Outcome of Board Meeting

July 28, 2026 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 539450 Scrip Symbol: SHK Dear Sir / Madam, Sub: Outcome of Board Meeting held on July 28, 2026 Pursuant to the provisions of Regulation 30, 33, 42 and other applicable provisions read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform that the Board of Directors of the Company (“Board”) at its Meeting held today, i.e. July 28, 2026 has inter alia approved the following: 1) Financial Results: The Board has approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026. In this regard, please find enclosed herewith as Annexure I, a copy of the aforementioned Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, as approved by the Board today along with the unmodified Limited Review Report thereon issued by the Statutory Auditors of the Company. 2) Divestment of entire equity stake held in Keva Ventures Private Limited, wholly owned subsidiary: The Board has approved the sale of entire equity stake held by the Company in Keva Ventures Private Limited (“KVPL”), a wholly owned subsidiary of the Company to Keva Aromatics Private Limited, a Promoter Group Company. Upon completion of the sale of stake as aforementioned, the shareholding of the Company in KVPL shall become Nil and KVPL shall cease to be a subsidiary of the Company. Consequently, Amikeva Private Limited, a subsidiary of KVPL (“Amikeva”), too shall cease to be a subsidiary of the Company upon completion of divestment of stake in KVPL. This divestiture of a non-core asset represents no meaningful impact on the Group’s consolidated performance and aligns with the Company’s strategic vision to optimize its portfolio and focus resources on opportunities that best position the Company for long-term success. By transitioning ownership of KVPL and consequently that of Amikeva, the Company aims to enable KVPL and Amikeva to pursue new pathways for growth under the new ownership. The details as required under Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure II. The Board Meeting commenced at 3:32 p.m. and concluded at 4:38 p.m. This intimation is also being uploaded on the Company’s website at www.keva.co.in. You are requested to take the above on record. For S H Kelkar and Company Limited Deepti Chandratre Global Legal Counsel and Company Secretary Encls: As above Anoexure Deloitte Chartered Accountants Commerz III, 30th & 31st floors Haskins & Sells LLP International Business Park Oberoi Garden City Off. Western Express Highway Goregaon (East) Mumbai-400 063 Maharashtra, India INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF S H KELKAR AND COMPANY LIMITED 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of S H KELKAR AND COMPANY LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its associate for the quarter ended June 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with 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 (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel 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 Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: Parent S H Kelkar and Company Limited bsidiaries a cr, '-va Flavours Private Limited .c._., , c, . muivemb. ,,- - va Fragrances Private Limited *e -, I Neva U.K. Ltd INd AccW- Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: MB-8737 Deloitte Haskins & Sells LLP d. Keva Europe B.V e. Keva Italy S.r.l f. Keva Fragrance Industries Pte Ltd g. PT SHK KEVA Indonesia h. Anhui Ruibang Aroma Company Limited i. CFF Keva Italy S.p.A. (formerly known as Creative Flavours and Fragrances S.p.A) j. Keva Ventures Private Limited k. Amikeva Private Limited I. Provier Beheer B. V. m. Holland Aromatics B. V. n. Keva USA Inc. o. Keva Germany GmbH p. Keva Middle East (FZE) Associate a. NuTaste Foods and Drink Labs Private Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, 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 the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms 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. 6. We did not review the interim financial information of 5 subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflect total revenues of Rs. 191.61 crores for the quarter ended June 30, 2026, total net profit after tax of Rs. 3.49 crores for the quarter ended June 30, 2026 and total comprehensive income of Rs. 3.60 crores for the quarter ended June 30, 2026, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and the procedures perform [Showing first 8,000 characters — download PDF for full document]