Public Announcement - Buyback of Shares

October 27, 2026 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Through: BSE Listing portal Through: NEAPS Scrip code: 500027 Symbol: ATUL Dear Sir: Sub: Copy of Board Resolution and Public Announcement pursuant to provisions of Regulation 5 and Regulation 16 of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Ref.: Buy-back of Equity Shares of Atul Limited (the “Company”) Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held on October 23, 2026 (“Board Meeting”), pursuant to the provisions of Article 61 of Articles of Association of the Company and Sections 68, 69 and 70 and all other applicable provisions of the Companies Act, 2013 (“Act”) and applicable rules made thereunder and in compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (“Buy-back Regulations”) the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) (including any statutory amendments, modifications or re-enactments from time to time) and subject to such other approvals, permissions and sanctions as may be necessary, approved the Buy-back of fully paid up Equity Shares by the Company having face value of ₹10 each (“Equity Shares”) from open market through stock exchanges {i.e. through National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”), together “Stock Exchanges”}” prescribed under the Buy-back Regulations and the Act, for an amount not exceeding ₹90,00,00,000 (Rupees ninety crore only) (“Maximum Buy-back Size”)excluding transaction costs viz. brokerage, advisor’s fees, intermediaries fees, public announcement publication fees, filing fees, turnover charges, applicable taxes such as securities transaction tax, goods and services tax, income tax, stamp duty and other incidental and related expenses, etc. (“Transaction Costs”) at a price not exceeding ₹7,500(Rupees seven thousand five hundred only) per Equity Share (“Maximum Buy-back Price”) payable in cash which represents 1.72% and 1.69% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited Standalone Financial Statements and audited Consolidated Financial Statements for the financial year ended on March 31, 2026, respectively and is within the statutory limit of 10% of the aggregate of the fully paid-up equity share capital and free reserves of the Company under the Board approval route under the Act and the Buy-back Regulations from the equity shareholders | beneficial owners of the Equity Shares of the Company other than the Promoters, members of Promoter Group and persons in control of the Company (“Buy-back”). Further in compliance with Regulation 16 read with Regulation 7 of the Buy-back Regulations, the Company has published the Public Announcement in the following newspapers on October 27, 2026: a) Financial Express - (English) National daily – All Editions b) Janasatta - (Hindi) National Daily – All Editions c) Financial Express - (Gujarati) Regional Language – Ahmedabad Edition The certified true copy of Board Resolution and newspaper clippings of Public Announcement published in newspapers are enclosed for your record. Please acknowledge the receipt and inform the members of the Exchange. Thank you, Yours faithfully, For Atul Limited Lalit Patni Company Secretary and Chief Compliance Officer Encl.: as above Atul Ltd Atul 396 020, Gujarat, India legal@atul.co.in I www.atul.co.in (+91 2632) 230000 TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS HELD ON OCTOBER 23, 2026 RESOLVED THAT pursuant to provisions of Article 61 of the Articles of Association of the Company and the provisions of Sections 68, 69, 70 and all other applicable provisions of the Companies Act, 2013 ("the Act"), and applicable rules made thereunder including the Companies (Share Capital and Debentures) Rules, 2014, and in compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, ("Buy-back Regulations"), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("SEBI LODR Regulations"), including any statutory modifications, amendments or re-enactments for the time being in force and subject to such other approvals, permissions, sanctions and exemptions, as may be necessary and subject to such conditions and modifications, if any, as may be prescribed or imposed by the appropriate authorities while granting such approvals, permissions, sanctions and exemptions, which may be agreed by the Board of Directors of the Company (herein referred to as the "Board" which term shall be deemed to include any committee which the Board may constitute to exercise its powers, including the powers conferred by this resolution), consent of the Board be and is hereby accorded for the Buy-back of fully paid up equity shares of the Company having face value of '10 each ("Equity Share(s}") from open market through stock exchanges (i.e. through National Stock Exchange of India Limited ("NSE"} and BSE Limited ("BSE"}, (together "Stock Exchanges") under the Buy-back Regulations and the Act and up to 1,20,000 Equity Shares (representing 0.41% of the total number of Equity Shares of the Company), at a price not exceeding '7,500 (Rupees seven thousand five hundred only) ("Maximum Buy-back Price") per Equity Share payable in cash for a total consideration not exceeding ' 90,00,00,000 (Rupees ninety crore only) ("Maximum Buy-back Size"} excluding transaction costs viz. brokerage, advisor's fees, intermediaries' fees, public announcement publication fees, filing fees, turnover charges, applicable taxes such as securities transaction tax, goods and services tax, income tax, stamp duty, other incidental and related expenses, etc. ("Transaction Costs") which represents 1. 72 % and 1.69% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited standalone financial statements and audited consolidated financial statements for the financial year ended March 31, 2026, respectively and is within the statutory limit of 10% of the aggregate of the fully paid-up equity share capital and free reserves of the Company under the Board approval route under the Act and the Buyback Regulations from the equity shareholders I beneficial owners of the Equity Shares of the Company other than the Promoters, members of Promoter Group and persons in control of the Company ("Buy-back"). Provided that the actual bought back Equity Shares can be more than 1,20,000 Equity Shares if actual price of bought back Equity Shares is less than the Maximum Buy-back Price and the number of Equity Shares bought back by the Company shall not exceed 25% of the total number of outstanding Equity Shares of the Company). RESOLVED FURTHER THAT in terms of Regulation 15 of the Buy-back Regulations, the minimum amount to be utilised for the Buy-back shall be '67,50,00,000 (Rupees sixty seven crore fifty lakh only), being 75% of the Maximum Buy-back Size ("Minimum Buy-back Size"} and '36,00,00,000 Registered office: Atul House, G I Patel Marg, Ahmedabad 380 014, Gujarat, India CIN:L99999GJ1975PLC002859 Lalbhai Group Atul Ltd Atul 396 020, Gujarat, Indio legal@atul.co.in I www.atul.co.in (+91 2632) 230000 (Rupees thirty six crore only), being 40% of the Maximum Bu [Showing first 8,000 characters — download PDF for full document]