Shareholders meeting

18th September, 2026 The Secretary The Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra (E), Dalal Street, Mumbai-400001 Bandra Kurla Complex, Mumbai-400005 Scrip Code: 540952 Symbol: LAL Dear Sir / Madam, Sub.: Proceedings of the 19th Annual General Meeting of the Company. In continuation to our earlier communication(s), we wish to inform you that the 19th Annual General Meeting ("AGM") of the Members of Lorenzini Apparels Limited ("Company") was held today, i.e. Friday, September 18, 2026, through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"). The AGM commenced at 04:00 P.M. (IST) and concluded at 04:25P.M. (IST) Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A of Schedule III thereto, please find enclosed the summary of proceedings of the AGM. This intimation will also be hosted on the Company's website viz. www.monteil.in Kindly take the same on record. For and on behalf of Lorenzini Apparels Limited Sandeep Jain Managing Director DIN: 02365790 SUMMARY OF PROCEEDINGS OF THE 19TH ANNUAL GENERAL MEETING OF LORENZINI APPARELS LIMITED The 19th Annual General Meeting ("AGM") of the Members of Lorenzini Apparels Limited ("Company") was held today, i.e. Friday, September 18, 2026 at 04:00 P.M. (IST) through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"), in compliance with the provisions of the Companies Act, 2013, read with the rules made thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (if applicable), and applicable circulars issued by the Ministry of Corporate Affairs ("MCA") and the Securities and Exchange Board of India ("SEBI"), from time to time, in this regard. The AGM commenced at 04:00 P.M. (IST) and concluded at 04:25 P.M. (IST). Directors / Key Managerial Personnel present through VC: 1. Mr. Sandeep Jain, Chairman, Managing Director and Chief Financial Officer of the Company. 2. Mr. Rajit Sehgal, Non-Executive Director. 3. Mr. Ish Sadana, Independent Director. 4. Mrs. Monam Kapoor, Independent Director. 5. Ms. Supreet Kaur Rekhi, Non-Executive Director. 6. Ms. Sapna Khanna, Independent Director. 7. Ms. Neha Singhal, Company Secretary & Compliance Officer. Other Representatives Present: 8. Mr. Anuj Gupta, Practicing Company Secretary, Secretarial Auditor of the Company and Scrutinizer for the AGM. 9. Representative(s) of M/s. Mittal & Associates, Chartered Accountants, New Delhi, and Statutory Auditors of the Company for the Financial Year ended March 31, 2026. 10. Representative(s) of M/s. A D M S & Associates, Chartered Accountants, Maharashtra, Statutory Auditors appointed to fill the casual vacancy. 11. Representative(s) of M/s. KMRG & Associates, Internal Auditor of the Company. Quorum 41 members were present at the AGM through VC/OAVM, and the requisite quorum under Section 103 of the Companies Act, 2013 was confirmed to be present. Ms. Neha Singhal, Company Secretary and Compliance Officer of the Company, welcomed the Members to the 19th AGM and confirmed that the meeting was being conducted through VC/OAVM in accordance with the framework referred to in the Notice of the AGM. She confirmed that the requisite quorum was present and, with the permission of the Chairman, called the meeting to order. She introduced the Chairman, Directors, Statutory Auditors, Internal Auditor and the Secretarial Auditor & Scrutinizer present at the meeting, and requested Mr. Sandeep Jain, Chairman, Managing Director and Chief Financial Officer of the Company, to chair the proceedings. Chairman's Address Mr. Sandeep Jain, Chairman, Managing Director and Chief Financial Officer of the Company, welcomed the Members and thanked them for their continued support. The audited financial statements of the Company for the year ended March 31, 2026, together with the Directors' Report and annexures thereto, having already been circulated to the Members, were taken as read. The Chairman briefed the Members on the operational highlights for the Financial Year 2025-26. He informed that the Company earned a profit after tax of ₹435.28 Lakh for FY 2025-26, as against ₹583.64 Lakh in the previous year, and that earnings per share stood at ₹0.25 for FY 2025-26 as against ₹0.34 for FY 2024-25. He attributed the approximately 16.85% decline in profit primarily to the ongoing Middle East crisis, which affected the ability of the Company's third-party manufacturers to import required raw materials. He informed the Members that, in view of the Company's funding requirements for future business opportunities, the Board had decided not to recommend any dividend for FY 2025-26. Agenda Items With the permission of the Chairman, the Company Secretary read out the agenda items set out in the Notice of the 19th AGM and confirmed that there were no qualifications or adverse remarks in the reports of the Statutory Auditors or the Secretarial Auditor for FY 2025-26. She also confirmed that the relevant statutory registers and documents referred to in the Notice were made available for inspection in the manner stated therein, and that the Company had availed the services of Central Depository Services (India) Limited (CDSL) for remote e-voting and e-voting during the AGM. Res. Details of the Resolution Type 1 Adoption of audited financial statements of the Company for Ordinary the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon. 2 Re-appointment of Mrs. Supreet Kaur Rekhi (DIN: 10409347) Ordinary as a Director, liable to retire by rotation and being eligible, offering herself for re-appointment. 3 Approval for change of name of the Company from Lorenzini Special Apparels Limited to MONTEIL LIMITED, and consequent alteration to the Memorandum of Association and Articles of Association. 4 Regularisation of appointment of M/s. A D M S & Associates, Ordinary Chartered Accountants, as Statutory Auditors of the Company, appointed by the Board to fill the casual vacancy caused by the resignation of M/s. Mittal & Associates, Chartered Accountants. 5 Appointment of M/s. A D M S & Associates, Chartered Ordinary Accountants, as Statutory Auditors of the Company for a term of five years, i.e. from the conclusion of the 19th AGM until the conclusion of the 24th AGM (2031), and authorisation to the Board to fix their remuneration. The Company Secretary briefly explained the rationale for each item of Special Business, including the proposed change of the Company's name to MONTEIL LIMITED (approved by the Registrar of Companies) to reflect a more contemporary brand identity without affecting the Company's business, objects, legal status or stakeholder rights, and the regularisation and appointment of M/s. A D M S & Associates as Statutory Auditors following the casual vacancy caused by the resignation of M/s. Mittal & Associates. Speaker Shareholders / Q&A The Members, having registered themselves as speaker shareholders, were invited to express their views and seek clarifications on the agenda items and the performance of the Company: The queries and observations raised by the Members were suitably responded by the Chairman Mr. Sandeep Jain. The Company Secretary thanked the Members for their valuable questions and observations. E-Voting Members present at the AGM through VC/OAVM who had not cast their vote through remote e- voting, and who were otherwise eligible, were provided the opportunity to cast their vote through the e-voting system, which remained open for 15 minutes after the conclusion of the meeting. Members who had already cast their votes through remote e-voting were requested not to vote again. Mr. Anuj Gupta, Scrutinizer, will scrutinize the votes cast through remote e-voting as well as e- voting during the AGM and submit a consolidated Scrutinizer's Report to the [Showing first 8,000 characters — download PDF for full document]