Outcome of the Board meeting held on 14/10/2026

Sharvaya T Date: October 14, 2026 METALS LTD. Department of Corporate Services (DSC-CRD) Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 Subject: Outcome of Board Meeting held on Wednesday, 14" day of October, 2026 pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Ref.: SHARVAYA METALS LIMITED, Scrip Code: 544506, ISIN: INEOUJF01018. Dear Sir/Madam, In furtherance to our intimation under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) about the board meeting and in pursuant to Regulation 30 of the SEBI LODR Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2025 /3762 dated January 30, 2026, we would like to inform you that the Board of Directors of Sharvaya Metals Limited (“Company”) in their meeting held today, ie., Wednesday, 14" day of October, 2026, have inter alia, considered, recommended, and approved the following matters: 1) Approved increased in Authorised Share Capital of the Company and consequently amendment in Clause V/5 of the Company’s Memorandum of Association, subject to approval of the shareholders of the Company. 2) Approved, subject to shareholders and regulatory authorities: (a) to create, offer, issue and allot up to and deliver, in one or more tranches, up to 8,11,000 (Eight Lakhs Eleven Thousand) Fully Convertible Warrants (“Warrants”) of face value INR 10/- (Indian Rupees Ten Only) each at an issue price of INR 144/- (Indian Rupees One Hundred Forty-Four only) per Warrants, with each Warrant carrying a right to subscribe to 1 (one) Equity Share of face value INR 10/- (Indian Rupees Ten only) each of the Company (“Equity Shares”) at any time within a period of 18 (Eighteen) months from the date of allotment of such Warrants, total aggregating to INR 11,67,84,000/- (Indian Rupees Eleven Crores Sixty-Seven Lakhs Eighty-Four Thousand only) for cash to the proposed allottees as detailed below (herein referred as “Proposed Warrant Allottees”), on a preferential basis, in accordance with the SEBI ICDR Regulations and other applicable laws and on such terms and conditions as the Board may deem fit, in its absolute discretion, without requiring any.~ further consent or approval of the Members. Registered Office & Factory Address.: Gat No. 59, 17th KM Stone, Nagar-Kalyan Highway, Village Bhalwarfj~ Taluka - Parner, District - Ahilyanagar. Pin Code - 414 302. Maharashtra, INDIA. Email - info@sharvayametals.com, sharvayametals@gmail.com Website - www.sharvayametals.com Contact - +91- 9175448175 CIN NO. L27310PN2014PLC150937 Page 1 of 14 Disclosure of Information pursuant to Regulation 30 read with Part A of Schedule Ill of SEBI (LODR) Regulations, 2015 read with SEBI Circulars issued from time to time for matters in 5 above is enclosed as Annexure B; and (b) to create, offer, issue and allot, in one or more tranches, up to 21,00,000 (Twenty-One Lakhs) fully paid-up equity shares of the Company of face value of INR 10/- (Indian Rupees Ten Only) each (“Swap Shares”) at INR 144 (Indian Rupees One Hundred Forty-Four Only) per equity share, aggregating to INR 30,24,00,000 (Indian Rupees Thirty Crore Twenty- Four Lakhs Only) (“Purchase Consideration”), to Sellers, belonging to the promoter category of the Company, by way of a preferential issue on a private placement basis, for consideration other than cash, being the swap of shares of the Company, Success Electronics Private Limited (“Success”), whereby the Company shall acquire from the Sellers 2,00,000 (Two Lakhs) Equity Shares of the Success Electronics Private Limited (“Sale Shares”), representing 100% of the total paid-up share capital of the Company Success, on a share swap basis in the ratio of 2:21 (i.e., 21 equity shares of the Company for 2 equity share of Success), as full and final consideration in terms of the Share Purchase and Swap Agreement. 3) Approved acquisition of 100% share capital of Success through share swap (i.e. non-cash consideration basis), for the total consideration of about INR 30,24,00,000 (Indian Rupees Thirty Crore Twenty-Four Lakhs Only) and Share Purchase and Swap Agreement entered between the Company, Success and shareholders of Success. Disclosure of Information pursuant to Regulation 30 read with Part A of Schedule Ill of SEBI (LODR) Regulations, 2015 read with SEBI Circulars issued from time to time for matters in 4 above are enclosed as Annexure A. a) Ratified the appointment of Registered Valuer to determine the fair price of the Equity Shares / Convertible Securities of the Company proposed to be issued on a preferential basis. b) Approved draft valuation report received from Registered Valuer who has determined the price of the Company for the proposed issue and allotment of securities on preferential basis. c) Took note of report on valuation of Success Electronics Private Limited (“Success”) received from registered valuer. d) Approved Relevant Date, in terms of provisions of the SEBI (ICDR) Regulations, 2018 for the preferential issue as Wednesday, October 07, 2026. e) Approved constitution of Preferential Issue Committee (“PIC") for preferential issue pur, and authorised PIC to deal with the matters related to the said preferential issue. Page20f14 4) Approved convening and notice of the 1/2026-2027 Extraordinary General Meeting (“EGM”) of the Company and the cut-off date to record the entitlement of shareholders to cast the votes electronically. 5) Approved appointment of scrutinizer for conducting the e-voting process at and for the EGM in fair and transparent manner and appointment of remote e-voting Agency for the e-voting process of the EGM. 6) Approved execution of all the procedures to complete the above matters. Board meeting’s commencement time: 11:00 AM Board meeting’s concluded time: 02:00 PM Kindly take the same on your record and acknowledge receipt of the same. Thanking you, - Managing Director DIN: 06787617 Date: October 14, 2026 Place: Ahilyanagar Page3of14 Annexure A DETAILS AS REQUIRED UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ WITH SEBI MASTER CIRCULAR SEBI HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 DATED JANUARY 30, 2026, ARE AS BELOW: For acquisition of Success Electronics Private Limited Sr. Particulars Disclosure 1 Name of the target entity, details Name of the Target Company: Success Electronics in brief such as size, turnover, etc. Private Limited (“Success”) Brief Details of Target Company: Success Electronics Private Limited is an established manufacturer of aluminium high-pressure die-cast (HPDC) components, with existing manufacturing facilities comprising 218- tonne and 418-tonne HPDC machines. Importantly, Success Electronics Private Limited is currently engaged in manufacturing and supplying aluminium casting components required for electric vehicles, and other automotive components. It also possesses experience in supplying components to the broader automotive industry. Turnover of Success as on September 30, 2026 (Half Year): INR 4.48 Crores Net Profit of Success as on September 30, 2026 (Half Year): INR 88.61 lacs Total issued, paid-up and subscribed share capital of Success as on June 30, 2026, is INR 2,00,00,000 divided into 2,00,000 equity shares of INR 100 each. Whether the acquisition would Yes, the acquisition would fall within related party fall within related party transaction. Mr. Shreyans Ravindra Katariya, Directors transaction(s) and whether the and Promoter of the Company is Director and promoter/ promoter group/ shareholder in Success. Mr. Balasaheb Jalinder Kale, group companies have any Director is Director in Success as well. interest in the entity being acquired? If yes, nature of The above related party transaction is done at fair interest and details thereof and value based on the valuation report issued by CA whether the same is done at Shwe [Showing first 8,000 characters — download PDF for full document]