Date: 16th August 2026

Board Meeting Outcomes

  • The Company received final comments from Securities and Exchange Board of India (SEBI) on the draft letter of offer for open offer to acquire 26% equity shares from public shareholders of Premier Explosives Limited (PEL)
  • SEBI communication was received via letter dated August 14, 2026, through merchant bankers, and received by company on August 16, 2026
  • The open offer process is being conducted under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST)
  • Company will take further steps as recommended by SEBI and as required under the open offer process

Contextual Background

  • This disclosure is made in continuation to previous announcement dated July 9, 2026 regarding the open offer for acquisition of PEL shares
  • Disclosure is made pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations