Board Meeting held for deciding terms of the Rights Issue

October 30, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001 Dear Sir/Madam, Scrip Code: 500236 Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulation, 2015 Pursuant to second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in its meeting held today i.e. Friday, October 30, 2026 at the Registered Office of the Company, has inter-alia, considered and approved the following terms of the Rights Issue: Sr. Particulars Details 1 Type of securities Fully paid-up Equity Shares of the face value of Rs. 10/- each (“Rights proposed to be Equity Shares”) issued 2 Type of Issuance Rights Issue of Fully paid-up Equity Shares 3 Total number of 42,52,500 Equity Shares of face value of Rs. 10/- each at a price of Rs. securities proposed 39.95 per share (including a premium of Rs.29.95/- per share) for an to be issued amount aggregating of Rs.16,98,87,375/-. 4 Issue Price Rs. 39.95 (including a premium of Rs.29.95) per Equity Share 5 Record Date Friday, November 13, 2026 for the purpose of determining the shareholders entitled for Rights Issue (“Eligible Equity Shareholders”) 6 Right Issue Period Right Issue Opening Date Monday, November 23, 2026 *Last Date for on Market Renunciation of Rights Thursday, November 26, 2026 Entitlement **Right Issue Closing Date Monday, November 30, 2026 7 Right entitlement 54 (Fifty-Four) Rights Equity share for every 10 (Ten) fully paid-up Equity Ratio share held by the Eligible Equity Shareholders of the Company as on the record date with the right to renounce. 8 Outstanding Equity 1,57,50,000 Equity shares of Rs. 10.00/- each Shares prior to the Rights Issue 9 Outstanding Equity 2,00,00,000 Equity shares of Rs. 10.00/- each Shares post Right Issue (assuming full subscription) 10 Terms of Payment Amount Face Value Premium Total Payable Per Rights Equity Share On Rs.10.00/- Rs. 29.95/- Rs.39.95/- Application One or more subsequent Call(s)as determined by our Board at its sole discretion, from time to time Total Rs.10.00/- Rs. 29.95/- Rs.39.95/- 11 Other Terms of the To be included in the Letter of Offer to be filed by the Company. Issue The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue, renouncement and fractional entitlements will be specified in the Letter of Offer which will be filed by the Company with BSE Limited (“BSE”), and with Securities and Exchange Board of India (“SEBI”) for record purpose only. The meeting of the Board of Directors commenced at 03:00 P.M. and concluded at 04:00 P.M. Please take note of the same and oblige. Thanking You. Yours Faithfully For, Kanel Industries Limited Keyoor Bakshi Director DIN: 00133588