Outcome of the 25th Annual General Meeting

T : +91 (44) 40432205 Mercantile E : admin@mercantileventures.co.in W : www.mercantileventures.co.in 24th September 2026 Department of Corporate Affairs BSE Limited PJ Towers DalaI Street, Fort, Mumbai – 400 00 1. Ref: SCRIP: 538942 Dear Sir, Sub: Proceedings of the 25a Annual General Meeting of the Company The 25th Annual General Meeting (AGM) of Mercantile Ventures Limited was held on Thursday, 24:h September 2026 at 11:00 A.M. (IST) through Video Conference (“VC”) / Other Audio-Visual Means (“OAVM”). The meeting was held through the WebEx Platform facilitated by M/s. Central Depository Services (India) Limited in due compliance with the stipulations of the relevant Circulars of the MCA and SEBI. The meeting commenced at 11 :00 A.M. (IST) and the necessary quorum was present throughout the meetIng. Mr. B Narendran, (DIN: 01159394) Independent Director of the Company was elected as Chairman of the meeting by the Members present in majority. All the other Directors, including the Independent Directors attended the Meeting. Chairpersons of the Audit Committee, Nomination & Remuneration Committee and Stakeholder’s Relationship Committee attended the meeting. The Statutory Auditors and Secretarial Auditors were present at the meeting. The Chairman called the meeting to order and welcomed the shareholders. The Notice of the Meeting was taken as read. The Chairman thereafter proceeded to transact the business as set out in the Agenda of the meeting. The Members were informed about the remote e-Voting facility which was made available between 21st September and 23rd September 2026 to vote on the resolutions and the facility was available for e-voting during the meeting. The following items were transacted at the meeting: Ordinary Business: 1. Adoption of (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon – Ordinary Resolution. 2. Appointment of a director in place of Mr. K Gopalakdshnan (DIN: 0062 1061), who retires by rotation and being eligible, has offered himself for re-appointment – Ordinary Resolution. Mount Road ’age 1 of 2 Guindy Mercantile Ventures Limited (CIN-L65 191TN1985PLC037309) Registered Office : 88 Mount Road, Guindy, Chennai - 600 032 India Mercantile Special Business: 3. Approval of the Material Related Party Transactions with M/s, Southern Petrochemical Industries Corporation Limited (SPIC) – Ordinary Resolution. 4. Re-appointment of Mr. E N Rangaswami (DIN: 06463753) as Whole time Director of the Company for a further period of three years – Special Resolution. Seven shareholders had registered as speaker shareholders for the Meeting. The Chairman invited the registered speaker shareholders to raise their questions. However, none of the registered speaker shareholders were present during the meeting. The Chairman, thereafter, thanked the Members and other participants for their presence. The e-voting was kept open for fifteen minutes after the conclusion of the meeting to facilitate the Members to vote. The meeting concluded at 11.18 A.M. (IST). M/s. KRA & Associates, Practicing Company Secretaries, is the Scrutinizer and their report is awaited. The results will be announced to the Stock Exchange, uploaded on the website of the Company and CDSL on receipt of the report. We request you to kindly take the above on record. Thanking you, Yours faithfully, For Mercantile Ventures Limited E N Rangaswami Vent (DIN: 06463753) dP:: Whole-time Director Vo.88 Mount Rc;ad +MGuin9dv Page 2 of 2