Scrutinizer Report for the 25th AGM of the Company

T : +91 (44) 40432205 Mercantile E : admin@mercantileventures.co.in W : www.mercantileventures.co.in 25tt1 September 2026 Department of Corporate Affairs BSE Limited PJ Towers, DalaI Street, Fort, Mumbai – 400 001. Ref: SCRIP: 538942 Dear Sir, Sub – Voting Results of the 25th Annual General Meeting of the Company. The 25th Annual General Meeting of the Company was held on Thursday, 24th September 2026 at 11.00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means. Pursuant to the provisions of Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had provided remote e-voting facility through CDSL platform to its Members for voting on resolutions proposed in the AGM Notice. E-voting commenced on 21st September 2026 at 09:00 A.M. and ended on 23'd September 2026 at 05:00 P.M. As per the requirements of Rule 20 of the Companies (Management & Administration) Rules, 2014, as amended, Members who had not availed the remote e-voting facility, were provided an opportunity to cast their vote during the Meeting electronically. M/s KRA & Associates, Practicing Company Secretaries were appointed as the Scrutinizer for both remote e-voting and e-voting during the Meeting. The voting by the Members through remote e-voting & during the AGM have been consolidated by the Scrutinizer. They have submitted their report vide copy enclosed. The voting results in the format as specified under Regulation 44(3) of SEBI (LODFI) Regulations, 2015 is also enclosed. As per the Report of the Scrutinizer, all the resolutions proposed in the Notice of the 25th AGM have been duly passed with requisite majority, details of which are furnished in the report Thanking you, Yours Truly, For Mercantile Ventures Limited ’liaer E N Rangaswami B ( WD hIN ol: -0 t6 im46 e3 D75 ir3 e) ctor ia) a C g 3z 0 'Z q) Enel.: Scrutinizer Report Mercantile Ventures Limited (CIN-L65 191TN1985PLC037309) Registered Office : 88 Mount Road, Guindy, Chennai - 600 032 India K8A & A$$OCgATE$ PRAeTgCiNG C©MPANY $ECR£TAR tES PARTNER$ SRI $ ARKaS A GUR8RRiP& iLL aM $$ R.„KANNAN itegG OFF. : No. 6A, a{}th Street, New CcionE Ad3mbakkarn, Chennai - 680 t388 ES AISHWARYA E -Rt8i} ; gkrkgram®yahe©.irl Ph: 044 - 4085&764 SCRUTINIZER’S REPORT [Pursuant to Section(s) 108 of the Companies Act, 2013 read with Rule 20 (4) (xii) of the Companies Management & Admini$trahon] Rules, 2014] T'o, Mr. B NARENDRAN Chairman of the Meeting MERCANTILE VENTURES LIMrrED CiN: L65191TN1985PLC037309 88, mount road Guindy, Chennai, Tamil Nadu, India, 600032. Dear Sir, Sub: Scrutinizer’s Report on the resolutions passed through electronic means (Event no 260827024) conducted for the 25u' Annual General Meeting ( AGM) of MERCANTILE VENTURES LIMITED ("the Company") held on Thursday, September 24, 2026 at U:00 A.M. held through “Video Conferencing" (VC) / “Other Audi@Visual Means" (OAVM) deemed venue i.e., Registered Office of the Company. We, Ws. KRA & ASSOCIATES, Practicing Company Secretaries having office at No. 6A, 10th Street, New Colony, Adambakkam, Chennai - 600 088 were appointed as the Scrutinizer by the Board of Directors of the Company held at its meeting on August 14, 2026, for the purpose to scrutinize the voting process in connection with the Annual General Meeting (" AGM") of the Company, which concluded on Thursday, September 24, 2026, through remote e-vo£rng. The remote e-voting process commenced at 09:00 a.m. on Monday, September 21, 2026 and ended at 05:00 p.irb on Wednesday, September 23, 2026 and venue voting at the AGM held }(RA & ASSOCIATES Continuation Sheet PRACTICING COMPANY SECRETARiES on September 24, 2026 through "Video Conferencing" (VC) / “Other Audio-Visual Means" (O AVM) in a fair and transparent manner under the provisions of Sections 108 of the Companies Act, 2013 (the " Act") read with Rule 20 of the Companies (Management and AdministraHon) Rules, 2014 as amended