Minutes of the 89th Annual General Meeting held on 25th September 2026

MINUTE BOOK T MINUTES OF THE 89TH ANNUAL GENERAL MEETING OF THE MEMBERS OF KHAITAN (INDIA) LIMITED HELD ON FRIDAY, 25™ SEPTEMBER 2026 THROUGH VIDEO CONFERENCING (“vC”) / OTHER AUDIO VISUAL MEANS (“OAVM”) AND DEEMED TO BE HELD AT REGISTERED OFFICE OF THE COMPANY AT 46C, J.L. NEHRU ROAD, KOLKATA 700 071 COMMENCEMENT TIME: 11:30 A.M. AND CONCLUSION TIME: 12:10 P.M. Directors and KMP Present through Video Conferencing: 1. Mr. Sunay Krishna Khaitan Whole Time Director and Chairman 2, Mr. Gopal Mor Independent Director & Chairman of Audit Committee, ~ Nomination and Remuneration Committee and Stakeholders Relationship Committee 3; Mrs. Pooja Kalanouria Independent Director 4. Mrs. Ayushi Khaitan Independent Director 5. Mr. Sumit Pasari Chief Financial Officer Auditors and Scrutinizer present through video conferencing 1. | Mr. Gouri Shanker Mishra Scrutinizer 2. | Mr. V.P. Rajeev Secretarial Auditor Statutory Auditor, Mr. Biswajit Datta, Partner at M/S. K.C. Bhattacherjee and Paul was not able to attend the meeting due to a personal emergency. His absence was approved by the Chairman. Shareholders present through Video Conference 3 l Members Attended through Video Conferencing 108 "'j Introduction: Meeting commenced at 11:30 A.M. and all directors and attendees had joined. The Chairman welcomed the Members for participating in the 89™ Annual General Meeting through Video-conferencing. . The Chairman confirmed that the quorum was present and called the meeting to order. He informed about the directors and auditors attending the meeting and introduced them. The Chairman informed that all documents referred to in the Notice calling the Meeting and the Explanatory Statement were available for inspection during the conduct of this Meeting. As directed by the Chairman, the Chief Financial Officer read out the qualifications and cbservations from the Independent Auditor’s Report and the Secretarial Auditor’s Report. The explanations of the Board were already provided in the Directors’ Report. The Chairman informed the Members that in accordance with the provisions of the Companies Act, 2013, read with rules there under and SEBI (LODR) Regulations, the Company had provided the remote e-voting facility through CDSL (Central Depository Services (India) Limited) to enable the Members of the company to cast/ exercise their vote(s) electronically on the agenda item specified in the notice of the AGM. The remote e-voting period had commenced on Tuesday, 22nd September 2026 at 9:00 A.M CHAIRMAN'S INITIALS (1ST) and ended on Thursday, 24th September 2026 at 5:00 P.M. (IST). Further, as per requirement, the Members were informed that the facility for e-voting during the meeting was also facilitated through CDSL and was available for the Members who had not cast their vote through remote e-voting earlier. Chairman further informed the meeting that the venue voting shall be available up to 30 minutes of the conclusion of meeting for such members. The Chairman informed the Members that Mr. Gouri Shankar Mishra, Partner, BGSMISHRA & Associates Company Secretaries LLP had been appointed as the Scrutinizer to scrutinize the remote e- voting and voting during AGM in a fair and transparent manner. He further informed that Scrutinizer shall provide the result of voting after consolidation of both e-voting and voting during AGM within two working days of conclusion of the meeting The Chairman informed the Members that Scrutinizer shall submit the report within two working days of conclusion of the meeting. The Chairman further informed that the results declared along with the report of the Scrutinizer would be placed on the website of the Company and would also be provided to CDSL and Stock Exchanges. The Chairman requested the members attending the AGM and who has not voted through remote e- voting to vote through e-voting within 30 minutes from close of the meeting and instructed venue e- voting to be kept open till 30 minutes from end of meeting to provide opportunity to shareholders attending the meeting to vote on the resolution. The Chairman delivered his speech covering the performance of the Company during FY 2025-26, future outlook, financial highlights, and management initiatives. He also touched upon key aspects including suspension of the Sugar Division, expansion in Electrical Goods, investor-friendly initiatives, and compliance status. The Chairman thereafter invited the registered speaker shareholders to present their queries and observations, which were suitably addressed by the management. Queries received in advance were also placed before the meeting and responded to. Further, the resolutions were taken as read and duly proposed and seconded in view of the e- voting. The following items of business, as stated in the AGM Notice dated 29™ August 2026, were transacted: Business of Meeting: Item No. 1 was ordinary business relating to adoption of the audited financial statements for the financial year ended 31* March 2026 together with the report of the Auditors and Directors thereon, requiring ordinary resolution. Item No. 2 was special business concerning re-appointment of Mr. Gopal Mor (DIN: 00555282) as an Independent Director for a second term, requiring special resolution. The Explanatory Statement annexed to the Notice set out the material facts relating to Item No. 2, and the annexure contained the particulars of Mr. Gopal Mor. His proposed second term was from 1st October 2026 to 30th September 2031, and he would not be liable to retire by rotation during the term. The notice contained explanatory Statement for special business in detail and also other information required under other provisions of Companies Act, 2013 and SEBI Regulation had been duly laid outin the AGM Notice. As stated, all agenda had been put to vote by way of e-voting and hence was deemed to have been proposed and seconded. CHAIRMAN’S INITIALS MINUTE BOOK #aps” Further, the Chairman informed the Members that, due to orderly conduct of business, we had requested the Members to raise the question in advance and 14 members had registered to speak at this AGM. We had shared the details with CDSL, the agency providing facility for video conferencing and they allowed the speakers one by one to speak based on our advice. Out of the speaker registered, 10 speaker shareholders spoke at the AGM The Chairman informed the Members that in accordance with the provisions of the Companies Act, 2013, read with rules there under and SEBI (LODR) Regulations, 2015, the Company had provided the remote e-voting facility through CDSL (Central Depository Services (India) Limited) to enable the Members of the company to cast/ exercise their vote(s) electronically on all the agenda items specified in the notice of the AGM. The remote e-voting period had commenced on Tuesday, 22nd September 2026 at 9:00 A.M. (IST) and ended on Thursday, 24th September 2026 at 5:00 P.M. (IST). Further, as per requirement, the Members were informed that the facility for e-voting was also facilitated through CDSL and was available for the Members who had not cast their vote through remote e-voting earlier. Chairman further informed that e-voting is open during the meeting and will be open and available up to 30 minutes of conclusion of meeting. The Chairman informed the Members that Mr. Gouri Shankar Mishra, Partner, BGSMISHRA & Associates, Company Secretaries LLP had been appointed as the scrutinizer to scrutinize the remote- voting and voting during AGM in a fair and transparent manner. He further informed that Scrutinizer shall provide the result of voting after consolidation of both remote e-voting and e-voting during AGM. The Chairman read out the resolutions on which the Members were required to vote. Resolutions passed at the meeting: Following agenda and resolutions as mentioned in the Notice of the AGM were deemed to be put to voting for approval of the members: To receive, consider and adopt the Audited Financial Stateme [Showing first 8,000 characters — download PDF for full document]