Summary of Proceedings of 42nd Annual General Meeting.

RIGA SUGAR CO LTD (Wholly owned subsidiary of Nirani Sugars Limited) CIN: L15421WB1980PLC032970 Website: www.rigasugar.com September 15, 2026 Listing Department, BSE Limited Scrip Code: 507508 Sub.: Summary of Proceedings of the 42nd Annual General Meeting Dear Sir / Madam, Please find enclosed the summary of proceedings of the 42nd Annual General Meeting of the Company, held today i.e. Tuesday, September 15, 2026 at 12:00 noon (IST) through video conferencing / other audio-visual means. Kindly take the same on record. This disclosure will also be hosted on the Company’s website viz. www.rigasugar.com. Thanking you, Yours truly, For Riga Sugar Company Limited Saurav Singh Company Secretary and Compliance Officer Membership No.: A63910 Encl.: As above Registered Office Corporate Office 14 Netaji Subhas Road, 2nd Floor, P S Hare Street, #S-904, 9th Floor, World Trade Centre, Brigade Gateway Kolkata, West Bengal, India, 700001 Tel: 9766057999 Campus, Rajajinagar, Karnataka, India-560055 Email: riga.cgm@niranigroups.com Tel: 080-232 56500|23256500 | Email: ho@niranigroups.com RIGA SUGAR CO LTD (Wholly owned subsidiary of Nirani Sugars Limited) CIN: L15421WB1980PLC032970 Website: www.rigasugar.com Summary of Proceedings of the 42nd Annual General Meeting of Riga Sugar Company Limited The 42nd Annual General Meeting (“AGM”) of the members of Riga Sugar Company Limited (“Company”) was convened today i.e. Tuesday, September 15, 2026 at 12:00 noon (IST) through video conferencing (“VC”) / other audio-visual means. The AGM was convened in compliance with the general circulars issued by the Ministry of Corporate Affairs (MCA) and other applicable circulars issued by the Securities and Exchange Board of India (SEBI) (hereinafter collectively referred to as “Circulars”) and in accordance with 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. Directors in attendance Mr. Chikkaveerappa Somasekhara - Chairman and Independent Director Through VC from Bangalore, Mr. Vishal Nirani - Managing Director Through VC from Bangalore Mr. Murigeppa Hattikal - Whole-Time Director Through VC from Bagalkot Mr. Vijaykumar Murugesh Nirani - Non-Executive Director Through VC from Bagalkot Mr. Sangamesh Nirani - Non-Executive Director Through VC from Bagalkot Ms. Kamala Murugesh Nirani - Non-Executive Director Through VC from Bagalkot Ms. Shreya Vishal Nirani - Non-Executive Director Through VC from Bangalore Mr. Narendra Mohan - Independent Director Through VC from Kanpur Ms. Udaya Reddy - Independent Director Through VC from Bangalore Key Managerial Personnel in attendance Mr. Mahaveer P. Undri - Chief Financial Officer Through VC from Germany Mr. Saurav Singh - Company Secretary and Compliance Officer Through VC from Bangalore Registered Office Corporate Office 14 Netaji Subhas Road, 2nd Floor, P S Hare Street, #S-904, 9th Floor, World Trade Centre, Brigade Gateway Kolkata, West Bengal, India, 700001 Tel: 9766057999 Campus, Rajajinagar, Karnataka, India-560055 Email: riga.cgm@niranigroups.com Tel: 080-232 56500|23256500 | Email: ho@niranigroups.com RIGA SUGAR CO LTD (Wholly owned subsidiary of Nirani Sugars Limited) CIN: L15421WB1980PLC032970 Website: www.rigasugar.com Other invitees (joined the AGM through VC) Mr. Murugesh Nirani - Founder of MRN Group and Shareholder of Company Through VC from Bagalkot Ms. Dhraksayani Nirani, Shareholder and member of Promoter Group Through VC from Bagalkot Ms. Sushmita Vijaykumar Nirani, Shareholder and member of Promoter Group Through VC from Bangalore Mr. Sandeep Singh Practising Company Secretary, Scrutinizer Representatives of MUFG Intime India Private Limited Registrar and Share Transfer Agent and e-voting service provider Quorum 9 members holding 1,44,43,405 equity shares were present at the AGM through VC The Chairpersons of all the Committees of the Board, including the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Relationship Committee, were