Board of Director in the board meeting dated 19.09.2026 has approved the issuance and allotment of warrants convertible into shares to promoter subject to approval from shareholders.

Corporate Office & Central Laboratory: Survey No.9/1, Near Tulsiyana Industrial Park, Gram Kumedi-453555 (MP) INDIA Tel: +91 0731-3501112 Email: compliance_officer@choksilab.in Website: www.choksilab.in CIN: L85195MP1993PLC007471 19th September, 2026 The Department of Corporate Services BSE Limited Ground Floor, P. J. Tower, Dalal Street, Mumbai - 400 001 Ref: Scrip Code: -526546, ISIN: INE493D01013 Dear Sir, Sub: Outcome of meeting of Board of Directors held on September 19, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with other applicable Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform you that the Board of Directors of Choksi Laboratories Limited at their board meeting held on today i.e. Saturday, September 19, 2026 at the Registered Office of the Company inter-alia, has, considered and approved the following: - 1. Issuance and allotment of upto 3,50,000 (Three Lakh Fifty Thousand) warrants, fully convertible into one fully paid-up equity share of the Company to the Persons belonging to Promoter and Promoter Group, on preferential basis in terms of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the “ICDR Regulations”) as amended, Companies Act, 2013 and other applicable laws, at price of Rs. 177/- (Rupees One Hundred Seventy-Seven Only) per warrant (being the price not less than the minimum price determined with reference to the Relevant Date i.e. September 17, 2026 in accordance with Regulation 165 of the ICDR Regulations) aggregating upto maximum amount of Rs. 6,19,50,000 (Rupees Six Crores Nineteen Lakhs Fifty Thousand Only). The above preferential issue is subject to the approval of shareholders of the Company at the ensuing Extra Ordinary General Meeting (“EGM”) and such regulatory/statutory authorities as may be applicable. The information in connection with the Preferential Issue pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A. ANY OTHER ITEM MAY BE TAKEN UP FOR CONSIDERATION WITH THE PERMISSION OF THE CHAIRMAN AND WITH THE CONSENT OF A MAJORITY OF THE DIRECTORS PRESENT IN THE MEETING 2. Approved Notice of Extra-Ordinary General Meeting, which shall be held on Saturday, the 17th day of October, 2026 through Video Conferencing (“VC”) or Other Audio-Visual Means (“OAVM”); Corporate Office & Central Laboratory: Survey No.9/1, Near Tulsiyana Industrial Park, Gram Kumedi-453555 (MP) INDIA Tel: +91 0731-3501112 Email: compliance_officer@choksilab.in Website: www.choksilab.in CIN: L85195MP1993PLC007471 3. Appointment of CS Surabhi Agrawal, Practicing Company Secretary as Scrutinizer for conducting the e-voting process in the ensuing Extra Ordinary General Meeting of the Company. The Board Meeting commenced at 11.30 a.m. and concluded at 3:50 p.m. Thanking you, Yours faithfully, For CHOKSI LABORATORIES LIMITED PRAKHAR DUBEY Company Secretary & Compliance Officer M. No.: A65011 Encl.: a/a Corporate Office & Central Laboratory: Survey No.9/1, Near Tulsiyana Industrial Park, Gram Kumedi-453555 (MP) INDIA Tel: +91 0731-3501112 Email: compliance_officer@choksilab.in Website: www.choksilab.in CIN: L85195MP1993PLC007471 ANNEXURE-A Disclosure regarding the issue of Warrants on preferential basis as required under Regulation 30 and Schedule III of the Listing Regulations read with the Master Circular: are as under: SN Particulars Details 1 Types of Securities Convertible Equity Warrants proposed to be issued Each warrant shall carry a right to subscribe 1 (one) Equity Share per warrant. 2 Types of Issuance Preferential allotment on a private placement basis in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("ICDR Regulations") and other applicable laws 3 Total number of securities Up to 3,50,000 (Three Lakh Fifty Thousand) Convertible proposed to be issued or the Equity Warrants, each convertible into, or exchangeable for, 1 total amount for which the (one) fully paid-up equity share of the Company having face securities will be issued value of Rs. 10/- (Rupees Ten Only) ("Equity Share(s)") each (Approximately) at a price (including the Warrant Subscription Price and the Warrant Exercise Price) of Rs. 177/- (Rupees One Hundred and Fifty only) each payable in cash ("Warrant Issue Price"), aggregating upto Rs. 6,19,50,000 (Rupees Six Crores Nineteen Lakhs Fifty Thousand Only) ("Total Issue Size"). The price of the warrants has been determined in accordance with the ICDR Regulations. The preferential issue will be undertaken for cash consideration. An amount equivalent to 25% of the Warrant Issue Price shall be payable at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s). The price of the warrants and the number of Equity Shares to be allotted on conversion of warrants shall be subject to appropriate adjustments as permitted under applicable laws. 4 Name of the Proposed Sr. Name of the proposed Maximum Nos. of Allottee’s(s) / Investors investor Warrants to be Corporate Office & Central Laboratory: Survey No.9/1, Near Tulsiyana Industrial Park, Gram Kumedi-453555 (MP) INDIA Tel: +91 0731-3501112 Email: compliance_officer@choksilab.in Website: www.choksilab.in CIN: L85195MP1993PLC007471 No. Allotted 1 Mr. Sunil Choksi 2,00,000 2 Ms. Himika Choksi 1,00,000 3 Mrs. Stela Choksi 50,000 5 Post allotment of securities- The convertible equity warrants are proposed to be allotted outcome of the subscription to Persons belonging to Promoter and Promoter Group. Details of the shareholding of Investors in the Company, prior to and after the proposed Preferential Issue, are as under: Name of Allottees Pre issue *Post issue Shareholding shareholding No. of % of No. of % of shares shar Shares shar ehol ehol ding ding Mr. Sunil Choksi 5,23,192 7.51 7,23,192 9.89 Ms. Himika Choksi 1,000 0.01 1,01,000 1.38 Mrs. Stela Choksi 2,20,000 3.16 2,70,200 3.69 *The post-issue shareholding pattern in the ab ove table has been prepared on the basis that the proposed allottee(s) will subscribe to all the Warrants proposed to be issued to them and that the pre-issue shareholding pattern continues to remain the same. The shareholding pattern has been calculated on a fully diluted basis, assuming conversion of all the Warrants into Equity Shares. In the event that, for any reason, the proposed allottee’s do not or are unable to subscribe to and/or are not allotted the Warrants, the shareholding pattern would undergo corresponding changes. 6 Issue Price Rs. 177/- (Rupees One Hundred Seventy Seven Only) per convertible equity warrants as per ICDR Regulation 7 Number of Proposed 03 (Three) Allottee’s(s)/ Investor 8 In case of convertibles — The tenure of the warrants shall not exceed 18 (eighteen) intimation on conversion months from the date of allotment. Each warrant shall carry a of securities or on lapse of right to subscribe 1 (one) Equity Share per warrant, which the tenure of the may be exercised in one or more tranches during the period instrument; commencing from the date of allotment of warrants until the expiry of 18 (eighteen) months from the date of allotment of the warrants. In the event that, a warrant holder does not exercise the Corporate Office & Central Laboratory: Survey No.9/1, Near Tulsiyana Industrial Park, Gram Kumedi-453555 (MP) INDIA Tel: +91 0731-3501112 Email: compliance_officer@choksilab.in Website: www.choksilab.in CIN: L85195MP1993PLC007471 warrants within a period of 18 (Eighteen) months from the date of allotment of such warrants, [Showing first 8,000 characters — download PDF for full document]