Scrutinizer''s Report

Date: September 30, 2026 Department of Corporate Services Bombay Stock Exchange Limited Ground Floor, P. J. Tower, Dalal Street, Fort, Mumbai- 400 001. Dear Sir/Madam, Sub: Scrutinizer’s Report on E-Voting Results of 34th AGM of the Company. Ref: Scrip code: 500236 (Kanel Industries Limited) In compliance with Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 company has submitted the e-voting results of the resolutions passed in 34th Annual General Meeting of the Members on Wednesday 30th September, 2026 at 11:00 a.m. through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM"). Further, in terms of the Rule 20(4) of the Companies (Management and Administration) Rules, 2014, as amended, the scrutinizer’s report on the remote e-voting is enclosed herewith. Please take the same on your records. Thanking You, FOR, KANEL INDUSTRIES LIMITED HARSHIT KACHCHHI DIRECTOR DIN: 08019394 Encl: Scrutinizer’s Report KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com FORM NO. MGT-13 CONSOLIDATED SCRUTINIZER’S REPORT [Pursuant to section 108 & 109 of the Companies Act, 2013 and Companies (Management and Administration) Rules, 2014 as amended The Chairman Kanel Industries Limited(Company) CIN:- L15140GJ1992PLC017024 1503, Westport, Nr. S.P Ring Road, Sindhubhavan Road, Ahmedabad -380059, Re: Report of Scrutinizer on voting process conducted pursuant to the provisions of Section 108 & 109 of the Companies Act, 2013 (‘the Act’) read with Companies (Management and Administration) Rules, 2014. Annual General Meeting of the Equity Shareholders of Kanel Industries Limited held on 30th September, 2026 at 11:00 A.M. through Video Conferencing (“VC”) / Other Audio-Visual Means (“OVAM”) Dear Sir, I, Malay Desai, Proprietor of M/s. Malay Desai & Associates, Practicing Company Secretaries, Ahmedabad have been appointed as Scrutinizer by the Board of Directors of the Company vide resolution passed on August 12, 2026 for the purpose of scrutinizing the Remote E-Voting process, pursuant to section 108 and 109 of the Companies Act, 2013 read with rule 20 and 21 of Companies (Management and Administration) Rules, 2014, in a fair and transparent manner on the resolution(s) contained in the notice to the AGM of the members of “Kanel Industries Limited” (the company) held on Wednesday, 30th September, 2026 at 11:00 A.M. through Video Conferencing (“VC”) / Other Audio-Visual Means (“OVAM”) The management of the company is responsible to ensure the compliance with the requirements of the Companies Act, 2013 and Rules thereunder relating to remote e- voting. My Responsibility as a scrutinizer for the voting process is restricted to preparing a Scrutinizer’s Report of the votes casted “in favour” or “against” the resolution(s) based on the reports generated from the Remote E-voting system provided by Purva Sharegistry (India) Pvt. Ltd (the Agency/service provider) authorized and engaged by the company for that purpose. I submit my report as under: i. The AGM has been held in compliance with the Ministry of Corporate Affairs (‘MCA’) General Circular Nos. 14/2020 dated April 08, 2020; 17/2020 dated April 13, 2020; 20/2020 dated May 05, 2020 and 09/2023 dated September 25, 2023 (Collectively referred to as “MCA Circulars”) and the Securities and Exchange Board of India (‘SEBI') Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 dated October 07, 2023 (Collectively referred to as “SEBI Circulars”) regarding holding of the AGM through Video Conferencing, without the physical presence of the Members at a common venue and as confirmed by the Company, the Notice of the AGM of the Company, has been sent on August 31st, 2026 only through electronic mode to those Members whose e-mail Email: malaydesai21@yahoo.in Cell: +91 94082 71797 Office Address: 1503, West Port, Sindhubhavan Road, Nr. S.P.Ring Road, Ahmedabad-380059 addresses are registered with Company, Securities Depository ("Depositories"). Purva Sharegistry (India) Pvt. Ltd. a Registrar Limited and / Share Central Transfer Agent (“RTA”) or National Depository Services (India) Limited or Central Depository Service (India) Limited ii. The Compliance with the provisions of the Companies Act, 2013 and the Rules made there under relating to e-voting (which includes remote e-Voting and the e-voting at the AGM) to the Members on the Resolutions proposed in the Notice calling the AGM of the Company was the responsibility of the Management. My responsibility as Scrutinizer was to ensure that the voting process is conducted in a fair and transparent manner and render a Consolidated Scrutinizer's Report on the voting to the Chairman or a Person authorised by him. iii. The Shareholders of the company holding shares as on the “cut-off” date Wednesday September 23, 2026, whose names were recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories were entitled to vote on the proposed resolutions as set out in item nos. 1 and 2 in the notice of the AGM of Kanel Industries Limited dated 30th September 2026. iv. The notice of AGM was mailed electronically to the members who had registered their emails with the depositories. v. The facility provided for Remote E-voting commenced from Sunday, 27th September 2026 at 09:00 a.m. and ends on Tuesday, 29th September 2026 at 05:00 p.m. The Remote E-voting facility was blocked thereafter. vi. After the closure of the e-voting at the AGM, the votes cast through e-voting at the AGM and through remote e-voting prior to the date of AGM were unblocked on Wednesday, September 30, 2026, around 11:30 a.m. (IST) in the presence of two witnesses who are not in the employment of the Company. vii. I hereby submit a Consolidated Scrutinizer's Report pursuant to Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014, on the Resolutions contained in the Notice of the AGM based on the scrutiny of remote e-voting and the e-voting at the AGM and votes cast therein based on the data downloaded from the electronic voting system provided by the Purva Sharegistry (India) Pvt. Ltd. viii. The results of the remote e-voting together with that of the voting through electronic voting system conducted at the AGM through VC are as under: (1) ORDINARY RESOLUTION for to Receive, Consider, Approve and Adopt the Audited Statement of Accounts i.e. The Audited Balance Sheet as at 31st March, 2026, the Profit & Loss Account for the year ended on that date, the report of the Auditors and Directors thereon.: Voted in Favour of the resolution: Type of Voting Number of Numbers of % of total members voted votes casted by number of Valid them votes cast Remote E-Voting 26 14975514 100 Including E-Voting at AGM Conducted through VC/OVAM Total 26 14975514 100 Email: malaydesai21@yahoo.in Cell: +91 94082 71797 Office Address: 1503, West Port, Sindhubhavan Road, Nr. S.P.Ring Road, Ahmedabad-380059 Voted Against of the resolution: Type of Voting Number of Numbers of % of total members voted votes casted by number of Valid them votes cast Remote E-Voting - - - Including E-Voting at AGM Conducted through VC/OVAM Total - - - Voted Abstained of the resolution: Type of Voting Number of members Numbers of votes voted casted by them Remote E-Voting Including - - E-Voting at AGM Conducted through VC/OVAM Total - - (2) ORDINARY RESOLUTION To regularize appointment Ms. Pooja Khakhi (DIN: 07522176) as Independent Non Executive Director of the Company, to consider and if thought fit: Voted in Favour of the resolution: Type of Voting Number of Numbers of % of total members voted votes casted at number of Valid them votes cast Remote E-Voting 26 14975514 100 Including E-Voting at AGM Conducted through VC/OVAM Total 26 1497 [Showing first 8,000 characters — download PDF for full document]