This is in continuation to our Board meeting outcome dated August 21, 2026, wherein the Company had made disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 informing the execution of Share Swap Agreement (SSA) and other necessary documents between the Company, SVR Electro Projects Private Limited (Selling Company) and the shareholders of Selling Company, wherein the Company had agreed to acquire ....

October 23, 2026 The Manager, Listing Department, BSE Limited, P. J Towers, Dalal Street, Mumbai — 400001 Name of Scrip: Aar Shyam India Investment Company Limited Scrip Code: 542377 Dear Sir(s), Subject: Outcome of the Board Meeting of Avudari Engineering Limited (Formerly known as Aar Shyam India Investment Company Limited) (“the Company”) for Allotment of 1,45,41,000 (One Crore Forty-Five Lakhs Forty-One Thousand) Equity Shares (“Shares”) on preferential basis pursuant to share swap basis for acquisition of SVR Electro Projects Private Limited (“SVR”) and 48,66,666 (Forty-Eight Lakh Sixty-Six Thousand Six Hundred and Sixty-Six) Fully Paid Up Equity Shares on Preferential Basis for Cash. Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI LODR Regulations”) – Allotment of Equity- Shares on Preferential Basis This is in continuation to our Board meeting outcome dated August 21, 2026, wherein the Company had made disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 informing the execution of Share Swap Agreement (SSA) and other necessary documents between the Company, SVR Electro Projects Private Limited (Selling Company) and the shareholders of Selling Company, wherein the Company had agreed to acquire 100% of the share capital of the Selling Company by consideration other than cash (i.e., swap of shares) and Pursuant to the SSA, in relation to the swap the Board of Director has made the allotment of 1,45,41,000 (One Crore Forty- Five Lakhs Forty-One Thousand) Equity Shares of Rupees 10/ (Rupees Ten only) at an issue price of Rs. 15/- (Rupees Fifteen Only) per share on preferential basis for consideration other than cash (i.e., swap of shares) to the shareholders of SVR Electro Projects Private Limited (“SVR”) and 49,33,333 (Forty-Nine Lakh Thirty-Three Thousand Three Hundred and Thirty-Three) at an issue price of Rs. 15/- (Rupees Fifteen Only) per share on preferential basis for cash, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the provisions of the Companies Act, 2013 and rules made there under. The Board, in its meeting held today, i.e., October 23, 2026, considered and approved the allotment of the following Equity Shares on a preferential basis: 1. Allotment for consideration other than cash: 1,45,41,000 (One Crore Forty-Five Lakh Forty- One Thousand) Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each, at an issue price of Rs. 15/- (Rupees Fifteen Only) per Equity Share, to the shareholders of SVR Electro AVUDARI ENGINEERING LIMITED (FORMERLY KNOWN AS AAR SHYAM INDIA INVESTMENT COMPANY LIMITED) Regd. Office: no 920, 9th Floor Kirti Shikar Building Dist. Centre Janakpuri, New Delhi – 110058 Corp. Office: Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi – 110078. CIN: L42909DL1983PLC015266, Email Id: info@aarshyam.in Website: www.aarshyam.in Ph. No: 91 11 45626909 Projects Private Limited (“SVR”), against consideration other than cash, i.e., by way of a share swap. 2. Allotment for cash consideration: 48,66,666 (Forty-Eight Lakh Sixty-Six Thousand Six Hundred and Sixty-Six) Equity Shares at an issue price of Rs. 15/- (Rupees Fifteen Only) per Equity Share, on a preferential basis, for cash consideration. The Board took note that one of the proposed allottees has partially subscribed to the shares offered to him, resulting in a difference of 66,667 (Sixty-Six Thousand Six Hundred Sixty- Seven) Equity Shares between the proposed number of Equity Shares to be issued and the actual