Please find the attached letter for the Outcome of the 45th AGM held on July 31, 2026 at 03.00 pm IST.

414, Shah Nahar (Worli) Industrial Estate, B-Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com July 31, 2026 Department of Corporate Service BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip Code: 503681 Subject: Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Sir/Madam, This is to inform you that 45th Annual General Meeting (AGM) of the Company was held on Friday, July 31, 2026 at 03.00 pm IST through Video Conferencing mode (VC)/ Other Audio Video Means (OAVM) in accordance with the applicable provisions of the Companies Act, 2013 (“the Act”), Circular(s) issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India for transacting the business as mentioned in the Notice convening the AGM. The 45th AGM concluded at 3:29 pm IST. Particulars Annexures Summary of the proceedings of the 45th AGM pursuant to Part A of Annexure I Schedule III under Regulation 30 of the Listing Regulations Declaration of Voting results of the business transacted at the 45th AGM in the prescribed format pursuant to Regulation 44(3) of the Annexure II Listing Regulations Consolidated report of the Scrutinizer on remote E-voting and E- Annexure III Voting during the AGM The voting results along with the Scrutinizer's Report are made available on the website of the Company at www.elcidinvestments.com and on the website of Central Depository Services (India) Limited at www.evotingindia.com 414, Shah Nahar (Worli) Industrial Estate, B-Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com This is for your information and record. Thanking you, Yours truly, For Elcid Investments Limited Ayush Dolani Company Secretary & Compliance Officer Place : Mumbai 414, Shah Nahar (Worli) Industrial Estate, B-Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com Annexure I SUMMARY OF THE PROCEEDINGS OF THE 45TH ANNUAL GENERAL MEETING OF THE ELCID INVESTMENTS LIMITED The 45th Annual General Meeting ("AGM") of the Company was held on Friday, July 31, 2026 at 3:00 p.m. (IST) through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM") in compliance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Mr. Ayush Dolani, Company Secretary & Compliance Officer, welcomed the members and confirmed that the requisite quorum was present. He informed the members that the VC facility had been made available 15 minutes before the scheduled commencement of the meeting and remained open for 15 minutes after its conclusion. Members were briefed on the meeting protocols, including participation through stable internet connectivity, remaining on mute during the proceedings, and the availability of statutory registers and other relevant documents for electronic inspection through the e-voting platform of Central Depository Services (India) Limited ("CDSL"). The Company Secretary further informed the members that, pursuant to the MCA Circulars, the facility for appointment of proxies was not available for the AGM conducted through VC/OAVM. However, authorised representatives of body corporates were permitted to attend and vote electronically. He also informed that the Registered Office of the Company at 414, Shah & Nahar (Worli) Industrial Estate, B Wing, Dr. E. Moses Road, Worli, Mumbai – 400018 shall be deemed to be the venue of the AGM. The Board of Directors, Chief Financial Officer, representatives of the Statutory Auditors and Secretarial Auditors were introduced to the members. The Chairpersons of the Audit Committee, Nomination & Remuneration Committee and Stakeholders' Relationship Committee were also present to address shareholders' queries, if any. All Directors attended the meeting. The details of the number of members present at the AGM were as follows: 1. Promoter(s) and Promoter(s) Group – 6 2. Public – 11 Thereafter, Mr. Varun Vakil, Chairman of the Meeting, welcomed the members and delivered his address. He highlighted that the Company, being a Non-Banking Financial Company primarily engaged in investment activities, continued to follow a disciplined, conservative and long-term investment philosophy focused on capital preservation, value creation and sustainable growth. He stated that the Company's investment portfolio continues to be anchored by its strategic holding in Asian Paints Limited, along with diversified investments in listed and unlisted securities, mutual funds and other financial instruments. 414, Shah Nahar (Worli) Industrial Estate, B-Wing, Dr. E. Moses Road Worli, Mumbai 400018. Phone: 6662 5602 Fax: 6662 5605 CIN: L64990MH1981PLC025770 www.elcidinvestments.com vakilgroup@gmail.com The Chairman informed the members that the Company's aggregate interest, held directly and through its wholly owned subsidiaries, in Asian Paints Limited stands at 4.23% and forms part of the promoter shareholding. This strategic investment has been held for more than four decades, with no proposal or intention for its sale. He emphasised that the Board evaluates its performance based on long-term growth in Net Asset Value rather than short-term movements in the Company's market price. He further stated that a significant portion of the Company's non-strategic investment portfolio is professionally managed through SEBI-registered Portfolio Management Services providers, enabling efficient portfolio management while maintaining prudent cost structures. The Chairman noted that despite global macroeconomic uncertainties and market volatility, the Company earned consolidated dividend income of ₹105.80 crore during the financial year. The Board has recommended a final dividend of ₹25 per equity share, subject to shareholders' approval. He explained that the dividend recommendation was based on various considerations including financial performance, liquidity, investment opportunities, capital allocation strategy, market conditions and long-term shareholder interests. He also observed that the Company's dividend policy is broadly consistent with the practices followed by listed investment holding companies in India. The Chairman referred to the significant price discovery in the Company's shares following the special call auction mechanism introduced by SEBI and the Stock Exchanges in October 2024. He explained that while the market price had improved substantially, the Company's shares continue to trade below their Net Asset Value, which is consistent with the experience of many listed investment holding companies due to factors such as holding company discounts, taxation implications and limited liquidity. The Chairman also informed the members that the Group structure, comprising Murahar Investments and Trading Company Limited and Suptaswar Investments and Trading Company Limited, continues to support the Company's long-term investment strategy while ensuring independent governance and diversified investment opportunities. He clarified that no proposal relating to a bonus issue or sub-division of equity shares is presently under consideration by the Board. Such matters are reviewed periodically after considering the Company's capital structure, applicable regulations, commercial considerations and long-term interests of shareholders. The Chairman further reaffirmed the Company's commitment to strong corporate governance and stated that the Company's policies relating to insider trading, code of conduct, vigil mechanism and related party transactions are reviewed periodically. He also confirmed that all Board and Committee meetings, statutory compliances and regulatory disclosures were carried out wi [Showing first 8,000 characters — download PDF for full document]