The Board has considered and recommended the Bonus Issue of Shares

Date: 12/11/2026 BSE Limited National stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot. No C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400001 Bandra (East), Mumbai 400051 Scrip Code: 540757 Trading Symbol: SCPL Sub: Outcome of the Board Meeting held on November 12, 2026 Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that the Board of Directors of Sheetal Cool Products Limited ("the Company"), at its meeting held today, i.e. Thursday, November 12, 2026, inter alia, considered and approved the following: 1. Increase in Authorised Share Capital and alteration of Clause V of the Memorandum of Association: Subject to the approval of the members, increase in the Authorised Share Capital of the Company from ₹ 15,00,00,000/- (Rupees Fifteen Crore only) divided into 1,50,00,000 (One Crore Fifty Lakh) Equity Shares of face value of ₹ 10/- each to ₹ 68,50,00,000/- (Rupees Sixty-Eight Crore Fifty Lakh only), divided into 6,85,00,000 (Six Crore Eighty-Five Lakh) Equity Shares of face value of ₹ 10/- each, by creation of additional 5,35,00,000 (Five Crore Thirty-Five Lakh) Equity Shares of face value of ₹ 10/- each, and consequential alteration of Clause V of the Memorandum of Association. Details are given in Annexure A. 2. Sub-division (split) of Equity Shares: Subject to the approval of the members and such other statutory / regulatory approvals as may be required, sub-division of 1 (One) Equity Share of face value of ₹ 10/- (Rupees Ten only) each, fully paid-up, into 2 (Two) Equity Shares of face value of ₹ 5/- (Rupees Five only) each, fully paid-up, and consequential alteration of the capital clause of the Memorandum of Association. Details are given in Annexure B. 3. Issue of Bonus Equity Shares: Recommended the issue of Bonus Equity Shares in the ratio of 5:1, i.e. 5 (Five) fully paid-up Equity Shares of face value of ₹ 5/- each for every 1 (One) fully paid-up Equity Share of face value of ₹ 5/- each (post sub- division) held by the members as on the Record Date, by capitalisation of a sum of ₹ 52,50,00,000/- out of the Securities Premium Account and Free reserves of the Company, subject to the approval of the members. Details are given in Annexure C. 4. Adjustment in outstanding Convertible Warrants: In terms of Regulation 166 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the number of Equity Shares to be allotted on conversion of the 8,40,000 outstanding convertible warrants, and the exercise price thereof, shall stand proportionately adjusted for the sub-division and the bonus issue, so that each warrant shall entitle the holder to 12 (Twelve) Equity Shares of face value of ₹ 5/- each, aggregating to 1,00,80,000 Equity Shares, without any change in the aggregate consideration payable. The Company shall reserve such number of Equity Shares out of its Authorised Share Capital. Details are given in Annexure D. 5. Approval of Postal Ballot Notice for seeking approval of the members for items 1 to 3 above by way of Postal Ballot through remote e-voting only, with cut-off date Friday, 13th November, 2026 and appointment of Mr. Nayan Pitroda, Proprietor of M/s. Pitroda Nayan & co., as Scrutinizer. The Record Date for determining the members entitled to the sub-divided shares and to the bonus shares shall be intimated separately in terms of Regulation 42 of the Listing Regulations. The above information is also being made available on the website of the Company at www.sheetalfoodworld.com. The Board meeting commenced at 04:30 P.M. and concluded at 05:30 P.M. Kindly take this information on your records. Thanking you, On behalf of Board of Directors SHEETAL COOL PRODUCTS LIMITED Bhupatbhai D. Bhuva Managing Director DIN 06616061 Encl.: Annexures A, B, C and D Annexure A – Increase in Authorised Share Capital and alteration of Clause V of the Memorandum of Association Details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular dated January 30, 2026: Particulars Details Existing Authorised ₹ 15,00,00,000/- divided into 1,50,00,000 Equity Share Capital Shares of ₹ 10/- each ₹ 53,50,00,000/- by creation of 5,35,00,000 additional 2 Increase proposed Equity Shares of ₹ 10/- each ₹ 68,50,00,000/- divided into 6,85,00,000 Equity Revised Authorised Shares of ₹ 10/- each (i.e. 13,70,00,000 Equity Shares Share Capital of ₹ 5/- each upon sub-division as set out in Annexure To accommodate the bonus issue and the Equity Shares 4 Rationale to be allotted on conversion of the outstanding warrants (as adjusted) Substitution of Clause V (capital clause) of the 5 Amendment to MOA Memorandum of Association to reflect the revised Authorised Share Capital Approval of the members under Sections 13 and 61 of 6 Approvals required the Companies Act, 2013 The revised Authorised Share Capital of ₹ 68,50,00,000/- covers the post-bonus paid- up capital of ₹ 63,00,00,000/- and the 1,00,80,000 Equity Shares (₹ 5,04,00,000/-) reserved for warrant holders, i.e. a fully diluted capital of ₹ 68,04,00,000/-. Annexure B – Sub-division (split) of Equity Shares Details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular dated January 30, 2026: Particulars Details 1 (One) Equity Share of face value of ₹ 10/- each fully paid- Split / Consolidation 1 up to be sub-divided into 2 (Two) Equity Shares of face ratio value of ₹ 5/- each fully paid-up To enhance the liquidity of the Company’s equity shares in Rationale behind the 2 the capital market, widen the shareholder base and make Split / Consolidation the shares more affordable to small / retail investors Particulars Pre Sub-division Post Sub-division No. of Face No. of Shares Face Pre and post share Shares Value Value capital – authorised, 3 (Rs.) (Rs.) paid-up and Authorised* 6,85,00,000 10 13,70,00,000 5 subscribed Issued, 1,05,00,000 10 2,10,00,000 5 Paid-up and Subscribed Expected time of The Company will complete the corporate action on or completion before January 11, 2027, subject to necessary approvals Class of shares which 5 are consolidated or Equity shares (There is only one class of equity shares) sub-divided Number of shares of Pre-split: 1,05,00,000 Equity Shares of ₹ 10/- each; Post- 6 each class pre and post split: 2,10,00,000 Equity Shares of ₹ 5/- each Split / Consolidation Number of shareholders who did not get any shares in 7 Not applicable consolidation and their pre-consolidation shareholding *After considering increase in Authorised share capital as mentioned in Annexure A. Annexure C – Issue of Bonus Equity Shares Details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular dated January 30, 2026: Particulars Details Type of securities 1 Equity Shares of face value of ₹ 5/- each, fully paid-up proposed to be issued 2 Type of issuance Bonus Issue of Equity Shares Total number of 10,50,00,000 (Ten Crore Fifty Lakh) Bonus Equity Shares of securities proposed to 3 ₹ 5/- each, aggregating to ₹ 52,50,00,000/- (on the post- be issued split paid-up capital of 2,10,00,000 Equity Shares) (approximately) Whether bonus is out of free reserves created The bonus shares will be issued out of Securities Premium 4 out of profits or Account and Free reserves of the Company available as at securities premium September 30, 2026. account 5:1, i.e. 5 (Five) Bonus Equity Shares of ₹ 5/- each for every 5 Bonus ratio 1 (One) Equity Share of ₹ 5/- each held as on the Record Date. Particulars Pre Bonus Post Bonus No. of Shares Face No. of Shares Face Value Value (Rs.) (Rs.) Details of share capital – Authorised* 13,70,00,000 5 13, [Showing first 8,000 characters — download PDF for full document]