Intimation of Lapse and Forfeiture of 1000000 Convertible Warrants under SEBI (ICDR) Regulations, 2018 and amendments made from time to time

Scrip Code: 511692 Scrip Name: AJCON ISIN: INE759C01027 21.07.2026 The Manager, BSE Limited, BSE Listing Centre, Department of Corporate Services, P J Towers, Dalal Street, Fort, Mumbai-400001 Subject: Intimation of Subscribers Lapse and subsequent Forfeiture of 1000000 Convertible Warrants under prescribed provisions of the SEBI (ICDR), Regulations, 2018 Ref: Disclosure under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 Dear Sir/ Madam, This is in furtherance of our earlier intimations on 19.12.2024 and 21.01.2025 (Preferential Issue), wherein we had informed that the Company had approved allotment of 1000000 (Ten Lakhs) Convertible Warrants to Non-Promoter, Public Category, on preferential basis, at an issue price of ₹ 66/- per warrant of ₹ 10/- each (including a premium of ₹ 56/- per warrant) for an amount aggregating to ₹ 6,60,00,000/- (Rupees Six Crore Sixty Lakhs Only) to the Allottees as mentioned in Annexure- A. In accordance with the terms of issue and Regulation 162 of the SEBI ICDR Regulations, 25% of the issue price was received upfront as the initial subscription amount at the time of allotment and the balance 75% was payable at the time of exercise of warrants within a period of 18 months from the date of allotment, i.e., on or before 20.07.2026. Since, the Company has not received the balance 75% consideration from the aforesaid warrant holders within the stipulated timeline, the outstanding warrants have lapsed on expiry of the exercise period on 20.07.2026 and stand cancelled in accordance with the terms of issue and applicable provisions of the SEBI (ICDR) Regulations. Consequently, with effect from 21.07.2026, the upfront subscription amount received at the time of allotment, being 25% of the issue price, amounting to ₹ 1,65,00,000/- (One Crore Sixty Five Lakhs Only) stands forfeited with immediate effect, as per Regulation 169(3) of Chapter V of the SEBI ICDR Regulations. This is to further inform that consequent to the lapse of the aforesaid warrants: a) The warrant holders shall cease to have any rights or entitlement to seek conversion into equity shares of the Company; b) The aforesaid warrants stand cancelled and extinguished; c) There shall be no further obligation on the Company to allot equity shares against such warrants d) There will be no change in the paid-up share capital of the Company, and the amount forfeited pursuant to such lapse shall be retained by the Company and accounted for in accordance with the applicable accounting standards. This matter will be taken up at the forthcoming meeting of Board of Directors and necessary Resolution will be passed in this regard and intimated to the respective Regulatory Authorities. The details as required under Regulation 30 of the SEBI Listing Regulations read SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is provided as Annexure- A. This is for your information and further dissemination. Thanking you, Yours faithfully, For Ajcon Global Services Limited Kaushal Shukla CS & Compliance Officer Encl: As above Annexure- A Details as required under Regulation 30 of the SEBI Listing Regulations read SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. No. Particulars Details 1. Type of securities Convertible Warrants 2. Type of Issuance Preferential Allotment 3. Total No. of warrants originally allotted 1000000 (Ten Lakhs) 4. Issue Price per warrants (in ₹) 66/- 5. Date of Allotment 21.01.2025 6. Tenure (in months) 18 (Upto 20.07.2026) 7. Amount Received upfront (in ₹) 1,65,00,000/- 8. Last Date of Exercise 20.07.2026 9. No. of warrants exercised NIL 10. No. of warrants lapsed 1000000 (Ten Lakhs) 11. Names of warrant holders whose convertible warrants have lapsed Name of Warrant PAN No. of Warrants Amount forfeited holders allotted/ lapsed in ₹) (being 25% upfront consideration) Subhash P. Rathod AABPR3934R 500000 82,50,000 Mayank S. Rathod CFAPR3574M 250000 41,25,000 Saajan S. Rathod ALGPR2374F 250000 41,25,000 12. Total amount forfeited (in ₹) 1,65,00,000/- 13. Any change in capital structure due to NIL forfeiture