Shareholders meeting

Date: 30-09-2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Bandra, Dalal Street, Mumbai- 400051. Mumbai – 400 001 Company Symbol: SWARAJ Scrip Code: 544861 Dear Sirs, Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proceedings of the Twenty-Third Annual General Meeting of the Company Please (cid:976)ind attached, gist of proceedings of the Twenty- Third Annual General Meeting of the Company held today, i.e. Wednesday, September 30, 2026 This is for your information and records. Thanking You, Yours Faithfully, For Swaraj Suiting Limited Rahul Kumar Verma Company Secretary & Compliance Of(cid:976)icer Encl- As above Gist of proceedings of the Twenty- Third Annual General Meeting of the Company A. Date, time and venue of the Annual General Meeting (Meeting): The Twenty-third Annual General Meeting of the Company was held on Wednesday, September 30, 2026 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Meeting commenced at 1:00 p.m. (IST) and concluded at 1:38 p.m. (IST). B. Proceedings in brief:  Mr. Mohammed Sabir Khan, Chairman and Managing Director, chaired the meeting.  Mr. Rahul Kumar Verma, Company Secretary, extended a warm welcome to the 23rd AGM of the Company and informed that the Meeting was held through Video Conferencing, without physical presence of the Members at a common venue, in compliance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The Company had also provided live webcast of the proceedings of the Meeting.  The Company Secretary ensured the Chairman that the quorum for meeting is present.  The requisite quorum being present, the Chairman called the Meeting to order.  The Chairman introduced the members of the Board, who were also attending the meeting through Video Conferencing, from various locations of India and also acknowledged the presence of Mrs. Annie Zuberi in capacity as Chairperson of Nomination and Remuneration Committee and Stakeholders Relationship Committee and presence of Mrs. Amreen Sheikh in capacity as Chairperson of Audit & CSR Committee.  The Chairman also informed that the Chief Financial Officer, the Company Secretary, the Scrutinizer and the Statutory & Secretarial Auditors or their Authorized representatives were present in the meeting.  The Chairman placed on record deep appreciation for Mrs. Annie Zuberi Khan, whose tenure will conclude on October 04, 2026.  He highlighted the milestone of successfully migrating the Company’s equity shares from the NSE Emerge platform to the Main Board of both NSE and BSE.  The Chairman authorized Mr. Nasir Khan, Executive Director to address the members upon Company’s financial performance, key achievements, ongoing developments and future growth plans.  The Company Secretary informed the members that Register of Directors & Key managerial Personnel and their shareholding, if any, and the Register of Contracts, were available for members for inspection.  The Company Secretary also informed the members that Mr. Sanjay Somani, a Practicing Company Secretary Proprietor of Sanjay Somani & Associates, was appointed as the scrutinizer to scrutinise the voting through electronic means (i.e. remote e-voting and voting at the Meeting through electronic voting system).  The Company Secretary informed that remote e-voting commenced at 9:00 a.m. (IST) on Sunday, September 27, 2026 and concluded at 5:00 p.m. (IST) on Tuesday, September 29, 2026.  As per instructions given by the Chairman, the Company Secretary proceeded to transact the business contained in the Notice convening the Meeting. Ordinary Business 1. Consideration and adoption of (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon; 2. Appointment of Mr. Nasir Khan (DIN: 07775998), a Director retiring by rotation; Special Business: 3. Ratification of remuneration of Cost Auditors for the financial year ending March 31, 2027 (Ordinary Resolution); 4. Re-appointment of Mrs. Amreen Sheikh (DIN: 09027151) as an Independent Director of the Company for a second term of 5 consecutive years up to October 04, 2031 (Special Resolution); 5. Appointment of Mr. Manoj Mansinghka (DIN: 00025279) as an Independent Director of the Company for a first term of 5 consecutive years effective October 01, 2026 (Special Resolution); 6. Approval of revision in remuneration payable to Mr. Mohammed Sabir Khan (DIN: 00561917), Managing Director, for the remainder of his tenure ending December 31, 2028 (Special Resolution); 7. Approval of revision in remuneration payable to Mrs. Samar Khan (DIN: 01124399), Whole Time Director, for the remainder of her tenure ending December 31, 2028 (Special Resolution); 8. Approval of revision in remuneration payable to Mr. Nasir Khan (DIN: 07775998), Whole Time Director, for the remainder of his tenure ending December 31, 2028 (Special Resolution); 9. Approval and ratification of variation in utilisation of proceeds raised through preferential issue aggregating to ₹8.03 Crore (comprising ₹3.23 Crore from Equity Shares and ₹4.80 Crore from Warrants) from 'Capital Expenditure' to 'Working Capital' (Special Resolution); and 10. Approval of Material Related Party Transactions of the Company under Regulation 23 of SEBI Listing Regulations and the Companies Act, 2013 (Ordinary Resolution).  Further As authorized by the Chairman, Mr. Nasir Khan, Executive Director, addressed the members and delivered a comprehensive presentation covering the operational and financial performance of the Company for the financial year ended March 31, 2026, as well as its strategic outlook:  Financial Performance: Highlighted key achievements for FY 2025-26, including a 38.5% growth in Revenue from Operations to ₹576.74 crore (vs. ₹416.57 crore in FY 2024-25); EBITDA growth of 52.7% to ₹111.54 crore with an improved margin of 19.3%; Profit Before Tax increase of 51.1% to ₹67.12 crore; a 58.0% surge in Profit After Tax to ₹52.37 crore (PAT margin of 9.1%); Earnings Per Share rising 54.7% to ₹23.41; and record export sales of ₹41.19 crore (up from ₹22.54 crore). He also briefed members on the rating upgrades by CRISIL to BBB+/Stable and assigned by Acuité to A-/Stable.  Operational Progress & Integration: Outlined the transformation into a fully integrated textile player, noting the ramp-up of cotton spinning at Neemuch Unit-II, the commencement of commercial operations at Neemuch Unit-I Cotton Processing House in July 2025, integration across denim processing, yarn dyeing, and weaving facilities at Bhilwara and Neemuch, and the in-house development of over 2,500 denim fabric samples.  Future Growth & Expansion: Briefed shareholders on the upcoming mega expansion project at Neemuch with an estimated capex of approximately ₹421 crore to add 25,500 TPA spinning capacity (combining Ring Spinning and Open-End Rotor technologies), positioning the Company to capture expanding opportunities in domestic and global markets. On behalf of the Chairman and the Board, Mr. Nasir Khan expressed sincere gratitude to the shareholders, investors, bankers, financial institutions, Central and State Governments, customers, vendors, and business partners for their steadfast trust and association. He placed on record high appreciation for the dedication and hard work of the employees and workers across all units. Thereafter, with the permission of the Chairman, he formally declared the proceedings of the 23rd Annual General Meeting concluded. C. Voting by members  The Company had provided remote e-voting facility to i [Showing first 8,000 characters — download PDF for full document]