Board Meeting Outcome for Regarding Inter Alia Sale of Assets of Spinning Unit And Shifting of Registered Office outside the local limits of town but within jurisdiction of same ROC.

21st October 2026 The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Scrip Code: 532140 Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Pursuant to Regulation 30 read with Part A of Schedule III and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of MOHITE INDUSTRIES LIMITED (“the Company”), at its meeting held on 21st October 2026, has considered and approved the following matters:: 1. Approval for proposed Sale of the Assets of Spinning Unit The Board of Directors of the Company at their meeting held today, i.e., Wednesday the 21st October 2026, inter-alia, considered and approved to sell or otherwise dispose of Spinning Unit and the land situated at Gat No 347/1, 347/2 347/3 355 and 357 together with all buildings and structures thereof and Plant & Machinery, in one or more tranches, to the potential buyers, subject to the approval of the shareholders by means of Special Resolution under Section 180(1 )(a) of the Companies Act, 2013 read with Regulation 37A of the Listing Regulations and such other requisite consent and approvals as may be required in this regard. 2. Shifting of Registered Office outside the Local Limits but within the Jurisdiction of the Same ROC The Board has considered and approved the proposal to shift the registered office of the Company from R.S. No. 347, Ambapwadi Phata N. H. 4 Vadgaon. Dist - Kolhapur, Maharashtra, India, 416112 to 'PARVATI-KUNJ' Plot No. 1, C.S. No. 250/B/1a/4 Nagala Park, Kolhapur, Maharashtra, India, 416003, which is outside the local limits of the existing city, town or village but within the jurisdiction of the same Registrar of Companies, subject to the approval of the members of the Company by way of a special resolution and completion of all applicable statutory formalities under Section 12(5) of the Companies Act, 2013, and the rules made thereunder. 3. Appointment of Scrutiniser The Board has approved the appointment of Mr. Sachin Bidkar (Membership No.: 14002, CP No.: 14666), Practicing Company Secretary, as the Scrutiniser to scrutinise the Postal Ballot and remote e-voting process in a fair and transparent manner and to submit the Scrutiniser’s Report in accordance with applicable laws. 4. Appointment of e-voting Service Provider The Board has approved the appointment of Central Depository Services India Limited (CDSL) as the service provider for facilitating the remote e-voting process for the Postal Ballot, subject to completion of the applicable formalities and arrangements. 5. Fixation of Cut-off Date The Board has fixed 23rd October, 2026 as the cut-off date for determining the eligibility of members entitled to participate in the remote e-voting process for the aforesaid Postal Ballot, in accordance with applicable laws and the applicable e-voting arrangements. 6. Approval of Postal Ballot Notice The Board has approved the draft Postal Ballot Notice, together with the explanatory statement pursuant to Section 102 of the Companies Act, 2013, for seeking the approval of the shareholders of the Company by way of a special resolution for the proposed Sale of the Assets of Spinning Unit and Shifting of registered office. The Postal Ballot shall be conducted through remote e-voting in accordance with Sections 108 and 110 of the Companies Act, 2013, the rules made thereunder, Regulation 44 of the SEBI Listing Regulations and other applicable provisions. The disclosure pursuant to the provisions of Regulation 30 and Part A of Schedule III of the Listing Regulations read with the SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated 30th January, 2026, is enclosed herewith as Annexure – A. The meeting of the Board of Directors commenced at 4.00 p.m. and concluded at 5.20 p.m. Kindly take the above on your record. Thanking you, Yours faithfully, For Mohite Industries Limited SHIVAJI MOHITE MANAGING DIRECTOR DIN: 00425441 Encl.: As stated above Annexure A DISCLOSURE PURSUANT TO THE PROVISIONS OF REGULATION 30 AND PART A OF SCHEDULE III OF THE LISTING REGULATIONS READ WITH THE SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 DATED 30TH JANUARY, 2026 (Sale or disposal of the Assets of Spinning Unit) Sr. Particulars Information of such events a) The amount and percentage of the Income and Net worth of the Spinning Unit, turnover or revenue or income and net as per the Audited financial statements as worth contributed by such unit or of March 31,2026: division or undertaking or subsidiary or associate company of the listed entity Particulars Amount Percentage during the last financial year; (Rs.in Lakh) Revenue 8,453.63 85.10 % Net Worth -3559.45 NA b) Date on which the agreement for sale No agreement has been entered into/ shall has been entered into; be entered with anyone until the approval of shareholders is obtained. c) The expected date of completion of The expected date of completion shall be sale/disposal; subject to requisite consents, approvals required in this regard. d) Consideration received from such The Company is yet to identify the buyer(s) sale/disposal /party(s) and is yet to enter into necessary agreement or deed for the proposed sale/disposal. The consideration will not be less than the prevailing market price and will be in the best interest of the Company. e) Brief details of buyers and whether any The Company intends to enter into of the buyers belong to the agreement for sell or dispose of the land promoter/promoter group/group with all Buildings and structures of companies. If yes, details thereof; Spinning Unit thereof to any potential unrelated buyer(s)/ party(s) in one or more tranches and the Company is yet to identify the buyer(s) / party(s). However, the buyer(s) /party(s) does not belong to the promoter/ promoter group/ group companies. f) Whether the transaction would fall No within related party transactions? If yes, whether the same is done at "arm's length"; g) Whether the sale, lease or disposal Yes, the proposed Sale Transaction is of the undertaking is outside being undertaken outside a scheme of Scheme of Arrangement? If yes, arrangement. The proposed Sale details of the same including Transactions fall within the scope of Section compliance with regulation 37A of 180(1)(a) of the Companies Act, 2013 and LODR Regulations Regulation 37A of the SEBI LODR Regulations. Approval of the shareholders by way of special resolution under Section 180(1)(a) of the Companies Act, 20L3 and Regulation 37A of the Listing Regulations shall be sought through the Postal Ballot process. The resolution and the required information will be provided to the shareholders in the explanatory statement to the notice pursuant to the provisions of Section 102 of the Companies Act, 2013 and Regulation 37A of Listing Regulations. h) Additionally, in case of a slump sale, Not Applicable. indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale i) In case of cash consideration - Not Applicable. amount or otherwise share exchange ratio; j) Brief details of change in Not Applicable shareholding pattern (if any) of listed entity.