Shareholders meeting

Ref: VIL/BSE & NSE/2026-27/SEPTEMBER/37 Date: 30.09.2026 To, To, The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. The Secretary, Listing Department The Manager, Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Plot No.C/1, G Block, Mumbai(M.H.) - 400001 Bandra-Kurla Complex, BSE Script Code:533576 Bandra (E), Mumbai-400051. NSE Symbol: VASWANI SUB: Proceedings of the 23rd Annual General Meeting held on 30th September, 2026 Dear Sir/ Madam, The 23rd Annual General Meeting (AGM) of the Members of M/s. Vaswani Industries Limited was held today, Wednesday the 30th day of September, 2026. The Meeting started at 3:45 P.M. and concluded at 4:06 P.M. through Video Conferencing (VC) and Other Audio Video Mode (OAVM) service provided by Link Intime India Private Limited. The voting has been done by remote e-voting and through e-voting during the meeting. We hereby enclose the summary of the proceedings of AGM held on Wednesday, September 30, 2026, in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results of the voting will be sent as soon as we receive reports from Scrutinizer appointed for the purpose. Kindly disseminate the information on the official website of the exchange for the information of all members of the Exchange and Investors. You are requested to kindly take note of the same. Thanking You, Yours Faithfully, For, Vaswani Industries Limited Sakshi Agrawal (Company Secretary & Compliance Officer) Summary of the proceedings of the 23rd Annual General Meeting of the Company held on September 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with Para A of Schedule III thereof, the brief proceedings of the 23rd Annual General Meeting of Vaswani Industries Limited held through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM) facility is given below: The meeting commenced at 3:45 P.M. and concluded at 4:06 P.M. Sr.No. DIRECTORS IN ATTENDANCE 1. Mr. Rituraj Peswani Chairman, Non-Executive, Independent Director 2. Mr. Yashwant Vaswani Executive, Whole Time Director 3. Mr. Chittaranjan Parida Non-Executive, Independent Director 4. Mr. Pawan Kumar Jha Executive Director 5. Mr. Devendra Kumar Jain Additional Independent Director 6. Ms. Supriya Goyal Non-Executive, Independent Director 7. Mr. Satya Narayan Gupta Non-Executive, Director Sr.No. KEY MANAGERIAL PERSONNEL IN ATTENDANCE 1. Mr. Kushal Vaswani Chief Financial Officer 2. Ms. Sakshi Agrawal Company Secretary & Compliance Officer Sr.No. OTHER REPRESENTATIVES 1. Statutory Auditor Mr. Amar Sinha, Partner, M/s Amitabh Agrawal & Co Chartered Accountants 2. Secretarial Auditor Mr. Bikram Mund, Proprietor, M/s Mund Bikram & Associates Company Secretaries 3. Scrutinizer Mr. Praveen Kanungo, Partner, M/s Kanungo Agrawal & Co. Company Secretaries Ms. Sakshi Agrawal, Company Secretary and Compliance Officer of the Company, extended a warm welcome to all the Shareholders, Directors, Key Managerial Personnel, Auditors, and other attendees present at the meeting and informed that the meeting was being held through Video Conference ("VC")/Other Audio Visual Means ("OAVM") facility in accordance with the relevant circulars issued by the Ministry of Corporate Affairs ("MCA") and the Securities and Exchange Board of India ("SEBI"). She informed that the statutory registers and the documents required to be made available under the Companies Act, 2013 were open for inspection electronically for the duration of the meeting, and that the members of the Board, the Statutory Auditors and the Secretarial Auditors were joining the meeting through VC from their respective locations. She thereafter introduced Mr. Rituraj Peswani, Chairman and Independent Director of the Company, and requested him to take the Chair and conduct the proceedings of the 23rd Annual General Meeting. Mr. Rituraj Peswani, Chairman and Independent Director of the Company, took the Chair and extended a warm welcome to all the Members and other attendees present at the meeting. He thereafter requested Ms. Sakshi Agrawal, Company Secretary, to verify and confirm the quorum for the meeting. Ms. Sakshi Agrawal, Company Secretary, confirmed that she had verified the attendance record and that 43 Members were present at the meeting initially and later on other few shareholders continued to join the meeting adding up to 51 Members through VC/OAVM, who were counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013. She confirmed that the requisite quorum was present and that the 23rd Annual General Meeting was accordingly in order, and that the meeting may proceed. Mr. Rituraj Peswani, Chairman and Independent Director, called the 23rd Annual General Meeting to order and addressed the Members. He highlighted the enlargement of the Company's billet capacity completed in June 2025, the solar portfolio becoming fully operational during the year and the sponge iron operations running above rated capacity, and informed that the Board had met regularly during the year, its Committees had discharged their respective mandates and the Independent Directors had met separately to review the performance of the Board, the Chairman and the management. He then introduced the Directors, Key Managerial Personnel and Senior Management present at the meeting and informed the Members that the Auditors and the Scrutinizer appointed to oversee the remote e-voting and the voting at the meeting were also present. He thereafter requested Mr. Yashwant Vaswani, Whole-Time Director, to conduct the business of the meeting and to place before the Members the performance of the Company for the year under review. Mr. Yashwant Vaswani, Whole Time Director, welcomed the Members and gave an overview of the Company's operational and financial performance for the financial year ended March 31, 2026, along with the key strategic initiatives and expansion projects undertaken by the Company during the year. He also briefed the Members on the continuing modernisation of the production facilities directed at green steel and high-grade steel, and on the outlook for the Company. He thereafter requested Ms. Sakshi Agrawal, Company Secretary, to take the Members through the statutory arrangements and the items of business. With the permission of the Chair and the Members present, Ms. Sakshi Agrawal, Company Secretary, took the Notice convening the 23rd Annual General Meeting as read, the same having been sent electronically to all Members whose email addresses are registered with the Company or their Depository Participants, along with the Annual Report for Financial Year 2025-26, comprising the Audited Standalone Financial Statements, the Board's Report and the Auditor's Report, and having also been made available on the website of the Company and the portals of the Stock Exchanges. She informed that the proceedings of the meeting were being recorded and that, as the meeting was being held through VC, the resolutions were not required to be proposed and seconded. Ms. Sakshi Agrawal, Company Secretary, further informed the Members that the Company had provided the remote e-voting facility to all Members holding shares as on the cut-off date, being Wednesday, September 23, 2026, from Friday, September 25, 2026 (9:00 A.M.) to Tuesday, September 29, 2026 (5:00 P.M.). Members present at the meeting who had not already cast their vote through remote e-voting were permitted to exercise their voting rights during the meeting through the InstaPoll e-voting facility available on the MUFG Intime portal. Members who had already cast their vote through remote e-voting were not permitted to vote again. As the meeting was conducted through VC, the facility to appoint proxies was not applicable. Ms [Showing first 8,000 characters — download PDF for full document]