Outcome of Board Meeting

CIN: L45200GJ1988PLC011049 Date: 04.09.2026 To, To, BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code - 514211 Symbol - SUMEETINDS Dear sir, Sub.: Outcome of the Board Meeting held on 4th day of September, 2026 under Regulation 30 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the company at its Board meeting held today i.e., Friday, 4th September, 2026, inter alia considered, approved and taken on record the following matters: PROVIDING LOAN(S)/GUARANTEE(S) AND/ OR PROVIDE SECURITY (IES) IN CONNECTION WITH ANY LOAN UNDER SECTION 185 OF THE COMPANIES ACT, 2013 Considered and approved Loans/ Guarantees /Securities to be provided up to an amount not exceeding in aggregate Rs. 250.00 Crores (Rupees Two Hundred Fifty Crores Only ) at any time, provided that such loan is/are utilized by the following borrowing Companies under section 185 of the Companies Act, 1956 for their respective principal business activities only subject to shareholders approval. 1. Hi Urja Techno LLP (Group Entities: Associate Company) 2. Sumeet Speciality Chips Limited (Group Entities: Wholly Owned Subsidiary Company) AUTHORIZING FOR GIVING ANY LOAN / GUARANTEE AND/OR PROVIDING ANY SECURITY IN CONNECTION WITH LOAN AND/OR MAKING ANY INVESTMENT BY THE COMPANY UNDER SECTION 186 OF THE COMPANIES ACT, 2013 Considered and approved subject to maximum monetary Limit of Rs. 250 Crores (Rupees Two Hundred Fifty Crores Only) notwithstanding the fact that the aggregate of all the loan(s), advance(s), investment(s), guarantee(s) or securities etc. in respect of loan(s) so far given/made and/or proposed to be given/made may exceed the limit of 60% of its paid-up share CIN: L45200GJ1988PLC011049 capital, free reserves and Securities Premium Account or 100% of its free reserves and Securities Premium Account, whichever is higher, as prescribed under section 186 of the Companies Act, 2013 subject to shareholders approval. VARIATION IN THE OBJECTS OF THE RIGHTS ISSUE MENTIONED IN THE LETTER OF OFFER DATED JUNE 08, 2026 Considered and approved to vary the objects / terms of utilization of the right issue proceeds as referred to in the Letter of Offer dated June 08, 2026 in relation to the rights issue of the Company, as given below subject to shareholders approval: ( Rs. In Lakhs ) Particulars Objects/Amount as Amount Proposed Balance to per Letter of Offer Utilized Objects / be utilized dated June 08, 2026 Amounts To invest in setting up of Solar 2,200.00 Nil Nil Nil Power Plant Repayment and/or prepayment, in 2,300.00 900.00 900.00 0.00 full or part, of all or a portion of certain outstanding borrowings availed by our Company, including the interest accrued thereon. To invest in Sumeet Speciality 0.00 0.00 3600.00 3600.00 Chips Limited (WOS*) to operationalize the newly acquired Chips projects (Nakoda Limited- under Liquidation) from NCLT To meet Working Capital 10,000.00 10,000.00 10,000.00 0.00 Requirements General Corporate Purposes 4,990.11 2390.11 4990.11 2600.00 Estimated Issue related expenses 485.00 485.00 485.00 Nil Net proceeds from the Issue 19975.11 19975.11 APPROVAL OF DIRECTORS REPORT The Board has approved the Directors’ Report for the year 2025-26 which is part of the Annual Report and authorized Mr. Radheshyam B. Jaju and Mr. Pratik R Jaju, Directors of the company to sign on the same. TIME AND VENUE OF ANNUAL GENERAL MEETING Considered and approved Notice of the 38th Annual General Meeting ( AGM ) of the members of the Company to be held on Tuesday, 29th September, 2026 at 12.30 P.M. (Indian Standard Time) through Video Conferencing ("VC") or Other Audio Visual Means ("OAVM") to seek members’ approval for the matters/businesses contained in the Notice of AGM. CIN: L45200GJ1988PLC011049 Appointed M/s. Dhirren R. Dave & Co., Practicing Company Secretaries ( UIN:P1996GJ002900) as a Scrutinizer for Annual General Meeting of the Company. Authorized Company Secretary of the Company to send the notice of the Annual General Meeting along with the necessary Certificates and Reports on subject matter mentioned in it. BOOK CLOSURE FOR REGISTER OF MEMBERS FOR AGM The Register of Members of the Company will remain closed from Wednesday, 23rd September, 2026 to Tuesday, 29th September, 2026 (both days inclusive) for the purpose of 38th Annual General Meeting of the company. E-VOTING AT AGM The company is offering e-voting facility to the shareholders which would enable them to cast their vote electronically. This facility is being provided through Bigshare e-voting platform. Please note that the e-voting period starts from Saturday, 26th September, 2026 at 9:00 A.M. IST and ends on Monday, 28th September, 2026 at 5:00 P.M. IST. Further, Shareholders who has not voted during e-voting periods can vote on the date of AGM during the AGM process on the Bigshare E-voting portal (https://ivote.bigshareonline.com). Further, we inform you that Tuesday, 22/09/2026 is the cut-off ( Record date ) for the purpose of offering e-Voting facility to our members in respect of the businesses to be transacted at the 38th Annual General Meeting. The Board Meeting of the company commenced at 11.30 A.M. and concluded at 12.30 PM. This is for your information and record please. For Sumeet Industries Limited Company Secretary ( Anil Kumar Jain )