Intimation of conversion of warrants and allotment of equity shares

Date: October 08, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 MH IN Scrip Code: 523732 Subject: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 – Allotment of Equity Shares upon Conversion of Convertible Warrants. This is in continuation to our earlier disclosure dated April 09, 2025 wherein we had informed that in furtherance to approval of the Shareholders granted at the 2024-25 Extra-Ordinary General Meeting held on Friday, January 31, 2025 and further pursuant to the In-principle approval accorded by BSE Limited (“BSE”) vide their letter ref: LOD/PREF/TT/FIP/2047/2024- 25 dated March 26, 2025, the Company had allotted in aggregate 59,48,000 (Fifty Nine Lakhs Forty Eight Thousand) Convertible Equity Warrants (“Warrants”) of face value of ₹ 10/- (Rupees Ten Only) each at an issue price of ₹ 30/- (Rupees Thirty Only) each of the Company, on receipt of Warrants Subscription money @ 25% of the issue price. In this regard, we wish to inform you that in terms of issue of said Warrants, Some Warrants Holders Belonging to Non-Promoters Group as listed below in Table A, have exercised their option of conversion of 59,41,500 (Fifty Nine Lakhs Forty One Thousand Five Hundred Only) Warrants held by them and paid the balance 75% of the issue price on said Warrants and upon receipt of balance amount from such Warrant Holders, the Board of Directors of the Company via circular resolution passed today i.e. on 08th October, 2026 had inter-alia, considered and approved the Allotment of in aggregate 59,41,500 (Fifty Nine Lakhs Forty One Thousand Five Hundred Only) Fully Paid up Equity Shares of face value of ₹ 10/- (Rupees Ten Only) each of the Company to the Warrant Holder as listed in Table A. Table A Sr. Name of Categor No. of No. of No. of Balance Balane N Allottee y Warrants Warrants Equity 75% of outstnadi o. Held applied Shares Issue ng (prior to for Allottee price warrants conversio conversi d receive for n) on d conversio 1 Non Tony David Promote 8,000 8,000 8,000 180000 NIL r-Public 2 Non Mudunuri Promote 7,500 7,500 7,500 168750 NIL Venkatraju r-Public 3 Nandhyala Non Phanindra Promote 7,500 7,500 7,500 168750 NIL Varma r-Public 4 Non Anil Prabhakar Promote 5,000 5,000 5,000 112500 NIL Bhosale r-Public 5 Pankaj Non Mulchandji Promote 2,000 2,000 2,000 45000 NIL Gupta r-Public 6 Non Rakesh Pradip Promote 1,500 1,500 1,500 33750 NIL Girme r-Public 7 Non Tate Shankar Promote 1,500 1,500 1,500 33750 NIL Pandurang r-Public 8 Non Amit Milind Promote 1,500 1,500 1,500 33750 NIL Dhandore r-Public 9 Non Vivek Kumar Promote 1,500 1,500 1,500 33750 NIL Pandey r-Public 10 Popat Non Bhimrao Promote 1,000 1,000 1,000 22500 NIL Palave r-Public 11 Abhijit Non Ramchandra Promote 1,000 1,000 1,000 22500 NIL Mane r-Public 12 Non Bapurao Hari Promote 1,000 1,000 1,000 22500 NIL Chaugule r-Public 13 Vegesna Non Chandrasekh Promote 1,000 1,000 1,000 22500 NIL ara Raju r-Public 14 Mahesh Non Pandurang Promote 1,000 1,000 1,000 22500 NIL Bendre r-Public 15 Sanjay Non Namdev Promote 500 500 500 11250 NIL Dhage r-Public 16 Gottumukkala Non Madhavi Promote 80,000 80,000 80,000 1800000 NIL Kumari r-Public 17 Gottumukkala Non Sai Venkata Promote 40,000 40,000 40,000 900000 NIL Subba Raju r-Public 18 Gottumukkala Venkata Non NIL 90,000 90,000 90,000 Subba Promote 2025000 Lakshmi r-Public 19 Venkata Non Subhadra Promote 60,000 60,000 60,000 1350000 NIL Devi Kalidindi r-Public 20 Purna Non Chandravathi Promote 95,000 95,000 95,000 2137500 NIL Chekuri r-Public 21 Non Promote 38,500 38,500 38,500 866250 NIL Chekuri Girish r-Public 22 Preeti Non Bhalchandra Promote 1,00,000 1,00,000 1,00,000 2250000 NIL Puranik r-Public 23 Bhalchandra Non Pramod Promote 1,00,000 1,00,000 1,00,000 2250000 