Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations & Disclosures) Regulations, 2015, We wish to inform you that the Board of Directors of the Company in its meeting held today i.e., 5th Oct, 2026 has inter-alia considered, noted and approved the following matters: 1) Authorize to Shri M K Patodia, Chairman & Managing Director to Execute Final Slump Sale Agreement, Sale Deed And any Other related documents., 2) Redemption ....

REF: GTN: Reg.30/BSE:2026-27 Dated: 05th Oct, 2026 BSE LIMITED Corporate Relationship Department P J Towers, Dalal Street Mumbai-400051 Dear Sir, Sub: Outcome of the Board Meeting Ref: Company Scrip Code: 500170 ***** Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations & Disclosures) Regulations, 2015, We wish to inform you that the Board of Directors of the Company in its meeting held today i.e., 5th Oct, 2026 has inter-alia considered, noted and approved the following matters: 1) Authorize to Shri M K Patodia, Chairman & Managing Director to Execute Final Slump Sale Agreement, Sale Deed And any Other related documents., 2) Redemption Of 10,00,000 (Ten Lakhs Only) 0.01% Non-Cumulative Redeemable Preference Shares of Rs. 100/-Each Aggregating to Rs. 10,00,00,000/- (Rupees Ten Crores Only) out of Free Reserves. The details as required under the Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure I & II. The Board meeting commenced at 13:.00 p.m. and concluded 15:00 p.m. This is for your information and necessary records. Thanking you, Yours faithfully, For GTN INDUSTRIES LIMITED (P. Prabhakara Rao) Company Secretary and Compliance officer Encl: a/a DETAILS AS REQUIRED UNDER THE REGULATION 30 OF THE SEBI [LODR] REGULATIONS, 2015 ANNEXURE I Sl No Particulars of Securities Details of Securities 1 Type of Securities redeemed 0.01% Non Cumulative Redeemable Preference Shares 2 Total number of securities 10,00,000, 0.01% Non-Cumulative Redeemable redeemed and aggregate Value Preference Shares of Rs.100/- each at par aggregating to Rs. 10,00,00,000/- (Rupees Ten Crores Only) 3 Name of the security holder Sl Name of the Shareholder No. of No Shares 1 GTN Engineering (India) Ltd 10,00,000 Total 10,00,000 4 Listing status Unlisted 5 Manner of redemption Out of Free reserves ANNEXURE-II DISCLOSURE DETAILS FOR SLUMP SALE UNDER REGULATION,30 SEBI (LODR) REGULATIONS, 2015 Sl.No. Disclosure Particulars Details I ENTITY PARTICULARS: 1 Name of entities forming part of the slump Between GTN Industries Limited sale AND GTN Engineering (India) Limited 2 Area of business/operations of the division or Nagpur Spinning Unit of GTN Industries Ltd entity being sold 3 Financial size and turnover contribution of the Rs.162 Crores ( Rupees One hundred and sixty sale undertaking Two Crores Only) as on 31.03.2026 (Annual Basis) II TRANSACTION RATIONALE: 1 Rationale/objective behind the slump sale Mitigate widening operational losses caused by subdued market demand and volatile cotton pricing 2 Whether the transaction falls within related YES party transactions (RPTs) 3 Whether Promoter/group/promoter group has YES any interest in the entities III CONSIDERATION & TERMS: 1 Quantum and percentage of cash consideration Rs.72 Crores (Rupees Seventy-Two Crores Only) 2 Share exchange ratio (if applicable) N A 3 Summary of the Business Transfer Agreement Slump sale agreement is executed on 5th day of (BTA) timelines and conditions precedent Oct, 2026 (w.e.f from 01.10.2026) and will be Impact Analysis completed by end of the Dec, 2026 in multiple tranches. 4 Brief details of change in shareholding pattern NIL of the listed entity (if any) 5 Expected impact on the turnover, net worth, The proposed slump sale of the Nagpur spinning and net profit of the listed company unit of GTN Industries Limited to GTN Engineering (India) Limited will significantly reduce the company's operating turnover while shoring up net worth and improving net profitability by eliminating recurring operating drag.