Intimation of the Board of Directors'' comment on the fine levied by BSE for delay in submission of statement on shareholder complaints within the period prescribed under Regulation 13(3) of SEBI (LODR).

Date: 15th September 2026 BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 539228 Dear Sir/Ma’am, Sub.: Board Comments on the fine levied by the Bombay Stock Exchange Limited Pursuant to the SEBI Master Circular No. SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026, we wish to inform you that an email received from the Bombay Stock Exchange (BSE) dated 20th August, 2026, concerning a delay in compliance, was placed before the Board of Directors at its meeting held on September 12, 2026. The Board reviewed the matter regarding the delayed submission of statement on shareholder complaints within the period prescribed under this Regulation 13(3) of SEBI Listing Regulations, for the quarter ended June 30, 2026. The Board noted that the delay in the subject submission was entirely unintentional and occurred due to delay in receipt of the relevant data, on account of which the compliance could not be completed within the prescribed timeline and was submitted with a delay of one day. Consequently, the formal submission was delayed by a marginal period. The Board clarified that this issue arose due to purely administrative and procedural reasons, and not on account of any wilful default or lapse on the part of the Company. Further, the company has already paid the fine of ₹1,000 plus 18% GST (total amounting to ₹1,180) as levied by the BSE. The Board reaffirms its ongoing commitment to maintaining the highest standards of corporate governance and compliance. You are requested to kindly take the same on your record Thanking you FOR GALA GLOBAL PRODUCTS LIMITED VISHAL MULCHANDBHAI GALA Director DIN: 00692090 9/15/26, 11:28 AM Gmail - 539228-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 … CS gala <cs.gala2003@gmail.com> 539228-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance) 3 messages bse.soplodr <bse.soplodr@bseindia.com> Thu, Aug 20, 2026 at 5:54 PM To: "inf.galaglobal@gmail.com" <inf.galaglobal@gmail.com>, "cs.gala2003@gmail.com" <cs.gala2003@gmail.com>, "csvandanabaldi@gmail.com" <csvandanabaldi@gmail.com> Cc: "bse.soplodr" <bse.soplodr@bseindia.com> Ref.: SOP-CReview/ QTR-Jun-26 The Company Secretary/Compliance Officer Company Name: Gala Global Products Ltd Scrip Code: 539228 Dear Sir/Madam, Sub: Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance) The company is advised to refer to the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 issued by Securities and Exchange Board of India (SEBI) with respect to penal actions prescribed for non- compliance of certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities. The Exchange had also issued a guidance note regarding the provisions of the said SEBI circular which is disseminated on the Exchange website at the following link: https://www.bseindia.com/downloads1/Guidance_Note_for_SEBI_SOP_Circular.pdf In this regard it is observed that the company is non-compliant/late compliant with the following Regulations for the period mentioned below: Applicable Regulation Fine Fines Compliance Fine payable by the company as on August of SEBI (LODR) prescribed levied for status 20,2026 Regulations, 2015 (*) the quarter (inclusive of GST @ 18 %) Basic Fine GST @ 18 % Total Fine payable Regulation 13(3) Rs. 1,000/- Jun-26 Delayed 1000 180 1180 per day till submission Non-submission of the the date of statement on shareholder compliance. complaints within the period prescribed under this regulation or under any circular issued in respect of redressal of investor grievances Regulation 76 of SEBI NA Jun-26 Non-submission - (Depositories & Participants) Regulation 2018 Non-submission of Reconciliation of share Capital audit Report. https://mail.google.com/mail/u/0/?ik=dbc6b7b587&view=pt&search=all&permthid=thread-f:1874045082519441074&simpl=msg-f:1874045082519… 1/3 9/15/26, 11:28 AM Gmail - 539228-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 … Regulation 6(1) Rs. 1,000 per Jun-26 - 0 0 0 Non-compliance with requirement to appoint a qualified company secretary as the compliance officer Regulation 7(1) Rs. 1,000 per Jun-26 - 0 0 0 Non-compliance with requirement to appoint share transfer agent Total 1000 180 1180 (*) As per the provisions of the circular the fines will continue to be computed further till the time of rectification of the non- compliance to the satisfaction of the Exchange or till the scrip of the listed entity is suspended from trading for non-compliance with aforesaid provisions. The Company is therefore advised to note that as per the provisions of this circular: · The company is required to ensure compliance with above regulation and ensure to pay the aforesaid fines including GST within 15 days from the date of this letter/email, failing which Exchange shall, pursuant to the provisions of the aforesaid circular, initiate action related to freezing of the entire shareholding of the promoter in this entity as well as all other securities held in the demat account of the promoter. The company is advised to bring the provisions of this Circular to the notice of the promoter of the company. In this regard, it may also be noted that details of outstanding fines payable pursuant to SEBI SOP Circulars for the prior period, if any, will be provided separately. The SEBI circular stipulates that the freeze on promoter demat accounts should be lifted only after the company complies and pays all the outstanding fines. · Further in the event of this being the second consecutive quarter of non-compliance for Regulation 76 would result in the company being transferred to Z group and liable for suspension of trading of its equity shares. · The company is also advised to ensure that the subject matter of non-compliance which has been identified and indicated by the Exchange and any subsequent action taken by the Exchange in this regard shall be placed before the Board of Directors of the company in its next meeting. Comments made by the board shall be duly informed to the Exchange for dissemination. Yours faithfully Reena Raphel Aarti Jadhav Manager - Listing Compliance Deputy Manager -Listing Compliance In case of any further queries please email the following ids: Particulars Email Id Query on compliance of Reg 6,7,76 Diya.Narwani@bseindia.com Query on compliance of Reg 13(3) Aarti.Jadhav@bseindia.com Query on remittance bse.soplodr@bseindia.com https://mail.google.com/mail/u/0/?ik=dbc6b7b587&view=pt&search=all&permthid=thread-f:1874045082519441074&simpl=msg-f:1874045082519… 2/3 9/15/26, 11:28 AM Gmail - 539228-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 … Company is requested to remit the fine amount to the following designated VIRTUAL BANK ACCOUNT of the Exchange: Company Name Gala Global Products Ltd Account Name Bank Name & Branch Virtual Bank Account No.* IFSC Code BSE Limited ICICI Bank Ltd.- CMS BSER10946 ICIC0000104 Branch *Note: This bank account is specifically dedicated to SOP fines and waiver fees only, Therefore, company is advised not to deposit/credit any amount payable other than SOP fines/penalties/waiver fees. The company is required to submit fine remittance details in the following format given at Annexure I to Email id: bse.soplodr@bseindia.com Annexure-I (On letterhea [Showing first 8,000 characters — download PDF for full document]