Outcome of Board Meeting

SULA VINEYARDS 5th November, 2026 National Stock Exchange of India Limited BSE Limited ("BSE"), ("NSE"), Corporate Relationship Department, The Listing Department 2' Floor, New Trading Ring, "Exchange Plaza", 5th Floor P.J. Towers, Dalal Street, Plot No. C/1, G Block, Bandra-Kurla Complex Mumbai — 400 001. Bandra (East), Mumbai — 400 051 NSE Symbol: SULA BSE Scrip Code: 543711 ISIN: INE142Q01026 ISIN: INE142Q01026 Sub: Outcome of the Board Meeting — 5th November, 2026 Dear Sir/Madam, In continuation to our letter dated 27th October, 2026 and in terms of Regulation 30, 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Board of Directors of the Company at its meeting held today i.e. Thursday, 5th November, 2026, has inter-alia, considered and approved the following: 1. Unaudited standalone and consolidated financial results of the Company for the quarter and half year ended 30th September, 2026, along with limited review reports thereon issued by the Statutory Auditors of the Company. Enclosed herewith as Annexure I, a copy of the unaudited financial results along with the limited review report for the quarter and half year ended 30th September, 2026. 2. Diversification of the Company's business into the development, manufacture, marketing and sale of de-alcoholised wine derived from wine produced by the Company. The proposed diversification will leverage the Company's existing infrastructure, operational expertise, distribution network and brand presence, while expanding its product portfolio and exploring new business opportunities, which is subject to applicable laws and regulatory approvals, wherever required. 3. Capacity addition/expansion by construction of a Hotel at York Winery, at Gat No.15/2, Village Gangavarhe, Nashik (Rural), Nashik, Maharashtra - 422222, as held by Artisan Spirits Private Limited ("ASPL"), Wholly Owned Subsidiary of the Company. The said expansion shall be undertaken by ASPL which is subject to necessary approvals from concerned authorities. The disclosure pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI Listing Regulations read with SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30 January 2026 is enclosed herewith as Annexure II The meeting of the Board of Directors commenced at 3:10 p.m. and concluded at 3:55 p.m. Sula Vineyards Limited (Formerly known as Sula Vineyards Private Limited) Regd. Office: 201 A, Solaris One, N. S. Phadke Marg, Andheri (E), Mumbai — 400 069, Maharashtra, India Tel: +91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info@sulawines.com CIN: L15549MH2003PLC139352 Winery: Gat 36/2, Govardhan Village, Gangapur-Savargaon Road, Nashik 422222, Maharashtra, India Tel: +91 253 3027 7777/ 701 www.sulavineyards.com SULA VINEYARDS The aforesaid information is also being made available on the website of the Company at lit ips://su la v ineva rds.com/investor-relations.piii). Kindly take the above information on record. You are requested to take the above information on your record. Thanking you, For Sula Vineyards Limited Gayathri Iyer Company Secretary and Compliance Officer Membership No: A38069 Sula Vineyards Limited (Formerly known as Sula Vineyards Private Limited) Regd. Office: 201 A, Solaris One, N. S. Phadke Marg, Andheri (E), Mumbai — 400 069, Maharashtra, India Tel: +91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info@sulawines.com CIN: L15549MH2003PLC139352 Winery: Gat 36/2, Govardhan Village, Gangapur-Savargaon Road, Nashik 422222, Maharashtra, India Tel: +91 253 3027 7777/ 701 www.sulavineyards.com Walker Chandiok &Co LLP Annexure I Walker Chandiok & Co LLP 42nd Floor, Building Commerz III, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Sula Vineyards Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement’) of Sula Vineyards Limited ('the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 September 2026 and the consolidated year to date results for the period 1 April 2026 to 30 September 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). 2. This Statement, which is the responsibility of the Holding Company’s management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34’), prescribed under Section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number AAC- Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, Jaipur, 2085 and has its registered office at L-41, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Connaught Circus, Outer Circle, New Delhi, 110001, India Sula Vineyards Limited Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Khushroo B. Panthaky Partner Membership No. 42423 UDIN: 26042423XDRKKH4501 Place: Mumbai Date: 5 November 2026 Chartered [Showing first 8,000 characters — download PDF for full document]