present at the AGM to answer the queries of the members, if any. Mr. Saurav Singh, Company Secretary and Compliance Officer, welcomed the members to the 42nd AGM of the Company. He apprised the members that the AGM was being conducted through VC in accordance with the relevant Circulars, and introduced the Directors, the Key Managerial Personnel and the invitees present at the meeting. He informed the members that the electronic copies of the Notice convening the 42nd Annual General Meeting (“Notice of AGM”) and the Annual Report of the Company for the financial year 2025-26 (“Annual Report”) were sent to all the members whose e-mail addresses are registered / available with the Company, its Registrar and Share Transfer Agent i.e. MUFG Intime India Private Limited (“RTA”) or their Depository Participant(s) (“DP”), and whose names appeared in the register of members of the Company and / or in the register of beneficial owners maintained by National Securities Depository Limited and Central Depository Services (India) Limited as on the cut-off date. The Notice of AGM and the Annual Report were also made available on the website of the Company and on the website of BSE Limited, and the requisite advertisement was published in the newspapers as required under the applicable Circulars. Mr. Singh thereafter confirmed that the requisite quorum under Section 103 of the Companies Act, 2013 was present, and, in accordance with Section 104 of the Companies Act, 2013, requested Mr. Chikkaveerappa Somasekhara, Chairman of the Board, to take the Chair. Mr. Somasekhara took the Chair, welcomed all the members to the 42nd AGM and called the meeting to order. Registered Office Corporate Office 14 Netaji Subhas Road, 2nd Floor, P S Hare Street, #S-904, 9th Floor, World Trade Centre, Brigade Gateway Kolkata, West Bengal, India, 700001 Tel: 9766057999 Campus, Rajajinagar, Karnataka, India-560055 Email: riga.cgm@niranigroups.com Tel: 080-232 56500|23256500 | Email: ho@niranigroups.com RIGA SUGAR CO LTD (Wholly owned subsidiary of Nirani Sugars Limited) CIN: L15421WB1980PLC032970 Website: www.rigasugar.com Mr. Murugesh Nirani, Founder of the MRN Group, addressed the members. He recalled Riga's long history and its deep roots in the agricultural economy of North Bihar, and observed that in acquiring Riga the Group had assumed responsibility for a historic institution. He emphasised that the progress of the nation is inseparable from the progress of its farmers, and that the revival of Riga follows the principle on which the Group was founded, namely that farmers and industry must grow together. He noted that the revival of the mill had created opportunities for farmers, brought employees back to work and restored hope in the region, and affirmed the promoters' commitment to the long-term growth of the Company while respecting the independent role of the Board and the management. Mr. Vijaykumar Murugesh Nirani, Director, thereafter addressed the members. He placed on record his appreciation of the mentorship and guidance extended by the Founder of the MRN Group to the Board and the Riga family, and expressed his satisfaction at being associated with a historic institution established more than nine decades ago. He observed that Riga is situated in a region of considerable agricultural potential in close proximity to the Nepal border, and that the operations of the Company would generate employment for the youth of the region and provide an assured market for the sugarcane grown by the local farmers. He thanked the Chairman, the Board and the Executive Director for their continued guidance in operating the plant in a professional manner with the interests of all stakeholders kept foremost, and expressed confidence in the creation of enduring stakeholder value in the years ahead. Mr. Vishal Nirani, Managing Director, then addressed the members. He recalled that Riga is among the olde [Showing first 8,000 characters — download PDF for full document]