Outcome of Board Meeting

07th September, 2026 The Manager The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Corporate Relationship Department Bandra Kurla Complex, Bandra (E), Mumbai – 1st Floor, New Trading Ring, Rotunda 400 051 Building, P.J Towers, Dalal Street, Fort, ISIN Code- INE370E01029 Mumbai -400001 NSE Scrip code - VIVIDHA BSE Scrip ID – VIVIDHA BSE Scrip Code - 506146 Subject: Outcome of the Board Meeting held today i.e., 7th September, 2026 Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir(s), This is to inform you that the Board of Directors of M/s. Visagar Polytex Limited (“the Company”) in their meeting held today i.e., Monday, 07th September, 2026, has approved and taken on record the following items: 1. Approved and took on record the valuation report received from Mr. Bhavesh M Rathod, Registered Valuer (Registration No. IBBI/RV/06/2019/10708) dated 4th September, 2026. 2. Approved and took note of the Fairness Opinion received from M/s Navigant Corporate Advisors Limited, SEBI Registered Category I Merchant Banker, SEBI Registration No. INM000012243 dated 7th September, 2026 3. Took note of the Pricing Certificate under Regulation 158 of SEBI (Issue of Capital and Disclosure Requirements), Regulations, 2018 received from M/s Vijay S. Tiwari & Associates Membership No.: 33084 COP No.: 12220 dated 7th September, 2026 4. Approved the Draft Composite Scheme of Arrangement, inter alia, providing for: i. Reduction of the issued, subscribed and paid-up equity share capital of the Company under Section 66 of the Companies Act, 2013, along with adjustment of the Share Forfeiture Account, towards writing off accumulated losses. ii. Consolidation of the reduced equity shares to restore the face value to Re. 1/- per equity share. VISAGAR POLYTEX LIMITED 907/908, Dev Plaza, S. V. Road, Opp. Andheri Fire Station, Andheri (W), Mumbai, Maharashtra, 400058 Tel. No. 022-67424815 Email ID: contact@visagar.com Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215 iii. Infusion of fresh capital through preferential issue of equity shares and warrants, subject to applicable laws and regulations. 5. Approved the Notice convening the 43rd Annual General Meeting (“AGM”) of the Company to be held on Wednesday, 30th September, 2026 at 11:00 a.m. at “Vyanjan Banquet Hall”, 46, First Floor, Oshiwara Link Plaza, Next to Oshiwara Police Station, Near Maheshwari Bhawan, Above “Vyanjan” Sweets, Link Road Extension, Andheri (West), Mumbai - 400102, and the matters to be placed before the Members thereat. 6. Approved the Annual Report for the Financial Year 2025-26, including the Management Discussion and Analysis Report, Directors’ Report and annexures thereto. 7. Took note of the resignation of M/s. Bhatter & Associates, Chartered Accountants, as Statutory Auditors of the Company and, based on the recommendation of the Audit Committee, appointed Ms. Riddhi Kishor Trivedi, Chartered Accountant (Membership No. 611547), as Statutory Auditor of the Company to fill the casual vacancy caused by such resignation, subject to approval of the Members at the ensuing 43rd Annual General Meeting, to hold office until the conclusion of the said AGM. The Board further approved her appointment as Statutory Auditor of the Company from the conclusion of the 43rd Annual General Meeting until the conclusion of the 48th Annual General Meeting, subject to approval of the Members at the ensuing AGM. The details required to be disclosed under Regulation 30 of the SEBI LODR Regulations read with the Master Circular are set out in Annexure I (Reduction and Consolidation of Share Capital) and Annexure II (Preferential Issue of Equity Shares and Warrants) to this letter. Please note that the Board meeting commenced at 05.30 p.m.to conclude at 10.30 p.m. You are requested to take the information on your records. On behalf of the Board For Visagar Polytex Limited Tilokchand Manaklal Kothari Managing Director DIN: 00413627 VISAGAR POLYTEX LIMITED 907/908, Dev Plaza, S. V. Road, Opp. Andheri Fire Station, Andheri (W), Mumbai, Maharashtra, 400058 Tel. No. 022-67424815 Email ID: contact@visagar.com Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215 SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Annexure I — Reduction and Consolidation of Share Capital S. Particulars Details 1 Details and reasons for The restructuring is proposed to rationalise the restructuring Company’s paid-up capital in line with its available net assets, write off accumulated losses and the Share Forfeiture Account balance without cash outflow, present a true and fair financial position, simplify the share capital structure, and facilitate the proposed capital infusion for future growth. 2 Quantitative and/ or The Proposed Capital reduction would not have any qualitative effect of adverse effect on the interest of other shareholders. As restructuring; there is no outflow of/ payout of funds from the Company, hence the interest of the creditors is not adversely affected. 3 Details of benefit, if any, to No additional benefit is being derived by the the promoter/promoter promoter/promoter group/from such proposed restructuring in the capacity of being group/group companies promoter/promoter group/ of the Company. from such proposed restructuring; On account of cancellation of share capital, there would be a proportionate change in shareholding percentage of each shareholder (i.e. Promoter and Public) in proportion of their existing shareholding. 4 Brief details of change in On account of cancellation of share capital, there shareholding pattern (if any) would be a proportionate change in shareholding of all entities. percentage of each shareholder (i.e. Promoter and Public) in proportion of their existing shareholding. 5 Consolidation ratio; 100:1 6 Rationale behind the The consolidation of shares is being done to restore consolidation; the face value of Each share to Re. 1/- VISAGAR POLYTEX LIMITED 907/908, Dev Plaza, S. V. Road, Opp. Andheri Fire Station, Andheri (W), Mumbai, Maharashtra, 400058 Tel. No. 022-67424815 Email ID: contact@visagar.com Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215 7 Pre and post share capital – Pre- Share Capital authorized, paid-up and Authorised capital: ₹80,00,00,000. subscribed; Issued, subscribed and paid-up capital Issued, subscribed and paid-up capital of ₹29,27,00,534 comprising 29,27,00,534 equity shares of face value Re. 1/- each, fully paid-up, as on 31st March, 2026. Post- Share Capital Authorised capital: ₹80,00,00,000. Issued, subscribed and paid-up capital Issued, subscribed and paid-up capital of ₹29,27,005 comprising 29,27,00,534 equity shares of face value Re. 0.01/- each, fully paid-up. 8 Expected time of completion Conditional upon approval of scheme from NCLT. 9 Class of shares which are Equity Shares consolidated 10 Number of shares of each Pre-Consolidation (immediately after reduction) class pre and post Issued, subscribed and paid-up capital of ₹29,27,005 comprising 29,27,00,534 equity shares of face value consolidation; Re. 0.01/- each, fully paid-up. Post-Consolidation (100 shares of Re. 0.01 consolidated into 1 share of Re. 1) Issued, subscribed and paid-up capital of ₹29,27,005 comprising 29,27,005 equity shares of face value Re. 1/- each, fully paid-up. 11 Number of shareholders who [.] did not get any shares in consolidation and their pre- consolidation shareholding. VISAGAR POLYTEX LIMITED 907/908, Dev Plaza, S. V. Road, Opp. Andheri Fire Station, Andheri (W), Mumbai, Maharashtra, 400058 Tel. No. 022-67424815 Email ID: contact@visagar.com Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215 Annexure II — Preferential Issue of Equity Shares and Warrants S. Particulars Details 1 Type of securities proposed 3,00,00,000 (Three Crore) Cash Preferential Equity to be issued. Shares of face value Re. 1/- each, [Showing first 8,000 characters — download PDF for full document]