The Board has considered and Approved the raising of funds through the issuance and allotment on a prefrential basis of upto 2,45,00,000 fullly paid up equity shares having a face value of Re. 1/- each at an issue price of Rs. 2/- per equity share and upto 12,55,00,000 convertible warrants each carrying right to subscribe to one fully paid up equity share having face value of Re.1/- each at an issue price of Rs. 2/-per Warrant.

CHARMS INDUSTRIES LIMITED (CIN: L72900GJ1992PLC017494) Reg. Office: 108-B/109Sampada Building, Mithakhali Six Roads, Opp-Hare Krishna Complex, B/H Kiran Motors, Ahmedabad-380009 Gujarat Contact No. 09898031513 Website: www.charmsindustries.co.in E-mail: charmsltd@yahoo.com Date: 23-10-2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Scrip Code: 544253 Sub: Outcome of Board Meeting Ref.: Disclosure under Regulation 30 & 30A of SEBI (LODR), Regulations, 2015 Dear Sir/Madam, This is to inform you that pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and such other as applicable, the meeting of the Board of Directors of the Company held on today, 23rd October, 2026 at the Registered Office of the Company, commenced at 5:00 P.M. and concluded at 6:00 P.M. In that meeting following Business were transacted; 1. Considered and approved increase in Authorised Capital from Existing ₹4,50,00,000/- to ₹ 16,50,00,000/- and corresponding amendments to the Clause V of the Memorandum of Association of the Company subject to approval of Shareholders; The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated July 11, 2023 and updated on January 30, 2026 is enclosed as ‘Annexure-I’ 2. Execution of Share Purchase Agreement between (1) Mr. Mahendrabhai Gulabdas Patel, (2) Mr. Munjal Mahendrabhai Patel, (3) Mr. Sanjay Rameshchandra. Patel and (4) Mr. Rakesh Rameshchandra Patel (collectively referred to as the “Proposed Promoters” or “Acquirers”) and (1) Mr. Shivkumar R Chauhan , (2) Mrs. Nehalben S Chauhan (“Collectively Referred as Sellers”) for acquisition of 10,00,463 (Ten Lakh Four Hundred Sixty-Three) equity shares of the Company from the Sellers, representing 24.37% stake of the existing Share capital in the Company, in accordance with the terms and conditions of the SPA and subject to the receipt of such approvals as may be required under applicable laws. The details as required under Regulation 30 of the Listing Regulations read with SEBI master circular dated November 11, 2024, bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are set out in “Annexure-II” enclosed to this letter. CHARMS INDUSTRIES LIMITED (CIN: L72900GJ1992PLC017494) Reg. Office: 108-B/109Sampada Building, Mithakhali Six Roads, Opp-Hare Krishna Complex, B/H Kiran Motors, Ahmedabad-380009 Gujarat Contact No. 09898031513 Website: www.charmsindustries.co.in E-mail: charmsltd@yahoo.com Furthermore, the execution of the Share Purchase Agreement (“SPA”) and the proposed preferential issue of equity shares and convertible warrants, wherein the Acquirers are also included as proposed allottees, have triggered an obligation on the Acquirers to make an open offer in accordance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”). Further, subject to receipt of required approvals, upon consummation of the open offer and the transactions referred to in the SPA, in accordance with the terms and conditions of the SPA, all the Proposed Acquirers shall become the promoter of the Company and the Sellers, which are the existing promoters of the Company, shall cease to be promoters / member of promoter group of the Company and shall be re-classified as public shareholders in accordance with Regulation 31A of the Listing Regulations. 3. Considered and approved the raising of funds through the issuance and allotment, on a preferential basis, of up to 2,45,00,000 (Two Crore Forty-Five Lakh) fully paid-up equity shares of the Company, having a face value of ₹1/- (Rupee One Only) each, at an issue price of ₹2/- (Rupees Two Only) per equity share, aggregating up to ₹4,90,00,000/- (Rupees Four Crore Ninety Lakh Only), to the proposed allottees as mentioned in Annexure A, in accordance with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with Regulation 165 and 166A thereof, subject to receipt of the approval of the shareholders and such other approvals as may be necessary. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, as updated on January 30, 2026, are set out in Annexure III enclosed to this letter. 4. Considered and approved the issuance of up to 12,55,00,000 (Twelve Crore Fifty-Five Lakh) convertible warrants (“Warrants”), each carrying the right to subscribe to one fully paid-up equity share of the Company having a face value of ₹1/- (Rupee One Only), at an issue price of ₹2/- (Rupees Two Only) per Warrant (“Warrant Issue Price”), aggregating to an amount not exceeding Rs. 25,10,00,000/- (Rupees Twenty-Five Crore Ten Lakh Only), on a preferential basis to the proposed allottees as mentioned in Annexure B, in accordance with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with Regulation 165 and 166A thereof, subject to the approval of the shareholders and such other approvals as may be necessary. The requisite details the details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, as updated on January 30, 2026, are set out in Annexure IV enclosed to this letter”. CHARMS INDUSTRIES LIMITED (CIN: L72900GJ1992PLC017494) Reg. Office: 108-B/109Sampada Building, Mithakhali Six Roads, Opp-Hare Krishna Complex, B/H Kiran Motors, Ahmedabad-380009 Gujarat Contact No. 09898031513 Website: www.charmsindustries.co.in E-mail: charmsltd@yahoo.com 5. Decided to call Extra Ordinary General Meeting of the Company on Monday, November 23, 2026 at 12 P.M. at the registered office of the Company and approved the draft notice of Extra Ordinary General Meeting of the Company. 6. Considered and Appointed M/s Nisarg Sharma & Associates, Practicing Company Secretaries, (FCS No.: 14061 and CP. No. 17088) as a Scrutinizer to scrutinize the Remote E-Voting process in a fair and transparent manner for the purpose of EGM. Please take the same on your record. Yours Faithfully, For, CHARMS INDUSTRIES LIMITED SHIVKUMAR R. CHAUHAN MANAGING DIRECTOR DIN: 00841729 CHARMS INDUSTRIES LIMITED (CIN: L72900GJ1992PLC017494) Reg. Office: 108-B/109Sampada Building, Mithakhali Six Roads, Opp-Hare Krishna Complex, B/H Kiran Motors, Ahmedabad-380009 Gujarat Contact No. 09898031513 Website: www.charmsindustries.co.in E-mail: charmsltd@yahoo.com ANNEXURE I DISCLOSURE OF MATERIAL EVENT UNDER REGULATION 30(2) OF SEBI (LISTING OBLIGATION AND DISCLOUSRE REQUIREMENTS) REGULATION, 2015 Pursuant to provisions of Regulation 30(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, the Company hereby discloses the material event as provided in the Schedule III of Listing Regulations: Amendments to Memorandum of Association of the Company, in brief The Board of Directors of the Company at its Meeting held on 10th March, 2026 subject to approval of the shareholders to be obtained, has resolved to amend “clause V” (Capital Clause) of the Memorandum of Association of the Company. The Company proposes to increase its Authorised Share Capital to ₹16,50,00,000/- (Rupees Sixteen Crore Fifty Lakh Only), divided into 16,50,00,000 (Sixteen Crore Fifty Lakh) Equity Shares of ₹1/- (Rupee One Only) each, to facilitate future fund-raising through the issuance of equity shares. The proposed increase in the Authorised Share Capital necessitates a conseq [Showing first 8,000 characters — download PDF for full document]