Disclosure of material issue

To Date: 21.07.2026 National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (East), Mumbai – 400051 Symbol: AIROLAM Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Sale of Investment in Associate Company Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Airo Lam Limited, at its meeting held on 21.07.2026, has approved the transfer/sale of 40% equity stake held by the Company in Airolam Asia Pacific Co. Ltd, a company incorporated outside India and an associate of the Company, to unrelated third party. Upon completion of the transaction, the Company's shareholding in Airolam Asia Pacific Co. Ltd will reduce from 49% to 9%, and accordingly the company will cease to be an associate of Airo Lam Limited. The transaction is subject to completion of customary closing conditions, execution of definitive documents, and applicable regulatory compliances, including those under the Foreign Exchange Management Act, 1999 and the rules/regulations made thereunder, wherever applicable. The details as required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with the applicable SEBI Circular are enclosed as Annexure A. Kindly take the above information on record. Thanking you, For Airo Lam Limited Chintan K. Mehuriya Company Secretary and Compliance Officer M. No: A69025 Annexure A Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the applicable SEBI Circular(s) Particulars Details Airolam Asia Pacific CO. LTD [Thailand], Name of the target entity, details in brief such as an associate company of Airo lam Limited. size, turnover etc. (turnover:65,26,679.53 Baht as on March 31, 2026) Whether the acquisition/disposal would fall within related party transaction(s) and whether the The proposed disposal is not a related party promoter/promoter group/group companies have transaction. The purchaser does not belong to any interest in the entity being acquired/disposed the promoter/promoter group of Airo lam of? If yes, nature of interest and details thereof and Limited. whether the same is done at "arm's length". Industry to which the entity being 3. Trading of Laminate Products acquired/disposed of belongs Objects and effects of acquisition/disposal The Company has decided to divest 40% of (including but not limited to disclosure of reasons its shareholding in Airolam Asia Pacific co. 4. for acquisition/disposal of target entity, if its ltd as part of its strategic business and business is outside the main line of business of the investment objectives. listed entity) The transaction is subject to applicable laws Brief details of any governmental or regulatory 5. and regulatory approvals, if any, in the approvals required for the acquisition/disposal relevant jurisdiction. Expected to be completed on or before July Indicative time period for completion of the 6. 30, 2026 subject to fulfilment of customary acquisition/disposal conditions precedent. Nature of consideration – whether cash 7. Cash consideration. consideration or share swap and details of the same Consideration of ₹ 36,00,000 for representing Cost of acquisition or the price at which the shares 8. 40% of the equity share capital of Airolam are acquired/disposed of Asia Pacific co. Ltd. Disposal of 8000 equity shares constituting 40% of the equity share capital of Airolam Percentage of shareholding/control acquired 9. Asia Pacific co. Ltd. Consequently, the and/or number of shares acquired/disposed of Company's shareholding will reduce from 49% to 9%. Airolam Asia Pacific co. Ltd. is incorporated Brief background about the entity 10. in Thailand and is engaged in trading of acquired/disposed of in terms of products/line of Laminate Products. The details of business, date of incorporation, history of last incorporation, turnover for the last three Particulars Details three years turnover, country in which the entity financial years and other relevant information has presence and any other significant information are as under: • Date of Incorporation: 10.09.2020 • FY 2023-24 Turnover: 47,95,185.43 • FY 2024-25 Turnover: 83,97,971.37 • FY 2025-26 Turnover: 63,65,873.47 • Country of Incorporation: Thailand