Outcome of Board Meeting

CIN: L45200GJ1988PLC011049 Date: 19.09.2026 To, To, BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Bandra Kurla Complex, Street, Fort, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code - 514211 Symbol - SUMEETINDS Dear Sir/Madam, Sub : Outcome of the Board Meeting - Allotment of Equity Shares to Optionally Convertible Redeemable Preference Shareholders upon Conversion of Preference Shares Ref : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) - Outcome of Board Meeting Dear Sir / Madam, In continuation of our intimation to the Stock Exchange(s) on dated 29th July, 2026 , we hereby inform that the Board of Directors of the Company has, interalia, considered and approved in their meeting held today i.e., on 19th September,2026 made allotment of Equity Shares on Preferential Basis upon Conversion of Optionally Convertible Redeemable Preference Share (OCRPs), to the Non-Promoters as follows : Approved the allotment of 84,31,195 Equity Shares of face value of Rs. 2/- ( Rs. Two each) to the Proposed allottees in non-promoter category, by conversion of Optionally Convertible Redeemable Preference Share (OCRPs) on a Preferential Basis in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”), and other applicable laws, at the conversion price of Rs.33.21/- (Rupees Thirty-Three & paise Twenty-one only) (including a premium of Rs. 31.21/-) per Equity Share aggregating upto Rs. 28.00 Crores (Rupees Twenty-Eight Crores only) on non-consideration basis. Disclosure with respect to the Preferential Issue under Regulation 30 of SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure to this letter. CIN: L45200GJ1988PLC011049 We request you to kindly take the above intimation on your records and treat this as compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 11.30 AM and concluded at 12.00 P.M Thanking you, Sincerely, For Sumeet Industries Limited Company secretary ( Anil Kumar Jain ) CIN: L45200GJ1988PLC011049 Annexure A Disclosures in terms of Regulation 30 of the Listing Regulations read with the SEBI Disclosure Circular, in respect of Allotment of Equity Shares Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated September, 2015 Particulars of Securities Details of Securities Type of securities proposed to be Equity Shares of face value of Rs. 2/- each. issued Type of issuance Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable law. Total number of securities Issue of up to 84,31,195 Equity shares of face value of Rs. 2/- proposed to be issued or the total each at a price of of Rs.33.21/- (Rupees Thirty-Three & paise amount for which the securities Twenty one only) (including a premium of Rs. 31.21/-) per will be issued (approximately) Equity Share aggregating upto Rs. 28.00 Crores (Rupees Twenty-Eight Crores only) to non-promoters on conversion of OCRPs recommended by the Board approved in the Board meeting and Shareholders meeting held on 29.07.2026 and 24.08.2026 respectively. Names of the Investors Annexure B Number of investors 6 ( Six ) Issue Price 33.21 (including a premium of Rs. 31.21/-) per Equity Share Category of the Investor Non-Promoter Post Allotment of securities - Not Applicable outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors; In case of convertibles - The Optionally Convertible / Redeemable Preference Share intimation on conversion of (OCRPs) were allotted on Wednesday, 11th Day of December, securities or on lapse of the 2024 in compliance with the NCLT approved Resolution Plan tenure of the instrument; dated 16-07-2024. Further, on expiry of the tenure, the OCRPs are being converted in to Equity Shares. CIN: L45200GJ1988PLC011049 Annexure : B Details of issuance of Allotees are : Pre and post allotment shareholding of the allottee(s) Name of the Allottee Category Pre Issue No. of Post issue holding holding Shares to be allotted No of % No of % shares shares Bank of Baroda Public Nil Nil 48,11,683 48,11,683 0.68 Central Bank of India Public Nil Nil 4,34,146 4,34,146 0.06 Canara Bank Public Nil Nil 2,82,114 2,82,114 0.04 Union Bank of India Public Nil Nil 4,27,642 4,27,642 0.06 IDBI Bank Public Nil Nil 23,28,455 23,28,455 0.33 Sumeet Industries Limited – Public Nil Nil 1,47,155 1,47,155 0.02 Suspense Escrow Account ( Transferred on behalf of Oldenburgische Landesbank AG , Foreign Bank) TOTAL Nil Nil 84,31,195 84,31,195 1.19