Outcome of Board Meeting

AASTHA SPINTEX LIMITED Formerly known as Aastha Spintex Private Limited CIN: L17120GJ2013PLC076361 Registered Office: SURVEY NO 1441 1442 1448/1 1449 1450/2 P2 & 1443/P2, HALVAD MALIYA HIGH WAY, SURENDRA NAGAR, HALVAD, GUJARAT-363330, INDIA https://www.aasthaspintex.com Email ID: aastha.spintex@gmail.com Mobile: +91 9825192333 Date: November 7th, 2026 To, To, The Manager – Listing Department The Manager – Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, BKC, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 544808 Symbol: AASTHA Subject: Outcome of Board of Directors Meeting Dear Sir/Madam, With reference to the subject cited, this is to inform that the Board of Director of the Company at their meeting held today i.e. Saturday, 07th November, 2026, inter alia considered and approved the following: 1. Approved Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Second Quarter & Half-year ended on September 30, 2026 and; 2. To take note of Limited Review Report thereon issued by Statutory Auditors of the Company, M/s. S N D K & Associates LLP, Chartered Accountants (FRN: W100060). 3. To take note of Acquisition of Falcon Yarns Private Limited. 4. To take note of Statement of Deviation and Variation. 5. To take note of Sad Demise of Mr. Jashwant Valjibhai Patel. 6. To take note of Statement on Impact of Audit Qualification. A copy of the approved Unaudited Financial Results along with Limited Review Report and other disclosures is enclosed herewith. The meeting of Board of Directors was commenced at 04:15 p.m. (IST) and concluded at 04:30 p.m. (IST). We request you to kindly take the above on record. Thanking you, Yours faithfully, For Aastha Spintex Limited Vivek Rasiklal Gothi Whole Time Director DIN: 03149400 Date: November 7th, 2026 Place: Halvad AASTHA SPINTEX LIMITED Formerly known as Aastha Spintex Private Limited CIN: L17120GJ2013PLC076361 Registered Office: SURVEY NO 1441 1442 1448/1 1449 1450/2 P2 & 1443/P2, HALVAD MALIYA HIGH WAY, SURENDRA NAGAR, HALVAD, GUJARAT-363330, INDIA https://www.aasthaspintex.com Email ID: aastha.spintex@gmail.com Mobile: +91 9825192333 Date: November 7th, 2026 To, To, The Manager – Listing Department The Manager – Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, BKC, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 544808 Symbol: AASTHA Subject: Intimation regarding completion of acquisition of Falcon Yarns Private Limited and appointment of Independent Director on its Board Dear Sir/Madam, As mentioned in our Prospectus dated July 01, 2026, our Company entered into a Share Purchase Agreement dated September 22, 2025 (the “Falcon SPA”) with Falcon Yarns Private Limited (“Falcon/FYPL”) and the shareholders of Falcon (collectively, the “Sellers”). Under the Falcon SPA, our Company agreed to acquire 100% of the equity share capital of Falcon. The acquisition of Falcon involves the transfer of the entire equity shareholding and controlling interest of Falcon to our Company. We hereby inform you that our Company has fully acquired 100% of the equity share capital of Falcon, and Falcon has become a wholly owned subsidiary of our Company. Further, at the meeting of the Board of Directors of Aastha Spintex Limited held today, i.e., November 7th, 2026, the Board recommended appointment of Mr. Shyamsunder Kiranbhai Panchal as an Independent Director on the Board of Falcon Yarns Private Limited. In this regard, the details as required under Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is annexed as “Annexure – I” We request you to kindly take the above on record. Yours faithfully, For Aastha Spintex Limited Divyang Jashvantbhai Patel Chairman and Director AASTHA SPINTEX LIMITED Formerly known as Aastha Spintex Private Limited CIN: L17120GJ2013PLC076361 Registered Office: SURVEY NO 1441 1442 1448/1 1449 1450/2 P2 & 1443/P2, HALVAD MALIYA HIGH WAY, SURENDRA NAGAR, HALVAD, GUJARAT-363330, INDIA https://www.aasthaspintex.com Email ID: aastha.spintex@gmail.com Mobile: +91 9825192333 Annexure I DETAILS REQUIRED UNDER REGULATION 30 READ WITH SCHEDULE III, PART A OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 AND SEBI CIRCULAR NO. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Sr. Particulars Details 1. Name of the target entity, details M/S Falcon Yarns Private Limited engaged in brief such as size, turnover etc. in the field of Textile manufacturing and finishing specifically manufacturing hosiery combed cotton yarn and cotton products. 2. Whether the acquisition would No acquisition would not fall within related fall within related party party transaction(s). transaction(s) and whether the promoter/ promoter group/ The Promoter/ Promoter Group/ Group group companies have any Companies are not interested in FYPL. 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 Textile Industry, primarily engaged in the being acquired belongs manufacturing and finishing of hosiery combed cotton yarn and other cotton products. 4. Objects and impact of acquisition In order to grow and expand our business, (including but not limited to, we evaluate targets for acquisitions and disclosure of reasons for seek opportunities to acquire businesses acquisition of target entity, if its which complement our product offerings, business is outside the main line strengthen or establish our presence in the of business of the listed entity) targeted domestic and international markets, and provide synergy to our existing businesses and operations. Our emphasis on inorganic growth & acquisitions is targeted towards adding capabilities, value chain enlargement, spreading product offerings and building a sustainable business model. The typical framework and process followed by us for acquisitions involves the identification of the strategic acquisitions based on the following criteria: (a) expertise in the domain we operate in or wish to expand into; (b) compatibility with the industry in which we operate; (c) presence in our targeted domestic and international markets; (d) new capabilities to serve existing customers; and (e) newer technology infrastructure, service / product offerings. The proposed acquisition will significantly enhance our production capacity, broaden our customer base, and strengthen our order book, thereby driving revenue growth and improving operational efficiency. 5. Brief details of any governmental Not Applicable or regulatory approvals required for the acquisition 6. Indicative time period for Not Applicable completion of the acquisition 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the Aggregate cash consideration of ₹ 13,151 price at which the shares are lakhs for 3,94,53,600 Equity Shares. acquired 9. Percentage of shareholding / 100% control acquired and / or number of shares acquired 10. Brief background about the FYPL is a wholly owned subsidiary of entity acquired in terms of Aastha Spintex Limited, incorporated in products/line of business India on 30th June, 2015. The Company is acquired, date of incorporation, primarily engaged in the business of textile history of last 3 years turnover, manufacturing and finishing, with its country in which the acquired principal activities comprising the entity has presence and any manufacture of hosiery combed cotton yarn other significant information (in and other cotton products. brief) The turnover of the Company for the last three financial years is as f [Showing first 8,000 characters — download PDF for full document]