Vedant Fashions AGM Approves ₹7.75 Dividend, Director Reappointments

Final dividend recommended: ₹7.75 per fully paid-up equity share of ₹1 each
Maximum remuneration for Ravi Modi (Chairman & MD): ₹36 million per annum (₹18M fixed + ₹18M variable)
Maximum remuneration for Shilpi Modi (Whole-time Director): ₹24 million per annum (₹12M fixed + ₹12M variable)
Ravi Modi's previous remuneration in FY 2025-26: ₹34.20 million
Shilpi Modi's previous remuneration in FY 2025-26: ₹22.80 million
Manish Choksi's previous remuneration in FY 2025-26: ₹3 million (sitting fees & commission only)

AGM Date: Monday, September 28, 2026 at 3:00 PM IST
Record Date: Monday, September 21, 2026
Remote e-voting period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
Dividend payment date: On or after Tuesday, September 29, 2026
Ravi Modi reappointment period: August 28, 2026 to August 27, 2031
Shilpi Modi reappointment period: August 28, 2026 to August 27, 2031
Manish Choksi reappointment period: September 6, 2026 to September 5, 2031
Nihir Parikh appointment period: September 2, 2026 to September 1, 2031
Neetu Kashiramka appointment period: September 2, 2026 to September 1, 2031

Registrar & Transfer Agent: KFin Technologies Limited
Scrutinizer: Ms. Khusbhoo Agarwal, Partner of M/s. M & A Associates, Practicing Company Secretaries
Directors subject to appointment/reappointment: Ravi Modi (DIN: 00361853), Shilpi Modi (DIN: 00361954), Manish Mahendra Choksi (DIN: 00026496), Nihir Parikh (DIN: 03434395), Neetu Kashiramka (DIN: 01741624)

1. Adoption of Audited Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Declaration of final dividend of ₹7.75 per equity share for FY 2025-26

3. Re-appointment of Mrs. Shilpi Modi as Director liable to retire by rotation

4. Re-appointment of Mr. Ravi Modi as Chairman and Managing Director for 5 years with remuneration up to ₹36M per annum

5. Re-appointment of Mrs. Shilpi Modi as Whole-time Director for 5 years with remuneration up to ₹24M per annum

6. Re-appointment of Mr. Manish Mahendra Choksi as Non-Executive Independent Director for second term of 5 years

7. Appointment of Mr. Nihir Parikh as Non-Executive Independent Director for first term of 5 years

8. Appointment of Ms. Neetu Kashiramka as Non-Executive Independent Director for first term of 5 years

Ravi Modi: Commerce graduate from St. Xavier's College, Kolkata; over 25 years industry experience; Founder & Promoter
Shilpi Modi: Commerce graduate from Allahabad University; nearly 27 years experience in garment industry
Manish Choksi: Bachelor of Chemical Engineering and MBA from University of Houston; Non-Executive Vice-Chairman of Asian Paints Limited
Nihir Parikh: MBA from INSEAD, MS in Chemical Engineering from Stanford; former CEO of Nykaa Fashion and NykaaMan
Neetu Kashiramka: Chartered Accountant; former MD and CFO of VIP Industries Limited; Founder of Neetara Advisors

Conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
Deemed venue: Registered Office at Paridhan Garment Park, 19 Canal South Road, SDF-1, 4th Floor, A501-A502, Kolkata - 700015
Physical attendance not required
Remote e-voting through KFin Technologies platform
Up to 2,000 members can join on first-come-first-served basis (large shareholders, promoters, institutional investors exempt)

Payable to members registered as of September 21, 2026
TDS rates: 10% for residents with valid PAN, 20% for residents without PAN/invalid PAN
Non-residents subject to 20% TDS plus applicable surcharge and cess, or DTAA rates
Dividend warrants will be dispatched if electronic transfer not possible
Unclaimed dividends for FY 2021-22 to 2024-25 details available on company website

No change to share capital mentioned in the notice. Dividend payment represents cash outflow from reserves.

Voting rights proportional to shares held as of record date (September 21, 2026). Members can vote remotely or during AGM.