Outcome of Board Meeting

6 October 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 524669 Symbol: HESTERBIO Dear Sir/Madam: Subject: Outcome of Board Meeting and Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Investment in Limited Liability Partnership for Group Captive Power Generation Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations"), as amended, we would like to inform that the Board of Directors of the Company, at its meeting held today, has considered and approved a capital contribution of up to INR 10.50 million, in one or more tranches in SLYCE AGRI WORLD LLP (“LLP”), representing 26% of the fixed capital of the LLP on such terms and conditions of Power Purchase Agreement (PPA) and LLP Agreement. The Board meeting commenced at 11:00 A.M. (IST) and concluded at 11:14 A.M. (IST). The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024 are given as under: Name of the target entity, details in SLYCE AGRI WORLD LLP (“Slyce”), is a special purpose brief such as size, turnover etc. vehicle, to undertake the business of generation of renewable energy from conventional and nonconventional sources of energy and to supply such electricity on captive basis to the Company. The Company proposes to make an investment of amount up to INR 10.50 million in one or more tranches, in accordance with the terms and conditions of Limited Liability Partnership (LLP) Agreement. Whether the acquisition would fall Slyce is not a related party to the Company, and hence within related party transaction(s) and becoming a partner of LLP does not fall within the category whether the promoter/ promoter of related party transaction. group/ group companies have any interest in the entity being acquired? If Promoters/ Promoter group/ group companies do not have yes, nature of interest and details any interest in Slyce Agri World LLP. thereof and whether the same is done at “arm’s length” Industry to which the entity being Generation and sale of solar power in the private sector acquired belongs Objects and effects of acquisition The Company to enter into the Power Purchase Agreement (including but not limited to, disclosure (PPA) with Slyce, who is in the business of owning, of reasons for acquisition of target operating and maintenance of group captive Power entity, if its business is outside the Generating Plant and supply of electricity. In line of the main line of business of the listed statutory requirements to avail such power/ electricity for entity) captive usage the Company, the capital contribution for 26% of the LLP as per electricity act/GERC/CERC captive power regulation to become sole captive member consumer of generating entity to fulfill captive compliance. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition Indicative time period for completion Estimated to be completed within six months of the acquisition Nature of consideration - whether cash Cash Consideration by way of remittance through normal consideration or share swap and banking channel. details of the same Cost of acquisition or the price at INR 10.50 million, in one or more tranches which the shares are acquired Percentage of shareholding / control 26% share of capital contribution of LLP in accordance with acquired and / or number of the terms and conditions specified under the LLP shares acquired Agreement as per electricity act/GERC/CERC captive power regulations. Brief background about the entity Slyce Agri World LLP is a Limited Liability Partnership acquired in terms of products/line incorporated on 23 November 2016, having LLPIN AAH- of business acquired, date of 8663. The registered office of LLP is situated at incorporation, history of last 3 Ahmedabad. years turnover, country in which the acquired entity has presence and Slyce Agri World LLP is engaged in the business of any other significant information (in generation of renewable energy from conventional and brief) non-conventional sources of energy and supplying such energy. Turnover: FY 2022-23 - INR 1.30 million FY 2023-24 – INR 40.86 million FY 2024-25 – INR 22.40 million You are requested to take the above information on your record. Sincerely For Hester Biosciences Limited Vinod Mali Company Secretary & Compliance Officer