General Updates

Date: 18th June, 2026 Place: Hyderabad BSE Limited National Stock Exchange of India Department of Corporate Services Listing Department, Listing Department, ‘Exchange Plaza’, C-1, Block-G, PJ Tower, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai 400001, India Mumbai 400051, India Scrip Code: 513228 Scrip Code: PENIND Dear Sir/Madam, Subject: Allotment of Convertible Equity Warrants on a preferential basis to Pennar Holdings Private Limited, a Promoter Entity and Disclosure regarding creation of pledge by Mr. Aditya Rao, Promoter of the Company - Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Company wishes to inform the Stock Exchanges that: 1. Allotment of Preferential Warrants to Promoter Entity Pursuant to the approval of the shareholders and receipt of requisite statutory and regulatory approvals, including in-principle approvals from the Stock Exchanges, the Allotment Committee of the Company has approved the allotment of 30,00,000 Convertible Equity Warrants on a preferential basis to Pennar Holdings Private Limited, a Promoter entity, at an issue price of Rs. 168/- per warrant aggregating to Rs. 50.40 crore (Rupees Fifty Crores Forty Lakhs Only), against receipt of 25% of the warrant issue price aggregating to Rs. 12.60 crore (Rupees Twelve Crore Sixty Lakhs Only), in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. We would further like to state that fully paid-up equity shares of face value of Rs. 5/- each of the Company against each Warrant shall be allotted on receipt of balance 75% of the issue price for each Warrant. Pursuant to above allotment of Warrants, presently there is no change in the paid-up share capital of the Company. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular dated July 13, 2023 are attached herewith as Annexure-A. 2. Creation of Pledge by Promoter The Company has been informed by Mr. Aditya Rao, Promoter of the Company, regarding the creation of a pledge over a portion of his shareholding in the Company. The details of the pledge received from the Promoter in accordance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are attached herewith as Annexure-B. Page 1 of 2 Disclosure for Information of Investors The Company is making the above disclosures simultaneously in the interest of transparency and to ensure that the market is informed of both developments at the same time. The allotment of 30,00,000 Convertible Equity Warrants to Pennar Holdings Private Limited, a Promoter Entity, has been undertaken pursuant to the approvals obtained from the shareholders and the Stock Exchanges under the applicable provisions of law. Separately, the creation of pledge by Mr. Aditya Rao is a transaction undertaken by the Promoter in respect of his shareholding in the Company and does not result in any change in the operations, management or control of the Company. Investors are requested to consider both disclosures together with the information contained in the respective annexures attached herewith. Thanking you Yours faithfully, for Pennar Industries Limited Mirza Mohammed Ali Baig Company Secretary & Compliance Officer ACS 29058 Enclosed as above Page 2 of 2 Annexure - A The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular dated September 9, 2015 and amended circulars thereon are as under: Sr. No. Particulars Description 1. Type of securities issued Convertible Equity Warrants of the Company (“Warrants”). 2. Type of issuance Preferential allotment, on a private placement basis. 3. Total number of securities issued or the Allotment of 30,00,000 (Thirty Lakhs Only) total amount for which the securities issued convertible equity warrants for an aggregate amount of (approximately) ₹ 50,40,00,000/- (Rupees Fifty Crores Forty Lakhs only) List of Allottee is mentioned in Table-A 4. Additional information in case of preferential issue: a) Name of the allottee Pennar Holdings Private Limited b) post allotment of securities - outcome of Allotment of 30,00,000 (Thirty Lakhs Only) the subscription, issue price / allotted price convertible equity warrants for an aggregate amount of (in case of convertibles), number of ₹ 50,40,00,000/- (Rupees Fifty Crores Forty Lakhs investors; only) Issue price / allotted price (in case of Issue Price - Rs. 168/- (Rupees One Hundred Sixty- convertibles); Eight only) per Warrant; Number of investors; 1 c) In case of convertibles - intimation on Each Convertible Equity Warrant will be convertible conversion of securities or on lapse of the into, or exchangeable for, 1 (one) fully paid-up equity tenure of the instrument share of the Company of face value of INR 5 (Indian Rupee Five), which may be exercised in one or more tranches during a period of 18 (Eighteen) months commencing from the date of allotment of Convertible Equity Warrants. 5. any cancellation or termination of Not Applicable proposal for issuance of securities including reasons thereof Table-A Application Number of Sl. money convertible Name of the Allottee Category No. Received warrants (Rs./-) allotted 1. Pennar Holdings Private Limited Promoter 12,60,00,000 30,00,000 Annexure-B Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company(TC) Pennar Industries Limited Names of the stock exchanges where the shares of the target company are listed BSE Limited and National Stock Exchange of India Limited Date of reporting 18th June, 2026 Name of the promoter or PAC on whose shares encumbrance has been Aditya Narsing Rao created/released/invoked Details of the release /creation of encumbrance: Pledge of 31,73,000 Equity Shares of Pennar Industries Limited with Bajaj Finance Limited Post event holding of Name of the Promoter holding encumbered shares promoter Promoter holding in the already encumbered Details of events pertaining to encumbrance (3) {creation [(2)+(3)] / (s) or PACs target company (1) (2) release [(2)-(3)] with him* / invocation [(1)-(3)]] Name of the % of Date of Type of entity in % of % of total Reasons for % of total Type of Creation of encumb whose favor total Number share Number encumbrance Number share Number share event encumbranc rance shares share capital ** capital capital e encumbered capital Aditya Bajaj 17th June, Personal Narsing 90,01,133 6.67% Nil - Creation Pledge 31,73,000 2.35% Finance 31,73,000 2.35% 2026 borrowing Rao Limited Date: 18th June, 2026 Place: Hyderabad Aditya Narsing Rao Promoter, Vice-Chairman and Managing Director (DIN No. 01307343) *The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not. ** For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc. ***This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender. Page 1 of 2 Annexure 1 Pennar Industries Limited Details of encumbrance of residual promoters and promoter group as on 19th June, 2026 % of % of shares Sr. No. of Shares shares on No. of shares encumbered Name No. held total paid encumbered on total paid up capital up capital 1. Joginpally Nrupender Rao HUF 6,60,114 0.49 0 0.00 2. Kondapalli Lavanya Kumar Rao HUF 82,200 0.06 0 0.00 3. Kondapalli Lakshman Rao HUF 95,200 0.07 0 0.00 4. J Rajyalakshmi 69,33,038 5.14 0 0.00 5. Joginpally Nrupender Rao 60,10,786 4.45 0 0.00 6. Lavanyakumar Rao Kondapalli 1,80,100 0.13 0 0.00 7. Avanti Rao 23,97,951 1. [Showing first 8,000 characters — download PDF for full document]