Issue and alloment of up to 24,00,000 Equity Shares by Comrade Appliances Limited("the company" or the "Issuer") purusant to SEBI (ICDR) Regulation, 2018 with recommendationsof committee of Independent Directors ("IDC") of the Company.

Date: October 13, 2026 BSE Limited Department of Corporate services Phirojee Jeejeebhoy Towers Dalal Street, Mumbai – 400023 Scrip Code : 543921 Subject : Issue and allotment of up to 24,00,000 Equity Shares by Comrade Appliances Limited (“the Company” or the “Issuer”) pursuant to SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). Reference : Recommendations of the Committee of Independent Directors (“IDC”) of the Company. Dear Sir/Madam, In reference to the captioned subject and in terms of the provisions of Regulation 166A of SEBI ICDR Regulations, the Independent Directors Committee of the Company has reviewed Valuation Report, other relevant documents and other relevant information with regard to the proposed preferential issue provided by Comrade Appliances Limited and provided their recommendations, enclosed at ‘Annexure Thanking you, Yours Faithfully, For Comrade Appliances Limited Rajan Agarwal Chairman Committee of Independent Directors Annexure I Recommendations of the Committee of Independent Directors (“IDC”) of Comrade Appliances Limited in relation to the proposed Preferential Issue of up to 24,00,000 Equity Shares of the Company, in accordance with the provisions of SEBI ICDR Regulations, 2018. Date of Meeting Tuesday, October 13, 2026 Name of the Company Comrade Appliances Limited Details of the Offer pertaining Preferential Issue of up to 24,00,000 Equity Shares of face value to the Company of Rs. 10/- each, for Cash, at an issue price of Rs. 34/- aggregating up to Rs. 8,16,00,000/-. Name of the Investors No. of Equity Shares Name of the Proposed being issued Allottees (up to) Omnia Appliances Private 20,00,000 Limited Anadi Investments Private 4,00,000 Limited Total 24,00,000 Members of the Committee of Rajan Agarwal Independent Directors (IDC) Sonu Dhariwal IDC Member’s relationship The members of the Independent Directors Committee are with the Company (Director, only the Directors of the Company and have no other Equity Shares owned, and other relationship with the Company. contract/relationship), if any. Trading in the Equity None of the member of IDC have traded in the Equity Shares/other securities of the Shares of the Target Company during 12 months prior to the Company by IDC Members Relevant date, i.e. Tuesday, October 13, 2026. IDC Member’s relationship None of the Independent Directors Committee member with the Allottees (Director, holds any contracts nor have any relationship with the Equity Shares owned, and other Allottees contract/relationship), if any. Trading in the Equity Not Applicable Shares/other securities of the Allottees by IDC Members Disclosure of Voting Pattern of The members of IDC voted unanimously in favor and the meeting in which the recommended issuance of Equity Shares on the preferential proposal of issuance of basis. securities on preferential basis was discussed Summary of reasons for The members of IDC have reviewed the Valuation Report, recommendation other relevant documents and other relevant information by the Issuer Company. Based on the review, members of IDC are of the view that the offer price is in line with the parameters prescribed under SEBI ICDR Regulations. The Committee recommends that its members have exercised their independent judgement in providing the recommendations to the Board of Directors. Details of the Independent None Advisors, if any Any other matter to the None highlighted To the best of our knowledge and belief, after making proper enquiry, the information contained or accompanying this statement is, in all material respect, true and correct and not misleading, whether by omission of any information or otherwise, and includes all the information required to be disclosed by the Company under the SEBI ICDR Regulations. For and on behalf of the Committee of Independent Directors of Comrade Appliances Limited Rajan Agarwal Chairman Committee of Independent Directors Place: Delhi Date: October 13, 2026