Outcome of BM dated 12.10.2026 allotment of warrants

Date: 12.10.2026 The Chief General Manager Listing Operation, BSE Limited 20th Floor, P.J. Towers, Dalal Street, Mumbai – 400 001 Sub: Outcome of Meeting of Board of Directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR Regulations”) Dear Sir/Madam (s), Pursuant to the approval of the Board of Directors at its meeting held on Friday, July 31, 2026, and approval of the members of the Company at their Annual General Meeting held on Saturday, August 29, 2026, and pursuant to In-principle approval granted by BSE vide its letter dated September 29, 2026, and upon receipt of an amount aggregating to ₹ 4,42,11,750/- (Four Crore Forty-Two Lakh Eleven Thousand Seven Hundred Fifty Only) at the rate of ₹31.625/- per warrant (being 25% of the issue price per warrant) as warrant subscription price, the Board of Directors of the Company at their meeting held on October 12, 2026, at the registered office of the company, has considered and approved the allotment of 13,98,000 warrants convertible into equal number of equity shares on preferential basis at an issue price of ₹126.50/- (Rupees One Hundred Twenty Six and fifty paise only) per warrant (including the warrant subscription price of ₹31.63/- per warrant, and the warrant exercise price of ₹94.875/- per warrant) aggregating to ₹17,68,47,000/- (Rupees Seventeen Crore Sixty-Eight Lakh Forty Seven Thousand Only) to persons belonging to promoter and non-promoter group (“Allottees”), viz. Sr. No. Name No. of Warrants allotted Promoter/ non-promoter 1. Devinder Garg 3,00,000 Promoter 2. Vaneera Garg 3,00,000 Promoter 3. Toshak Garg 3,00,000 Promoter 4. Daksh Garg 3,00,000 Promoter 5. Sangeeta Pareekh 51,000 Non-Promoter 6. Securocrop Securities 1,02,000 Non-Promoter India Private Limited 7. Saket Agarwal 30,000 Non-Promoter 8. Vanshika Sharma 3,000 Non-Promoter 9. Manit Sawhney 12,000 Non-Promoter Each of the Warrants, so allotted, is convertible into one fully paid-up equity share of face value of ₹10/- (Rupees Ten only) of the Company in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, on payment of the balance consideration of ₹94.88/- per warrant (being 75% of the issue price per warrant) from the Allottees at the time of allotment of equity shares pursuant to exercise of conversion option against each such warrant. The meeting of the Board commenced at 1:00 P.M. and concluded at 2:00P P.M. We request you to take the above information on record. Thanking you, Yours faithfully, For Garg Furnace Limited Davinder Garg Managing Director DIN: 01665456 Place: Ludhiana