As per SEBI (LODR) Rules,2015, 34th AGM of Garnet Construction will be held on 30th September 2026, at 11.00 am.

GARNET CONSTRUCTION LIMITED 34'™ ANNUAL REPORT 2025-2026 Notice is hereby given that the 34" Annual General Meeting of the Members of Garnet Construction Limited will be held on Wednesday, September 30, 2026 at 11:00 a. m. through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”), to transact the following business: Ordinary Business: 1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2026, the statement of Profit and Loss for the year ended on that date together with the Directors’ and Auditors’ Reports thereon. 2. To Appoint a Director in place of Mr. Arun Kumar Kedia (DIN: 00205183), who retires by rotation and being eligible, offers himself for reappointment. Special Business: 3. To consider and, if thought fit, to pass, with or without modifications, the following resolution as an Ordinary Resolution: “RESOLVED THAT Ms. Chahat Sanjaykumar Kedia holding DIN 11621550, who was appointed as an Additional Director of the Company, by the Board of Directors in their Meeting held on 21 March, 2026 under Section 161(1) of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013, (including any statutory modifications or reenactment thereof) and applicable provisions of the Articles of Association of the Company and who holds office upto the date of this Annual General Meeting, be and is hereby appointed as Director of the Company.” 4. To consider To consider and if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution : “RESOLVED THAT in accordance with the provisions of Sections 188, 196, 197, 203, Schedule V of the Companies Act, 2013 (Act) and other applicable provisions of the Act read with Companies (Appointment and Qualification of Directors) Rules, 2014 and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company hereby accords its approval and consent to the appointment of Shri Arunkumar Kedia (DIN : 00205183) as Managing Director of the Company for a period of 5 (five) years with effect from 30" May, 2026 to 29" May, 2031 on the terms, conditions and stipulations including remuneration as recommended by the Nomination and Remuneration Committee and approved by the Board which have been detailed in the Explanatory Statement annexed hereto (which shall form part hereof), with a liberty to the Board of Directors of the Company (hereinafter referred to as “the Board” which terms shall be deemed to include Nomination and Remuneration Committee of the Board) to fix, increase, alter or vary from time to Time RESOLVED FURTHER THAT where in any financial year during the currency of the tenure of said appointee, the Company has no profit or its profits are inadequate, the Company shall pay salary & perquisites as provided under Schedule V to the Companies Act, 2013 as minimum remuneration. 1|Page GARNET CONSTRUCTION LIMITED 34'™" ANNUAL REPORT 2025-2026 RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board of Directors of the Company, be and is hereby authorized to do all such acts, deeds, matters or things as may be necessary, expedient or desirable in the best interest of the Company.” Place: Mumbai By order of the Board of Directors Date: September 5, 2026 Garngt Consfrl\lfix Limited \4/2 o ; fun Kumar Kedia DIN: 00205183 Managing Director 2|Page GARNET CONSTRUCTION LIMITED 34™ ANNUAL REPORT 2025-2026 NOTES 1. The Ministry of Corporate Affairs (MCA) inter alia vide its Circular No. 14/2020 dated April 08, 2020, Circular No.17/2020 dated April 13, 2020 and subsequent circulars, the latest being Circular No.03/2025 dated September 22, 2025 (collectively referred to as “MCA Circulars”), has permitted holding of the Annual General Meeting (“AGM”) through Video Conferencing (“vC”) / Other Audio Visual Means (“OAVM”), without the physical presence of the Members at a common venue. In compliance with the provisions of the Companies Act, 2013 (“Act”), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and MCA Circulars, the AGM of the Company is being held through VC / OAVM. The deemed venue for the AGM shall be the Registered Office of the Company. 2. Pursuant to the provisions of the Act, although a Member entitled to attend and vote at the AGM is allowed to appoint a proxy to attend and vote on their behalf, the physical attendance of Members has been dispensed with for this AGM. Therefore, the facility for appointing proxies by the Members will not be available for this AGM and consequently, the Attendance Slip and Proxy Form are not annexed to this Notice. However, corporate members are entitled to appoint authorized representatives to attend the AGM through VC/OAVM, partncupate therein and cast their votes via e-voting. 3. Corporate Members are requested to send to the Company, at its registered office a duly certified copy of Board Resolution authorizing their representative to attend and vote at the AGM. 4. The Members can join the AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the AGM without restriction on account of first come first served basis. 5. Annual Report 2026 and this Notice are being sent through electronic mode to those Members whose email addresses are registered with the Company/Depository Participants. The physical copy of Annual report 2026 and this Notice will be sent to those members who request for the same. Members may note that the Annual Report 2026 and this Notice can be accessed at the Company’s website at viz.www.garnetconstructions.com and can also be accessed from the websites of the Stock Exchange i.e. BSE Limited at www.bseindia.com and also on the website of National Securities Depository Limited ('NSDL') (agency for providing the Remote e-Voting facility) at https://www.evoting.nsdl.com. 6. The Explanatory Statement, pursuant to Section 102(2) of the Companies Act, 2013 are annexed thereto. 7. Asthe AGM will be held through VC/OAVM, the requirement of providing the Route map for the AGM Venue does not apply. 8. The attendance of the Members attending the AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013. In case of Joint Holders attending the meeting, only such joint holder who is higher in the ordeorf names will be entitled to vote. 3|Page GARNET CONSTRUCTION LIMITED 34" ANNUAL REPORT 2025-2026 VOTING RESULTS & SCRUTINIZER RELATED INFORMATION 9. Ms. Neetu Maheshwari (COP 13397) has been appointed as the Scrutinizer for conducting the e-voting process in a fair and transparent manner. 10. The Scrutinizer shall, immediately after the conclusion of voting at the general meeting, count the votes cast at the meeting and votes cast through remote e-voting in the presence of at least two witnesses not in the employment of the Company and make, not later than 48 hrs of conclusion of the General Meeting, a consolidated Scrutinizer’s report of the total votes cast in favour or against, if any, to the Chairman or a person authorized by him in writing who shall countersign the same. 11. The Results declared alongwith the Scrutinizer’s Report shall be placed on the Company’s website www.garnetconstructions.com. and on the website of NSDL within 48 hrs of conclusion of the General Meeting and communicated to the BSE Limited. GENERAL INFORMATION / GUIDELINES FOR SHAREHOLDERS 12. Bri [Showing first 8,000 characters — download PDF for full document]