Outcome of Board Meeting

LE MERITE EXPORTS LIMITED (CIN: L17111MH2003PLC143645) Registered Office: A-307, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai 400 072, Maharashtra Tel: +91 22 45963506, Website: www.lemeriteexports.com E-mail: compliance@lemeriteexports.com June 23, 2026 National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051. SYMBOL: LEMERITE Dear Sir /Ma’am, Sub: Outcome of Board Meeting held today i.e. Tuesday, June 23, 2026. With reference to the captioned subject matter, we would like to inform that the Board of Directors of the Company at its meeting held today i.e. Tuesday, June 23, 2026 has inter alia considered and approved the Acquisition of Additional 14.5% equity stake of Le Merite Tactical & Defence Solutions Private Limited (“LMTDSPL”) subsidiary of the Company from Mr. Nand Nandan Sureka, Shareholder of the LMTDSPL for a Consideration amount not exceeding Rs. 1,45,000. The details as required under Regulation 30 of the LODR Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and with SEBI Master Circular dated November 11, 2024 and December 31, 2024, are enclosed as Annexure A. The Meeting of the Board of Directors of the Company commenced at 04:00 p.m. and concluded at 04:20 p.m. You are requested to take the same on your record. Thanking you, Yours Faithfully, For Le Merite Exports Limited Arpit Sharma Company Secretary and Compliance Officer M. No.: A71673 LE MERITE EXPORTS LIMITED (CIN: L17111MH2003PLC143645) Registered Office: A-307, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai 400 072, Maharashtra Tel: +91 22 45963506, Website: www.lemeriteexports.com E-mail: compliance@lemeriteexports.com Annexure A Sr. Details of Events Information of such Event 1. Name of the target entity, details in Name: Le Merite Tactical & Defence brief such as size, turnover etc. Solutions Private Limited (“LMTDSPL”) CIN: U46695MH2025PTC449845 Authorised Share Capital: Rs. 1,00,00,000 divided into 10,00,000 equity shares of Rs. 10 each. Paid up Share Capital: Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each. Date of Incorporation: 05/06/2025 Last Three years turnover: NA (The Company was incorporated during the previous financial year and, accordingly, its first financial statements are yet to be finalized and adopted. Therefore, the audited financial statements are presently not available). 2. Whether the acquisition* would fall LMTDSPL is subsidiary of the Company in with in related party transaction(s) and which company holds 51% equity stake as Whether the Promoters/ Promoter on date, in the current acquisition Group/Group Companies have any transaction the Company will acquire the interest in the entity being acquired* 14.5% equity stake from Mr. Nand Nandan If yes, nature of interest and details Sureka (Promoter of the LMTDSPL). Hence thereof and whether the same is done the transaction is being carried on at arms at "arm length" length. 3. Industry to which the entity being Technical Textile acquired*belongs 4. Objects and impact of acquisition* The target company is an existing (including but not limited to disclosure subsidiary of the Company. The proposed of reasons for acquisition* of target acquisition involves purchase of the entity, if its business is outside the additional equity stake. main line of the listed entity) 5. Brief details of any Governmental or Not applicable regulatory approvals required for the LE MERITE EXPORTS LIMITED (CIN: L17111MH2003PLC143645) Registered Office: A-307, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai 400 072, Maharashtra Tel: +91 22 45963506, Website: www.lemeriteexports.com E-mail: compliance@lemeriteexports.com acquisition* 6. Indicative time period for completion of Within 60 days the acquisition 7. Nature of consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition* and/or the price at Rs. 10/- per share amounting to total Rs. which the shares are acquired 1,45,000/-. 9. Percentage of shareholding / control The current acquisition of 14.5% consist of acquired*and / or number of shares 14500 equity shares. acquired 10. Brief background about the entity Brief Background: LMTDSPL was acquired in terms of product / line of incorporated on 05/06/2025 and is business acquired*, date of engaged in the business of technical and incorporation, history of last 3 years’ defence textiles. The company is already an turnover, country in which the existing subsidiary of the Company. acquired* entity has presence and any other significant information (in brief) Date of Incorporation: 05/06/2025 Last Three years turnover: NA (The Company was incorporated during the previous financial year and, accordingly, its first financial statements are yet to be finalized and adopted. Therefore, the audited financial statements are presently not available).