Notice of Postal Ballot

BSE Limited Corporate Relations Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Scrip Code 524506 ISIN INE683E01017 Series EQ Dear Sir/Madam, Subject Notice of Postal Ballot & e-voting to Shareholders Further to our letter dated June 18, 2026, we enclose the Notice of Postal Ballot & E-Voting ("Notice") seeking approval of the Members of the Company for the proposal as contained in the said Notice. The aforementioned Notice is sent by electronic mode today (June 22, 2026) to all the Members, who have registered their e-mail address with the Company/Depository Participant/Depository/Registrar to an lssue and Share Transfer Agent of the Company and whose names appear in the Register of Members/list of Beneficial Owners as received from National Securities Depository Limited and the Central Depository Services (lndia) Limited as on June 19, 2026, 2026. The Notice is also available on the website of the Company. The remote e-voting commences 09:00 a.m. on Tuesday, June 23, 2026 up to 05:00 p.m. on Wednesday, July 22, 2026 and the result thereof will be declared on or before Friday, July 23, 2026. The brief details including the proposed agenda, resolutions to be passed, and manner of approval are contained in the Notice. Further details and instructions for remote e-voting are also contained in the Notice. This is for your information and records. Yours sincerely, For Coral Laboratories Limited Sushma Kadkade Director & CFO DIN: 07791735 Place Mumbai Date June 22, 2026 Coral Laboratories Limited CIN: L24231MH1997PLC422233 Regd. Office: 3B, Patanwala Compound, Opp. Shreyas Cinema, L.B.S. Marg, Ghatkopar (West), Mumbai-400086 Phone: +91 22 25008208/25005245/46 Website: www.corallab.com, E-Mail: cs@corallab.com POSTAL BALLOT NOTICE PURSUANT TO SECTION 110 OF THE COMPANIES ACT, 2013 Dear Members, Notice is hereby given that the resolutions set out below are proposed for approval by the members of Coral Laboratories Limited (“the Company”) by means of Postal Ballot, only by remote e-voting process (“e- voting”) being provided by the Company to all its members to cast their votes electronically, pursuant to Section 110 of the Companies Act, 2013 (“the Act”), Rule 22 of the Companies (Management and Administration) Rules, 2014 (“the Rules”) and other applicable provisions of the Act and the Rules, General Circular Nos. 14/2020 dated April 8, 2020 and 17/2020 dated April 13, 2020 and various subsequent circulars issued in this regard, the latest being General Circular No. 03/2025 dated September 22, 2025 (collectively referred to as “MCA Circulars”), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Secretarial Standard on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India and other applicable laws, rules and regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force). An explanatory statement pursuant to Section 102 of the Act and other applicable provisions of the Act, pertaining to the resolutions setting out the material facts and reasons thereof, is appended to this Notice. Pursuant to Rule 22(5) of the Rules, the Board of Directors of your Company has appointed M/s SARK & Associates LLP, Company Secretaries, as the Scrutinizer to conduct the Postal Ballot through remote e- Voting process in a fair and transparent manner. Pursuant to Section 108 of the Act read with Rule 20 of the Rules and Regulation 44 of the Listing Regulations, The Company has engaged the services of M/s. National Securities Depository Limited (“NSDL”) to provide remote e-voting facility to all its Members. The E-Voting facility is available at the link https://www.evoting.nsdl.com/ from 09:00 a.m. on Tuesday, June 23, 2026 up to 05:00 p.m. on Wednesday, July 22, 2026. E- Voting module will be blocked by NSDL at 05:00 p.m. on Wednesday, July 22, 2026 and voting shall not be allowed beyond the said date and time. The Scrutinizer will submit his Report, in writing, upon completion of scrutiny of E-Voting data provided by NSDL, in a fair and transparent manner. The result on the resolution proposed to be passed through Postal Ballot/E-Voting shall be announced on or before Friday, July 24, 2026 and shall be communicated to BSE where the equity shares of the Company is listed. The results of the Postal Ballot/E-Voting will also be displayed on the Company's website at www.corallab.com. The last date of the E- Voting shall be the date on which the Resolution shall be deemed to have been passed, if approved by the requisite majority. Page 1 of 9 SPECIAL BUSINESS Item No. 1 Approval for increase in remuneration and other facilities to Ms. Meera Doshi holding office or place of profit To consider and, if thought fit, to pass the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 188(1)(f) and other applicable provisions, if any, of the Companies Act, 2013, read with Companies (Meetings of Board and its Powers) Rules, 2014, (including any statutory modification(s) or re-enactment thereof for the time being in force) and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and after taking in to account recommendation of the Nomination and Remuneration Committee (NRC) and Audit Committee (AC) and of the Board of Directors, the consent of the members of the Company be and is hereby accorded for payment of remuneration to Ms. Meera Doshi, Head of Business Strategy and holding office or place of profit, as detailed in the Explanatory Statement attached hereto, subject to remuneration not exceeding ₹ 6,50,000/- (Rupees Six lakh fifty thousand Only) per month together with other benefits, perquisites, allowances, amenities and facilities in accordance with the policy of the Company with effect from August 1, 2026. RESOLVED FURTHER THAT the Board of Directors has the liberty to alter and vary the present remuneration in accordance with the provisions of the Companies Act, 2013, of Ms. Meera Doshi holding office or place of profit within the maximum limit as approved by the members. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to take such steps and to do all such acts, deeds, matters and things as may be required to give effect to the foregoing.” For and on the behalf of Coral Laboratories Limited Sushma Kadkade Director (DIN: 07791735) Place: 3B, Patanwala Compound, L.B.S. Marg, Ghatkopar (West), Mumbai-400086, Maharashtra Date: June 18, 2026 Page 2 of 9 IMPORTANT NOTES: 1. The explanatory statement pursuant to Sections 102 and 110 of the Act stating all material facts and the reasons for the proposal is annexed herewith. 2. Relevant documents referred to in the accompanying Notice and the Statement are open for inspection by the members at the Registered Office of the Company on all working days during business hours till the conclusion of the Postal Ballot voting period, i.e., July 22, 2026. 3. The Postal Ballot Notice is being sent to the shareholders of the Company, whose names appear in the Register of Members/List of Beneficial Owners as received from the Depositories as on Friday, June 19, 2026. 4. The Postal Ballot Notice is being sent by electronic mode to those members whose e-mail addresses are registered with the Company/Depositories. The Postal Ballot Notice will also be available on the Company’s website at www.corallab.com, on the website of the Stock Exchange i.e. Bombay Stock Exchange, at www.bseindia.com, and on the website of NSDL, i.e., https://www.evoting.nsdl.com/ 5. Shareholders are requested to vote through the remote e-voting process only 6. Shareholders whose names appear in the Register of Members/List of Beneficial Owners as on the Cut Off date, i.e., Friday, June 19, 2026, will be considered for the purpose of e-voting. 7. Resolutions pa [Showing first 8,000 characters — download PDF for full document]