Outcome of the Ballot Voting at the Meeting of the Unsecured Creditors of the company.

1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, CTM-Ramol Road, Ramol Ahmedabad- 382 449. Mob.: 9067295280 % E-mail: csl@palcorecycle.com Website: www.palcometals.com CIN: L27310GJ1960PLC000998 Palco Metals Limited 29 July 2026 The General Manager BSE Limited Corporate Relationship Department 1% Floor, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai — 400 001 Dear Sir, Scrip Code: 539121 Sub: Outcome of ballot voting at the Meeting of the unsecured creditors of Palco Metals Limited (“the Company”) Ref: Meeting called pursuant to the Order passed by the Hon’ble National Company Law Tribunal, Ahmedabad Bench (“Hon’ble NCLT”) in respect of Scheme of Amalgamation among Palco Metals Limited and Palco Recycle Industries Limited their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Scheme"). As directed by the Hon’ble NCLT pursuant to the order dated June 16, 2026, a meeting of the unsecured creditors of the Company was held on Monday, July 27, 2026 at 12:30 p.m. IST through physical mode to consider and if thought fit, approve the Scheme. The Hon’ble NCLT, vide its order dated June 16, 2026, had appointed Advocate Vedant Dave, as the Scrutinizer for ballot voting at the NCLT Convened Meeting. As per the Scrutinizer’s Report, the resolution as set out in the Notice of Meeting dated June 25, 2026 has been duly approved by the unsecured creditors with requisite majority. The Scrutinizer’s Report is enclosed as Annexure 1. Pursuant to Regulation 44(3) of SEBI Listing Regulations, please find attached the outcome of voting held through ballot voting during the NCLT Convened Meeting of Basis the Scrutinizer’s Report July 27, 2025, the resolution as set out in the Notice of the Meeting dated June 25, 2026 was passed by the unsecured creditors: « With requisite statutory majority under Section 230 of the Companies Act, 2013; You are requested to kindly take the above information on your records. For and on behalf of Board of Directors of PALCO METALS LIMITED Tiwari Mukes Mukesh Tiwari Company Secretary & Compliance Officer M. No 45237 Adv. Vedant Dave B.A.(Hons.), LLB, I-601, Carmel, Godrej Garden City Chandkheda Ahmedabad 380009 E:vedantdaven22@gmail.com M: +91 9408740227 Report of Scrutinizer [Pursuant to Section 109 of the Companics Act, 2013 and Rule 21(2) of Companies (Management and Administration) Rules, 2014] Mr. Laxman Madnani Advocate & Ex Presiding Officer DRT, Member (Judicial) RCT The Chairman of NCLT convened meeting of the Unsecured Creditor of PALCO METALS LIMITED having its Registered Office at 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, CTM-Ramol Road, Ramol, Ahmedabad, Gujarat — 382449 Sub: Scrutinizers’ Report on the resolution passed through Ballot Voting at Meeting of the Unsecured Creditors of PALCO METALS LIMITED convened as per directions of Hon’ble National Company Law Tribunal (“NCLT”), Ahmedabad Bench. Dear Sir, 1, Vedant Dave, Advocate, have been appointed by the Hon’ble National Company Law Tribunal, Ahmedabad Bench (“NCLT”) vide its order dated 16th June, 2026 as “the Scrutinizer” for the purpose of scrutinizing by poll/ballot at the NCLT Convened Meeting (“meeting”) of the Unsecured Creditors of PALCO METALS LIMITED (hereinafter referred to as “the Company”) convened by order of NCLT and held through Physical Mode with Ballot Voting at venue on Monday, 27th July, 2026 at 12:30 P.M. (IST). As mentioned in the Notice, the proceedings of the meeting were conducted at the Registered Office of the Company located at 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, CTM-Ramol Road, Ramol, Ahmedabad, Gujarat — 382449 with Ballot Voting facility at venue. Adv. Vedant Daye B.A (Hons.), LLB, [-601, Carmel, Godrej Garden City Chandkheda Ahmedabad 380009 E:vedantdaven22@gmail.com M: +91 9408740227 1 do hersby submit my report as under: (i) The Management of the Company is responsible for ensuring compliance