Outcome of Board Meeting held on 13th October 2026.

Date: October 13, 2026 BSE Limited Department of Corporate services Phirojee Jeejeebhoy Towers Dalal Street, Mumbai – 400023 Scrip Code: 543921 Subject : O: utcome of meeting of the Board of Directors of Comrade Appliances Limited in terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, In reference to the captioned subject and in terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time (“SEBI Listing Regulations”), we wish to inform that the Board of Directors of Comrade Appliances Limited (“the Company”), at their meeting held today i.e. Tuesday, October 13, 2026, has inter alia, considered and approved the following business: I. Issue and allotment of up to 24,00,000 (Twenty-Four Lakh) Equity Shares having face value of Rs. 10/- each of the Company, at an issue price of Rs. 34/- per Equity Share, determined in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, for cash, for an aggregate amount of up to Rs. 8,16,00,000/- to the below-mentioned persons/ entities belonging to “Public” category, subject to the approval of members of the Company and applicable regulatory authorities: Sr. Name of the Proposed Category (Promoter & Promoter No. of Equity No. Allottee Group/ Public)# Shares (up to) 1. Omnia Appliances Private Currently: Public 20,00,000 Limited Post Open Offer: Promoter & Promoter Group 2. Anadi Investments Private Public 4,00,000 Limited Total 24,00,000 (#) Pursuant to the proposed Preferential Issue and SPA (as detailed below), the proposed allottee namely Omnia Appliances Private Limited along with other Acquirers will be holding substantial stake and will acquire joint control and management of the Company for which the proposed allottee and other Acquirers are required to make an Open Offer under SEBI (SAST) Regulations, 2011, upon completion of Open Offer formalities they will form part of the Promoter & Promoter Group of the Company. Details as required under Regulation 30 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 pertaining to the proposed preferential issue is annexed herewith as ‘Annexure A’. II. Pursuant to the provisions of Regulation 30 of SEBI Listing Regulations, read with clause 5A of Para A of Part A of Schedule III of SEBI Listing Regulations, we would like to inform that Mr. Mehboob Alam, the promoter of the Company (hereinafter referred to as ‘Seller’) has entered into a Share Purchase Agreement on October 13, 2026 with Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP and MLJ Aeternum LLP (hereinafter referred to as ‘Acquirers’) under which the Acquirers proposes to acquire 18,90,000 Equity Shares representing 24.30% of the present paid-up share capital of the Company at Rs. 34/- each per Equity Share amounting to the total consideration of Rs. 6,42,60,000/- (Rupees Six Crore Forty-Two Lakh and Sixty Thousand Only). In this regard, the details as required under Regulation 30 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is annexed herewith as ‘Annexure B’. III. Further, as per the provisions of Regulation 30 of SEBI Listing Regulations, read with clause 5 of Para A of Part A of Schedule III of SEBI Listing Regulations, we do hereby inform that following agreements have also been entered on October 13, 2026: Shareholders Subscription Agreement between the Company and Omnia Appliances Private Limited (‘Acquirer’) for recording the terms of the preferential allotment for issue and allotment of 20,00,000 equity shares to the Acquirer. In this regard, the details as required under Regulation 30 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is annexed herewith as ‘Annexure C’. IV. Constituted a Preferential Issue Committee of the Board of Directors of the Company to take all necessary actions, in connection with this Issue and to finalize/approve all the relevant documents, as may be deemed necessary. V. Considered and approved the draft notice of Postal Ballot for approval by the members of the Company on the resolutions set out in the aforesaid Notice. The meeting of the Board of Directors commenced at 4:00 AM and concluded at 4:10 You are requested to kindly take the same on your records. Thanking you, Yours faithfully, For Comrade Appliances Limited Khursheed Alam Managing Director DIN: 07349338 Annexure A Details pertaining to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as follows: S. No. Particulars Disclosures 1. Type of securities proposed to be issued Equity Shares 2. Type of issuance Preferential Issue 3. Total Number of Securities proposed to be Issue and allotment of up to 24,00,000 Equity Shares issued or the total amount for which the having face value of Rs. 10/- each of the Company, at securities will be issued (approximately) an issue price of Rs. 34/- per Equity Share, determined in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, for cash, for an aggregate amount of up to 8,16,00,000/- 4. Issue price/ Allotted price Rs. 34/- (Rupees Thirty-Four Only) per Equity Share 5. Number and Names of the Investor Sr. No. Name of the Proposed Allotee 1. Omnia Appliances Private Limited 2. Anadi Investments Private Limited 6. In case of convertibles, Intimation on Not Applicable conversion of securities or on lapse of the tenure of the instrument. 7. Nature of Consideration (Whether cash or Cash consideration other than cash) 8. Any cancellation or termination of proposal Not Applicable for issuance of securities including reasons thereof. Yours faithfully, For Comrade Appliances Limited Khursheed Alam Managing Director DIN: 0734933 Annexure B Disclosure under clause (5A) [i.e., Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III to the Regulation 30 of SEBI Listing Regulations: S. No. Particulars a) If listed entity is not a party to the agreement i. Name of the party entering into such an Mr. Mehboob Alam, the Promoter of the agreement and the relationship with the Company holding 22,83,705 Equity Shares listed entity representing 29.36% of the paid-up share capital of the Company has entered into the Share Purchase Agreement (‘SPA’) with Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP and MLJ Aeternum LLP for the sale of 18,90,000 equity shares representing 24.30% of the current paid-up share capital of the Company. ii. Details of the counterparties to the Omnia Appliances Private Limited, Graphic agreement (including name and Promoters and Developers Private Limited, relationship with the listed entity) Amaira Estate Advisors LLP and MLJ Aeternum LLP (‘the Acquirers’), acquiring 18,90,000 equity shares representing 24.30% of the current paid-up share capital of the Company from Mr. Mehboob Alam, the Promoter of the Company through the Share Purchase Agreement entered on October 13, 2026. They do not have any relationship with our Company on the date of entering SPA. iii. Date of entering into the agreement October 13, 2026 b) Purpose of entering into the agreement The Acquirers has entered the SPA with the Seller for acquisition of substantial shares and control over the Company c) Shareholding, if any, in the entity with NA whom the agreement is executed d) Significant terms of the agreement The SPA is entered into between Acquirers and Seller under which the Acquirers agree to acquire, and seller agree to sale 18,90,000 equity shares representing 24.30% of the current paid-up share capital of our Company. The brief terms are mentioned below – [Showing first 8,000 characters — download PDF for full document]