Shareholders'' approval for Reclassification of Mr. Ravin Gandhi and Ms. Bela Gandhi from Promoter and Promoter Group category to Public Category shareholders of the Company.

4 September 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 524669 Symbol: HESTERBIO Subject: Shareholders’ approval for Reclassification from ‘Promoter and Promoter Group’ category to ‘Public’ category shareholders Reference: Our earlier submissions dated 15 May 2026, 20 May 2026 and 25 July 2026 Dear Sir/Madam: We refer to earlier submissions and pursuant to the provisions of Regulation 30 read with Regulation 31A of the SEBI Listing Regulations, we would like to inform you that the Members of the Company vide the ordinary resolution passed through postal ballot on 3 September 2026 have approved with requisite majority, the Reclassification of Mr. Ravin Gandhi and Ms. Bela Gandhi, part of the Promoter and Promoter Group from ‘Promoter’ Category to ‘Public’ Category. The above individuals are now reclassified to “Public” Category Shareholders and will not be reported as part of the Promoter Shareholders in the shareholding pattern that would be filed by the Company with the Stock Exchanges under Regulation 31 of the SEBI Listing Regulations, going forward. The certified true copy of the resolution passed by the Members of the Company and the No-objection letters of BSE and NSE are enclosed herewith for reference. The voting results have been filed separately. You are requested to take the above information on your record. Sincerely For Hester Biosciences Limited Vinod Mali Company Secretary & Compliance Officer Enclosure: As above CERTIFIED TRUE COPY OF THE ORDINARY RESOLUTION PASSED THROUGH POSTAL BALLOT BY WAY OF E-VOTING BY THE MEMBERS OF THE HESTER BIOSCIENCES LIMITED ON THURSDAY, 3 SEPTEMBER 2026 Reclassification of persons forming part of the Promoter Group from ‘Promoter’ Shareholder to ‘Public’ Shareholder - Ordinary Resolution: “RESOLVED THAT in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI (LODR) Regulations, 2015’) (including any statutory modification(s) or re-enactment thereof, for the time being in force) and in accordance with the No Objection received from BSE Limited vide letter no. LIST/COMP/SJ/150/2026-27 dated 24 July 2026 and National Stock Exchange of India Limited vide letter no. NSE/LIST/COMP/HESTERBIO/594/2026-2027 dated 24 July 2026, respectively, and subject to necessary approvals from such statutory authorities as may be necessary, the consent of the Members of the Company be and is hereby accorded for reclassification the following person forming part of Promoters (hereinafter referred to as the (“Outgoing Promoter Shareholders) from “Promoter” Shareholder to ”Public” Shareholder: Sr. Name of the Type Number of Shares % of Paid-up Shareholder held Capital 1 Mr. Ravin Gandhi Promoter 403,320 4.74 2 Ms. Bela Gandhi Promoter 400,635 4.71 “RESOLVED FURTHER THAT pursuant to provisions of Regulation 31A of SEBI (LODR) Regulations, 2015, the above named Outgoing Promoter Shareholders has confirmed that they are/ have : 1. Not holding more than 10% of the fully paid up equity share capital and voting rights of the Company; 2. Not exercise control over the affairs of the Company, directly or indirectly; 3. Not have any special rights with respect to the Company; 4. Not represented on the Board of Directors of the Company; 5. Not act as a key managerial personnel in the Company; 6. Not a ‘willful defaulter’ as per Reserve Bank of India Guidelines; 7. Not a fugitive economic offender. and shall at all times from the date of such reclassification, continue to comply with conditions mentioned under sub regulation (4) of Regulation 31A of SEBI (LODR) Regulations, 2015, post reclassification from “Promoter” Shareholder to “Public” Shareholder; “ “RESOLVED FURTHER THAT the Company shall continue to comply with conditions mentioned under sub regulation (3)(c) of Regulation 31A of SEBI (LODR) Regulations, 2015, during and after reclassification from “Promoter” Shareholder to “Public” Shareholder process.” “RESOLVED FURTHER THAT Board of Directors and/or the Chief Financial Officer and/or the Company Secretary of the Company be and are hereby severally authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable or expedient in this regard as per the applicable laws and make all necessary filings and to execute all such deeds, documents or writings as are necessary or expedient, to settle any questions, difficulties or doubt that may arise in this behalf and to represent before such authorities as may be required and to do and perform all such acts, deeds and things as may be required to give effect to the above resolution.” ORDINARY RESOLUTION WAS PASSED WITH THE REQUISITE MAJORITY. Certified to be true copy For Hester Biosciences Limited Vinod Mali Company Secretary & Compliance Officer EXPLANATORY STATEMENT SETTING OUT THE MATERIAL FACTS OF SPECIAL BUSINESS PURSUANT TO SECTION 102 AND 110 OF THE COMPANIES ACT, 2013 AND ADDITIONAL INFORMATION AS REQUIRED UNDER THE SEBI LISTING REGULATIONS Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI (LODR) Regulations, 2015’), has provided a regulatory mechanism for reclassification of Promoter Shareholder to ‘Public’ Shareholder. The Board of Directors had received an application dated 14 May 2026 from Mr. Ravin Gandhi and Ms. Bela Gandhi (“Outgoing Promoter Shareholders”) forming part of Promoter Shareholders to re-classify himself as Public Shareholder. The Board of Directors vide resolution passed at the meeting dated 15 May 2026 took note of above application and granted their consent to proceed with the process of reclassification of status of Outgoing Promoter Shareholders from “Promoter” Shareholder to “Public” Shareholder subject to necessary approvals from the stock exchanges where the shares of the Company are listed and further subject to approval of shareholders of the Company and other appropriate statutory authorities, as may be necessary. Accordingly, in response to the Company’s application to the Stock Exchanges on 19 May 2026, the Company received No Objection from the BSE Limited (BSE) vide letter bearing ref. no. LIST/COMP/SJ/150/2026-27 dated 24 July 2026 and National Stock Exchange of India Limited (NSE) vide letter bearing ref. no. NSE/LIST/COMP/HESTERBIO/594/2026-2027 dated 24 July 2026, respectively for reclassification of Outgoing Promoter Shareholders from Promoter Shareholder to Public Shareholder. Details of Outgoing Promoter Group Shareholder are as follows: Sr. Name of the Shareholder Type Number of Shares % of Paid-up held Capital 1 Mr. Ravin Gandhi Promoter 403,320 4.74 2 Ms. Bela Gandhi Promoter 400,635 4.71 Vide the application of Outgoing Promoter Shareholders, they have confirmed that: 1. Does not holding more than 10% of the fully paid-up equity share capital and voting rights of the Company; 2. Does not exercise control over the affairs of the listed entity directly or indirectly 3. Does not have any special rights; 4. Does not represented on the Board of Directors of the Company; 5. Does not act as a key managerial personnel in the Company; and shall at all times from the date of such reclassification, continue to comply with conditions mentioned under Regulation 31A of SEBI (LODR) Regulations, 2015, post reclassification from “Promoter” Shareholder to “Public” Shareholder. Further, the Outgoing Promoter Shareholders has confirmed in their individual capacity that they are neither a ‘wilful defaulter’ as per the Reserve Bank of India Guidelines nor a fugitive economic offender. Further, board confirms that the Company post this reclassification: 1. Will be compliant with the requirement for minimum public shareholding as required under Regulation 38 of SEBI (LODR) Regulations, 2015; 2. Trading in Company’s shares has not been suspended by st [Showing first 8,000 characters — download PDF for full document]