from time to time, and Circular No. 0:3/2025 dated September 22, 2025, as well as all prior circulars issued in this regard by the Ministry of Corporate Affairs, Government of India (hereinafter collectively referred to as the "MCA Circulars"), Regulation 44 of the Securities and Exchange Board of India (Listing Obligaaon$ and Disclosure Requirements) Regulations, 2015, Secretarial Standard-2 on “General Meetings" issued by the Institute of Company Secretaries of India and other applicable laws and regulations (including any statutory modification(s) or re-enactmart(8) thereof, for the time being in force) in respect of the resolutions as mentioned in the Notice of AGM dated August 14, 2026 for seeking approval of the shareholders. The Management of the Company is responsible to ensure compliance with the requirements of the Companies Act, 2013 and the rules made there under in relation to exercising of voting rights through electronic means on the Resolution(s) as set out in the Notice of AGM dated August 14, 2026. Responsibility as a Scrutinizer: Our responsibility, as a ScruHnizer for the E-voting process for the AGM is restricted to make a Scrutinizer’s report of the votes cast “in favour of" or “agakut" the resolution set out in the Notice of AGM, based on the reports generated from the e-voting system provided by the Central Depository Services (India) Limited (CDSL), the authorised agency engaged by the Company for facilitating remote e-voting and. e-voting facUiUes at the AGM. We further cordirm that the AGM was conducted as per the procedure without any deviations. In this conrlecHon, we submit hereunder the Scrutinizer’s Report on the results of voting, through rentote e-voting and e-voting at the AGM: The members of the Company as on "Cut-off’ date i.e., Thursday, September 17, 2026, were entitled to vote on Ordinary & Special business set out in the AGM iVotice. 2 Cameo Corporate Services Limited (RTA) has transmitted the AGM Notice through email to the Members of the Cornpany on August 29, 2026, whose names appeared in the Register of Members / List of Beneficial Owners maintained by the Company/ Depositoaes, as on August 21, 2026. #- t(RA & ASSOCIATES Continuation Sheet PRACTiCING COMPANY SECRETARIES 3. The remote e-voting process commenced at 09:00 a.in. on Monday, September 21, 2026, and ended at 05:00 p.m. on Wednesday, September 23, 2026. At the end of remote e – votihg period on Wednesday, September 23, 2026, at 05:00 p.m. (IST), the remote e- voting portal was disabled forthwith. Thereafter, the details containing, bIEer alia, list of members who assented or dis sellted to vote for or against the resolution that was put to vote was gerrerakd from Me e- voting website of CDSL i.e., https®_way,9]aingindi8£on1/ 5. The votes cast were unbiocked on Thursday, Septernber 24, 2026, in the presence of two witnesses, Mr. Sant:hana (;opala KNshrian & Mr. Acchudtlaa S, who are not in the employment of the Company. They have signed below in confirmation of the votes being unblocked in their presence. Name Signature of Wtness Mr. Sant:hana Gopala Krishnan 2 Mr. Acchudhaa S 6. The results of the remote e-voting and e-voting at AGM are as under: Resolution: 1 - ORDINARY BUSINESS - ORI)iNARY RESOLUTION: To consider and adopt (a) the audited standalone financial statements of the Company for the financial year ended IUnch 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: Manner of Votes in Favour of Resolution Votes a ,t Resolution E-Voting Tia-= no---;fo No, of To of To. –-=MI. of A ; ; MeIn!>e ! Votes Votes h4ernbeis ! Votes Votes ! Member ; Votes rs S Remote 67 100596335 100 E-voting E.-voMg at the Total KRA & ASSOCIATES Continuation Sheet PRACTICING COMPANY SECRETARiES *Note: The number of votes cast faT Resolution i is 100596511. The number of votes cast "in favour’' of the Resolutio [Showing first 8,000 characters — download PDF for full document]