Outcome of Board Meeting of Kanel Industries Limited

Date: July 30, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalai Street, Fort, Mumbai - 400 001 Dear Sirs, Outcome of Board Meeting of Kanel Industries Limited (Security Code: 500236) 1. Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that the Board of Directors (“the Board”) of Kanel Industries Limited (“the Company”) at its meeting held today viz. Thursday, 30 July 2026, has inter-alia, approved fund raising by way of offer and issuance of fully paid-up equity shares of the Company of face value of Rs. 10/- each (the “Equity Shares”) for an amount not exceeding Rs. 17 Crore (Rupees Seventeen Crore) by way of a rights issue (“Rights Issue”) to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), in accordance with applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the SEBI subject to such regulatory and statutory approvals, as may be required under the applicable laws. 2. Further, the Board or the Rights Issue Committee of the Board will, inter-alia, decide the terms and conditions of the Rights Issue, including but not limited to the determination of the Rights Issue price, Rights Entitlement ratio, record date, timing of the Rights Issue and terms of payment and other related matters 3. Appointment of Ms. Pooja Khakhi (DIN: 07522176) as Additional Director of the Company being Non Executive Independent Director. The requisite details in respect of the aforesaid appointments, as required under Regulation 30 read with Part A of Schedule III of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are provided in Annexure A 4. Noting of Resignation of Ms. Jasmin Doshi (DIN: 08686876) as Non Executive Independent Director of the Company Further details regarding the aforementioned resignations, as required under clause 7B of Para A of Part A of Schedule III read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure-B 5. Reconstitution of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee by replacing Ms. Pooja Khakhi for Ms. Jasmin Doshi. The Meeting of Board conclude at 3:30 P.M This intimation is also being uploaded on the Company's website www.kanel.in Thanking you, For Kanel Industries Limited, (Keyoor Bakshi) Director DIN: 00133588 KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com Annexure A Statement pursuant to Schedule III read with Regulation 30 of Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in respect of: Appointment of Ms. Pooja Khakhi (DIN: 07522176) as an Additional Director in the category of Independent Director of the Company. Sr. Particulars Details 1 DIN 07522176 2 Reason for change viz. appointment, Appointment as an Additional Director in the re-appointment, category of Non-executive Independent Director. resignation, removal, death or otherwise 3 Date of appointment/re- Appointed w.e.f. 30th July 2026. appointment/cessation (as applicable) & term of appointment/re-appointment 4 Brief profile (in case of CS Pooja Khakhi is a qualified Company Secretary, appointment) Law Graduate (LL.B.) and Commerce Graduate with more than 10 years of rich experience in Corporate Laws, Secretarial Compliance, Corporate Governance, Regulatory Affairs and SEBI Compliances. Additionally, she has obtained various certifications in legal studies and securities market compliances, including NISM certifications in Equity Derivatives and Securities Intermediaries Compliance. Her extensive experience in corporate governance, compliance management and board processes enables her to contribute effectively to strategic decision-making, risk management and the promotion of high standards of ethical and regulatory compliance 5 Disclosure of relationships Ms. Pooja Khakhi is not related to the existing between directors (in case of Directors of the Company. appointment of a director) 6 Information as required pursuant to Ms. Pooja Khakhi is not debarred from holding BSE Circular with ref. no. the office of Director by virtue of any SEBI Order LIST/COMP/14/2018- 19 or any other such authority as required under the circular dated June 20, 2018 issued by BSE Limited. KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com Annexure B Statement pursuant to Schedule III read with Regulation 30 of Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in respect of: Resignation of Ms. Jasmin Doshi (DIN: 08686876) as Non Executive Independent Director of the Company. Sr. Particulars Details 1 DIN 08686876 2 Reason for change viz. appointment, Resigned due to change in management and re-appointment, control pursuant to completion of the open offer resignation, removal, death or under the SEBI (Substantial Acquisition of otherwise Shares and Takeovers) Regulations, 2011. 3 Date of appointment/re- Effective from close of business hours on 30th appointment/cessation (as July, 2026. applicable) & term of appointment/re-appointment 4 Brief profile (in case of Not Applicable appointment) 5 Disclosure of relationships Not Applicable between directors (in case of appointment of a director) 6. Detailed Reasons for resignation as Ms. Jasmin Doshi has confirmed that there are no disclosed by the Directors/KMPs in material reasons for his resignation other than their resignation letter those mentioned in his resignation letter. 7. Names of listed entities in which the Nil resigning director holds directorships, indicating the category of directorship and membership of board committees, if any 8 Enclosure of resignation letter Enclosed herewith as Annexure C KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com