Outcome of Board Meeting

Date: October 23, 2026 To, To, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Dalal Street, Bandra East, Mumbai – 400051 Mumbai – 400 001 Symbol: “DPABHUSHAN” BSE SCRIP Code – “544161” Dear Sir / Madam, Subject: Outcome of Board Meeting held on October 23, 2026 – Substitution of Proposed Allottees and Issuance of Corrigendum to the Notice of Extra-Ordinary General Meeting No. 01/2026-27 of D. P. Abhushan Limited In continuation of the outcome of the meeting of the Board of Directors submitted to the Stock Exchanges on October 05, 2026, wherein the Board had approved the proposed preferential issue of 8,66,434 Equity Shares and 30,35,711 Fully Convertible Equity Warrants (“Warrants”), and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors of D. P. Abhushan Limited (“Company”), at its meeting held on Friday, October 23, 2026, at the Corporate Office of the Company situated at 2nd Floor, 1, Dwarkapuri, Gopal Gaushala Colony, Ratlam, Madhya Pradesh – 457 001, India, inter alia, considered and approved the following matters, subject to receipt of requisite statutory and regulatory approvals, including the approval of the shareholders of the Company, wherever applicable: 1. Substitution / Replacement of following Proposed Allottees in the Preferential Issue of Equity Shares in Item No. 1 of the Notice of EoGM. The Board considered and approved the substitution/replacement of following proposed allottees in respect of the preferential issue of Equity Shares approved earlier by the Board. The details of the proposed allottees to be substituted/replaced are set out below; Maximum No. of Aggregate Name of Proposed Allottees to be Category of Equity Shares to Consideration substituted/replaced Allottees be allotted (in ₹) Vedcroft Ventures Private Limited Non-Promoter 6,995 1,00,02,850.00 Deepak Gadia Non-Promoter 4,200 60,06,000.00 The aforesaid proposed allottees shall stand substituted/replaced by the following new proposed allottees: Maximum No. of Aggregate Category of Name of New Proposed Allottees Equity Shares to Consideration Allottees be allotted (in ₹) Samiksha Mogra Non-Promoter 2,795 39,96,850.00 Devendra Sharma Non-Promoter 2,100 30,03,000.00 Jai Kishan Jasmatiya Non-Promoter 2,100 30,03,000.00 Pawan Kripashankar Gupta Non-Promoter 2,100 30,03,000.00 Gayatri Dharmendra Prajapat Non-Promoter 2,100 30,03,000.00 Accordingly, Point No. 4A, titled “Names and Number of the Investors – EQUITY”, of Annexure A to the outcome of the Board Meeting dated October 05, 2026, shall stand modified to reflect the aforesaid substitution/replacement of the proposed allottees and the corresponding details, including the number of investors, wherever applicable. All other terms and conditions of the proposed preferential issue, as approved earlier by the Board, shall remain unchanged, except to the extent specifically modified herein. 2. Corrigendum to the Notice of Extra-Ordinary General Meeting. The Board considered and approved the issuance of a corrigendum to the Notice of Extra-Ordinary General Meeting No. 01/2026-27 (“Notice of EoGM”) in respect of the aforesaid substitution/replacement of the proposed allottees in the preferential issue of Equity Shares. A copy of the Corrigendum to the Notice of EoGM is enclosed herewith as Annexure A. The Corrigendum shall be disseminated to the Stock Exchanges, circulated to all shareholders of the Company and published in the newspapers, in accordance with the applicable statutory and regulatory requirements. The meeting commenced at 04:30 p.m. and concluded at 05:05 p.m. on October 23, 2026. Kindly take the same on your record. Thanking You, For D. P. Abhushan Limited Santosh Kataria Chairman and Managing Director DIN: 02855068 Place: Ratlam ANNEXURE A CORRIGENDUM TO THE NOTICE OF EXTRA-ORDINARY GENERAL MEETING NO. 01/2026-27 OF THE MEMBERS OF D. P. ABHUSHAN LIMITED TO BE HELD ON THURSDAY, OCTOBER 