Outcome of 39th Annual General Meeting, Voting Results and Scrutinizer Report of the Company

21 July 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 524669 Symbol: HESTERBIO Dear Sir/Madam: Subject: Outcome of 39th Annual General Meeting, Voting Results and Scrutiniser Report This is in reference to our letter dated 18 June 2026 and 8 July 2026, the 39th Annual General Meeting (AGM) was held on Tuesday, 21 July 2026 through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), commenced at 10:32 a.m. and concluded at 11:08 a.m., in accordance with the circular(s) issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India and the businesses transacted at the Annual General Meeting mentioned in the Notice dated 15 May 2026. All the resolutions placed before the members for their approval have been passed with the requisite majority via electronic voting as per the scrutiniser’s report dated 21 July 2026. We attach herewith: 1. Proceedings of the 39th Annual General Meeting of the Company 2. Voting results of 39th Annual General Meeting of the Company 3. Scrutiniser’s Report on of 39th Annual General Meeting held on 21 July 2026 Please make a note of this on your record. Sincerely, For Hester Biosciences Limited Vinod Mali Company Secretary & Compliance Officer ACS 50908 Enclosure: As above PROCEEDINGS OF 39TH ANNUAL GENERAL MEETING HELD ON TUESDAY, 21 JULY 2026 VIA VIDEO CONFERENCING (“VC”) / OTHER AUDIO VISUAL MEANS (“OAVM”), WHICH COMMENCED AT 10:32 A.M. (IST) AND CONCLUDED AT 11:08 A.M. (IST) Following Directors / Key Managerial Personnels / Auditors of the Company attended the AGM through VC / OAVM: 1. Dr. Bhupendra Gandhi Chairman 2. Mr. Rajiv Gandhi CEO & Managing Director 3. Ms. Priya Gandhi Executive Director 4. Mr. Sanjiv Gandhi Director 5. Mr. Ashok Bhadakal Independent Director and Chairman of Audit Committee & Nomination and Remuneration Committee) 6. Ms. Sandhya Patel Independent Director and Chairperson of Stakeholder's Grievances and Relationship Committee) 7. Mr. Anil Jain Independent Director 8. Mr. Jatin Trivedi Independent Director 9. Mr. Ashis Desai Chief Financial Officer 10. Mr. Vinod Mali Company Secretary 11. Mr. Irshad Mansuri Partner - Chandulal M Shah & Co., Statutory Auditor 12. Mr. Tapan Shah Partner - Shah & Shah Associates, Secretarial Auditor The 39th Annual General Meeting of the Members of the Company was held on Tuesday, 21 July 2026 at 10:32 a.m. (IST) via Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). Members Attendance Representations and attendances under the Companies Act, 2013, ("the Act") for a total of 4,796,189 shares aggregating to 56.38% of the total paid-up equity share capital were received. 59 members attended the meeting via Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). Dr. Bhupendra Gandhi, Chairman of the Company took the Chair and welcomed all the Directors, KMPs, Members and other invitees present at the 39th Annual General Meeting. The Chairman after ascertaining the quorum and declare that the required quorum is present at this meeting. Therefore, he called the meeting to order. He further informed the members that the documents which are statutorily required to be kept open were available electronically for inspection by the members during the AGM. The Chairman requested the Company Secretary to take forward the proceedings of Annual General Meeting further. Mr. Vinod Mali, Company Secretary of the Company, introduced all the Directors and KMPs present at the meeting via Video Conferencing/Other Audio-Visual Means. Furthermore, he has been informed that Mr. Ameet Desai, Independent Director of the Company, is unable to attend the meeting. He acknowledged the presence of Mr. Irshard Mansuri, Partner representing Chandulal M Shah & Co., Chartered Accountants, Statutory Auditors and Mr. Tapan Shah, Partner representing Shah & Shah Associates, Secretarial Auditors and Scrutiniser of the Annual General. Before taking up the agenda items, he has brought a few important points to the attention of the members. Further, with the permission of the members, on behalf of the chairman, the Company Secretary declared that the Notice convening the 39th Annual General Meeting and the Annual Report of the Company for the financial year ended 31 March 2026, were taken as read as the same were already circulated to the members. The Statutory Auditor’s and Secretarial Auditor’s report contain no qualifications/adverse remarks. After that, Mr. Rajiv Gandhi, CEO & Managing Director of the Company, greeted and addressed the members at the meeting. He briefed the members about the overall developments and handed over to Ms. Priya Gandhi, Executive Director of the Company, to address the Members on business performance, financial highlights of the Company including the subsidiaries and other major developments during the financial year ended 31 March 2026. On conclusion of the addresses, Mr. Vinod Mali, Company Secretary, on behalf of the Chairman, informed the members the following: a) The remote e-voting period, which had commenced on Saturday, 18 July 2026 at 9:00 a.m. (IST) and ended on Monday, 20 July 2026 at 5:00 p.m. (IST); b) The Company has provided a facility for the members to cast their votes electronically during the AGM on all resolutions set forth in the Notice convening the 39th Annual General Meeting of the Company. c) Members who had not cast their votes through the remote e-voting platform were provided with an opportunity to cast their votes, electronically during the AGM. d) Pursuant to Section 109 of the Companies Act, 2013, the Company has appointed Mr. Tapan Shah, Practicing Company Secretary, as scrutinizer to conduct the process in affair and transparent manner. Thereafter, the following resolutions, as set out in the notice convening the AGM, were carried out at the meeting by the members: Ordinary Business 1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended on 31 March 2026 and the reports of the Board of Directors and Auditors thereon - Ordinary Resolution 2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended on 31 March 2026 and the reports of the Auditors thereon - Ordinary Resolution 3. To declare a dividend on equity shares for the financial year ended 31 March 2026 - Ordinary Resolution 4. To re-appoint Mr. Sanjiv Gandhi (DIN: 00024548), who retires by rotation as a Director - Ordinary Resolution Special Business 5. To ratify the remuneration of Cost Auditors for the financial year ending 31 March 2027 - Ordinary Resolution 6. Re-appointment of Ms. Priya Gandhi as Executive Director of the Company – Special Resolution The Company Secretary informed the members that the result will be declared upon receipt of consolidated scrutiniser's report within statutory time period. He further informed that the results shall also be uploaded on the Company's website www.hester.in together with the consolidated report of the Scrutinizer and shall be available at the Registered Office of the Company. The members who have registered as a speaker at this meeting had asked various questions and the management has responded on the questions/ queries to their satisfaction. With the permission of the Chairman, Company Secretary has announced formal closure of the 39th Annual General Meeting of the Company. The 39th Annual General Meeting commenced at 10:32 a.m. (IST) and concluded at 11:08 a.m. (IST). Sincerely, For Hester Biosciences Limited Vinod Mali Company Secretary & Compliance Officer ACS 50908 DECLARATION OF CONSOLIDATED RESULTS OF REMOTE E-VOTING AND E-VOTING DURING THE 39TH ANNUAL GENERAL MEETING OF HESTER BIOSCIENCES LIMITED Pursuant to the provisions of section 108 and 109 of the Companies Act, 2013 (“the Act”) read [Showing first 8,000 characters — download PDF for full document]