A-1 Limited Board Recommends Final Dividend, Reverses Partnership Acquisition

The Board of Directors meeting was held on Wednesday, 26th August, 2026 from 02:00 p.m. to 3:15 p.m. at the registered office of the company.

22nd Annual General Meeting approved to be held on Friday, 25th September, 2026 at 11:00 a.m.
Meeting to be conducted through Video Conference/Other Audio-Visual means
Ms. Dhara Patel appointed as Scrutinizer for the AGM

Approved reappointment of Mr. Anant Jitendra Patel as director (liable to retire by rotation)
Approved remuneration of Mr. Anant Jitendra Patel
Approved remuneration of Mrs. Krishna Jitendra Patel
All appointments and remuneration subject to shareholder approval at AGM

Mr. Anant Jitendra Patel's details:

DIN: 10671108
Date of Birth: 15-10-2000 (Age: 26 years)
Date of First Appointment: 29.08.2024
Qualifications: MBA, Bachelor of Science in Business Administration (ISBA), Bachelor of Arts in Economics
Expertise: Business development department
Relationship: Son of Jitendra Naranbhai Patel (Whole-time Director)
Last Remuneration: ₹4,59,000 (FY 2025-26)
Board meeting attendance: 22 meetings during 2025-26
No directorships in other public companies

Approved Director's report for FY 2025-26 and annexures
Approved Secretarial Audit report for FY 2025-26
Took note of Certificate of Compliance with Code of Conduct given by Mr. Harshadkumar Naranbhai Patel, Managing Director
Took note of certificate of non-disqualification of directors for year ended 31st March, 2026 given by M/s. Sejal Shah & Associates
Took note of Corporate Governance Compliance Certificate for year ended 31st March, 2026 given by M/s. Sejal Shah & Associates
Took note of certificate given by Mr. Himanshu Sunil Thakkar, CFO as per Regulation 17(8) Part B of SEBI (LODR) Regulations, 2015

At meeting held on 27th October 2025, Board had approved increasing partnership interest in M/s. A-1 Sureja Industries from 45% to 51%
Shareholders approved through postal ballot on 21st December, 2025
Investment was evaluated based on valuation report by Bhavin R. Patel & Co. using Discounted Cash Flow (DCF) Method

Material changes in market conditions
Performance changes in electric vehicle (EV) industry
Non-achievement of projected short-term business milestones by M/s. A-1 Sureja Industries
New proposal received regarding sale of existing land of the partnership firm
Firm proposing expansion and establishment of new manufacturing facility at different location
Requires reasonable time to shift, re-establish, and commence operations at new premises

After comprehensive review, decided not to proceed with acquiring additional 6% partnership interest
Company will continue to hold existing 45% partnership interest
Matter postponed/adjourned for reasonable period
Further decisions to be communicated to stakeholders as taken
Board considered this decision prudent and in best interests of Company and stakeholders