Approval for conversion of inter-company loan into equity shares of Krystal Ingredients Private Limited (Wholly Owned Subsidiary).

Manufacturer & Exporters of Essential Oils & Aromatics Chemicals Registered Office: A/410-411, A-Wing, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli West, Mumbai-400079. Maharashtra, India, Tel No: +91-2225185231/25185931 CIN: L24246MH1997PLC111057 Date: September 22, 2026 To, To, Listing / Compliance Department Listing / Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Mumbai – 400 001 Bandra Kurla Complex Bandra (E), Mumbai – 400 051 BSE CODE: 544491 NSE SYMBOL: GEMAROMA Sub: Intimation pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) — Approval for conversion of inter-company loan into equity shares of Krystal Ingredients Private Limited (“Wholly Owned Subsidiary”) Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, we wish to inform you that the Executive Committee of the Board of Directors of the Company, at its meeting held on September 22, 2026, authorized and approved the conversion of pre-existing inter- company loans into equity shares of Wholly owned subsidiary. The transaction does not involve any fresh infusion of capital by the Company and solely involves conversion of the pre-existing inter-company loans into equity shares of Wholly owned subsidiary. The meeting commenced at 5.00 P.M. and concluded at 5.15 P.M. The detailed disclosure as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure-A. The same will be available on the website of the Company at www.gemaromatics.com. Kindly take the above information on record. Thanking you, Yours faithfully, For Gem Aromatics Limited Kaksha Vipul Parekh Whole-Time Director & CFO DIN: 00235998 Enclosed: As Above Corporate Office: A/503, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli (W), Mumbai, Maharashrta, India, Pin - 400079. Facility 1: Plot No 2, Survey No.16/4/2, Near Alok Industries, Village Rakholi, Silvassa, Dadra & Nagar Haveli, Pin - 396230.Facility 2: Khasara No 8,9,10,126, Village Gathona, Ujhani Budaun Road, District: Budaun, UP, India, Pin # 243639. E-mail: secretarial@gemaromatics.in Web: www.gemaromatics.in Manufacturer & Exporters of Essential Oils & Aromatics Chemicals Registered Office: A/410-411, A-Wing, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli West, Mumbai-400079. Maharashtra, India, Tel No: +91-2225185231/25185931 CIN: L24246MH1997PLC111057 Annexure-A Name of the target entity, details in Name of the target entity: Krystal Ingredients Private brief such as size, turnover etc. Limited (“Krystal”) Turnover FY 2025-26: ₹3,23,296.64 (in Thousands) Net Worth FY 2025-26: ₹5,98 643.63 (in Thousands) Whether the acquisition would fall Krystal Ingredients Private Limited, a Wholly Owned within related party transaction(s) Subsidiary of the Company is a related party of the and whether the Company. promoter/promoter group/group companies have any interest in the Promoters of Gem Aromatics Limited are Directors on the entity being acquired? If yes, nature Board of Krystal Ingredients Private Limited. of interest and details thereof and whether the same is done at “arm's Furthermost, as the transaction is between holding length” company and its wholly owned subsidiary, it is exempt from the provisions applicable to Related Party Transaction under Listing Regulations. The said transaction is on arm’s length basis. Industry to which the entity being Krystal Ingredients Private Limited is engaged in acquired belongs manufacturing and exporting of Essential Oils, Aroma Chemicals and Specialty Chemicals and other related products. Objects and impact of acquisition The objective of the proposed conversion is to strengthen its (including but not limited to, capital base and to provide greater financial flexibility to disclosure of reasons for acquisition support its business operations and future growth plans. of target entity, if its business is outside the main line of business of the listed entity) Brief details of any governmental or No regulatory approvals are required for the acquisition. regulatory approvals required for the acquisition Indicative time period for The acquisition will be completed within one month from completion of the acquisition the receipt of requisite approvals. Corporate Office: A/503, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli (W), Mumbai, Maharashrta, India, Pin - 400079. Facility 1: Plot No 2, Survey No.16/4/2, Near Alok Industries, Village Rakholi, Silvassa, Dadra & Nagar Haveli, Pin - 396230.Facility 2: Khasara No 8,9,10,126, Village Gathona, Ujhani Budaun Road, District: Budaun, UP, India, Pin # 243639. E-mail: secretarial@gemaromatics.in Web: www.gemaromatics.in Manufacturer & Exporters of Essential Oils & Aromatics Chemicals Registered Office: A/410-411, A-Wing, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli West, Mumbai-400079. Maharashtra, India, Tel No: +91-2225185231/25185931 CIN: L24246MH1997PLC111057 Nature of consideration — whether Conversion of the pre-existing inter-company loan cash consideration or share swap extended by the Company to Krystal Ingredients Private and details of the same Limited into equity shares of Krystal Ingredients Private Limited. Further the said transaction will not involve any fresh infusion of capital. Cost of acquisition and/or the price The equity shares of Krystal Ingredients Private Limited are at which the shares are acquired proposed to be acquired at an issue price ₹47,710/- per share (comprising face value of ₹10/- and premium of ₹47,700/-). Percentage of shareholding/control The said investment will not cause any change in the acquired and/or number of shares percentage of the equity shareholding of the Company in acquired Krystal Ingredients Private Limited. Krystal Ingredients Private Limited will continue to remain a 100% wholly owned subsidiary of the Company. Brief background about the entity Krystal Ingredients Private Limited is a company acquired in terms of products/line incorporated under the Companies Act, 2013, having its of business acquired, date of registered office at A/410, Kailash Complex, Powai Vikhroli incorporation, history of last 3 years Link Road, Parksite, Vikhroli (West), Mumbai – 400079, turnover, country in which the Maharashtra, India. acquired entity has presence and any other significant information Date of Incorporation: April 22, 2021 Country: India Line of Business: Manufacturing of essential oils, aroma chemicals and specialty chemicals. Last 3 years Turnover (₹ in Thousands): FY 2025-26: 3,23,296.64 FY 2024-25: 29,027.46 FY 2023-24: 1,111.35 Corporate Office: A/503, Kailash Ind. Complex, Powai Vikhroli link Rd, Vikhroli (W), Mumbai, Maharashrta, India, Pin - 400079. Facility 1: Plot No 2, Survey No.16/4/2, Near Alok Industries, Village Rakholi, Silvassa, Dadra & Nagar Haveli, Pin - 396230.Facility 2: Khasara No 8,9,10,126, Village Gathona, Ujhani Budaun Road, District: Budaun, UP, India, Pin # 243639. E-mail: secretarial@gemaromatics.in Web: www.gemaromatics.in