Copy of Newspaper Publication

Date: 30th June, 2026 To, To, The Corporate Relations Department Head - Listing Operations, National Stock Exchange of India Ltd BSE Limited, Exchange Plaza, C-1, Block G, P.J. Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra East, Mumbai – 400 001. Mumbai, Maharashtra 400051 NSE SYMBOL: NARMADA BSE SCRIPT CODE: 543643 Dear Sir / Ma’am, Subject: Newspaper Publication regarding completion of dispatch of postal ballot notice and intimation of remote e‐voting facility Pursuant to Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose copies of the advertisement published in the following newspapers on Tuesday, 30th June, 2026, informing the shareholders regarding the dispatch of the Postal Ballot Notice through electronic mode, the availability of the remote e-voting facility, and other related information in connection with the proposed variation in the objects of the Rights Issue for utilisation of the funds from the net proceeds of the issue of equity shares of the Company, by modifying the objects of the issue as set out in the Letter of Offer dated 17th September, 2024 1. English Newspaper – The Financial Express Newspaper and 2. Regional Language Newspaper (Gujarati) – Financial Express Newspaper Kindly take the same on your record and oblige us. Thanking You, For, Narmada Agrobase Limited Neerajkumar Sureshchandra Agrawal Chairman and Managing Director DIN: 06473290 NARMADA AGROBASE LIMITED (L15494GJ2013PLC073468) Tender No : 09/2026-27/ KWA/PHC/ TVLA,10/2026-27/KWA/PHC/TVLA 1) Jal Jeevan Mission (JJM)-Chenneerkkara Panchayath-Construction of 11.5 MLD WTP for Regd off.: 613/P-1, IJ Pura (Jethaji) Dhanpura Road, Tal. Jotana, Mahesana Gujarat 384421 India Chenneerkara and Omalloor Panchayaths-General Civil Work, 2) Jal Jeevan Mission (JJM)-RWSS to Email: infonarmadaagrobase@gmail.com • website: www.narmadaagrobase.com Cherukole-Naranganam Design and Construction of 10 MLD Water Treatment Plant with 8.5 LL Form PAS-1 Sump cum Pump house and 5LL OHSR at Vayalathala WTP Site-General Civil Work EMD : Rs. [Pursuant to section 27(1) and rule7(2) of Companies (Prospectus and Allotment of Securities) Rules, 2014] 500000, 500000 Tender fee : Rs. 19518,19518 Last Date for submitting Tender : 20-07-2026 02:00:pm Phone : 8281597974 Website : www.kwa.kerala.gov.in www.etenders.kerala.gov.in Advertisement giving details of notice of special resolution for Variation in the object of the Rights Issue for utilisation of funds out of the net proceeds of the Issue of equity shares of the Company by modifying the objects of the issue as stated in Superintending Engineer the Letter of Offer dated September 17, 2024 KWA-JB-GL-6-126-2026-27 PH Circle Pathanamthitta Corporate Identification Number (CIN) -L15494GJ2013PLC073468 Name of the Company-Narmada Agrobase Limited Registered office address-613/P-1, U Pura (Jethaji) Dhanpura Road, Tal. Jotana, Mahesana, Mahesana, Gujarat, India, 384421 NOTICE OF POSTAL BALLOT Notice is hereby given that by a resolution dated 16thJune, 2026 the Board has proposed to Variation in the object of the Rights Issue for utilisation of funds out of the net proceeds of the Issue of equity shares of the Company by modifying the objects of the issue as stated in the Letter of Offer dated September 17, 2024 connection with issue of 2,43,87,685 Fully Paid-up Equity shares having face value of Rs. 10.00/- each at a price of Rs. 15.00/- (Rupees Fifteen Only) per Equity share (including a share premium of Rs. 5.00/- per Equity share) ("Equity Shares") aggregating to Rs. 36,58,15,275/- In pursuance of the said resolution, further notice is given that for approving the said proposition, a special resolution is to be passed by postal ballot. The details regarding such variation/alteration are as follows- 1. Particulars of the terms of the contract to be varied: (Rs. In Lakhs) Sr. Objects of the Original Amount % of extent of Balance Revised Amount No. Issue Amount Utilized achievement of Amount Objects to be the proposed Utilised Objects 1. To finance expenditure towards 770.00 0.00 0.00 770.00 Repayment of 770.00 Acquisition of Land, Construction of Oil the outstanding Mill Plant & other civil works and loan availed by Purchase of Plant & Machineries the Company from State Bank of India. 2. Incremental Working Capital 1,787.00 1,787.00 100.00 0.00 – – Requirements 3. General Corporate Purpose 901.15 901.15 100.00 0.00 – – Net Proceeds from the issue 3,458.15 2,688.15 77.73 770.00 – 770.00 2. Particulars of the proposed variation/alteration- The Company intends to vary the terms of one of the objects of the Letter of Offer, namely, “To finance expenditure towards Acquisition of Land, Construction of Oil Mill Plant & other civil works and Purchase of Plant & Machineries”, for which the Company had raised an amount of Rs. 770.00 Lakhs in the Rights Issue, by using such funds for the proposed expansion to set up an Oil Mill Plant in Jotana, Mehsana, Gujarat. 3. Reasons/justification for the variation The Company has reviewed the implementation status of the objects stated in the Letter of Offer and its present business requirements. Upon such review, the Board observed that the proposed capital expenditure towards Acquisition of Land, Construction of Oil Mill Plant & other civil works and Purchase of Plant & Machineries amounting to Rs. 770.00 Lakhs has not been undertaken and the management has decided to defer such procurement considering the current operational requirements and availability of alternate arrangements for project execution. Subsequent to the Rights Issue and upon a review of the Company's financial position and business requirements, the Board of Directors has considered it prudent and commercially beneficial to prioritize the reduction of the Company's debt obligations. The Company has outstanding borrowings from State Bank of India amounting to Rs. 908.33 Lakhs. Accordingly, with a view to strengthening the Company's balance sheet, reducing interest costs, improving cash flows, and enhancing overall financial flexibility, the Board has proposed to revise the utilization of the unutilized Rights Issue proceeds. The amount originally earmarked for acquisition of land, construction of the oil mill plant and other civil works, and purchase of plant and machinery aggregating to Rs. 770.00 Lakhs is proposed to be reallocated towards repayment of the outstanding loan facilities availed from State Bank of India. Notwithstanding such repayment, the Company will continue to avail and utilize the Cash Credit (CC) facility sanctioned by State Bank of India. 4. Effect of the proposed variation/alteration on the financial position of the Company- With a view to strengthening the Company's balance sheet, reducing interest costs, improving cash flows, and enhancing overall financial flexibility, the Board has proposed to revise the utilization of the unutilized proceeds of the Rights Issue. 5. Major Risk factors pertaining to the new Objects The proposed variation in the object of the issue from financing expenditure towards acquisition of land, construction of the oil mill plant, other civil works, and purchase of plant and machinery to repayment of loan may result in deferment or modification of the Company's earlier expansion plans. While repayment of loan is expected to reduce the Company's debt obligations and finance costs and strengthen its financial position, the benefits arising from such utilization of funds may not result in immediate enhancement of the Company's operational capacity, profitability, or cash flows. Further, there can be no assurance that the reduction in indebtedness resulting from the proposed loan repayment will translate into improved financial performance, as the Company's future results will continue to be subject to various business, operational, and market risks. 6. Names of Directors who voted against the pro [Showing first 8,000 characters — download PDF for full document]