Outcome of Board Meeting.

SKY INDUSTRIES LIMITED CINNo.: Ll7120MH1989PLC052645 Corp Off.: 1101,Universal Majestic, Behind RBK Inti School, Ghatkopar Mankhurd Link Road, Chembur (West), Mumbai -400043 Tel.:+912267137900, Website.: www.skycorp.in October 08, 2026 Listing/Compliance Department BSE Limited P.J. Towers, Dalal Street, Mumbai- 400 001 Scrip Code- 526479 Sub: Outcome of Board Meeting Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Madam, We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e., Thursday, October 08, 2026, inter alia, considered and approved the following matters: 1. Proposal for consideration of Sale of the Company’s Factory Premises The Board considered the same and have in principle approved of sale of the Company’s factory premises situated at Navi Mumbai, together with the underlying land and building and other related assets, as may be applicable, subject to finalization of the prospective purchaser, such terms and conditions as may be mutually agreed and subject to obtaining such statutory, regulatory and other approvals, consents and permissions as may be applicable. In this regard, the Company is already in process of transition of its manufacturing operations from the Navi Mumbai premises to its upcoming manufacturing facility at Gujarat. The Gujarat Unit is being developed with larger and more suitable manufacturing infrastructure, with a view to providing enhanced capacity, improved operational efficiencies and greater flexibility to cater to the Company’s future manufacturing requirements. Any proposed sale or other transaction in relation to the Navi Mumbai premises shall be subject to the requisite approvals of the Members of the Company by way of Special Resolution, wherever applicable, and such other approvals, consents and permissions as may be required under applicable laws. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are mentioned below as Annexure-A. 2. Shifting of Registered Office of the Company For operational convenience and administrative efficiency, the Board of Directors considered and approved the proposal for shifting the Registered Office of the Company from Plot No. C-58, T.T.C. Industrial Area, Thane Belapur Road, Pawane, Navi Mumbai – 400705 to 1101, Universal Majestic, Behind RBK International School, Ghatkopar Mankhurd Link Road, Chembur (West), Mumbai – 400043, within the State of Maharashtra and under the jurisdiction of another Registrar of Companies. Regd. Off.: Plot No. C-58, T.T.C. Industrial Area, Thane Belapur Road, Pawane, Navi Mumbai – 400705 Email: corporate@skycorp.in SKY INDUSTRIES LIMITED CINNo.: Ll7120MH1989PLC052645 Corp Off.: 1101,Universal Majestic, Behind RBK Inti School, Ghatkopar Mankhurd Link Road, Chembur (West), Mumbai -400043 Tel.:+912267137900, Website.: www.skycorp.in The proposed shifting is intended to facilitate effective management and streamlined administration of the Company’s affairs and is subject to the approval of the members of the Company, the Regional Director, Ministry of Corporate Affairs and such other approvals as may be required. The Meeting of the Board of Directors of the Company commenced at 12 noon and concluded at 12:40 P.M. Please take the same on your record. Thanking you. Yours faithfully, For SKY INDUSTRIES LIMITED MAIKAL RAORANI WHOLE TIME DIRECTOR & CFO DIN: 00037831 Regd. Off.: Plot No. C-58, T.T.C. Industrial Area, Thane Belapur Road, Pawane, Navi Mumbai – 400705 Email: corporate@skycorp.in SKY INDUSTRIES LIMITED CINNo.: Ll7120MH1989PLC052645 Corp Off.: 1101,Universal Majestic, Behind RBK Inti School, Ghatkopar Mankhurd Link Road, Chembur (West), Mumbai -400043 Tel.:+912267137900, Website.: www.skycorp.in Annexure – A (Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) Sr. Particulars Details 1. The amount and percentage of the Approximately Rs. 20,00,00,000/- (Rupees turnover or revenue or income and net Twenty Crores only) of the annual turnover are worth contributed by such unit or attributable to the Navi Mumbai facility, which division or undertaking or subsidiary or constitutes approximately 25% of the total associate Company of the listed entity annual turnover of Rs. 84,54,43,007/- (Rupees during the last financial year; Eighty-Four Crores Fifty-Four Lakhs Forty- Three Thousand and Seven only). 2. Date on which the agreement for sale The definitive documents shall be signed in has been entered into; due course of time. 3. The expected date of completion of Within 6 months from the date of execution of sale/disposal; definitive documents, subject to fulfilment of applicable conditions precedent and receipt of requisite approvals, consents and permissions. 4. Consideration received from such The consideration shall be determined upon sale/disposal; finalization of the prospective purchaser and the terms of the proposed transaction. 5. Name and Brief details of buyers and The prospective purchaser has not yet been whether any of the buyers belong to the finalized. Accordingly, the name and details of promoter/ promoter group/group the purchaser, including whether the purchaser Companies. If yes, details thereof; belongs to the promoter/promoter group/group Companies, are not available as on date and shall be disclosed upon finalization of the transaction, as applicable. 6. Whether the transaction would fall The prospective purchaser has not yet been within related party transactions? If finalized. Accordingly, the applicability of yes, whether the same is done at “arm’s related party transaction provisions cannot be length”; determined as on date and shall be disclosed upon finalization of the purchaser and the transaction, as applicable. 7. Whether the sale, lease or disposal of The proposed sale is not pursuant to any the undertaking is outside Scheme of Scheme of Arrangement. Further, the Arrangement? If yes, details of the transaction shall be undertaken in compliance same including compliance with with the applicable provisions of Regulation regulation 37A of LODR Regulations. 37A, including obtaining the requisite approval i. Object of sale of: of the shareholders by way of special ii. Commercial Rational for: resolution, wherever applicable, and subject to iii.Use/investment of proceeds arising such other regulatory/statutory approvals and from: compliances as may be required. sale, lease or otherwise disposal of the whole or substantially the whole of the The Company shall ensure that the proposed undertaking. transaction is completed only after obtaining all requisite approvals and complying with the Regd. Off.: Plot No. C-58, T.T.C. Industrial Area, Thane Belapur Road, Pawane, Navi Mumbai – 400705 Email: corporate@skycorp.in SKY INDUSTRIES LIMITED CINNo.: Ll7120MH1989PLC052645 Corp Off.: 1101,Universal Majestic, Behind RBK Inti School, Ghatkopar Mankhurd Link Road, Chembur (West), Mumbai -400043 Tel.:+912267137900, Website.: www.skycorp.in applicable provisions of the SEBI LODR Regulations and other applicable laws. 8. Additionally, in case of a slump sale, Not Applicable. The proposed sale is not a indicative disclosures provided for slump sale. amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. "Slump sale" shall mean the transfer of one or more undertakings, as a result of the sale for a lump sum consideration, without values being assigned to the individual assets and liabilities in such sales. a) name of the entity(ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.; b) Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”; c) area of business of the entity(ies); d) rationale for amalgamation/ merger; e) in case of cash consi [Showing first 8,000 characters — download PDF for full document]