Intimation of Lapse and Forfeiture of 11,86,00,000 convertible warrants issued under the SEBI (ICDR) Reg, 2018

M ehal Mehai Technology Limited CIN: L62099WR2013PLC293942 Date: 27.10.2026 The Manager Department of Corporate Services Bombay Stock Exchange Limited 1st Floor, New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 540730 Security Id- MEHAI Ref: Disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Subject: Intimation of Lapse and Forfeiture of 11,86,00,000 convertible warrants issued under the SEBI (ICDR) Regulations, 2018. Dear Sir/ Madam, This is in furtherance of the earlier intimations given by the Company on July 30, 2024 (Preferential Issue — Outcome of Board Meeting), August 26, 2024 (Outcome of an EGM) and October 31, 2024 (Allotment), wherein we had informed you that the Company had approved issue and allotment of 13,80,00,000* convertible warrants to promoter category and 14,20,00,000* convertible warrants to non-promoter category, on preferential basis, for an issue price of I 3.50/- per share (including premium of X 2.50/- each) for an amount aggregating to % 98,00,00,000/- (X 98.00 Crores). In accordance with the terms of issue and Regulation 162 of the SEBI ICDR Regulations, 25% of the issue price was received upfront as the initial subscription amount at the time of allotment and the balance 75% was payable at the time of exercise of warrants within a period of 18 months from the date of allotment, i.e., on or before April 30, 2026. Since the Company has not received the balance 75% consideration from the warrant holders holding 11,86,00,000 warrants within the stipulated timeline, the above outstanding warrants have accordingly lapsed upon expiry oft he exercise period, i.e., on April 30, 2026. Consequently, with effect from May 01, 2026, the upfront subscription amount received at the time of allotment, being 25% of the issue price, amounting to X 10,37,75,000/- (X 10.38 Crores) stands forfeited, in line with Regulation 169(3) of Chapter V of the SEBI ICDR Regulations. This is further to inform you that, consequent to the lapse of the aforesaid warrants, the warrant holders shall cease to have any rights or entitlement to seek conversion into equity shares of the Company. There will be no change in the paid-up share capital of the Company, and the amount forfeited pursuant Regd. & Corporate Office: 144, Dakshindari Road, Sreebhumi, North 24 Pgs. Kolkata - 700048 WB IN ‘Web: www.mehaitech.co.in E-mail: cs@mehai.co.in Phone: 91-9836000343 M ehal Mehai Technology Limited CIN: L62099WR2013PLC293942 to such lapse shall be retained by the Company and accounted for in accordance with the applicable accounting standards. The details as required under Regulation 30 of the SEBI Listing Regulations read SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is provided as Annexure A. Issue Price of the warrant as per the valuation report is Rs. 35/- each (including premium of Rs. 25/- ). Further, as the company approved the split of shares from 1 equity share of Rs. 10/- each into 10 equity shares of Re. 1 each. Hence, we considered the price as Rs. 3.5/- taking note of above. We request you to kindly take the above information on your records. Thanking You Yours Faithfully For Mehai Technology Limited Dl spesty JUGAL JUGAL KISHORE KISHORE BHAGAT Date: 20261027 BHAGAT Ty Jugal Kishore Bhagat Managing Director DIN: 02218545 Encl: as above Regd. & Corporate Office: 144, Dakshindari Road, Sreebhumi, North 24 Pgs. Kolkata - 700048 WB IN ‘Web: www.mehaitech.co.in E-mail: cs@mehai.co.in Phone: 91-9836000343 M ehal Mehai Technology Limited CIN: L62099WR2013PLC293942 Annexure A Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular bearing reference no. no. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 are as under: SL No. | Particulars Details 1. Types of Securities Convertible Warrants issued on a preferential basis 2. Types of Issuance Preferential Allotment 3. Total number of warrants originally allotted 28,00,00,000 4. Issue price per warrant 33.50/- 5. Date of allotment 31-10-2026 6. Tenure 18 months (up to April 30, 2026) 7. Number of warrants exercised 16,14,00,000 8. Number of warrants lapsed 11,86,00,000 9. Names of warrant holders whose warrants have | Refer Table — I below lapsed 10. Amount received per warrant (upfront amount | Re. 0.875/- 25%) 11. Amount forfeited 10,37,75,000 12 Any change in capital structure Nil Table — T SL. No. of warrants Amount Forfeited No. Name of Warrant holders lapsed (being 25% upfl'on(fzonsidel'afion) Dynamic Services & 1 Security Limited 2,30,00,000 2,01,25,000 2 Kajal Ashok Jain 1,23,00,000 1,07,62,500 3 Kusum Dilipkumar Jain 1,20,30,000 1,05,26,250 4 Teena Kirti Jain 1,05,00,000 91,87,500 5 Viha Ashok Jain 1,05,00,000 91,87,500 6 Rajesh Tripathi 60,00,000 52,50,000 7 Abhinandan Ravindra Sakla | 50,10,000 43,83,750 8 Amit Ramanlal Lodha 50,10,000 43.83,750 9 Kirti Ravi Kothari 50,10,000 43.83,750 10 Khabiya Garima Suhas 30,30,000 26,51,250 11 Priya Khinwsara 30,30,000 26,51,250 12 Purva Suhas Khabiya 30,30,000 26,51,250 13 Kunkulol Rahul Raichand 30,30,000 26,51,250 14 Samar Shahaji Ransing 30,30,000 26,51,250 15 Kunkulol Siddharth R 30,30,000 26,51,250 16 Sheeba Swapna 9,50,000 8,31,250 17 Heeralal Sardarmal Parmar | 15,00,000 13,12,500 18 Kalidas Vijay Magar 15,00,000 13,12,500 19 Sonali Abhaykumar Parmar | 15,00,000 13,12,500 20 Abhaykumar Heeralal 15.00,000 13.12.500 Parmar 21 Rambha H Parmar 15,00,000 13,12,500 22 K Sundaramma 10,50,000 9,18,750 23 Ashwin Prakash 2,70,000 2,36,250 24 PavithraH E 3,00,000 2,62,500 Regd. & Corporate Office: 144, Dakshindari Road, Sreebhumi, North 24 Pgs. Kolkata - 700048 WB IN ‘Web: www.mehaitech.co.in E-mail: cs@mehai.co.in Phone: 91-9836000343 M ehal Mehai Technology Limited CIN: L62099WR2013PLC293942 25 Joy Banerjee 5,10,000 4,46,250 26 Kankariya Yogesh Vilas 2,40,000 2,10,000 27 Suraj Babulal Bothra HUF | 2,40,000 2,10,000 Total 11,86,00,000 10,37,75,000 Digitally signed by JUGAL KISHORE JucaL kisHoRe sHaGAT BHAGAT Date: 2026.10.27 18:52:01 +05'30' Regd. & Corporate Office: 144, Dakshindari Road, Sreebhumi, North 24 Pgs. Kolkata - 700048 WB IN ‘Web: www.mehaitech.co.in E-mail: cs@mehai.co.in Phone: 91-9836000343