Announcement on Bonus Shares- Extended Deadline and Clarifications for Shareholders

02 October 2025

OYO (Oravel Stays Limited, “PRISM”) has issued an important update regarding the Bonus CCPS (“Bonus Shares”) as outlined in its Postal Ballot Notice dated October 28, 2025. Based on shareholder feedback received on the Postal Ballot, the Company has decided to communicate the details more clearly, extend the option election timeline, and reaffirm its commitment to transparency and a shareholder-friendly approach.

Key Updates and Benefits for Shareholders

• Extended Deadline: The option selection period has been extended by 9 days, until 6:00 PM on Friday, November 7, 2025, allowing shareholders more time to choose their preferred Bonus Share option.
• Limited Dilution: The Bonus Share issue remains limited to a maximum dilution of only 5% on a fully diluted basis- ensuring shareholder rewards with minimal impact on ownership.
• Distinct from Prior Bonus: This Bonus Share plan is separate from the earlier 1:1 issue, structured to reward long-term shareholders aligned with the Company’s IPO vision while still providing benefits to others.
• Simplified Process: CML submission is no longer required. Shareholders must simply ensure their demat accounts are active before opting for Bonus Shares and to do this verification on their own

Clarifications

• The issuance aims to enhance shareholder value by rewarding investors who support the Company’s IPO journey.
• Since equity shareholders bear higher risk without downside protection, they are being offered a small upside through Bonus Shares.
• Preference shareholders, including major investors like SoftBank Vision Fund and Ritesh Agarwal, are not eligible for the milestone-based bonus option.