NIL Puranik r-Public 24 Agvida Non 450000 20,00,00 20,00,0 Management Promote 20,00,000 00 NIL 0 00 Services LLP r-Public 25 S&D Traders Non 3352125 15,96,50 (Partnership Promote 15,96,500 15,96,500 0 NIL Firm) r-Public 26 3ns Capital Non 1800000 8,00,00 Ventures Promote 8,00,000 8,00,000 0 NIL Private Limited r-Public 27 Non 8,00,00 Sidpat Capital Promote 8,00,000 8,00,000 1800000 NIL Advisors LLP r-Public 0 28 Non 1125000 Sachin Jain Promote 50,000 50,000 50,000 NIL HUF r-Public 29 Ramnish Kiran Non 1125000 Gaikwad and Promote 50,000 50,000 50,000 NIL Sons HUF r-Public The newly issued and allotted Equity Shares shall rank pari-passu, in all respects with existing Equity Shares of the Company. Consequent to above allotment, the Paid-Up Equity Share Capital of the Company stands increased as follows: Particulars No. of Equity Shares of Rs. 10 Amount in Indian Rupees each Existing Paid up equity share 26406740 264067400 capital Post allotment paid up 32348240 323482400 equity share capital The application for listing and trading approval of the Stock Exchange for the newly issued and allotted Equity Shares will be made in due course of time. Further, the information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are enclosed to this letter as Annexure-I. You are requested to take the same on records and acknowledge the receipt of the same Thanking you, Yours faithfully, For, Ecoboard Industries Limited Praveen Kumar Raju Gottumukkala Whole Time Director and CFO DIN: 05180152 Sr. No. Disclosure Requirements Details Type of Securities 1. Fully Paid-Up Equity Shares of face value of proposed to be issued (viz. ₹10/- each. equity share, convertibles etc.) Preferential Issue (Conversion of Warrants 2. Type of Issuance into Equity Shares). Allotment of 59,41,500 Fully Paid-Up Equity Shares at an issue price of ₹ 30/- each Total number of securities (including premium of ₹ 2 0 /- each), upon 3. proposed to be issued or conversion for equal number of Warrants total amount for which the allotted at an issue price of ₹ 30/- each upon securities will be issued receipt of balance amount at the rate of ₹ (approximately) 22.5/- per warrant (being 75% of the issue price per warrant) aggregating to ₹ 133683750/- Please refer to Table A as above for the List of Allottees. 4. Additional details in case of preferential issue: a. Names of Investors Please refer to Table A as above for the List of Allottees. Please refer to Table A as above for the List of Allottees. 5948000 Warrants had been allotted on April Post allotment of securities 09, 2025, carrying the right to subscribe to one – outcome of the Equity Share per warrant on receipt of amount subscription at the rate of Rs. 7.5/- per warrant (being 25% of the issue price per warrant.) Of which now, 59,41,500 Equity Shares have been allotted on receipt of balance amount at the rate of Rs. 22.5/- per warrant (being 75% of the issue price per warrant). The issue price of the Equity Shares shall be Issue price/ allotted price (in c. INR 30/-(Rupees Thirty only) including case of convertibles) Premium of INR 20/- (Rupees Twenty only) per Equity Share. On April 09, 2025, 59,48,000 warrants were allotted, each carrying the right to subscribe to one Equity Share upon payment of the issue In case of convertibles – price of Rs. 7.5/- per warrant. (25%) intimation on conversion of securities or on lapse of the Out of these, 59,41,500 Equity Shares have now tenure of the instruments been allotted upon receipt of the balance amount of Rs. 22.50/- per warrant (75%). The remaining 6,500 warrants have lapsed, comprising:  Jayasing Vishnu Kadam – 4,500 warrants  Danduboina Suribabu – 2,500 warrants Any cancellation or e. termination of Not Applicable proposal for issuance of securities including reasons thereof