1. Issuance of warrants convertible into equity shares of the Company to Promoter & Promoter Group and Non-Promoter category on preferential basis. 2. The Board has approved the notice ....

July 31, 2026 The Corporate Relationship Department BSE Limited, 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Company Symbol: GARGFUR Script Code: 530615 Sub: OUTCOME OF THE MEETING OF THE BOARD OF DIRECTORS OF GARG FURNACE LIMITED (THE “COMPANY”) IN TERMS OF THE PROVISIONS OF REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED (“SEBI LODR REGULATIONS”) Dear Sir/Madam (s), In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform your good office that the Board of Directors of our Company, in its meeting held today i.e., Friday, July 31, 2026, at 04:00 PM inter alia, considered and approved the following business: 1. Issuance of warrants convertible into equity shares of the Company to Promoter & Promoter Group and Non-Promoter category on preferential basis: Approval of Issue of up to 13,98,000 (Thirteen Lakhs Ninety Eight Thousand Only) warrants convertible into equal number of equity shares on preferential basis ("Preferential Issue") to the Promoter & Promoter Group and Non-Promoter category subject to the approval of shareholders, in accordance with the Companies Act, 2013 read with the rules made there under and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") read with other applicable regulations, if any at an issue price of ₹126.50/- (Rupees One Hundred Twenty Six Point Five Zero Only) per warrant, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company at the ensuing Annual General Meeting (“AGM”) and other regulatory authorities, as may be applicable. The details as required under Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. 2. The Board has approved the notice of 53rd Annual General Meeting (AGM) of the Company scheduled to be held on Saturday, August 29, 2026 at 01:00 P.M. at the Registered office at Kanganwal Road V.P.O. Jugiana G T. Road, Ludhiana- 141120. 3. The Company has fixed Saturday, August 22, 2026, as the cut-off date for determining the eligibility of the members, entitled to vote by remote e-voting and e-voting at the ensuing AGM of the Company which is scheduled to be held on Saturday, August 29, 2026, at 01:00 P.M. 4. The Board has appointed M/s PDM & Associates, Company Secretaries as a Scrutinizer for the purpose of conducting the e-voting process at the Annual General Meeting (AGM) of the Company. 5. The Board has decided to defer consideration and approval of the Unaudited Standalone and Consolidated Financial Statements for the quarter and three months ended June 30, 2026, until further notice, due to unavoidable circumstances. Disclosure of Trading Window: Pursuant to SEBI (Prohibition of Insider Trading) Regulation, 2015, the trading window for dealing in Equity Shares of the Company is already closed from July 01, 2026, till 48 hours after the unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026, are approved by the Board of Directors and filed with the Stock Exchange for the Promoters, Directors, Key Managerial Personnels, designated persons of the Company including their immediate relatives. The meeting of the board of directors commenced at 4:00 P.M. and concluded at 5.30. P.M. We request you to take the above information on record. Thanking you, Yours faithfully, For Garg Furnace Limited Davinder Garg Managing Director DIN: 01665456 Annexure – A The details as required under Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are given as below: S. Particulars Details 1. Type of securities Issue of up to 13,98,000 (Thirteen Lakhs Ninety Eight proposed to be Thousand Only) warrants convertible into equal number of issued (viz. equity equity shares of face value of ₹10/- each on Preferential basis shares, convertibles, to the Promoter & Promoter Group and Non-Promoter etc. category (Investors). 2. Type of issuance Preferential Issue of warrants in accordance with the SEBI (further public (ICDR) Regulation 2018 read with the Companies Act, 2013 offering, rights issue, and rules made thereunder. depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) 3. Total number of Up to 13,98,000 (Thirteen Lakhs Ninety Eight Thousand Only), securities proposed each convertible into, or exchangeable for One fully paid-up to be issued or the equity share of the Company of face value ₹ 10.00/- (Rupees total amount for Ten only) each at a price of ₹126.50/- (Rupees One Hundred which the securities Twenty Six Point Five Zero Only) each payable in cash will be issued (“Warrant Issue Price”), aggregating upto ₹17,68,47,000/- (approximately) (Rupees Seventeen Crores Sixty Eight Lakhs Forty Seven Thousand Only) (“Total Issue Size”). 4. Additional Information in case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s): i. Names of the Investors Sr. Name No. of Promoter/Non- No. Warrants Promoter proposed to be issued 1. Davinder Garg 3,00,000 Promoter 2. Vaneera Garg 3,00,000 Promoter 3. Toshak Garg 3,00,000 Promoter 4. Daksh Garg 3,00,000 Promoter 5. Sangeeta Pareekh 51,000 Non-Promoter 6. Securocrop 1,02,000 Non-Promoter Securities India Private Limited 7. Saket Agarwal 30,000 Non-Promoter 8. Vanshika Sharma 3,000 Non-Promoter 9. Manit Sawhney 12,000 Non-Promoter ii. Post allotment of The warrants convertible into equity shares are proposed to be securities - outcome allotted to Promoter & Promoter Group and non-promoters of of the subscription the Company. Details of shareholding in the Company, prior to and after the proposed Preferential Issue, are as under: Name of Pre-Preferential Post Preferential Investors Issue Issue# Shares % Shares % Davinder Garg 8,54,290 12.55% 11,54,290 14.07% Vaneera Garg 17,68,510 25.97% 20,68,510 25.21% Toshak Garg 6,16,951 9.06% 9,16,951 11.17% Daksh Garg 6,10,550 8.97% 9,10,550 11.10% Sangeeta 3,00,000 4.41% 3,51,000 4.28% Pareekh Securocrop 3,00,000 4.41% 4,02,000 4.90% Securities India Private Limited Saket Agarwal 1,45,000 2.13% 1,75,000 2.13% Vanshika 10 0.00% 3,010 0.04% Sharma Manit Sawhney - - 12,000 0.15% iii. Issue price ₹126.50/- (Rupees One Hundred Twenty Six Point Five Zero Only) iv. Number of 9 (Nine) Investors investors v. In case of Each of the Warrant is exercisable into 1 Equity Share having face convertibles - value of ₹ 10.00/- (Rupees Ten only) each. The tenor of the intimation on Warrants is 18 months from the date of their allotment. The conversion of Warrants shall be convertible in one or more tranches. securities or on lapse of the tenure of the instrument vi. Any cancellation or Not Applicable termination of proposal for issuance of securities including reasons thereof #The post-preferential issue shareholding and percentage has been computed on a fully diluted basis after assuming full conversion of the Warrants into Equity Shares. The actual post-issue paid- up equity share capital and shareholding pattern may vary depending upon the actual conversion of the Warrants. Thanking you, Yours faithfully, For Garg Furnace Limited Davinder Garg Managing Director DIN: 01665456