Proceedings of the 40th Annual General Meeting of Duke Offshore Limited held on September 30, 2026

Date: September 30, 2026 The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 531471 Subject: Proceedings of the 40th Annual General Meeting of Duke Offshore Limited held on September 30, 2026 Reference: Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the proceedings of the 40th Annual General Meeting ("AGM") of Duke Offshore Limited ("the Company"), held on Wednesday, September 30, 2026 through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM"). The AGM commenced at 11:30 A.M. (IST) and concluded at 11.48 A.M. (IST). Kindly take the above disclosure on record. Thanking you, For Duke Offshore Limited Ashutosh Janak Kumar Thakar Additional Director DIN: 10251729 Place: Mumbai Encl.: As below DUKE OFFSHORE LIMITED CIN: L45209MH1985PLC038300 REGISTERED OFFICE: 3A, 3rd Floor, Mansionz One, Plot No 260 265, Linking Road, Bandra (W), Shopper Stop, Mumbai- 400050. CONTACT DETAILS: Email: info@dukeoffshore.com | Website: www.dukeofshore.com SUMMARY OF PROCEEDINGS OF THE 40TH ANNUAL GENERAL MEETING (AGM) DUKE OFFSHORE LIMITED A. DATE, TIME, VENUE, AND MODE OF THE MEETING ANNUAL GENERAL MEETING (AGM): Day & Date Wednesday, September 30, 2026 Video Conferencing (VC) / Other Audio-Visual Mode Means (OAVM) Commencement 11:30 A.M. (IST) Conclusion 11.48 A.M. (IST) E-voting Facility during the AGM & Post During AGM & Post-conclusion e-voting window Coclusion of AGM of 30 minutes The 40th Annual General Meeting (AGM) of the Members of Duke Offshore Limited ("the Company") was held through VC/OAVM in accordance with the applicable provisions of the Companies Act, 2013, the rules made thereunder and the applicable circulars and provisions governing listed entities. B. QUORUM & DIRECTORS, KEY MANAGERIAL PERSONNELS (KMPs) AND INVITEES IN ATTENDANCES: 1. A total of 46 Members attended the meeting through VC facility. Upon ascertaining that the requisite quorum was present as per Section 103 of the Companies Act, 2013, the Meeting was called to order at 11:30 A.M. (IST). 2. Mrs. Aksha Mohit Kamboj, Additional Director, chaired the Meeting and called the meeting to order. 3. Ms. Dhwani Desai on behalf of Company Secretary and Compliance Officer introduced all Directors and KMPs, including the Chairpersons of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, were present who have joined through Video Conferencing as detailed hereunder: DUKE OFFSHORE LIMITED CIN: L45209MH1985PLC038300 REGISTERED OFFICE: 3A, 3rd Floor, Mansionz One, Plot No 260 265, Linking Road, Bandra (W), Shopper Stop, Mumbai- 400050. CONTACT DETAILS: Email: info@dukeoffshore.com | Website: www.dukeofshore.com Name of Director / KMP / Invitee Designation / Category (Additional Director) Mr. Ashutosh Janak Kumar Thakar Whole-Time Director (Executive) Mr. Sukumar Anand Shetty Non-Executive Director & Chairman of Stakeholders Relationship Committee Mrs. Aksha Mohit Kamboj Non-Executive Director Mr. Vaibhav Agarwal Independent Director & Chairman of Audit Committee Mr. Rajesh Chunilal Bhojani Independent Director & Chairman of Nomination and Remuneration Committee Mr. Arjun Bikas Dutta Independent Director Ms. Priyanka Company Secretary & Compliance Officer Mr. Akshay Purandare from M/s. Kirtane & Statutory Auditors Pandit LLP, Chartered Accountant Mr. Rajvirendra Singh Rajpurohit from M/s. R S Secretarial Auditors Rajpurohit & Co. Mr. Puneet Motwani from M/s Puneet Motwani Scrutinizer & Associates 4. The Register of Directors and Key Managerial Personnel and their shareholding maintained under Section 170, and the Register of Contracts or Arrangements in which Directors are interested maintained under Section 189 of the Companies Act, 2013, were kept open for inspection at the Registered Office of the Company till the conclusion of the 