Date: July 2, 2026

Board Meeting Outcomes

This communication serves as an update and clarification regarding the Preferential Issue of Securities on Private Placement basis ("Issue") that was previously approved. The Company's Extra Ordinary General Meeting ("EOGM") held on June 18, 2026, approved the Issue with requisite majority. Following queries from the Stock Exchanges (BSE and NSE), the Company is disseminating updated information that was part of the Explanatory Statement to the EOGM Notice.

Shareholding Pattern Update

A detailed pre and post-issue shareholding pattern on a fully diluted basis is provided, which now includes the impact of 6,18,353 outstanding Employee Stock Options as of May 25, 2026.

Pre-Issue Shareholding (as on May 22, 2026):

  • Promoters & Promoter Group (Indian): 32,534,100 shares (48.87%)
  • Individuals: 8,079 shares (0.01%)
  • Bodies Corporate: 32,526,021 shares (48.86%)
  • Non-Promoters Holding: 34,063,780 shares (51.13%)
  • Institutional Investors: 7,780,353 shares (11.69%)
  • Mutual Funds: 1,241,576 shares (1.86%)
  • FPI: 5,304,344 shares (7.96%)
  • Alternate Investment Funds: 430,576 shares (0.65%)
  • Foreign Companies: 62 shares (0.00%)
  • Insurance Companies: 803,795 shares (1.21%)
  • Central Government/State Government: 150 shares (0.00%)
  • Non-Institutions: 26,283,277 shares (39.44%)
  • Individuals: 21,977,737 shares (33.01%)
  • NBFCs registered with RBI: 12 shares (0.00%)
  • Directors and their Relatives: 2,500 shares (0.00%)
  • IEPF: 709,173 shares (1.07%)
  • Trusts: 5,205 shares (0.01%)
  • Foreign Financial Institution: 700 shares (0.00%)

*Post-Issue Shareholding (Fully Diluted Basis):**

  • Promoters & Promoter Group (Indian): 39,191,473 shares (53.07%)
  • Individuals: 8,079 shares (0.01%)
  • Bodies Corporate: 39,183,394 shares (53.06%)
  • Non-Promoters Holding: 34,647,660 shares (46.93%)
  • Institutional Investors: 7,780,353 shares (10.54%)
  • Mutual Funds: 1,241,576 shares (1.68%)
  • FPI: 5,304,344 shares (7.18%)
  • Alternate Investment Funds: 430,576 shares (0.58%)
  • Foreign Companies: 62 shares (0.00%)
  • Insurance Companies: 803,795 shares (1.09%)
  • Central Government/State Government: 150 shares (0.00%)
  • Non-Institutions: 26,867,157 shares (36.39%)
  • Individuals: 22,596,090 shares (30.60%)
  • NBFCs registered with RBI: 12 shares (0.00%)
  • Directors and their Relatives: 2,500 shares (0.00%)
  • IEPF: 709,173 shares (0.96%)
  • Trusts: 5,205 shares (0.01%)
  • Foreign Financial Institution: 700 shares (0.00%)

*The post preferential percentage of shareholding has been calculated on fully diluted basis assuming full conversion of Share Warrants proposed to be issued under this Issue and exercise of 6,18,353 Employee Stock Options outstanding as on May 25, 2026.

Specific Allottee Details

The pre and post shareholding of the proposed allottee, JK Investors (Bombay) Limited, is provided:

  • Pre-preferential issue: 19,861,793 shares (29.83%)
  • Post-preferential issue: 26,519,166 shares (35.91%)

Explanatory Statement Modification

Under point 11(d) of the EGM notice, the text has been modified. The original text stated that the articles of association do not provide for any method of determination for valuation of shares which results in a floor price higher than the price determined pursuant to SEBI ICDR Regulations. This has been updated to clarify that the Articles require a valuation report, the price from which is disclosed under point 11(c) of the EGM Notice.

Other Operational / Legal / Strategic Disclosures

This intimation is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It references prior intimations dated May 25, 2026, May 27, 2026, and a Corrigendum to the Notice dated June 10, 2026. The Company had applied to both Stock Exchanges for grant of in-principle approval for the preferential issue of share warrants.