Polyplex Declines PTL Tender Offer Participation

Date: July 01, 2026

Board Meeting Outcomes

• The Board of Directors of Polyplex Corporation Limited held a meeting on July 01, 2026, specifically to deliberate on the tender offer situation involving its subsidiary Polyplex (Thailand) Public Company Limited (PTL).
• The Board independently resolved not to participate in the tender offer made by AGPH (Thailand) Ltd. in respect of the Company's shareholding in PTL.
• The meeting commenced at 1800 hours (IST) and concluded at 1832 hours (IST), lasting 32 minutes.

Background Context

• This disclosure is in continuation of the Company's previous disclosure made on June 22, 2026.
• Polyplex (Thailand) Public Company Limited (PTL) is a Thailand-based entity in which Polyplex Corporation Limited directly/indirectly holds 51% ordinary shares.
• PTL had received intimation from AGPH (Thailand) Ltd. (Offeror) about its intention to make a tender offer to acquire all ordinary shares of PTL.
• On June 29, 2026, PTL received a copy of the Tender Offer filed by the Offeror with the Stock Exchange of Thailand and Securities and Exchange Commission, Thailand.