Outcome of Meeting of Board of Directors of Next Generation Manufacturers Private limited ("NGM") a Wholly Owned Step-Down Subsidiary of the Company pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

October 24, 2026 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Scrip Code: 533581 Scrip Symbol: PGEL Sub: Outcome of Meeting of Board of Directors of Next Generation Manufacturers Private Limited (“NGM”) a Wholly Owned Step-Down Subsidiary of the company pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, With reference to the captioned subject and in terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby would like to inform that, the Board of Directors of the NGM at their meeting held today i.e., Saturday, October 24, 2026, has inter-alia, noted/considered and approved the following: 1. Appointment of Mrs. Ruchika Bansal as Non-Executive Independent Director on the Board of Next Generation Manufacturers Private Limited (“NGM”) a Wholly Owned Step-Down Subsidiary of PG Electroplast Limited. 2. Resignation tendered by M/s. M.S. Barmecha & Co., Chartered Accountants (Firm Registration No. 101029W) as the existing Statutory Auditors of the Next Generation Manufacturers Private Limited (“NGM”), a Step-down Wholly Owned Subsidiary of PG Electroplast Limited. The Board placed on record its appreciation for the professional services rendered by the Statutory Auditors of NGM during their tenure with the Company. 3. The Board of Directors of the company in order to align and consolidate the statutory auditors of the subsidiary companies with the auditors of its parent company took note of the appointment of M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No: 101248W/W-100022) as the New Statutory Auditors of NGM for a term of five years, subject to approval of the Shareholders of the company. The disclosure pursuant to 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/3762/2026 dated January 30, 2026, is attached as “Annexure-A”. The above information is also available on the website of company at www.pgel.in. You are requested to kindly take the same on your record. Thanking You Yours Faithfully, For PG Electroplast Limited Deepesh Kedia Company Secretary Annexure -A DISCLOSURE AS PER SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 DATED JANUARY 30, 2026. Sr. No Particulars Mrs. Ruchika Bansal (DIN:06505221) 1. Reasons for change viz. Appointment appointment, reappointment, resignation, removal, death or otherwise 2. Date of appointment / Appointment of Mrs. Ruchika Bansal reappointment /cessation (as (DIN:06505221) as an Independent Director of applicable) & term of the Company for a term of five years with appointment effect from October 24, 2026. 3. Brief profile Mrs. Ruchika Bansal is a Management Consultant with over 23 years’ experience, specializing in wealth advisory, investment banking, private equity, corporate finance, business strategy and acumen in the areas of mergers & acquisitions and private equity syndication. She is a Commerce graduate from SRCC (Delhi University) and Postgraduate- Diploma in management from MDI, Gurgaon. 4. Disclosure of relationships Mrs. Ruchika Bansal is not related to any between directors (in case of Director on the Board of the Company. appointment of a director) 5. Information as required pursuant Mrs. Ruchika Bansal is not debarred from to BSE circular ref no. LIST/ holding the office of director pursuant to any COMP/ 14/ 2018-19 and the SEBI order or any other authority. National Stock Exchange of India Limited with ref no. NSE/CML/2018/24, dated June 20, 2018 DISCLOSURE AS PER SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 DATED JANUARY 30, 2026. Sr. Particulars Cessation of Existing Appointment of Statutory No. Statutory Auditor in the Auditor in the Company Company 1. Name of the Statutory M/s. M.S. Barmecha & Co., M/s. B S R & Co. LLP, Chartered Auditor Chartered Accountants Accountants (Firm Registration No: (Firm Registration No. 101248W/W-100022) 101029W) 2. Reason for change viz. Cessation due to Appointment of Statutory Auditor. appointment, re- Resignation appointment, resignation, cessation removal, death or otherwise. 3. Date of appointment/ October 24, 2026 October 24, 2026, as New Statutory re-ppointment/cessation Auditors of the Company for a term (as applicable) & term of of five years, subject to approval of appointment/re- the Shareholders. appointment 4. Brief Profile Not Applicable B S R & Co. LLP was constituted on 27 March 1990 as a partnership firm and was thereafter converted into limited liability partnership i.e. B S R & Co. LLP, on 14 October 2013. The registration no. of the firm is 101248W/W-100022. The registered office of the firm is at 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Centre, Western Express Highway, Goregaon (East), Mumbai-400063. B S R & Co. LLP is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India. The firm has over 4000 staff and 170+ Partners and has offices across 14 locations. The firm audits various companies listed on stock exchanges in India including companies in the industrial manufacturing sector. 5. Disclosure of relationship Not related Not related between directors