IMPORTANT NOTICE

The following disclaimer applies to the red herring prospectus dated October 25, 2025 of Studds Accessories Limited (the “Company”) (“RHP”). You are therefore advised to read this disclaimer carefully before reading, accessing or making any other use of the RHP. Neither IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and ICICI Securities Limited (the “BRLMs” or “Book Running Lead Managers”) nor any person who controls the BRLMs or any of their respective affiliates, directors, officers, employees, agents, representatives or advisers accepts any liability whatsoever for any loss howsoever arising from any use of this RHP or their respective contents or otherwise arising in connection therewith. By accessing the RHP, you agree to be bound by the following terms and conditions, including any modifications to it from time to time, each time you receive any information from us as a result of such access.

The issue and distribution of this RHP is being done in reliance on the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and the Companies Act, 2013, as amended, read with the Companies (Prospectus and Allotment of Securities) Rules, 2014.

NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

INVESTING IN THE EQUITY SHARES INVOLVES RISKS AND YOU SHOULD CAREFULLY CONSIDER THE RISKS DESCRIBED UNDER THE SECTION “RISK FACTORS” AND, IF APPLICABLE “CERTAIN RISK FACTORS FOR INTERNATIONAL INVESTORS” AS WELL AS INFORMATION CONTAINED ELSEWHERE IN THE RED HERRING PROSPECTUS BEFORE MAKING AN INVESTMENT DECISION.

Confirmation of Your Representation: You have accessed the RHP on the basis that you have confirmed your representation, agreement and acknowledgement to each of the BRLMs and the Company that (1) (you are not a resident in the United States, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and, to the extent you purchase the securities described in the RHP, you will be doing so pursuant to Regulation S under the U.S. Securities Act AND (2) you consent to delivery of the attached RHP and any amendments or supplements thereto by electronic transmission.

The following disclaimer applies to the draft red herring prospectus dated March 20, 2025 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of SSF Plastics India Limited (“Company”) (“Offer”) , filed with the Securities and Exchange Board of India (“SEBI”) , BSE Limited and National Stock Exchange of India Limited and hosted on this website. In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the members of the Syndicate (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Offer.

Restrictions: The RHP is being furnished in connection with an offering exempt from registration under the U.S. Securities Act solely for the purpose of enabling you, as a prospective investor to consider the purchase of the Equity Shares described in the RHP. An investment decision should only be made on the basis of the RHP. In making an investment decision, investors must rely on their own examination of the merits and risks involved.

You are reminded that no representation or warranty, express or implied is made or given by or on behalf of, the BRLMs named herein, nor any person who controls it or any director, officer, employee, agent or representative of it or affiliate of such person as to the accuracy, completeness or fairness of the information or opinions contained in this document and such persons do not accept responsibility or liability for any such information or opinions

THE EQUITY SHARES REFERRED TO IN THE ATTACHED RED HERRING PROSPECTUS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OR ANY OTHER APPLICABLE LAW OF 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 APPLICABLE U.S. STATE SECURITIES LAWS. ACCORDINGLY, THE EQUITY SHARES ARE BEING OFFERED AND SOLD OUTSIDE THE UNITED STATES IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S AND PURSUANT TO THE APPLICABLE LAWS OF THE JURISDICTIONS WHERE THOSE OFFERS AND SALES ARE MADE.

Except with respect to eligible investors in jurisdictions where such offer is permitted by law, nothing in this electronic transmission constitutes an offer or an invitation by or on behalf of either the Company or the BRLMs to subscribe for or purchase any of the securities described therein, and access has been limited so that it shall not constitute a general advertisement or solicitation in the United States or elsewhere. If a jurisdiction requires that the offering be made by a licensed broker or dealer and the BRLMs, or any affiliate of an underwriter is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by the BRLMs, or their eligible affiliates on behalf of the Company in such jurisdiction. Recipients of this RHP who intend to subscribe for or purchase the Equity Shares are reminded that any subscription or purchase of the Equity Shares may only be made on the basis of the information contained in the Red Herring Prospectus.

You are reminded that you have accessed the RHP on the basis that you are a person into whose possession the RHP may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not nor are you authorized to deliver or forward this document, electronically or otherwise, to any other person. The materials relating to the offering of securities referred to in the RHP do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If you have gained access to this transmission contrary to the foregoing restrictions, you will be unable to purchase any of the securities described therein.

If you do not agree to the terms contained in this notice, you are unauthorised to access the attached RHP.