Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the outcome of the Board Meeting as follows: 1. The meeting of the Board of Directors was held today, i.e., Wednesday, 14th October 2026. The meeting commenced at 4.00 p.m. and concluded at 5.00 p.m. 2. The Board has approved the proposal to subscribe to the Rights Issue of Jowela Exim Private Limited ('Jowela'), an unlisted ....

NIDHI GRANITES LIMITED CIN- L51900MH1981PLC025677 14th October 2026 The Manager, Department of Corporate Services, BSE Limited, P. J. Towers, Dalal Street, Mumbai – 400001. Scrip Code: 512103 Dear Sir, Sub: Outcome of the Board Meeting held on 14th October 2026 in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the outcome of the Board Meeting as follows: 1. The meeting of the Board of Directors was held today, i.e., Wednesday, 14th October 2026. The meeting commenced at 4.00 p.m. and concluded at 5.00 p.m. 2. The Board has approved the proposal to subscribe to the Rights Issue of Jowela Exim Private Limited (“Jowela”), an unlisted private company, pursuant to the recommendation of the Audit Committee, by subscribing to 16,00,000 equity shares of ₹10 each for an aggregate consideration of ₹1,60,00,000. Upon allotment of the aforesaid equity shares, the Company’s aggregate shareholding in Jowela will be 16,16,000 equity shares, representing 50.50% of Jowela’s post- issue paid-up equity share capital. Upon completion of the proposed subscription and allotment of the aforesaid equity shares, Jowela will become a subsidiary of Nidhi Granites Limited. The requisite disclosure as prescribed under the SEBI LODR Regulations is enclosed herewith as Annexure-I. We request you to take the above information on record and disseminate it under the “Corporate Announcement” section of the Exchange’s website. Thanking you, Yours faithfully, For NIDHI GRANITES LIMITED Krinisha Sanghvi Company Secretary ACS: A74032 REGD OFF: 2010, 20th Floor, 9 Business Bay, Off Link Road, Behind Evershine Mall, Malad West, Mumbai 400064.TEL (+91) (22)6124-4444. Email: nglindia2021@gmail.com Website: www.nidhigranites.com NIDHI GRANITES LIMITED CIN- L51900MH1981PLC025677 ANNEXURE - I Disclosure under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. No. Particulars Details 1. Name of the target entity, details in brief Jowela Exim Private Limited (“Jowela”), CIN: such as size, turnover etc. U36999MH2020PTC342886, is an unlisted private company incorporated on 29th July 2020 and having its registered office at B- 1203, Krishraj Tower, Opp. Phoenix Hospital, Padma Nagar, Chiku Wadi, Borivali West, Mumbai– 400092, Maharashtra. Turnover of the Company as on 31st March 2026: INR 7,43,53,81,801.86/- 2. Whether the acquisition would fall within The transaction does not fall within related related party transaction(s) and whether party transaction and the the promoter/promoter group/group promoter/promoter group/group companies companies have any interest in the entity of Nidhi Granites Limited do not have any being acquired interest in the buyer entity. 3. Industry to which the entity belongs The Company is the business of Precious Metal diamond studded Jewelry manufacturer, Importer, Exporter and dealing in Precious metals, bullions, Diamonds, Rough of Natural and Lab grown diamonds. 4. Objects and effects of acquisition The Company subscribed to the Rights Issue of Jowela Exim Private Limited with a view to increase its shareholding and acquire controlling interest therein. Pursuant to the allotment, the Company will hold 16,16,000 Equity Shares representing 50.50% of the post-issue paid-up equity share capital of Jowela. Consequently, Jowela Exim Private Limited will become a subsidiary of Nidhi Granites Limited. 5. Brief details of any governmental or No material governmental approvals are regulatory approvals required for the required for the transaction. transaction 6. Indicative time period for completion of the The transaction will be completed by October transaction end. 7. Nature of consideration Cash consideration of INR 1,60,00,000/- 8. Cost of acquisition or the price at which the The shares were acquired at face value of ₹10 shares were originally acquired per equity share at the time of incorporation/subscription. REGD OFF: 2010, 20th Floor, 9 Business Bay, Off Link Road, Behind Evershine Mall, Malad West, Mumbai 400064.TEL (+91) (22)6124-4444. Email: nglindia2021@gmail.com Website: www.nidhigranites.com NIDHI GRANITES LIMITED CIN- L51900MH1981PLC025677 9. Percentage of shareholding / control Pursuant to the proposed subscription and acquired allotment, the Company will have 50.50% of Shareholding. 10. Brief background about the entity acquired Jowela Exim Private Limited is an unlisted private company incorporated in India and having its registered office at B-1203, Krishraj Tower, Opp. Phoenix Hospital, Padma Nagar, Chiku Wadi, Borivali West, Mumbai – 400092, Maharashtra. The Company is the business of Precious Metal diamond studded Jewelry manufacturer, Importer, Exporter and dealing in Precious metals, bullions, Diamonds, Rough of Natural and Lab grown diamonds. REGD OFF: 2010, 20th Floor, 9 Business Bay, Off Link Road, Behind Evershine Mall, Malad West, Mumbai 400064.TEL (+91) (22)6124-4444. Email: nglindia2021@gmail.com Website: www.nidhigranites.com