With reference to the subject cited, it is hereby informed that the Board of Directors of the company at its meeting held on Tuesday, 13th October 2026 at 11.00a.m. and concluded at 11.15a.m., inter-alia considered and approved the appointment of Statutory Auditor to fill up the casual vacancy in the office of Statutory auditor and convening Extra-Ordinary General Meeting of the company.

Date: 13th October 2026 The Deputy General Manager, Listing Department, BSE Limited, 1st Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai Maharashtra – 400001. Dear Sir/Madam, Subject: Outcome of Board Meeting - Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. Ref: Company Scrip Code: 530713 Company Name: Ajel Limited (ISIN: INE229B01015) With reference to the subject cited above, this is to inform the Exchange that at the meeting of Board of Directors of M/s. Ajel Limited held on Tuesday, the 13th day of October, 2026 Commenced at 11.00 A.M. and concluded at 11.15 A.M. at the corporate office of the company situated at Plot No. 645, Flat No. 302, DNR Residency, Road No. 35, Survey of India Colony, Chanda Naik Nagar, Madhapur, Hyderabad, Telangana-500081 India, inter-alia considered and approved the following by the Board: • Approved the Appointment of Statutory Auditors to fill up the Casual Vacancy in the office of Statutory Auditor: The Audit Committee and Board of Directors at its meeting held today approved the appointment of M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) as Statutory Auditors of the Company to fill the casual vacancy caused due to the resignation of M/s G M K & CO. LLP, Chartered Accountants (FRN: S200357), on the recommendation of the Audit Committee but subject to approval of shareholders to be obtained at the Extra Ordinary General meeting of the company. The said appointment is pursuant to applicable provisions of the Companies Act 2013 and the SEBI Listing Regulations, 2015. The existing/outgoing Auditors have not raised any concern or issue and there is no reason other than as mentioned in their letter and the same was intimated to the BSE on 10th October 2026. M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S), Statutory Auditors of the Company shall hold office up to the ensuing Annual General Meeting of the company. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of Listing Regulations along with SEBI Circulars, we wish to inform that M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S), has vide its letter have provided the Consent to act as Statutory Auditor of the Company with effect from 13th October 2024. Ajel Limited Branches: Regd. : 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Off New Link Rd, Hyderabad, Telangana, India Behind Goregaon Sport Club, Malad (W), Mumbai, Maharashtra-400064. Bengaluru, Karnataka, India ☎ +91 22 47456999 ● +91 7382292535 Princeton, NJ, USA ajel.in ● ajel.com ● info@ajel.com  📧📧 San Francisco, CA, USA CIN: L67120MH1994PLC076637 Name of the Statutory Auditors: M/s Maddukuru & Associates. Date of Appointment: 13th October 2026 Term of Appointment: To hold the office till the conclusion of the ensuing Annual General Meeting. Brief profile (in case of appointment): Have an expertise in providing Auditing, Finance, Legal, Taxation, Assurance & Regulatory services. Comments of Audit Committee: The Audit Committee is of the view that, to fill the casual vacancy caused due to the resignation of M/s G M K & CO LLP, Chartered Accountants (FRN: S200357). The Committee recommended the appointment of M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) as Statutory Auditors of the Company with effect from 13th October 2026. The Committee also noted that the Resigning Statutory Auditors have not raised any concern or issue. The Details with respect to change in Auditors of the Company as required under Regulation 30 and read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed herewith. • Convening an Extra Ordinary General Meeting of the Company The board of directors has decided to convene an Extra Ordinary General Meeting (“EGM”) on Friday, 06th November 2026, in order to seek approval of the shareholders of the Company, inter alia, for the matter specified above i.e., for Appointment of Statutory Auditory in Casual Vacancy and has approved the Draft of the notice for same. The notice of the said EGM will be sent separately to the Stock Exchange(s) and to the Members of the Company and shall be submitted to the Stock Exchanges in due course in compliance with the provisions of the Listing Regulations. The above information’s will be made available on the Company’s website. • To hold the 1st Extra — Ordinary General Meeting (“EGM”) of the Shareholders of the Company on Friday, 13th October 2026 at 10:00 AM. to be held through Video Conferencing (“VC”) /Other Audio-Visual Means (“OAVM”). The proceedings of the 1st Extra — Ordinary General Meeting (“EGM”) shall be deemed to be conducted at the Registered Office of the Company situated at 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Behind Goregaon Sports Club, Off New Link Road, Malad (W), MUMBAI, Maharashtra – 400064, which shall be the deemed venue of the EGM. • Appointment of scrutinizer for the purpose of e-voting The Board of Directors have appointed C V Reddy K & Associates, Practicing Company Secretaries (M. No: 7976 & CP No.8998) as the Scrutinizer to scrutinize the e-voting process in a fair and transparent manner for the purpose of EGM of the Company. Ajel Limited Branches: Regd. : 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Off New Link Rd, Hyderabad, Telangana, India Behind Goregaon Sport Club, Malad (W), Mumbai, Maharashtra-400064. Bengaluru, Karnataka, India ☎ +91 22 47456999 ● +91 7382292535 Princeton, NJ, USA ajel.in ● ajel.com ● info@ajel.com  📧📧 San Francisco, CA, USA CIN: L67120MH1994PLC076637 Thank you for your attention to this matter. Thanking You, Yours faithfully, for Ajel Limited Srinivasa Reddy Arikatla Managing Director DIN: 01673552 Enclosed: a/a ANNEXURE- I Details with respect to change in Auditors of the Company as required under Regulation 30 and read with Schedule 11l of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 Appointment of Statutory Auditors Particulars Details Name of the Company Ajel Limited Name of the Auditor M/s. Maddukuru & Associates, Reason for change viz., appointment, To fill up the casual vacancy in the office of resignation, removal, death or Statutory Auditor for the financial year 2026-27 otherwise Effective Date of Appointment 13th October 2026 Term of Appointment To hold the office till the conclusion of the ensuing Annual General Meeting Brief profile (in case of appointment) Have expertise in providing Auditing, Finance, Legal, Taxation, Assurance & Regulatory services. Disclosure of relationships between None. directors (in case of appointment of a director) Ajel Limited Branches: Regd. : 714, IJMIMA Complex, Raheja Metroplex, Mindspace, Off New Link Rd, Hyderabad, Telangana, India Behind Goregaon Sport Club, Malad (W), Mumbai, Maharashtra-400064. Bengaluru, Karnataka, India ☎ +91 22 47456999 ● +91 7382292535 Princeton, NJ, USA ajel.in ● ajel.com ● info@ajel.com  📧📧 San Francisco, CA, USA CIN: L67120MH1994PLC076637 Brief Profile: MADDUKURU & ASSOCIATES Audit ● Tax ● Advisory MADDUKURU & ASSOCIATES is a firm of Chartered Accountants headquartered in Ongole, Andhra Pradesh, India, serving clients across India. The Firm is led by a team of highly experienced partners who specialize in their respective areas of Audit and Assurance, Taxation, Accounting & Financial Advisory services. They are dedicated to providing exemplary services to their prestigious clients. MADDUKURU & ASSOCIATES is dedicated to maintaining high standards of professional integrity, independence, transparency, and quality in its engagements. With an emphasis on regulatory compliance, financial accuracy, and client satisfaction, the firm aims to support businesses, organizations, and individuals in meeting their financial and statutory requirements. 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