Proceedings of 35th AGM of the Company_As attached

~ujarat Natural Resources Limited Date: 30th September, 2026 Department of Corporate Services, BSE Limited, Ground Floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001 Dear Sir/Madam, Security ID: GNRL Security Code: 513536 Sub: Proceedings of the 35th Annual General Meeting pursuant to Regulation 30 read with sub-para 13 of Para A of Part A of Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with sub-para 13 of Para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the proceedings of the 35th Annual General Meeting of Gujarat Natural Resources Limited held on Wednesday, 301h September, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM), from ~:30 P. M. to 3: 41 P.M'. . Kindly take the same on your record. Thanking you. Yours faithfully, For Gujarat Natural Resources Limited Shalin A. Shah - Regd. Off. : 906 -910, 9th Floor, Anam-1, Nr. Parimal Garden, Ellisbridge, Ahmadabad -380 006, Gujarat, India. - Phone: +91-079-35219058 • Web.: www.gnrl.in • Email : info@gnrl.in CIN : L27100GJ1991 PLC016158 ~ujarat Natural Resources Limited PROCEEDINGS OF THE 35rtt ANNUAL GENERAL MEETING OF GUJARAT NATURAL RESOURCES LIMITED HELD ON WEDNESDAY, 30TH SEPTEMBER, 2026 FROM 3:~of'.M. TO 3:41 P.M. THROUGH VIDEO CONFERENCING (VC}/OTHER AUDIO VISUAL MEANS (OAVM): The 35th Annual General Meeting ("AGM") of Gujarat Natural Resources limited ("the Company") was held on Wednesday, 301 h September, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India and the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Barkha Lakhani, Company Secretary and Compliance Officer, welcomed the members on behalf of the Company. She informed the members that the meeting was being conducted through VC/OAVM in accordance with applicable MCA and SEBI circulars and that participation through video conference would be counted for quorum in accordance with Section 103 of the Companies Act, 2013 and applicable circulars. She introduced the Directors, Key Managerial Personnel and Auditors attending the meeting: Mr. Shalin Shah, Managing Director; Mr. Ashok Shah, Non-Executive Director; Mr. Hiteshkumar Donga, Non-Executive Director and Chief Financial Officer; Mr. Yash Bodade, Independent Director and Chairman of the Audit Committee; Mr. Harsadsinh Rana, Independent Director; Mrs. Jhanvi Sethi, Additional Director (Independent); Mr. Shivam Soni of M/s. GMCA & Co., Statutory Auditors; and Mr. Chintan Patel, Practising Company Secretary and Secretarial Auditor. The Company Secretary stated that necessary arrangements had been made to facilitate members' participation and voting. She further informed that Mr. Ashok Shah, Mr. Hiteshkumar Donga, Mr. Chintan Patel and she herself were attending as panelists and were also members of the Company; their presence was accordingly counted for quorum purposes. She then invited Mr. Ashok Shah, Chairman and Director, to preside over the meeting and handed over the proceedings to him. The Chairman noted the Company Secretary's confirmation that the requisite quorum was present and called the meeting to order. He informed members that appointment of proxies was not applicable to a meeting held through VC/OAVM. The Chairman briefed members on the business set out in the Notice: (1) adoption of the standalone and consolidated financial statements for the year ended 3151 March 2026, together with the Board's and Auditors' Reports; (2) re-appointment of Mr. Shalin Shah, Managing Director, who retires by rotation and is eligible for re-appointment; (3) sub-division/split of equity shares; (4) alteration of the Capital Clause of the Memorandum of Association; (5) regularisation of appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as Non-Executive Independent Director; and approval of material related party transactions with (6) Rhetan TMT Limited, (7) Ashnisha Industries limited, (8) Lesha Industries limited and (9) Ashoka Metcast limited. - Regd. Off. : 906-910, 9th Floor, Anam-1, Nr. Parimal Garden, Ellisbridge, Ahmadabad -380 006, Gujarat, India. - Phone : +91-079-35219058 • Web.: www.gnrl.in • Email : info@gnrl.in CIN : L27100GJ1991PLC016158 ~ujarat Natural Resources Limited The Notice of the 35th AGM and Annual Report for F.Y. 2025-26, including audited financial statements and the reports of the Board and Auditors, had been sent electronically to members whose email addresses were registered with the Company or Depositories. A corrigendum had been issued to rectify the inadvertent omission of one signatory's name from the Board's Report during typesetting; the corrected Annual Report reflected the names of both Directors who signed the Board's Report. With the permission of members, the Notice and Annual Report were taken as read. The Chairman stated that observations, in the Statutory Auditors' and Secretarial Auditor's reports were self-explanatory and were taken as read. Statutory registers and documents referred to in the Notice and Explanatory Statement, together with the audited financial statements, were available electronically for inspection up to the AGM. Members could request inspection by writing to caf.gnrl@gmai i .com. The Chairman briefed members on the Company's performance. Standalone revenue from operations for F.Y. 2025-26 was Rs. 1,147.66 lakh compared with Rs. 70.40 lakh in the previous year, while standalone profit was Rs. 842.61 lakh compared with Rs. 18.36 lakh. Consolidated revenue from operations was Rs. 3,052.60 lakh compared with Rs. 2,004.98 lakh, and consolidated profit was Rs. 989.31 lakh compared with a loss of Rs. 376.03 lakh in F.Y. 2024-25. He noted the improvement in financial performance and the return to consolidated profitability. He further informed members that 2.5 crore equity shares were allotted on ist November, 2025 upon conversion of warrants and receipt of the balance exercise consideration pursuant to the preferential issue approved by members. Regarding operations, the Company and its then step-down subsidiary, GNRL Oil & Gas Limited (GOGL), (now amalgamated into GNRL Oil & Gas (I) Pvt. Ltd.) continued drilling, appraisal and development activities in the Cambay Basin. Three wells were completed and brought into commercial production during the year. Drilling at Kanawara well K#17 encountered a 24-metre hydrocarbon-bearing zone. Testing in the younger Cambay Shale section indicated wet gas, with initial flows of approximately 18,000 SCMD of gas and 5 cubic metres per day of condensate. GOGL also commenced a two-well development drilling programme in the North Balo! gas field, in which it holds a 30% participating interest. The Company continues to focus on developing existing fields, evaluating further hydrocarbon potential and augmenting production and reserves. Remote e-voting was available from 27th September 2026 to 29th September 2026. The Board had appointed Mr. Chintan K. Patel, Practising Company Secretary, Ahmedabad, as Scrutinizer to oversee remote e-voting and voting at the AGM in a fair and transparent manner. The Chairman informed members that no requests had been received to raise queries or express views during the meeting. The combined results of remote e-voting and voting at the AGM would be declared within two working days from conclusion of the meeting and published on the websites of BSE Limited, the Company and CDSL. - Regd. Off.: 906-910, 9th Floor, Anam-1, Nr. Parimal Garden, Ellisbridge, Ahmedabad -380 006, Gujarat, India. - Phone : +91-079-35219058 • Web.: www.gnrl.in • Email : info@gnrl.in CIN : L27100GJ1991PLC016158 ~ujarat Natural Resources Limited There being no further business, the [Showing first 8,000 characters — download PDF for full document]