with the requirements of the Act and the Rules thereunder, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, relating to voting done through the pollballot at the meeting on the resolution contained in the Notice of the Meeting. (il) The L"nse_cured Creditors outstanding as on 31% May, 2026 were considered for voting. Tke voting rights of the creditors were determined in proportion to the amount of debt owed to each creditor by the Compary. Notice of the unsecured creditors were dispatched to the Creditors on or before 26 June, 2026. (i) My responsibility as a Scrutinizer for the voting process was restricted to scrutinize the voting process, in 2 fair and transparent manner and to prepare a Scrutinizer’s Report of the votes polled at the meeting. (iv) The Company had published Newspaper Advertisements in Business Standard (English) and Jai Hind (Gujarati) on Friday, June 26, 2026 (regarding holding of meeting contzining el the matters required under the Companies Act, 2013 and relevant rules made (¥) At the Tribunal convened Meeting, the Chairman, after discussion on resolution mentioned in the said Notice was over, amounced that the Unsecured Creditors present at the Meeting can exercise their voting rights by Poll, which was made available at the Venue of the Tribunal convened Meeting. (vi) Thereafter, on completion of the voting at the Tribunal convened Meeting, the Ballot Box(es) were unlocked in the presence of 2 witnesses who are not in the employment of the Company Zalak Bangar and Savan Prajapati. The result of the voting seeking approval of the Unsecured Creditors of the Company to the Scheme is as under: Resolution: Approval of Scheme of Amalgamation. Adv. Vedant Dave B.A(Hons.), 1-601, Carmel, Godrej Gnnk)'n (]l(]\ Chandkheda Ahmedabad 380009 E:vedantdaven22@gmaciolm M: 91 9408740227 Report o0 result of voting through ballot at Meeting through Physical of the meeting of Unsecured Creditors: i. Valid Yotes Number of Value of Debt % of Debt Value Particulars Creditors Voted Voted in Favour voted in favour Joting at the Meeting Total persons present and voting at T 21,32,00,600 J r 93.33% ' the Meeting 7 | Votes cast in favour of the A o | resolution at the Meeting 7 21,32,00,600 e | Votes cast against the resolution at 0 0 0 | the meeting IInvalid votes (if any) I 0 0 B 0 J Detailed Report of Voted in against is enclosed and marked as ANNEXURE — A. (vii) List of unsecured creditors who voted "FOR, for resolution has been sent to Mr. Mukesh Tiwari, Company Secretary of the Company for records. (viii) All relevant records of the voting conducted through poll/ballot at the meeting are handed over to the Company Secretary for safe keeping. Thanking you, Yours faithfully, donts Scrutinizer Vedant Dave Advocate Place: Ahmedabad Date: July 27, 2026 Countersigned For, PALCO METALS LIMITED Mr. Laxm-an Madnani The Chairman of NCLT convened meeting of the Unsecured Creditors Name of the Creditors ALQPASOIR Sunita Kanaiyatat Agrawal oditors of Palco M Address oftho Valuod Dabt Owad Shareholder tothe Company 3750001 B-2 RIDDHI SIDDHI BUNGLOWSM, B/HHOTEL COURT YARD MARRIOT RAMDEVNAGAR AHMEDABAD 380015 3750001 AAZPAS295Q Kirankumat Babulal ELANZA 'NR PARCKHS Agrawal HOSPITAL 'SHYAMAL ROAD ‘SATELLITE, AHMEDABA D '380015 150000| 0.07| 403, MAURYANSH ABNPA2730P Urmila Kirankumar ELANZA 'NR PAREKHS| Agrawal HOSPITAL ‘SHYAMAL| ROAD 'SATELLITE, AHMEDABA D '380015 0.16 52 RIODH _ SIDDHI 375000 ACIPAB616Q Kanalyalal Babulal BUNGLOWSM, Agrawal 'B/H,HOTEL COURT YARD MARRIOT 'RAMDEVNAGAR 'AHMEDABAD '380015 200172300 87.63] AABCK6924B Palco Recyecle Exchange Limited RS No 72, Opp Super| British Allots, Nr Jalaram| mandir, Ankhol Kadi, Ahmedabad -382715 8126650 3.56] AAJCA2339L ABC Acution Trade B 10 'SARITA DARSHAN Private Limited SOCIETY, "OPP JAI HIND| PRESS, ASHRAM ROAD 'AHMEDABAD, (GUJ'INADIAR '3A800T09 3626650 1.59] Palco E-waste AAFCB8772N B 10 'SARITA DARSHAN Recyclers Private L [Showing first 8,000 characters — download PDF for full document]