To take the approval of Board for Incorporation of Wholly-owned Subsidiary of Earkart Limited

Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai – 400 001 Maharashtra, India Scrip Name : Earkart Limited Scrip Code : 544549 ISIN : INE1A8F01035 Subject : Outcome of the Meeting of the Board of Directors held on Thursday, 24 September 2026 and disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Incorporation of a Wholly-Owned Subsidiary Time of Commencement : 03:00 PM Time of Conclusion : 03:36 PM Dear Sir / Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), read with Para A of Part A of Schedule III of Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026, we would like to inform you that the Board of Directors has approved the incorporation of a Wholly-Owned Subsidiary ('WOS') in the name and style of “SkillNest Educations Private Limited” or such other name as may be approved by the Registrar of Companies. The relevant details as required under the SEBI Listing regulations read with SEBI master circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 are provided in Annexure A, enclosed herewith. The same will be made available on the Company's website https://www.earkart.in This is for your information, records and appropriate dissemination. Thanking You. Yours faithfully, For Earkart Limited (formerly known as “Earkart Private Limited”) Preeti Srivastava Company Secretary & Compliance Officer Membership No: A31615 Date : 24 September 2026 Place : Noida Encl: a/a Annexure-A Information as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. No. Particulars Description 1. Name of the entity proposed to be The Board of Directors has approved incorporated and details in brief such incorporation of a Wholly-Owned Subsidiary as size, turnover etc. in the name and style of “SkillNest Educations Private Limited” or such other name as may be approved by the Registrar of Companies. Being newly incorporated, the proposed WOS has no operations, turnover or net worth as on date. 2. Whether the incorporation would fall Upon incorporation, the proposed Wholly- within related party transaction(s) and Owned Subsidiary will become a subsidiary whether the promoter/ promoter of the Company and consequently a related group/ group companies have any party of the Company in accordance with interest in the entity being the applicable provisions of the Companies incorporated? If yes, nature of interest Act, 2013 and the SEBI Listing Regulations. and details thereof and whether the same is done at “arms length” Except as stated above, the Promoters, Promoter Group and Group Companies have no interest in the transaction. 3. Industry to which the entity belongs Education / Education-related services. 4. Objects and effects of incorporation The proposed Wholly-Owned Subsidiary is (including but not limited to, disclosure being incorporated to expand and diversify of reasons for incorporation of target the business operations of the Company. entity, if its business is outside the The main object of the proposed WOS shall main line of business of the listed be to maintain, manage, promote, upgrade entity); and expand educational institutions, centres and colleges on behalf of or as proxy of existing trusts or societies, including providing operational support services such as supply chain management, consulting, development, day-to-day management, procurement, accounting and human resource management. The proposed WOS will operate in the education-related services sector, which is different from the existing business activities of Earkart Limited. The incorporation is intended to explore business opportunities and create a separate platform for undertaking education-related activities. 5. Brief details of any governmental or Incorporation approval from the Registrar regulatory approvals required for the of Companies under the Companies Act, incorporation 2013. 6. Indicative time period for completion of The incorporation process shall be incorporation completed upon approval by the Registrar of Companies and completion of necessary statutory filings. 7. Consideration - whether cash Subscription to initial paid-up share capital consideration or share swap or any of INR 1,00,000/- by the Company through other form and details of the same cash consideration. 8. Details of consideration and cost of The Company shall invest INR 1,00,000/- incorporation by way of subscription to 10,000 Equity Shares of INR 10/- each of the proposed WOS. Earkart Limited shall subscribe to 9,999 Equity Shares and 1 Equity Share shall be held by Mr. Rahul Salesha as nominee of the Company. 9. Percentage of shareholding / control 100% — the proposed entity will be a acquired Wholly-Owned Subsidiary. 10. Brief background about the entity The proposed WOS will undertake activities proposed to be incorporated relating to management, promotion and expansion of educational institutions and related services.