40th AGM of the Company. DUKE OFFSHORE LIMITED CIN: L45209MH1985PLC038300 REGISTERED OFFICE: 3A, 3rd Floor, Mansionz One, Plot No 260 265, Linking Road, Bandra (W), Shopper Stop, Mumbai- 400050. CONTACT DETAILS: Email: info@dukeoffshore.com | Website: www.dukeofshore.com C. PROCEEDINGS IN BRIEF: 1. With the consent of the Members present, the Notice convening the 40th AGM, the Board's Report, and the Financial Statements for the financial year ended March 31, 2026, were taken as read. Ms. Dhwani Desai on behalf of Company Secretary & Compliance Officer of the Company highlighted that the Statutory Auditor's Report contained no adverse qualifications, reservations, or disclaimers, and the same were also taken as read. Further, she read out the observations received form the Secretarial Auditor in their Report along with the comments of the Board on the same. 2. The Chairperson briefed members on the Change in Control pursuant to the successful completion of the Open Offer by Aspect Global Ventures India Private Limited (formerly known as Aspect Global Ventures Private Limited) leading to transition of the Management, financial performance and the rationale behind the proposed strategic shift into the mining, minerals, precious stones, metals, steel, engineering, power and energy, artificial intelligence (“AI”) and technology, including conventional as well as renewable energy, along with allied infrastructure and other related activities, subject to applicable laws, regulations, approvals and permissions. 3. Ms. Dhwani Desai on behalf of Company Secretary & Compliance Officer informed that the Company had engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility (commenced on Saturday, September 26, 2026 at 09:00 A.M. IST and ended on Tuesday, September 29, 2026 at 05:00 P.M. IST) and venue e-voting during the AGM and e-voting facility for 30 minutes after conclusion of AGM. She further requested the members who had participated in the AGM but who have not cast their votes, to cast their votes during AGM. She also informed that since the mode of conducting the AGM was electronic, there was no proposing and seconding of the items set out in the Notice of AGM. DUKE OFFSHORE LIMITED CIN: L45209MH1985PLC038300 REGISTERED OFFICE: 3A, 3rd Floor, Mansionz One, Plot No 260 265, Linking Road, Bandra (W), Shopper Stop, Mumbai- 400050. CONTACT DETAILS: Email: info@dukeoffshore.com | Website: www.dukeofshore.com The following items of business, as set out in the Notice convening the AGM, were taken up at the Meeting: ORDINARY BUSINESS 1. ADOPTION OF AUDITED FINANCIAL STATEMENTS The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon, were placed before the Members for consideration and adoption. SPECIAL BUSINESS 2.REGULARISATION OF APPOINTMENT OF MR. ASHUTOSH JANAK KUMAR THAKAR (DIN: 10251729) AS DIRECTOR AND WHOLE-TIME DIRECTOR The appointment of Mr. Ashutosh Janak Kumar Thakar, who was appointed as an Additional Director in the Executive category with effect from July 27, 2026 as a Director of the Company, not liable to retire by rotation, and his appointment as Whole-Time Director for a period of five consecutive years from July 27, 2026 to July 26, 2031 on the terms set out in the Notice, were placed before the Members as an Ordinary Resolution. 3. REGULARISATION OF APPOINTMENT OF MRS. AKSHA MOHIT KAMBOJ (DIN: 03347200) AS DIRECTOR The appointment of Mrs. Aksha Mohit Kamboj, appointed as an Additional Director in the Non- Executive category with effect from July 27, 2026, as a Director of the Company liable to retire by rotation, was placed before the Members as an Ordinary Resolution. 4. REGULARISATION OF APPOINTMENT OF MR. SUKUMAR ANAND SHETTY (DIN: 03540525) AS DIRECTOR The appointment of Mr. Sukumar Anand Shetty, appointed [Showing first 8,000 characters — download PDF for full document]