General Updates

An ISO 9001, ISO 14001 & ISO 45001 Certified Company SARDA ENERGY & MINERALS LTD. 17th October 2026 BSE Ltd National Stock Exchange of India Ltd. The Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai – 400051 Dalal Street – Mumbai 400 001 Fax. No: 022-26598237/38, 022-26598347/48 Security Code No.: 504614 Symbol: SARDAEN Series: EQ Dear Sir, Subject: Updates – Sada Metals & Alloys Ltd. – Wholly Owned Subsidiary Please be informed that the Board of Directors of Sarda Metals & Alloys Ltd. – Wholly Owned Subsidiary of the Company, in its meeting held today – 17.10.2026, has approved the proposal for setting up/incorporation of a Wholly Owned Subsidiary ("WOS") in Dubai, United Arab Emirates (UAE). The entity to be incorporated shall be a stepdown wholly owned subsidiary of the Company. The relevant details are enclosed herewith as Annexure-A. You are requested to take the information on records. Thanking you, Yours faithfully, For Sarda Energy & Minerals Ltd. Company Secretary Encl: As above An ISO 9001, ISO 14001 & ISO 45001 Certified Company SARDA ENERGY & MINERALS LTD. Annexure A S.No. Particulars Details 1 Name of Entity Yet to be incorporated 2 Whether Related Party Transaction The incorporation of the new entity shall be as Wholly Owned Subsidiary of Sarda Metals & Alloys Ltd. Once incorporated, it will become a step-down Wholly Owned Subsidiary of the Company. The transaction does not fall within related party transactions at this stage, but once incorporated, transactions will be on an arm's length basis. 3 Industry Trading 4 Object and impact of incorporation Trading and distribution/selling of company’s products in the Middle East. 5 Details of government / regulatory Registration and incorporation approvals from Dubai approvals corporate regulatory authorities (e.g., DET / DED / Free Zone Authorities) and other applicable approvals in India / Dubai. 6 Time period for completion of 4-6 months from the date of Board approval. acquisition 7 Consideration Cash investment 8 Cost of acquisition Initial investment in the form of Equity Capital / Loan / Guarantee upto an aggregate amount not exceeding ₹ 3 crore. 9 % Control acquired 100% shareholding shall be with Sarda Metals & Alloys Ltd., making it a 100% step-down Wholly Owned Subsidiary of the Company. 10 Background of entity The new entity is yet to be incorporated. The new entity will expand company's business footprints in the Middle East region and leverage global market opportunities.