as attached

SULA VINEYARDS 6th August, 2026 National Stock Exchange of India Limited BSE Limited ("BSE"), ("NSE"), Corporate Relationship Department, The Listing Department 2nd Floor, New Trading Ring, "Exchange Plaza", 5th Floor P.J. Towers, Dalal Street, Plot No. C/1, G Block, Bandra-Kurla Complex Mumbai — 400 001. Bandra (East), Mumbai — 400 051. NSE Symbol: SULA BSE Scrip Code: 543711 ISIN: INE142Q01026 ISIN: INE142Q01026 Sub: Board Comments on the fine levied by NSE and BSE for Non-Compliance of SEBI (1A)DR) Regulations, 2015. Ref: 1. NSE Letter: NSE/LIST-SOP/FINES/0678 dated 15th June, 2026 2. BSE Mail: SOP-Review-15.06.2026 dated 15th June, 2026 Dear Sir/Ma'am, We hereby inform that, as required by the Stock Exchange(s), the subject matter in respect of the alleged non-compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), on account of the prior intimation submitted for the Board Meeting held on 6th May, 2026 not including the agenda item relating to recommendation of dividend was placed before Board of Directors of the Company at its meeting held today, i.e. on 6th August, 2026. The Board of Directors discussed and took note of the matter of non-compliance. The Board's due analysis and deliberations are provided below: "The Board noted the notices dated 15th June, 2026 issued by the National Stock Exchange of India Limited and BSE Limited imposing a fine in relation to the alleged non-compliance with Regulation 29 of the SEBI Listing Regulations pertaining to the omission of the agenda item relating to recommendation of dividend from the prior intimation for the Board Meeting held on 6th May, 2026. The Company Secretary informed the Board that at the time of issuance of the prior intimation, the Company had not proposed declaration or recommendation of any dividend based on the Company's financial performance and overall financial position for FY 25-26. Accordingly, no agenda item relating to dividend formed part of the Board agenda or the prior intimation submitted to the Stock Exchanges. Inclusion of such an item in the absence of any proposal before the Board was considered inappropriate, as it could have created unwarranted market expectations regarding declaration of dividend. During the course of the Board Meeting, the Board, at its volition, proposed to consider recommendation of dividend. The matter was accordingly taken up under "Any Other Business", and upon due deliberations, the recommendation of dividend was considered and approved. The outcome of the Board Meeting, including the recommendation of dividend, was thereafter duly intimated to the Stock Exchanges. The Stock Exchanges subsequently viewed the omission of the dividend agenda item from the prior intimation as a non-compliance with Regulation 29 of the SEBI Listing Regulations. Sula Vineyards Limited (Formerly known as Sula Vineyards Private Limited) Regd. Office: 201 A, Solaris One. N. S. Phadke Marg, Andheri Mumbai — 400 0.69. Maharashtra, India Tel: +91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info@sulawines.com L15549MH2403PLC139352 Winery: Gat 3612. Govanihan village, Gangapur-Savargaion Road. Nash* 422222. Maharashtra. India Tel: +91 253 3027 77771 701 w•ww.sulavineyards.com SULA VINEYARDS The Company submitted representations to both the Stock Exchanges explaining the above circumstances and also explored the option of seeking waiver of the fine levied_ However, considering that the prescribed processing fee for filing a waiver application was equivalent to the amount of penalty payable and that no positive response was received from the Stock Exchanges on the representations submitted, the Company paid the penalty of Rs. 11,800/- (inclusive of GST) each to BSE and NSE within the prescribed timeline, without prejudice to its rights and contentions. The Board reviewed the applicable Regulation 29 of SEBI Listing Regulations and noted the action taken by the Company including the representations made to the respective Stock Exchange(s). The Board took note of the same at its Meeting held today, i.e. 6d1 August, 2026 and confirmed that the Company has duly complied with the directions contained in the aforesaid notice and that the Promoters have been informed of the identified non-compliance, and that the requisite fine amount has been remitted within the prescribed timeline. The Board further advised that, going forward, the Company shall, as a matter of abundant caution, include the agenda item 'Recommendation of Dividend, if any' in the prior intimation issued under Regulation 29 of the SEBI Listing Regulations, irrespective of whether the management proposes to recommend a dividend. The Board reaffirmed its commitment to maintaining the highest standards of corporate governance and regulatory compliance." You are requested to take the above information on your record. Thanking you, For Sula Vineyards Limited Gayathri Iyer Company Secretary and Compliance Officer Membership No: A38069 Encl: a/a Sula Vineyards Limited (Formerly known as Sula Vineyards Private Limited) Regd. Office: 201 A, Solaris One, N. S. Phadke Marg, Andheri (E), Mumbai — 400 059, Maharashtra, India Tel +91 22 6128 0606/ 607 Fax: +91 22 2684 6064 Email: info z!sulawines.00m GIN: L15549M1-12003PLC139352 Winery: Gat 3612, Govardhan Village. Gangapur-Savargaon Road, Nashik 422222, Maharashtra, India Tel: +91 253 3027 7777/ 701 WWW.Sillavineyards .c om Sula Company Secretarial From: Sula Company Secretarial Sent: 26 June 2026 17:14 To: 'bse.soplodr'; 'listing.crd@bseindia.com' Subject: Sula Vineyards Limited - Payment of Fine levied under Regulation 29(2)/29(3) of SEBI (LODR) Regulations, 2015 Attachments: BSE Penalty letter.pdf Respected Sir/Ma'am, We refer to the notice dated 15th June, 2026, imposing a fine for delay in furnishing prior intimation about the meeting of Board of Directors w.r.t. recommendation by the Board on declaration of Dividend as per the provisions of Regulation 29(2) and Regulation 29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). In response to the said notice, we had submitted a detailed representation requesting reconsideration of the penalty imposed on the Company. As we have not received any communication regarding our request, we have, without prejudice to our rights and contentions, remitted the requisite penalty amount as specified in the notice. The Davment details are set out below for your records: Scrip Symbol Regulation Bank UTR number Date of Amount TDS Net Code & Quarter Payment paid (in deducted, Amount Rs.) if any paid (in Rs.) 543711 SULA Regulation HDFCH01083064664 26-06- 11,800 -- Rs. 29(2)/29(3) 2026 11,800 & June 2026 We take note of the requirement to place the subject matter of the aforesaid before the Board of Directors of the Company at its ensuing Board Meeting, as directed by the Exchange. The comments of the Board, as required, shall be duly intimated to the Exchange after the conclusion of the said Board Meeting. Kindly take the above information on record and acknowledge receipt of the same. Thanking you. Yours faithfully, Regards Gayathri Iyer Company Secretary and Compliance Officer Sula Vineyards Limited Regd. office: 901, Solaris One, N.S. Phadke Marg, Andheri (E), Mumbai — 400069 CIN: L15549MH2003PLC139352 From: Sula Company Secretarial Sent: 17 June 2026 12:10 To: bse.soplodr <bse.soplodr@bseindia.com>; listing.crd@bseindia.com Subject: Sula Vineyards Limited - Request for Reconsideration of Fine levied under Regulation 29(2)/29(3) of SEBI (LODR) Regulations, 2015 Dear Sir/Madam, In reference to the subject matter w.r.t. to the recommendation of final dividend for FY 2025-26 by the Board of Directors of the Company at its meeting held on 6th May, 2026 and the consequent levy of fine, we hereby submit the following for your kind consideration. At the time of issuance of the prior intimation dated [Showing first 8,000 characters — download PDF for full document]