Talwalkars Board Meeting on Share Reduction, Fundraising

The Board of Directors will consider and approve the following significant matters:

1. Reduction of Shares: To consider and approve the proposal of reduction of shares as per:

Order passed by National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi dated 03.09.2026 in Company Appeal (AT) (Insolvency) No. 710 of 2026
Relief order passed by NCLT Mumbai Bench dated 26.02.2026 vide order I.A. No. 840 of 2025 in C.P. (IB) No. 1056/MB/2020

2. Fundraising: To consider and approve the proposal of raising funds by way of preferential issue as per:

Order passed by National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi dated 03.09.2026 in Company Appeal (AT) (Insolvency) No. 710 of 2026
Relief order passed by NCLT Mumbai Bench dated 26.02.2026 vide order I.A. No. 840 of 2025 in C.P. (IB) No. 1056/MB/2020

3. Other Business: Any other items with the permission of the chairperson

Financial impact not quantified in the disclosure. The board will consider the proposals which may have significant capital structure implications.