We wish to inform you that the board of directors of the company has approved forefeiture of certain warrants issued on preferential basis, which remained unexercised within prescribed time period.

To, 28th September, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Scrip ID/Code/ISIN : ARL | 542721 | INE02GA01012 Subject : Intimation under Regulation 30 read with Schedule III Part A of the SEBI (LODR) Regulations, 2015 – Forfeiture of upfront consideration and lapse of Share Warrants. Dear Sir/Madam, This is in furtherance of the intimation dated 19th February, 2025, wherein the Board of Directors of Anand Rayons Limited (“the Company”) had allotted 88,62,000 (Eighty-Eight Lakhs Sixty-Two Thousand) Equity Share Warrants, each having a face value of Rs. 10/- (Rupees Ten Only), at an issue price of Rs. 78/- (Rupees Seventy-Eight Only) per Warrant, including a premium of Rs. 68/- (Rupees Sixty-Eight Only) per Warrant, on a preferential basis to persons belonging to the Promoter/Promoter Group and identified Non-Promoter Persons, with a right to the respective Warrant Holder(s) to apply for and be allotted 1 (One) Equity Share of the Company of face value of Rs. 10/- (Rupees Ten Only) each against each Warrant, within a period of 18 (Eighteen) months from the date of allotment of the Warrants, i.e., from 19th February, 2025, at an issue price of Rs. 78/- (Rupees Seventy-Eight Only) per Warrant, payable in cash, aggregating to Rs. 17,28,09,000/- (Rupees Seventeen Crores Twenty-Eight Lakhs Nine Thousand Only) at the rate of Rs. 19.50/- per Warrant, being 25% of the Warrant issue price. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in accordance Regulation 169(2) and (3) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held on Monday, September 28, 2026, has approved the forfeiture of certain warrants issued on a preferential basis, which remained unexercised within the prescribed time period. Pursuant to Regulation 169(2) of the SEBI (ICDR) Regulations, 2018, the warrant allottee has paid at least 25% of the consideration determined under Regulation 164 at the time of allotment of warrants, with the balance 75% payable at the time of exercise of the warrants and allotment of equity shares. Further, in terms of Regulation 169(3) of the SEBI (ICDR) Regulations, 2018, if the warrant holder does not exercise the option to subscribe to equity shares within the stipulated period, the upfront consideration paid on such warrants shall stand forfeited by the Company. Since the warrant holders have not exercised their option to convert the warrants into equity shares within the stipulated period prescribed under the terms of issue and the applicable SEBI (ICDR) Regulations, the Board of Directors has approved the forfeiture of the upfront subscription amount, being 25% of the issue price, paid at the time of allotment of the warrants. Consequently, all the outstanding warrants have lapsed and stand cancelled. As no equity shares have been allotted pursuant to the exercise of such warrants, there is no change in the issued, subscribed and paid-up equity share capital of the Company. Kindly note that our Board meeting was started on 1:45 PM and concluded on 2:15 PM Details as required under Regulation 30 are enclosed as Annexure A. You are requested to take note of the same. Thanking you, Yours faithfully, For ANAND RAYONS LIMITED Varsha Maheshwari (Company Secretary and Compliance officer) Place: Surat Annexure – A Details of Forfeiture of Warrants Sr. No Particulars Details 1. Type of securities Convertible Warrants 2. Type of issuance Preferential Allotment 3. Total number of warrants originally allotted 88,62,000 4. Issue price per warrant 78/- 5. Date of allotment February 19, 2025 6. Tenure 18 Months 7. Number of warrants exercised 69,23,666 8. Number of warrants lapsed 19,38,334 9. Names of warrant holders whose warrants Refer Table-1 below have lapsed 10. Amount forfeited 37797513 11. Any change in capital structure No Table-I S. Name Of Warrant Holder No. Of Convertible Warrants Forfeited 1. Aayushi Agarwal 192000 2. Komal Siddharth Agarwal 40000 3. Siddharth Dashrath Agarwal 40000 4. Sakshi Modi 192000 5. Nitika Modi 193000 6. Laxmikant Agarwal 125000 7. Agarwal Sabita 125000 8. Shreekanwar Periwal 33000 9. Ritu Lunia 28000 10. Shreya Agarwal 28000 11. Akash Mahindra Dhingra 30000 12. Khushaal Bothra 100000 13. Yashkumar Mukeshbhai Patel 55000 14. Nisha Chintu Chugh 60000 15. Sanju Devi Modi. 30000 16. Akshat Agarwal 193000 17. Suman Bansal 385000 18. Shiv Shankar Bihani 22000 19. Kashish Jhawar 30000 20. Seema Kedia 18667 21. Swati Jalan 18667 Total 1938334