29, 2026, AT 03:00 P.M. IST THROUGH VC/OAVM: This Corrigendum is being issued in continuation of the Notice of Extra-Ordinary General Meeting No. 01/2026-27 (“Notice of EoGM”) of the members of D. P. Abhushan Limited (“Company”) dated October 06, 2026, convening the EoGM on Thursday, October 29, 2026, at 03:00 P.M. IST through Video Conferencing/Other Audio-Visual Means (“VC/OAVM”). The Notice of EoGM was issued in accordance with the provisions of the Companies Act, 2013, and the rules made thereunder, the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, and other applicable laws and regulations The members are hereby informed that the Board of Directors of the Company, at its meeting held on Friday, October 23, 2026, approved certain changes in the list of proposed allottees in respect of the preferential issue of Equity Shares as mentioned in Item No. 1 of the Notice of EoGM, subject to the approval of the shareholders and such other statutory and regulatory approvals as may be required. Accordingly, the Notice of EoGM shall stand modified to the following extent: AMENDMENT TO THE LIST OF PROPOSED ALLOTTEES UNDER ITEM NO. 1 The names and particulars of the following proposed allottees appearing under Item No. 1 of the Notice of EoGM, relating to the preferential issue of Equity Shares, shall stand deleted and withdrawn: Maximum No. of Aggregate Category of Name of Proposed Allottees Equity Shares to Consideration (in Allottees be allotted ₹) Vedcroft Ventures Private Limited Non-Promoter 6,995 1,00,02,850.00 Deepak Gadia Non-Promoter 4,200 60,06,000.00 In place of the aforesaid proposed allottees, the following persons shall be included as the new proposed allottees under Item No. 1 of the Notice of EoGM, in place of Proposed Allottees whose names deleted and withdrawn: Maximum No. of Aggregate Category of Name of Proposed Allottees Equity Shares to Consideration (in Allottees be allotted ₹) Samiksha Mogra Non-Promoter 2,795 39,96,850.00 Devendra Sharma Non-Promoter 2,100 30,03,000.00 Jai Kishan Jasmatiya Non-Promoter 2,100 30,03,000.00 Pawan Kripashankar Gupta Non-Promoter 2,100 30,03,000.00 Gayatri Dharmendra Prajapat Non-Promoter 2,100 30,03,000.00 CONSEQUENTIAL AMENDMENTS Accordingly, wherever the names and particulars of the proposed allottees appear in the Notice of EoGM, the explanatory statement annexed thereto, and other related documents, the same shall be read as amended to give effect to the aforesaid substitution/replacement, to the extent applicable. Except for the amendments expressly set out in this Corrigendum and the consequential changes arising therefrom, all other terms and contents of the Notice of EoGM and the accompanying explanatory statement shall remain unchanged. FOR THE AVOIDANCE OF DOUBT, THERE SHALL BE NO CHANGE TO THE RESOLUTIONS OR EXPLANATORY STATEMENT RELATING TO ITEM NO. 2, EXCEPT FOR (I) THE CONSEQUENTIAL MODIFICATIONS TO THE SHAREHOLDING PATTERN ARISING FROM THE CHANGE IN THE CATEGORY OF THE PROPOSED ALLOTTEES PURSUANT TO THEIR SUBSTITUTION/REPLACEMENT; AND (II) THE CORRECTION TO THE POST-ISSUE SHAREHOLDING AND PERCENTAGE OF SMRUTI PRATIK KHARA TO REFLECT HER ACQUISITION OF 359 EQUITY SHARES ON OCTOBER 01, 2026. This Corrigendum shall be read together with the original Notice of EoGM and shall form an integral part thereof. The Corrigendum shall also be made available on the Company’s website at www.dpjewellers.com and disseminated to the websites of the National Stock Exchange of India Limited (www.nseindia.com) and BSE Limited (www.bseindia.com), in accordance with applicable laws and regulations. For the sake of clarity and ease of reference, the revised resolutions and the corresponding explanatory statement, wherever affected by the aforesaid amendments, are set out in Annexure I hereto and shall be read in conjunction with the orig [Showing first 8,000 characters — download PDF for full document]