Notice is hereby given that the 1st (1/2026-27) Extra-Ordinary General Meeting of the members of Ajel Limited is scheduled to be held on Friday, the 06th November, 2026 at 10:00 A.M. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with MCA circulars and circulars issued by SEBI to appoint M/s Maddukuru & Associates, Chartered Accountants as Statutory Auditors of the Company to fill up the casual vacancy in the office ....

Date: 15th 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: Submission of the Notice of 1st (1/2026-27) Extra-ordinary General Meeting under regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Ref: Company Scrip Code: 530713 Company Name: Ajel Limited (ISIN: INE229B01015) Dear Sir/Madam, This is to inform you that in compliance with the relevant circular issued by MCA and SEBI, the 01st (1/2026-27) Extra-ordinary General Meeting ("EGM") of Ajel Limited is scheduled to be held on Friday, 06th November 2026 at 10:00 A.M. through Video Conferencing mode(”VC”) / Other Audio-Visual means (“OAVM”). The copy of Notice of the EGM together with the explanatory statement is enclosed herewith for your kind reference. The remote e-voting facility will be available during the following voting period: Commencement of remote e- voting Monday, 02nd November 2026 at 9:00 A.M. (IST) End of remote e-voting Thursday, 05th November 2026 at 5:00 P.M. (IST) Cut-off date Friday, 30th October 2026 31st October 2026 to Friday, 06th November 2026 Book Closure Date (Both days inclusive) The said notice is also available on the website of the company at http://www.ajel.in. Kindly, acknowledge it and take the same on your records. Thank you for your attention to this matter. Yours faithfully, For Ajel Limited Srinivasa Reddy Arikatla Managing Director DIN: 01673552 Encl: Notice of 01st (1/2026-27) Extra-ordinary General Meeting for F.Y. 2026-27 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 NOTICE OF 1st (1/2026-27) EXTRA-ORDINARY GENERAL MEETING (Pursuant to Section 101 of the Companies Act, 2013) (Read with Companies (Management and Administration) Rules, 2014) NOTICE is hereby given that the 1st (1/2026-27) Extra – Ordinary General Meeting (“EGM”) of the Members of M/s Ajel Limited will be held on Friday, 06th November 2026 at 10:00 A.M. to be held through Video Conferencing (“VC”) /Other Audio-Visual Means (“OAVM”) facility in accordance with the applicable provisions of the Companies Act, 2013 read with MCA General Circulars to transact the following business and the venue of the meeting shall be deemed to be 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, India. SPECIAL BUSINESS: ITEM NO. 1: To appoint M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) as Statutory Auditors of the company to fill up the casual vacancy in the office of statutory auditor. To consider, and if thought fit, to pass, with or without modification(s), the following resolution as a “Special Resolution”: “RESOLVED THAT pursuant to the provisions of Section 139 and other applicable provisions, of the Companies Act, 2013 (including any statutory modification or amendment thereto or re-enactment thereof for the time being in force) and Listing Regulations along with other applicable laws and provisions, the consent of members of the company be and are hereby accorded to appoint M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) as the Statutory Auditors of the Company to fill up the casual vacancy caused by the resignation by M/s G M K & CO. LLP, Chartered Accountants (FRN: S200357)”. “RESOLVED FURTHER THAT M/s Maddukuru & Associates, Chartered Accountants (FRN: 017530S) be and are hereby appointed as Statutory Auditors of the company to conduct the Statutory audit for the quarter and financial year ended 31st March 2027 and till ensuing AGM and shall hold the office as Statutory Auditors of the Company from the conclusion of this meeting till the conclusion of ensuing Annual General Meeting on such remuneration as may be determined by the Audit Committee, Nomination and Remuneration Committee and the Board of Directors of the Company in consultation with the Statutory Auditors”. “RESOLVED FURTHER THAT any Directors of the Company be and are hereby severally authorized to do all such acts, deeds, things and to take all such steps as may be required in this connection including seeking all necessary approvals to give effect to this resolution, for matters connected therewith, or incidental thereto and to settle any questions, difficulties or doubts that may arise in this regard”. ITEM NO. 2: To increase the Authorised Share Capital of the Company and amend the Capital clause in the Memorandum of Association. 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 To consider, and if thought fit, to pass, with or without modification(s), the following resolution as a “Special Resolution”: “RESOLVED THAT pursuant to provisions of Section 61 and 64 and any other applicable provisions, if any, of the Companies Act, 2013, including rules notified thereunder, as may be amended from time to time (including any statutory modification or re-enactment thereof for the time being in force); the consent of the members of the Company be and is hereby accorded, to increase Authorised Share Capital of the Company from Rs. 12,00,00,000 (Rupees Twelve Crore Only) divided into 1,20,00,000 (One Crore Twenty Lakhs) equity shares of Rs. 10/- each to Rs. 50,00,00,000 (Rupees Fifty Crore Only) divided into 5,00,00,000 (Five Crores) equity shares of Rs. 10/- each by creation of additional 3,80,00,000 (Three crore Eighty Lakhs) equity shares of Rs. 10/- each.” “RESOLVED FURTHET THAT pursuant to provisions of Section 13, 61 and 64 and any other applicable provisions, if any, of the Companies Act, 2013 (including any statutory modification or re-enactment thereof for the time being in force) and rules framed thereunder; the consent of the members of the Company be and is hereby accorded, for substituting Clause V of the Memorandum of Association of the Company with the following clause: V. The Authorised Share Capital of the Company is Rs. 50,00,00,000 (Rupees Fifty Crores Only) divided into 5,00,00,000 (Five Crores) equity shares of Rupees 10/- (Ten Only) each.” By Order of the Board For Ajel Limited Srinivasa Reddy Arikatla Managing Director DIN: 01673552 Date: 15.10.2026 Place: Mumbai 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 NOTES 1. The Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 (“the Act”) stating all material facts and reasons for the proposed resolution(s) set out above is annexed hereto and forms part of this 1st (1/ 2026-27) Extra-Ordinary General Meeting (“Notice”). 2. In view of the massive outbreak of the COVID-19 pandemic, social distancing is a norm to be followed and the Ministry of Corporate Affairs, Government of India (MCA) vide its General Circular No. 03/2025 dated September 22, 2025 read with Circular No.14/2020 dated April 08, 2020, Circular No.17/2020 dated April 13, 2020, Circular No.20/2020 dated May 5, 2020, Circular No.02/2021 dated January 13, 2021, Circular No.21/2021 [Showing first 8,000 characters — download PDF for full document]