with Listed Industry Peers’ in the chapter “Basis of Offer Price” on page 115 shall stand replaced with the following: “v. All the financial information for listed industry peers is on a consolidated and standalone basis and is sourced from the financial information of such listed industry peer as at and for the year ended March 31, 2025 available on the website of the stock exchanges or the Company” 6. The disclosure under the heading ‘Outstanding Litigation by our Company- Criminal Proceedings’ in the chapter “Outstanding Litigations and Material Developments” on page 425 of the RHP shall stand replaced with the following: “Our Company has, in the ordinary course of its business, filed 2,400 complaints against various persons under Section 138 read with Sections 141 and 142 of the Negotiable Instruments Act, 1881 in relation to dishonour of cheques. These matters are currently pending at different stages of adjudication before the various judicial fora. To the extent quantifiable, the aggregate amount involved in these matters is ₹ 1107.76 million.” 7. Note (1) to the table appearing under the heading ‘Price Information and track record of past issued handled by the Book Running Lead Manager’ in the chapter “Other Regulatory and Statutory Disclosures” on page 440 of the RHP shall be replaced with the following: “BSE as the Designated Stock Exchange.” The information above modifies and updates the information (as applicable) in the RHP. The RHP accordingly stands amended to the extent stated hereinabove and the above changes are to be read in conjunction with the RHP. Please note that this Corrigendum does not reflect all the changes that have occurred between the date of filing of the RHP and the date hereof, and the relevant changes shall be reflected in the Prospectus as and when filed with the RoC, SEBI and the Stock Exchanges. This Corrigendum shall be available on the website of SEBI at www.sebi.gov.in, the website of Stock Exchanges at www.nseindia.com and www.bseindia.com, the website of the Company at www.lifc.co.in. and the websites of the Book Running Lead Manager at www.plindia.com. All capitalized terms used in this Corrigendum shall, unless the context otherwise requires, have the same meaning as ascribed to them in the RHP. COMPANY SECRETARY AND BOOK RUNNING LEAD MANAGER REGISTRAR TO THE OFFER COMPLIANCE OFFICER Sourabh Mishra Company Secretary and Compliance Officer 2, DFL, Gopinath Marg, M.I. Road Jaipur, Rajasthan-302001, India Email: investors@lifc.in PL CAPITAL MARKETS PRIVATE MUFG INTIME INDIA PRIVATE LIMITED Telephone: +91 9773376198 LIMITED. (Formerly Link Intime India Private Limited) Investors may contact the Company Secretary 3rd Floor, Sadhana House, 570, C-101, 247 Park, L B S Marg, Vikhroli West, and Compliance Officer or the Registrar to the P. B. Marg, Worli, Mumbai - 400 018, Mumbai – 400083, Maharashtra, India Offer in case of any pre-Offer or post-Offer Maharashtra, India. Telephone: +91810 811 4949 related grievances including non-receipt of letters Telephone: +91 22 6632 2222 Email: laxmifinance.ipo@in.mpms.mufg.com of Allotment, non-credit of Allotted Equity Email: laxmiindiaipo@plindia.com Investor grievance email: Shares in the respective beneficiary account, non- Investor grievance email: grievance- laxmifinance.ipo@in.mpms.mufg.com receipt of refund orders or non-receipt of funds mbd@plindia.com Contact Person: Shanti Gopalkrishnan by electronic mode, etc. For all Issue related Contact Person: Akanksha Prakash/ Website: www.linkintime.co.in queries and for redressal of complaints, Investors Ashwinikumar Chavan SEBI Registration Number: INR000004058 may also write to the BRLM. Website: www.plindia.com CIN: U67190MH1999PTC118368 SEBI registration number: INM000011237 CIN: U67190MH1983PTC029670 For Laxmi India Finance Limited Place: Jaipur Date: July 23, 2025 Sd/- Sourabh Mishra Company Secretary and Compliance Officer LAXMI INDIA FINANCE LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated July 21, 2025 with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., PL Capital Markets Private Limited at www.plindia.com, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.lifc.co.in. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 33 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC. This advertisement is not an offer of securities for sale in the United States or elsewhere. This advertisement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in “offshore transactions” as defined in, and in reliance on, Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the company and management, as well as financial statements. No public offering or sale of securities in the United States is contemplated. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be issued or sold except in compliance with the applicable laws of such jurisdiction.