Please find enclosed herewith Intimation under Reg 30 of SEBI LODR for Change/Deviation in Objects and Manner of implementation of Proposed Preferential Issue.

HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 Date: 30t September, 2026 Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Change/Deviation in Objects and Manner of Implementation of Proposed Preferential Issue Dear Sir(s)/ Madam(s), Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of the Company's application for in-principle approval for issue and allotment of Equity Shares on preferential basis, the Company hereby submits the following disclosure regarding the change/deviation in the objects and manner of implementation of the proposed Preferential Issue, as compared with the objects and proposed utilisation disclosed in the Notice of the Extra-Ordinary General Meeting (“EGM Notice”) of the Company. 1. Background The Board of Directors of the Company, at its meeting held on 10t February, 2026, had approved the proposal for issue of up to 21,23,800 fully paid-up Equity Shares of face value of 10/- each at an issue price of X64/- per Equity Share, aggregating up to X13,59,23,200/-, on preferential basis, subject to the approval of the Members and other requisite regulatory approvals. The EGM Notice issued by the Company for the Extra-Ordinary General Meeting scheduled to be held on 11" March, 2026 contemplated the proposed Preferential Issue for consideration “in cash and/or other than cash”. The said Notice also contained the object-wise utilisation of the proposed issue proceeds. As disclosed in the explanatory statement of EGM Notice, the The Objects of the issue was stated as follows: The Company intends to utilize the proceeds raised through the Preferential Issue towards the following objects: 1. to discharge of liabilities by the Company and thereby reduce the amount of outstanding liabilities of the Company and improve the debt/equity ratio accordingly. 2. to meet the funding requirements and other general corporate purposes including but not limited to build up of new inventory, critical vendor and other approved payments. Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harishtextile.com www.harishtextile.com HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 and the Company had proposed to utilise the proceeds of the Preferential Issue as follows: Sr. No. Particulars Estimated Amount (X Crore) ' Part-repayment of Debt 212 5. IAugmentation of Working Capital 218 3. General Corporate Purposes, including issue expenses| 0.50 4 Discharge of Liabilities 6.79 Total 13.59 The aforesaid object and utilisation of proceed was specifically disclosed in the Explanatory Statement forming part of the EGM Notice. 2. Change in the Proposed Objects and Utilization of Issue Proceeds: Pursuantto the clarifications sought by BSE Limited in relation to the Company's application for in- principle approval, the Company has further crystallised the manner in which the proposed Preferential Issue is proposed to be implemented. The Company hereby clarifies that the proposed Preferential Issue is now proposed to be undertaken entirely against consideration other than cash and respectively removed allottees having cash consideration. After giving effect to removal of allottees having cash consideration, the Company will issue 10,60,800 fully paid-up Equity Shares of face value of X10/- each at an issue price of X64/- per Equity Share, aggregating up to X 6,78,91,200 /-, on preferential basis Accordingly, no cash proceeds shall be received by the Company pursuant to the proposed Preferential Issue, and consequently the objects relating to utilisation of cash proceeds towards augmentation of working capital, general corporate purposes or other cash-funded requirements shall not arise and as per the requirement of BSE disclosing revised Object and utilisation of issue proceed which are as follows. Revised Objects: 1. to discharge of liabilities by the Company and thereby reduce the amount of outstanding liabilities of the Company and improve the debt/equity ratio accordingly. Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harishtextile.com www.harishtextile.com HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 Utilization of Issue Proceeds: Total estimated amount to | Tentative timeline within Particulars be utilised for each of the 'which such proceeds shall Objects be utilized ‘Discharge of Liabilities H %6.79 Crore H Immediately ‘ ‘Total H %6.79 Crore H ‘ While the EGM Notice contemplated a combination of cash and/or non-cash consideration and proposed utilisation of the issue proceeds towards debt repayment, working capital, general corporate purposes and discharge of liabilities, the Company has subsequently clarified that the proposed Preferential Issue is to be implemented entirely against consideration other than casht,o the extent presently proposed. 3. Impact of the Change The proposed change/deviation will not result in any cash inflow to the Company. Upon completion of the proposed Preferential Issue and subject to receipt of all applicable statutory, regulatory and other requisite approvaltsh,e identified liabilities shall be adjusted against the consideration payable for the Equity Shares proposed to be issued. Accordingly, the proposed transaction is expected to result in: 1. reduction of identified outstanding liabilities of the Company; 2. reduction of short-term borrowings to the extent of X3,54,94,400/-; 3. reduction of identified sundry creditors' liabilities to the extent of %3,23,96,800/-; 4. corresponding reduction in current liabilities, to the extent applicable; and 5. adjustment of the identified liabilities against consideration other than cash. 4. Reference to the EGM Notice The Company respectfully submits that the aforesaid disclosure should be read in conjunction with the Notice of the Extra-Ordinary General Meeting dated 10t February, 2026, wherein the Company had disclosed the proposed Preferential Issue, including the proposed consideration in cash and/or other than cash and the intended objects/utilisation of the issue proceeds. The EGM Notice also specifically contemplated issue of Equity Shares for consideration other than cash against the credit balance of the proposed allottees. Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harishtextile.com www.harishtextile.com HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 The present disclosure is being furnished pursuantto the clarifications sought by the Exchange and is intended to provide the updated position regarding the final structure and manner of implementation of the proposed Preferential Issue. 5. Conclusion In view of the foregoing, the Company respectfully submits that the present disclosure provides a clear reconciliation between the objects and proposed issue utilisation disclosed in the EGM Notice and the revised/clarified manner in which the proposed Preferential Issue is intended to be implemented. Accordingly, the Company requests BSE Limited to kindly take the aforesaid disclosure on record and consider the same while processing the Company's application for in-principle approval for the proposed Preferential Issue. The Company shall be pleased to provide any further clarification or documentation that may be required in this regard. Thanking you, Yours faithfully, For Harish Textile Engineers Limited Sandeep Gandhi Managing Director DIN: 00941665 Place: Mumbai Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harish [Showing first 8,000 characters — download PDF for full document]