Elevate Campuses IPO

Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries; and | Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of borrowings availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through

Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses; | Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes, (collectively, the “Objects”). In addition, we expect to achieve the benefits of listing of our Equity Shares on the Stock Exchanges, including enhancement of our Company’s brand name and creation of a public market for our Equity Shares in India. The main objects and objects incidental and ancillary to the main objects of our Memorandum of Association enable our Company to (i) undertake our existing business activities; and (ii) undertake the activities proposed to be funded from the Net Proceeds. Further, the main objects and objects incidental and ancillary to the main objects set out in the respective memorandum of association of our Subsidiaries, enables the respective Subsidiaries to undertake the activities proposed to be funded from the Net Proceeds. Net Proceeds | Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses 11,000.00 11,000.00 - - | Funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes(1)(2) [●] | Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses As on August 31, 2025, the portfolio of our Company and our Subsidiaries comprise five student accommodation campuses totaling 16,934 beds, across four Indian cities, and two K-12 Assets in Dubai (UAE); and (ii) Managed Portfolio comprises 14 student accommodation campuses totaling 49,338 beds under management. The K-12 Entities and Campuses are currently owned by the K-12 HoldCos and indirectly owned and controlled by funds of Hillhouse Investment, which are the ultimate owners and controllers of Genius Bidco Holdings Pte. Ltd. and Genius Rajkot Investment Holdings Pte. Ltd. The Proposed Acquisition would make us the largest institutionalized and independent education platform engaged in owning, operating and managing on-campus student accommodation across HEIs and owning K-12 Assets in India by student capacity as of August 31, 2025, according to the CBRE Report. The K-12 Entities and Campuses have been selected based on their strategic location across key metropolitan and

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