Outcome of Board Meeting

September 24, 2026 The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, BKC, Bandra (East), Mumbai - 400 051. SYMBOL: SHANTI Subject: Outcome of the Board Meeting held on Thursday, September 24, 2026. Dear Sir/Madam, Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR”), we wish to inform you that the Board of Directors of the Company at its meeting held today has inter-alia considered and approved: 1. Divestment of 100% equity stake/investment held in its Shaan Agro Oils & Extractions Private Limited (“Shaan”) - a material subsidiary of the Company, subject to the approval of shareholders by means of special resolution. With reference to the above and in compliance with Regulation 30 of SEBI LODR, we hereby inform you that the Board of Directors of the Company at its meeting held today, inter alia, has considered and approved the proposal for divestment of its equity stake/ investment, comprising of 4,56,000 equity shares of Shaan at Rs 0.01/-, to Mr. Abhishek Shivhare for an aggregate consideration of Rs. 4,560 (Rupees Four Thousand Five Hundred and Sixty only), subject to approval of shareholders of the Company by way of special resolution and all such approvals, consents, sanctions and permissions, as may be necessary. The disclosure required under Regulation 30 of the SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (Disclosure Circular), is enclosed herewith as Annexure-A. Kindly note that the meeting of the Board of Directors commenced at 05:30 P.M. and concluded at 05:50 P.M. Kindly take the above on your records and oblige. Thank You. Yours Faithfully, For Shanti Overseas (India) Limited Manish Harishankar Dubey Managing Director DIN:-09582612 Annexure A Disclosure for the Sale or disposal of unit(s) or division(s) or subsidiary of the listed entity Items to be disclosed Details a) The amount and percentage of the turnover or Name of the Material Subsidiary: Shaan Agro Oils & revenue or income and net worth contributed Extractions Private Limited. by such unit or division of the listed entity during the last financial year i.e. 31st March, (Rs. In Lakhs) 2026. Particulars Amount Percentage (INR Cr) Total Income 962.94 51.13% Net worth (81.87) 20.47% b) Date on which the agreement for sale has been Not Applicable entered into c) The expected date of completing of Proposed Transaction will be completed on or before sale/disposal October 30th, 2026. d) Consideration received from such sale/disposal The tentative consideration that the Company expects to get on the completion of the Proposed Transaction for a consideration of Rs.4,560 (Rupees Four Thousand Five Hundred and Sixty only). e) Brief details of buyers and whether any of the Mr. Abhishek Shivhare, residing at Indore buyers belong to the promoter/ promoter group/group companies. If yes, details thereof The Buyer does not belong to Promoter/ Promoter Group/ group companies. f) Whether the transaction would fall within The transaction is not a related party transaction related party transactions? If yes, whether the same is done at “arm’s length” g) Whether the sale, lease or disposal of the Yes. The proposed transaction is for sale/ disposal of undertaking is outside Scheme of Arrangement? shares held in material subsidiary. Further, the If yes, details of the same including compliance transaction shall be undertaken in compliance with with Regulation 37A of LODR Regulations. the applicable provisions of Regulation 37A, including obtaining the requisite approval of the shareholders by way of special resolution, wherever applicable, and subject to such other regulatory/statutory approvals and compliances as may be required. The Company shall ensure that the proposed transaction is completed only after obtaining all requisite approvals and complying with the applicable provisions of the SEBI LODR Regulations and other applicable laws. Post completion of the proposed transaction, Shaan will cease to be a subsidiary of the Company h) Additionally, in case of a slump sale, indicative Not Applicable disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale i) Object and Commercial Rationale for carrying To divest the Company’s entire shareholding in its out such sale, lease or otherwise disposal material subsidiary with a view to streamlining the Company’s business operations, optimising resources and enabling greater focus on its core business activities. j) Details of use of proceeds arising from such The proceeds arising from the proposed sale/disposal sale, lease or otherwise disposal of the material subsidiary will be utilised for the Company’s general corporate purposes and other business requirements, as may be determined by the Board.