THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT.

Our Company was incorporated as a Private Limited Company with the name of "Divyadhan Consultants Private Limited" under the Companies Act, 1956 vide certificate of incorporation dated May 03, 20/0, issued by Registrar of Companies, 'Maharashtra, Mumbai, bearing registration no. 202686. Thereafter, the name of the company was changed from "Divyadhan Consultants Private Limited" to "Divyadhan Recycling Industries Private Limited" vide special resolution passed by the members of the company at the Extra Ordinary General Meeting held on September 27, 2023 vide certificate of incorporation dated November 10. 2023. Further, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra-Ordinary' General Meeting held on December 13. 2023 and the name of our Company changed from "Divyadhan Recycling Industries Private Limited" to "Divyadhan Recycling Industries Limited" & Registrar of Companies. Maharashtra. Mumbai issued a new certificate of incorporation

Our Company has filed the Prospectus dated October 01,2024, (the Prospectus') with the Registrar of Companies. Mumbai (ROC), and the equity shares (as defined hereinafter) are proposed to be listed on the Emerge platform of National Stock Exchange of India Limited ("NSE") and the listing and trading of the Equity Shares (a defined hereinafter) expected to commence on October 04,2024.

INITIAL PUBLIC OFFERING OF UP TO 37.76.000 EQUITY SHARES OF RS. 10/- EACH ( EQUITY SHARES ') OF DIVYADHAN RECYCLING INDUSTRIES LIMITED ("DRIL" OR THE COMPANY ) FOR CASH AT A PRICE OF RS. 64/- PER EQUITY SHARE (THE ISSUE PRICE"). AGGREGATING TO RS. 2,416.64 LAKHS ("THE ISSUE '). OUT OF THE ISSUE. 2.00,000 EQUITY SHARES AGGREGATING TO RS. 128.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 35.76.000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT AN ISSUE PRICE OF RS. 64/- PER EQUITY SHARE AGGREGATING TO RS. 2,288.64 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.39% AND 25.00% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

"Subject to the receipt of listing and trading approval from NSE Emerge.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules. 1957. as amended fSCRR") read with Regulation 229 of the SEBIICDR Regulations and in compliance with Regulation 253 of SEBI (ICDR) Regulations, wherein not more than 50.00% of the Net Issue was made available for allocation on a proportionate basis to QlBs ('QIB Portion"). Further, not less than 15 00% of net issue was made available for allocation on proportionate basis to Non- Institutional Investors and not less than 35.00% of the Net Issue was made available for allocation to Retail Individual Bidders, in accordance with SEBI ICDR Regulations, subject to valid bids being received at the issue price. All potential Bidders are required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 259 of this Prospectus.

The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of NSE (‘NSE Emerge') in terms of Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2018 (the "SEBI (ICDR) regulations"), as amended read with rule 19(2)(b) of the Securities Contracts (Regulation) Rules. 1957, as amended. Our company has received In Principle approval letter dated September 06.2024, from National Stock Exchange of India Limited ("NSE") for using its name in the Offer Document for listing of our shares on Emerge Platform of NSE. It is to be distinctively understood that the permission given by National Stock Exchange of India Limited ('NSE') should not in any way be deemed or construed that the content of the Prospectus or the price at which equity shares are offered has been cleared, solicited or approved by NSE. nor does it certify the correctness, accuracy or completeness of any of the content of the Prospectus. The investors are advised to refer to the prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the Designated Stock Exchange will be National Stock Exchange of India Limited ("NSE*). The trading is proposed to commence on October 04,2024*.

•Subject to the listing and trading approval from Emerge Platform of NSE.

All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the ‘ SC SBs') orthrough UPI Mechanism.

The Company received 04 Anchor Investor Application Forms from 04 Anchor Investors for 12.58,000 Equity Shares. Such 04 Anchor Investors through 04 Anchor Investor Application Forms were allocated 10.70,000 Equity Shares at a price of Rs 64/- per Equity Share under the Anchor Investor Portion, aggregating to Rs. 6,84.80.000.00/-

The issue has received 21.814 applications, excluding Anchor Investors, (before technical rejections) for 10,32.64.000 equity shares resulting in subscription of 37.88 times (including reserved portion of Market Maker). The details of the applications received in the issue (before technical rejections but after applications not banked) are as follows:

Detail of the Applications Received:

'This includes applications from Retail Individual which were not in book but excludes not banked bids.

Final Demand:

A summary of the final demand as at different Bid price is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE Emerge on October 01.2024.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 64/- per Equity Share, v/as finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2.00,000 Equity shares. The category wise details of the Basis of Allotment are as under:

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 64/- per Equity Share, v/as finalized in consultation with NSE. The category was subscribed 32.23 times i.e. for 4.03,56.000 Equity Shares. Total number of shares allotted in this category is 12.52,000 Equity Shares.

The category wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 64/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 76.03times i.e. application received for 4,09,02.000 equity shares & the total number of shares allotted in this category is 5,38,000 Equity Shares to 144 successful applicants.

The category wise details of the Basis of Allotment are as under (Sample basis):

D. Allocation to QIB Category (Excluding Anchor Investor)

Allotment to QIB. who have bid at the issue price of Rs.64/- per Equity Share, was finalized in consultation with NSE. The Basis of the Issue has received 13 Applications for 2.10.38.000 equity shares, whereas 7.16.000 shares were reserved for QIBs. The allotment was made to 13 applicants for 7.16.000 equity shares.

The category wise details of the Basis of Allotment are as under:

E. Allocation to Anchor Investor (Atter Technical Rejection): The company in consultation with BRLM had allotted 10.70,000 Equity Shares to 04 (Four) Anchor Investor at an Issue price of Rs. 64/- per share in accordance with SEBI (ICDR) Regulations, 2018.

The category wise details of the Basis of Allotment are as under

The Board of Directors of the Company at its meeting held on October 01.2024, has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for issue of the Equity Shares to various successful applicants.

The CAN-cum-allotment advices anchor notices will be forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before October 01,2024. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount will be processed on or prior to October 03,2024. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Emerge Platform of NSE Limited (NSE Emerge) within three working days from the date of the closure of the issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated October 01,2024 ("Prospectus")

The details of the allotment made would also be hosted on the website of the Registrar to the issue. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at www.skylinerta.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
	Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase -1, New Delhi-110020
	Telephone: +91-11-40450193-97, Fax No: +91-11-26812683
	Email: compliances@skylinerta.com
	Website: www.skylinerta.com
	Contact Person: Mr. Pawan Bisht
	SEBI Registration Number: INR000003241
	CIN: U74899DL1995PTC071324

Note: All capitalized terms used and not defined herein shall have same meanings assigned to them in the Prospectus.

Disclaimer: DIVYADHAN RECYCLING INDUSTRIES LIMITED has filed the Prospectus with ROC on October 01. 2024. and thereafter with SEBI and Stock Exchanges. The Prospectus is available on the Website of SEBI at www.sebi.gov.in and website of LM, Narnolia Financial Services Limited at www.narnolia.com. Investors should note that investment Equity Shares involve a high degree of risk and for details relating to the same. please see "Risk Factor' beginning on page 24 of the Prospectus. The Equity Shares have not been and will not be registered under U.S. Securities Act of 1993. as amended ("the Securities Act') or any state securities laws in the United States, and unless so registered, and may not be offered or sold within United States, except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in 'offshore transactions' in reliance on Regulations under Securities Act and the applicable laws of each jurisdiction where such offers and sales were made. There will be no public offering in the United States. a