This is a regulatory disclosure intimation addressed to BSE Limited regarding the lapse and forfeiture of convertible warrants issued by Astal Laboratories Limited.

The disclosure is made in furtherance of an earlier intimation dated 27th November 2024, wherein the company's Board of Directors had approved the allotment of 37,29,930 Convertible Warrants of Face Value ₹10 each at a premium of ₹30 each to non-promoters on a preferential allotment basis.

In accordance with the terms of issue and Regulation 162 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations), 25% of the issue price was received upfront as the initial subscription amount at the time of allotment. The balance 75% was payable at the time of exercise of warrants within a period of 18 months from the date of allotment, i.e., on or before May 26, 2026.

The company has not received the balance 75% consideration for 1,86,700 warrants from the warrant holders listed in Annexure I within the stipulated timeline. Consequently, these outstanding warrants have lapsed upon expiry of the exercise period on May 26, 2026.

With effect from May 27, 2026, the upfront subscription amount received at the time of allotment, being 25% of the issue price, amounting to ₹18,67,000 (₹18.67 Lakhs) stands forfeited. This action is in line with Regulation 169(3) of Chapter V of the SEBI ICDR Regulations.

Consequent to the lapse of these warrants, the warrant holders shall cease to have any rights or entitlement to seek conversion into equity shares of the company.

There will be no change in the paid-up share capital of the company. The amount forfeited shall be retained by the company and accounted for in accordance with applicable accounting standards.

This matter will be taken up at the forthcoming meeting of the Board of Directors, and necessary resolutions will be passed.

The disclosure is made under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Annexure I Details

| Particulars | Details |

| Type of securities | Convertible Warrants |

| Type of issuance | Preferential Allotment |

| Total number of warrants originally allotted | 37,29,930 |

| Issue price per warrant | ₹40 |

| Date of allotment | November 27, 2024 |

| Tenure | 18 months (up to May 26, 2026) |

| Number of warrants exercised | 35,43,230 |

| Number of warrants lapsed | 1,86,700 |

| Amount forfeited | ₹18,67,000.00 |

| Any change in capital structure | Nil |

Warrant Holder Specific Details

| Sr. No. | Name of Warrant Holder | No. of Warrants Applied For | No. of Warrants Converted | No. of Warrants Lapsed | Amount Forfeited (₹) |

| 1 | S SUBHALALIIHA | 1,00,000 | Nil | 1,00,000 | 10,00,000 |

| 2 | SAILAJA ARUN KUMAR | 1,00,000 | 33,300 | 66,700 | 6,67,000 |

| 3 | SRI HARSHA SOMA | 1,50,000 | 1,30,000 | 20,000 | 2,00,000 |

| Grand Total | | 3,50,000 | 1,63,300 | 1,86,700 | 18,67,000 |