The redemption was based on a cut-off date of June 30, 2026, which was decided by the Board of Directors for the redemption process. This action follows an earlier intimation made by the company on April 16, 2026.

Consequent to this redemption, the issued and paid-up preference share capital of the company has been reduced to 50,00,000 (Fifty Lakh) 2.50% Non-Convertible Redeemable Preference Shares of face value of ₹10/- each.

The disclosure was signed by Bhavesh Surolia, Company Secretary & Compliance Officer (Membership No.: A64329), and addressed to both BSE Limited and National Stock Exchange of India Limited.