Date: 04.11.2026

Board Meeting Outcomes

  • The company proposes a preferential issue of up to 50,00,000 convertible warrants at ₹150 per warrant, aggregating to up to ₹75 crore
  • This proposal is under Item No. 1 of the original Notice dated 14 October 2026
  • An Extraordinary General Meeting is scheduled for Friday, 6 November 2026 at 10:30 a.m. IST through video conferencing or other audio-visual means
  • This disclosure provides clarifications in response to Query No. 2 of NSE's letter dated 4 November 2026 (reference NSE/LIST/58071) and Query No. 3 of BSE Ltd dated 04.11.2026

Fundraising / Financing

Object-wise allocation of proposed preferential issue proceeds:

| Object | Amount (₹ crore) | Proposed Timeline |

| Land and civil and electrical works | 50 | December 2026 |

| Vacuum induction melting furnace | 25 | July 2027 |

| Total proposed issue proceeds | 75.00 | Expected Project Completion: Aug/Sep 2027 |

  • The total estimated project cost is ₹87 crore
  • ₹75 crore will be funded from the preferential issue proceeds
  • The balance ₹12 crore will be funded from the Company's reserves

Corporate Calendar & Scheduled Events

  • Extraordinary General Meeting scheduled for 6 November 2026 at 10:30 a.m. IST
  • This disclosure forms part of the original EGM Notice dated 14 October 2026 and Corrigendum dated 30 October 2026
  • All documents must be read together in relation to the proposed preferential issue