This is a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the conversion of warrants into equity shares.

Nature of the Event

Eight (8) non-promoter holders of convertible warrants, which were originally allotted on a preferential basis on March 20, 2025, exercised their right to convert their warrants into equity shares.

Board Approval

The Board of Directors approved the allotment at a meeting held on July 29, 2026. The meeting commenced at 06:30 PM and concluded at 07:15 PM.

Allotment Details

A total of 21,47,665 Equity Shares were allotted. The issue price was ₹20 per share, comprising a face value of ₹10 and a premium of ₹10.

The allotment was made to the following eight non-promoter allottees upon receipt of the balance exercise price:

| Sl. No | Name of Allottee | No. of Warrants Converted | No. of Equity Shares Allotted |

| 1 | Dinesh Dayaram Dhanak & Deepti Dinesh Dhanak (Joint Holders) | 2,50,000 | 2,50,000 |

| 2 | Nitesh Niranjan Jha | 5,00,000 | 5,00,000 |

| 3 | Umesh Bikhchand Bijlani | 2,00,000 | 2,00,000 |

| 4 | Dinakara Sateesha | 64,333 | 64,333 |

| 5 | Deepak Pandurang Bhojane | 3,00,000 | 3,00,000 |

| 6 | Trupti Uday Khanapurkar | 66,666 | 66,666 |

| 7 | Jigna Pravinkumar Raval | 1,00,000 | 1,00,000 |

| 8 | Dinesh Muddu Kotian | 6,66,666 | 6,66,666 |

| Total | | 21,47,665 | 21,47,665 |

Financial Consideration

The warrant holders paid the balance exercise price of ₹15 per warrant (75% of the total warrant exercise price of ₹20). The total amount received by the company was ₹3,22,14,975 (Three Crore Twenty-Two Lakhs Fourteen Thousand Nine Hundred and Seventy-Five).

Capital Structure Impact

Consequent to this allotment, the paid-up share capital of the company increased from an undisclosed pre-issue amount to ₹13,73,05,950. This capital comprises 1,37,30,595 Equity Shares of face value ₹10 each.

Outstanding Warrants

The disclosure notes that out of the total 1,00,25,000 warrants originally allotted, a balance of 15,33,335 fully convertible warrants remain outstanding and are eligible for conversion in the future.

Post-Allotment Holdings

Annexure-II provides the post-allotment holdings for the allottees. The total post-issue holding for these eight allottees is 22,08,332 shares, which includes the newly allotted shares and any pre-existing holdings. For example, allottee Dinakara Sateesha had a pre-issue holding of 60,667 shares, which increased to 1,25,000 shares post-allotment.