Outcome of Board Meeting

Ref: SGL/Compliance/2026-27/107 November 06, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 532993 Symbol: SEJALLTD Dear Sir/Madam, Subject: PROPOSED EXECUTION OF BUSINESS TRANSFER AGREEMENT (BTA) WITH M/s. MAGNUMTUFF INDIA PRIVATE LIMITED Reference: REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. Pursuant to Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Sejal Glass Limited (“SGL”) in its Board Meeting held on Friday, November 06, 2026 has approved the proposed execution of Business Transfer Agreement (BTA) with M/s. Magnumtuff India Private Limited for acquiring their business undertaking, pertaining to manufacturing facilities and the sale and supply of Architectural Glass and Automotive Glass business from its factory situate at R.S. No. 390/1, Nainglaj Village, Chikodi Taluka, Belgaum District, Karnataka, including technical know-how, all intellectual property rights including brand name belonging to the entity and Good will in connection with the business, customer and vendor relationships, books and records and employees on a ‘slump sale’ basis as per the terms and conditions laid down in the BTA. Further the Board has also approved the execution of Sale Deed proposed to be executed between the parties for the immovable Properties comprising Land & Building of the factory premises at the above- mentioned location including other ancillary documentation /agreement’s proposed to be executed in this regard. The Board Meeting commenced at 11:00 A.M. and concluded at 01:45 P.M. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure - A. You are requested to take note of the same on your records. Thanking You. Yours faithfully, For Sejal Glass Limited. Ashwin S. Shetty Vice President Operations & Company Secretary - Compliance Officer Membership No.: A20942 Encl: As above. Annexure- A DETAILS AS REQUIRED UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ WITH SEBI CIRCULAR NO. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 DATED JANUARY 30, 2026, ARE ENCLOSED AS ANNEXURE - A. Sr. No. Particulars Details 1. Name of the target entity, Not Applicable as no entity is being acquired. details in brief such as size, turnover etc.; The said transaction comprises of acquisition of business undertaking comprising the Architectural Glass Business and Automotive Glass Business on a going-concern basis by way of Slump Sale. The undertaking includes the relevant assets, liabilities, business contracts, inventory, intellectual property, licences, movable assets and immovable property forming part of the identified business. The transaction also contemplates acquisition of the immovable property by execution of Sale Deed of the factory land & building situate at R.S. No. 390/1, Nainglaj Village, Chikkodi Taluka, Belgaum District, Karnataka, admeasuring 6 Acres 32 Guntas (approximately 25,576.13 sq. metres / 30,588.30 sq. yards). During the financial year 2025-26 the operating revenue of the aforesaid business stood at Rs. 36.20 Crores. 2. Whether the acquisition would No, this transaction would not fall within the related party fall within related party transaction and the Promoter and Promoter Group of Sejal transaction(s) and whether the Glass Limited do not have any interest in the said promoter/ promoter group/ transaction. group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3. Industry to which the entity No entity is being acquired. being acquired belongs; Magnumtuff India Private Limited is engaged in the business of manufacturing of Architectural and Automotive Glass Products. 4. Objects and impact of The object is to acquire the Identified Business Undertaking acquisition (including but as a going concern through a Slump Sale, comprising the not limited to, disclosure of Architectural Glass Business and Automotive Glass reasons for acquisition of Business. The transaction will enable Sejal Glass Limited to target entity, if its business is expand/strengthen its existing glass business by acquiring an outside the main line of business of the listed entity); established business undertaking, including its manufacturing/business assets, immovable property, inventory, contracts, licences, intellectual property and other identified business components. The acquired business is within the main line of business of Sejal Glass Limited, being glass manufacturing and related products; hence it is not a diversification into an unrelated business. The acquisition is expected to provide significant strategic and operational advantages to the Company by establishing an additional manufacturing facility in South India and thereby expanding the Company's manufacturing footprint to four manufacturing facilities in India. The geographical location of the acquired facility in Karnataka, situated in close proximity to the Maharashtra–Karnataka border, provides the Company with a strategically positioned manufacturing base to efficiently cater to markets across Karnataka, Maharashtra, Goa and other adjoining regions. The location is particularly advantageous for servicing customers in the Southern Maharashtra belt as well as the Northern Karnataka market, while Goa, located approximately 200 kilometres from the acquired facility, represents an additional important and readily accessible market. The facility is also expected to serve as an important regional manufacturing and distribution hub, complementing the Company's existing manufacturing facilities and strengthening its overall Pan-India manufacturing and distribution network. The acquisition is also expected to create meaningful operational and business synergies across the Company’s manufacturing network. The combined manufacturing footprint will enable the Company to optimise production allocation amongst its various facilities based on product requirements, customer location, capacity availability and logistical considerations. The Company expects to leverage its existing manufacturing, technical, quality, procurement, sales, finance, human resources and management capabilities across the expanded network, thereby facilitating greater utilisation of resources and improved operational efficiencies. 5. Brief details of any No governmental or regulatory approvals are required to be governmental or regulatory obtained for the said transaction. approvals required for the acquisition; 6. Indicative time period for On or before November 30, 2026. completion of the acquisition; 7. Consideration - whether Cash Consideration cash consideration and/or share swap and details of the same; 8. Cost of acquisition or the The aggregate lump-sum purchase consideration of Rs. price at which the shares are 40,80,00,000/- (Rupees Forty Crores & Eighty Lakhs Only). acquired. 9. Percentage of shareholding / Not Applicable. control acquired and / or number of shares acquired. The transaction does not involve acquisition of equity shares or voting rights in Magnumtuff India Private Limited. Sejal Glass Limited is acquiring the Identified Business Undertaking, comprising the Architectural Glass Business and Automotive Glass Business, on a going-concern basis by way of Slump Sale. Accordingly, no percentage shareholding/control or number of shares is being acquired. 10. Brief background about the Not applicable as no entity is being acquired. entity acquired in terms of products / line of business acquired, date of i [Showing first 8,000 characters — download PDF for full document]