number of Equity Shares allotted. Further, the details as required under SEBI LODR Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure A & Annexure B. The Meeting Commenced at 05:30 P.M and Concluded at 06:15 P.M We request you to take the above information on record. Thanking You. Yours Faithfully For AVUDARI ENGINEERING LIMITED (Formerly known as Aar Shyam India Investment Company Limited) (PERLA PAVANI) Managing Director DIN: 11013729 AVUDARI ENGINEERING LIMITED (FORMERLY KNOWN AS AAR SHYAM INDIA INVESTMENT COMPANY LIMITED) Regd. Office: no 920, 9th Floor Kirti Shikar Building Dist. Centre Janakpuri, New Delhi – 110058 Corp. Office: Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi – 110078. CIN: L42909DL1983PLC015266, Email Id: info@aarshyam.in Website: www.aarshyam.in Ph. No: 91 11 45626909 Annexure –A Details of Preferential Allotment in terms Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. 1. Type of securities proposed to be issued (viz Equity shares, convertibles etc): Fully Paid up Equity shares of the face value of Rs. 10/- (Rupees Ten only) each at an issue price of Rs. 15/- (Rupees Fifteen Only) per Equity Share. 2. Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.): Preferential Allotment on a Private Placement Basis, comprising: (i) 1,45,41,000 (One Crore Forty-Five Lakhs Forty-One Thousand) Equity Shares for consideration other than cash; and (ii) 48,66,666 (Forty-Eight Lakh Sixty-Six Thousand Six Hundred and Sixty-Six) Equity Shares for cash consideration. 3. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): Total number of shares to be allotted are 1,94,07,666 (One Crore Ninety-Four Lakhs Seven Thousand Six Hundred and Sixty-Six) fully paid up Equity Shares having face value of Rs. 10 each at issue price of Rs. 15/- (Rupees Fifteen Only) per Equity Share aggregating to Rs. 29,11,14,990 (Rupees Twenty- Nine Crores Eleven Lakhs Fourteen Thousand Nine Hundred and Ninety) comprising of: a) 1,45,41,000 (One Crore Forty-Five Lakhs Forty-One Thousand) fully paid up Equity Shares having face value of Rs. 10 each at issue price of Rs. 15/- (Rupees Fifteen Only) per Equity Share aggregating to Rs. 21,81,15,000 (Rupees Twenty-One Crore Eighty-One Lakh Fifteen Thousand Only) on preferential basis for Consideration other than cash; and b) 48,66,666 (Forty-Eight Lakh Sixty-Six Thousand Six Hundred and Sixty-Six) fully paid up Equity Shares having face value of Rs. 10 each at issue price of Rs. 15/- (Rupees Fifteen Only) per Equity Share aggregating to Rs. 7,29,99,990 (Rupees Seven Crore Twenty-Nine Lakh Ninety-Nine Thousand Nine Hundred and Ninety Only) on preferential basis for cash 4. In case of preferential issue, the listed entity shall disclose the following additional details to Stock Exchange(s): i) Names of the allottees: S. Names of the Category No of Equity Shares Mode of No. Propose Allottees/ proposed to be issued Payemnt Investors 1 Radha Krishna Non – Promoter* 1,03,24,110 Consideration Avudari other than Cash AVUDARI ENGINEERING LIMITED (FORMERLY KNOWN AS AAR SHYAM INDIA INVESTMENT COMPANY LIMITED) Regd. Office: no 920, 9th Floor Kirti Shikar Building Dist. Centre Janakpuri, New Delhi – 110058 Corp. Office: Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi – 110078. CIN: L42909DL1983PLC015266, Email Id: info@aarshyam.in Website: www.aarshyam.in Ph. No: 91 11 45626909 2 Sudha Rani Avudari Non – Promoter* 30,05,140 Consideration other than Cash 3 Srikanth Nagabhyru Non – Promoter* 7,27,050 Consideration other than Cash 4 Subba Rao Bolla Non – Promoter 4,84,700 Consideration other than Cash Sub Total (A) 1,45,41,000 5 Jhansi Sanivarapu Non – Promoter 12,00,000 Cash 6 Naveen Babu Non – Promoter Cash 7,20,000 Kommineni 7 Bhanupriya Manam Non – Promoter 5,33,333 Cash 8 Tanikonda Giribabu Non – Promoter 4,2 [Showing first 8,000 characters — download PDF for full document]