Outcome of Board Meeting for Appointment of Statutory Auditors and Chief Financial Officer.

3rd September, 2026 The Department of Corporate Services BSE Limited 25th Floor, P. J. Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 531398 Dear Sir/Madam, Sub: Outcome of Board Meeting Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With respect to above and in terms of Clause 7 of Para A of Part A of Schedule III read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors, at its meeting held today i.e., on 3rd September 2026, has, based on the recommendation of the Nomination and Remuneration Committee and/ or Audit Committee, considered and approved the following: 1. Appointment of M/s. K B Nambiar & Associates, Chartered Accountants, (Firm Registration No. 002303S), as the Statutory Auditors of the Company, subject to approval of the Members of the Company at the ensuing 31st Annual General Meeting, in place of the retiring Statutory Auditors, M/s. Srinaga & Giridharan, Chartered Accountants, whose term of office is expiring at the conclusion of the ensuing 31st Annual General Meeting. The brief details of the aforesaid change as prescribed under SEBI Listing Regulations read with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A. 2. Appointment of Mr. Tejagna K. Katpitia (DIN: 00445283), Executive Director, as the Chief Financial Officer (“CFO”) and Key Managerial Personnel (“KMP”) of the Company with effect from 03 September 2026. Consequent to the aforesaid appointment, Mr. Tejagna K. Katpitia shall continue to hold the office of Executive Director and shall additionally discharge the responsibilities of the CFO of the Company. Accordingly, he shall be designated as “Executive Director & Chief Financial Officer” of the Company. The requisite disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with Schedule III thereto, are enclosed as Annexure B. 3. The Board approved the Directors Report for the financial year 2025-26, along with annexures and certificates forming part of it. 4. The Board approved the date and time for calling and holding the annual general meeting of the Company for the financial year ending March 31, 2026, and approved the notice calling the said meeting. The annual general meeting will be held on Wednesday, the 30th day of September 2026 at 11.30 AM (IST) through video conference and other audio-visual means ("VC") at the venue deemed to be at the registered office of the Company. The e-voting period begins on Sunday, 27th September 2026 (09.00 a.m.) and ends on Tuesday 29th September 2026 (5.00 p.m.). The Board appointed CS Kirana K R, Practicing Company Secretary, as the scrutinizer for the e-voting process. 5. The Board, pursuant to the provisions of Section 91 of the Companies Act, 2013, approved the closure of the Register of Members and Share Transfer Books of the Company from Thursday, 24th September 2026 to Wednesday, 30th September 2026 (both days inclusive) for taking record of the Members of the Company for the purpose of the AGM. This is for your information and records, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting Commenced at 11:40 AM and concluded at 12.55 PM. Thanking you, Yours truly, For Source Natural Foods and Herbal Supplements Limited Narasimhan Arvind Varchaswi Managing Director DIN: 00143713 Encl.: as above Annexure A Sr. No Particulars Details 1. Name, Address, e-mail ID of the of Auditor M/s. K B Nambiar & Associates, Chartered Accountants (Firm Registration No. 002303S) Address: CA 14, PNS School Annexe, 20th Main, Koramangala 6th Block, Bengaluru – 560095, Karnataka, India Email Id: admin@kbnambiar.com 2. Reason for change viz. appointment, re- Existing Statutory Auditors of the Company, M/s. appointment, resignation, removal, death or Srinaga & Giridharan, Chartered Accountants shall otherwise; complete their 2nd term at the ensuing 31st Annual General Meeting. Further, based on the recommendation of the Audit Committee, the Board of Directors has approved in its meeting held today, subject to the approval of the Members, the appointment of M/s. K B Nambiar & Associates, Chartered Accountants (Firm Registration No. 002303S), as Statutory Auditors of the Company. 3. Date of appointment & Term of Date of Appointment: From the date of ensuing annual appointment general meeting, i.e. September 30, 2026 Term of appointment: subject to the approval of the Members for a period of 5 consecutive years (From F.Y. 2026-27 till F.Y. 2030-31) commencing from the conclusion of the ensuing 31st Annual General Meeting until the conclusion of the 36th Annual General Meeting. 4. Brief profile K.B. Nambiar & Associates, Chartered Accountants (Firm Registration No. 002303S), is a mid-sized full- service Chartered Accountancy firm based in Bengaluru, established in 1985. The firm has extensive experience in statutory and internal audits, taxation, corporate laws, financial management, due diligence, valuations and business advisory services. The firm has a Peer Review Certificate issued by the Peer Review Board of ICAI, valid up to 30 September 2028. The firm is headed by four partners and has a strategic association with the Kreston Menon Group, UAE. 5. Disclosure of relationships between Not applicable. directors (in case of appointment of a director) Annexure B Particulars Details Reason for change viz. appointment, resignation, Pursuant to the recommendation of the Nomination and removal, death or otherwise Remuneration Committee and the Audit Committee, the Board of Directors of the Company at its Meeting held on September 3, 2026 has considered and approved the appointment of Mr. Tejagna K. Katpitia, existing Executive Director of the Company as the Chief Financial Officer (“CFO”) and Key Managerial Personnel of the Company(“KMP”), with effect from September 3, 2026. He shall additionally discharge the responsibilities of CFO while continuing as Executive Director. Date of appointment / cessation 03 September 2026 Term of appointment Full-Time employment. Brief profile Mr. Tejagna Kashmira Katpitia is a distinguished business leader with over 25 years of comprehensive experience spanning financial management, business operations, and strategic business development. A commerce graduate with a deep-rooted understanding of financial systems and corporate governance, he has built a track record of driving organisational growth, strengthening internal controls, and delivering sustained financial performance. As a Whole Time Director (Executive Director) of Source Natural Foods and Herbal Supplements Limited since September 2017, Mr. Katpitia has been an integral part of the Company's leadership and governance framework. He has contributed actively to the Company's strategic direction, financial oversight, and operational governance — playing a pivotal role in the Company's impressive growth from revenues of approximately ₹ 19.8 crores in 2022-23 to ₹ 45 crores in 2024-25, representing over 127% growth in three years. His deep familiarity with Source Natural's financial architecture, working capital requirements, cost structure, and growth trajectory uniquely positions him to lead the finance function as Chief Financial Officer. He brings to the role a comprehensive understanding of the Company's operations across manufacturing, multi-channel distribution, digital commerce, and international markets. Throughout his career, Mr. Katpitia has demonstrated strong leadership across diverse business functions, with particular depth in financial planning and analysis, P&L ownership, business development strategy, regulatory compliance, and stakeholder management. His experience in the FMCG and natural products sector — an industry characterised by rigorous quality standards, complex supply chains, and competitive market dynami [Showing first 8,000 characters — download PDF for full document]