Outcome of Board Meeting

CIN: L45200GJ1988 P LC011049 R EGD.OFF.: 5 04, TRIVI D H C HAMBER, 5TH FLOOR, OPP. FIRE BRIGADE STATI O N, R ING ROAD, SURAT-395002, INDIA Phone (91-261) 2328902 ∙ E-Mail: corporate@sumeetindustries.com ∙ Visit us at: www.sumeetindustries.com Date: 29.07.2026 To, To, BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Bandra Kurla Complex, Street, Fort, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code - 514211 Symbol - SUMEETINDS Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) - Outcome of Board Meeting Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we hereby inform that the Board of Directors of the Company has, interalia, considered and approved in their meeting held today i.e., on 29th July, 2026, the proposal of issuance of Equity Shares on Preferential Basis upon Conversion of Optionally Convertible / Redeemable Preference Share (OCRPs), to the Non-Promoters and other incidental matter as follows: 1. To issue upto 84,31,195 Equity Shares of face value of Rs. 2/- to the Proposed allottees in Non- Promoter category, by conversion of Optionally Convertible / Redeemable Preference Share (OCRPs) on a Preferential Basis in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”), and other applicable laws, at the conversion price of Rs.33.21/- (Rupees Thirty Three & paise Twenty one only) (including a premium of Rs. 31.21/-) per Equity Share aggregating upto Rs. 28.00 Crores/- (Rupees Twenty Eight Crores only) on Non-Consideration basis as recommended by the Board. Further, details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023 with respect to the proposed Preferential Issue is enclosed as Annexure – A. 2. In view of the above, the Board of Directors of the Company has: a) Approved the Draft Notice of Extra Ordinary General Meeting. b) Authorized Anil Kumar Jain, Company Secretary and Mr. Rohan D. Modh , Director of the company (“Authorised Representative”) severally to finalise, sign, approve and issue all documents in relation to the resolution sought to be passed by Shareholders in the ensuing Extra Ordinary General Meeting , including but not limited to the explanatory statement and form. c) Appointed , M/s. Dhirren R. Dave & Co., Practicing Company Secretaries a Practicing Company Secretary, to act as scrutinizer for conducting the E-voting in a fair and transparent manner; CIN: L45200GJ1988 P LC011049 R EGD.OFF.: 5 04, TRIVI D H C HAMBER, 5TH FLOOR, OPP. FIRE BRIGADE STATI O N, R ING ROAD, SURAT-395002, INDIA Phone (91-261) 2328902 ∙ E-Mail: corporate@sumeetindustries.com ∙ Visit us at: www.sumeetindustries.com 3. The Board has approved amount of Rs. 49.90 Crores set forth under Object clause towards General Corporate Purposes in the Right issue to be used for operationalization and integration of the CP Plant acquired from Nakoda Limited (Under Liquidation). The company has formed a wholly owned subsidiary company named Sumeet Speciality Chips Limited” for this purpose which will exclusively run the business of CP Plant acquired from Nakoda Limited . The said amount will be transferred to this wholly owned subsidiary company in the form of Equity/Unsecured loan as and when needed. The Board meeting commenced at 4.00 PM and concluded at 04.35 PM We request you to take the aforesaid in your record. Thanking you, Yours faithfully, Thanking you. For Sumeet Industries Limited Anil Kumar Jain Company Secretary CIN: L45200GJ1988 P LC011049 R EGD.OFF.: 5 04, TRIVI D H C HAMBER, 5TH FLOOR, OPP. FIRE BRIGADE STATI O N, R ING ROAD, SURAT-395002, INDIA Phone (91-261) 2328902 ∙ E-Mail: corporate@sumeetindustries.com ∙ Visit us at: www.sumeetindustries.com Annexure- A Particulars of Securities Details of Securities Type of securities proposed to be Equity Shares of face value of Rs. 2/- each. issued Type of issuance Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable law. Total number of securities Issue of upto 84,31,195 Equity shares of face value of Rs. 2/- each proposed to be issued or the total at a price of of Rs.33.21/- (Rupees Thirty-Three & paise Twenty amount for which the securities will one only) (including a premium of Rs. 31.21/-) per Equity Share be issued (approximately) aggregating upto Rs. 28.00 Crores (Rupees Twenty-Eight Crores only) to non-promoters on conversion of OCRPs recommended by the Board approved in the Board meeting Names of the investors Annexure B Number of investors 6 ( Six ) Issue Price 33.21 Category of the Investor Non-Promoter Post Allotment of securities - Not Applicable outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors; in case of convertibles - intimation The Optionally Convertible / Redeemable Preference Share on conversion of securities or on (OCRPs) were allotted on Wednesday, 11th Day of December, lapse of the tenure of the 2024 in compliance with the NCLT approved Resolution Plan instrument; dated 16-07-2024. Further, on expiry of the tenure, the OCRPs are being converted in to Equity Shares. Annexure B Post Issue No of Equity S.No Names of Proposed Allottees Category Shares* Public 48,11,683 1 Bank of Baroda ( Non- Promoter ) Public 4,34,146 2 Central Bank of India ( Non- Promoter ) Public 2,82,114 3 Canara Bank ( Non- Promoter _ Public 4,27,642 4 Union Bank of India ( Non- Promoter ) Public 23,28,455 5 IDBI Bank ( Non- Promoter ) Oldenburgische Landesbank AG , Germany Public 1,47,155 6 ( Foreign Bank) ( Non- Promoter ) Total 84,31,195 *Note : Conversion Price has been taken Rs. 33.21 recommended by the Board