Shareholders meeting

SHAH ALLOYS LTD. Corp. Office: Shah Alloys Corporate House, Sola-Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 Reg. Office : 5/1, Shreeji House, 5th Floor, B/h. M. J. Library, Ashram Road, Ahmedaba d-380006, India Phone: 02764-352929, E-Mail: info@Shahalloys.com, Website: www.shahalloys.com Date: 18th September, 2026 Department of Corporate Service, Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Tower, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Plot No C/1, G-Block, Mumbai – 400001 Bandra – Kurla Complex, Bandra (E), Mumbai – 400051 BSE Scrip Code: 513436 NSE Symbol – SHAHALLOYS Dear Sir(s), Sub: Summary of Proceedings of 36th Annual General Meeting (“AGM”) of the Company held on Friday, 18th September, 2026 pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015. Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that 36th Annual General Meeting of the members of Shah Alloys Limited was held today on Friday, 18th September, 2026 at 12:30 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India. You are requested to take the same on record and acknowledge the receipt of the same. Thanking You. Yours faithfully, For & on behalf of Shah Alloys Limited Narayanlal F. Shah Company Secretary & Compliance Officer M.No.-A30225 CIN: L27100GJ1990PLC014698 Factory: Block No.2221/2222, Shah Industrial Estate, Sola Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 SHAH ALLOYS LTD. Corp. Office: Shah Alloys Corporate House, Sola-Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 Reg. Office : 5/1, Shreeji House, 5th Floor, B/h. M. J. Library, Ashram Road, Ahmedaba d-380006, India Phone: 02764-352929, E-Mail: info@Shahalloys.com, Website: www.shahalloys.com SUMMARY OF PROCEEDINGS OF THE 36th ANNUAL GENERAL MEETING OF SHAH ALLOYS LIMITED The 36th Annual General Meeting (“AGM”) of Shah Alloys Limited (“the Company”) was held today on Friday, 18th September, 2026 at 12:30 P.M. (IST), through Video Conferencing/Other Audio-Visual Means (“VC/OAVM”) facility, in compliance with the General Circulars issued by the Ministry of Corporate Affairs (“MCA”) and Circulars issued by the Securities Exchange and Board of India (“the SEBI”) and as per the applicable provisions of the Companies Act, 2013, and the Rules made thereunder. The deemed venue of the AGM was the Registered Office of the Company, i.e., 5/1 Shreeji House, B/h M.J. Library, Ashram Road, Ahmedabad-380 006. The following Directors & KMP’s were present through VC during the meeting. Name of the Persons Designation 1 Shri Rajendrakumar Shah Chairman & Non-Executive Director 2 Shri Ashok Sharma Whole-time Director & Chief Financial 3 Shri Rajnikant A. Vyas Whole- time Director 4 Shri Mitesh V, Jariwala Independent Director 5 Shri Bipinbhai A. Gosalia Independent Director 6 Smt. Nipa Jairaj Shah Independent Director 7 Shri Narayanlal F. Shah Company Secretary Shri Satwik Durkal, Authorized Representative / Partner of M/s. Parikh & Majmudar, Chartered Accountants, Statutory Auditors and Shri Kamlesh. M. Shah, Practicing Company Secretary, Secretarial Auditor & Scrutinizer attended the meeting through VC. Quorum A total of 38 members attended the meeting. Chairman Shri Rajendrakumar Shah - Chairman & Non-Executive Director, chaired the meeting. Proceedings Shri Narayanlal F. Shah Company Secretary, welcomed the members of the Company and briefed them about the process to participate in the meeting. He informed that the statutory registers and other documents as required under applicable laws, were made available for inspection. It was further informed that as the AGM was being held through VC/OAVM, the facility for appointment of proxies by the members was not applicable and hence, the proxy register was not available for inspection. The members were also briefed about the process for questions & answers. Shri Rajendrabhai V Shah (“the Chairman”) chaired the meeting and welcomed the members to the 36th AGM of the Company. The requisite quorum being present CIN: L27100GJ1990PLC014698 Factory: Block No.2221/2222, Shah Industrial Estate, Sola Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 SHAH ALLOYS LTD. Corp. Office: Shah Alloys Corporate House, Sola-Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 Reg. Office : 5/1, Shreeji House, 5th Floor, B/h. M. J. Library, Ashram Road, Ahmedaba d-380006, India Phone: 02764-352929, E-Mail: info@Shahalloys.com, Website: www.shahalloys.com as per statutory requirements, he called the meeting to order. The Company Secretary briefed about the process of e-voting. It was further informed that Shri Kamlesh. M. Shah, Practicing Company Secretary, (Membership No. A8356 and COP No. 2072) had been appointed as the Scrutinizer to scrutinize the votes cast through e-voting at the AGM & remote e-voting and to submit a consolidated report thereon. Thereafter, the Chairman addressed the Members and highlighted the key parameters for the financial year. The notice of AGM and Annual Report including Director’s Report, Annexures & Financial Statements along with Auditor’s Report thereon were taken as read. Thereafter, all the resolutions were taken up as below. Sr. Resolutions Type of Resolution To receive, consider and adopt the Audited Financial Statements of the Company for the financial year 1 Ordinary Resolution ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon. To appoint a Director in place of Shri Ashok Sharma 2 Ordinary Resolution (DIN 00038360), who retires by rotation and being eligible, offers himself for re-appointment. To approve adoption of new set of memorandum of 3 Special Resolution association and aleration of the object clause by insertion of additional main objects. 4 To approve adoption of new set of articles of Special Resolution association of the company in conformity with the companies act, 2013. 5 Approval for strategic restructuring and various Special Resolution strategic alternatives in relation to the steel plant undertaking including induction of strategic investor/technology partner, lease, relocation, sale or disposal of plant, machinery and other moveable & non-moveable assets. CIN: L27100GJ1990PLC014698 Factory: Block No.2221/2222, Shah Industrial Estate, Sola Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 SHAH ALLOYS LTD. Corp. Office: Shah Alloys Corporate House, Sola-Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721 Reg. Office : 5/1, Shreeji House, 5th Floor, B/h. M. J. Library, Ashram Road, Ahmedaba d-380006, India Phone: 02764-352929, E-Mail: info@Shahalloys.com, Website: www.shahalloys.com 6 Approval for sale, lease, development, Special Resolution redevelopment, joint development or other monetisation of land, buildings and other moveable &immovable assets of the company. Thereafter, the shareholders who have not voted already were requested to vote during the AGM and the speaker shareholders were invited to ask their questions and give their opinions and suggestions, if any, and the same were addressed. The Chairman thanked the members, the Directors and Auditors present at the meeting for their participation. The AGM remained open for 30 minutes for e-voting & concluded at 01.25 P.M. (IST) [Including time allowed for e-voting at the AGM]. The Company Secretary proposed a vote of thanks to the Chair and the Meeting ended. Thanking You. Yours faithfully, For & on behalf of Shah Alloys Limited Narayanlal F. Shah Company Secretary & Compliance Officer M.No.-A30225 CIN: L27100GJ1990PLC014698 Factory: Block No.2221/2222, Shah Industrial Estate, Sola Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar-382721