board meeting outcome for mutual termination of internal auditor

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 SCRIP CODE: 526588 Sub: Outcome of meeting of the Board of Directors Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI LODR Regulations”) With reference to the captioned subject and pursuant to Regulation 30 of the SEBI LODR Regulations, we write to inform you that the Board of Directors of the Company has, at its meeting held today i.e. on Tuesday, July 21, 2026 at the Registered office of the Company situated at A-13, Royal Industrial Estate, Naigaon Cross Road, Wadala (West), Mumbai – 400031 inter-alia considered and approved : 1. Mutual Termination of Internal Auditor The Board has taken note of and accepted the mutual termination of the Internal Audit engagement of M/s. R. C. Jain & Associates LLP, Chartered Accountants, who were appointed as Internal Auditors of the Company. The Internal Auditors have successfully completed the Internal Audit assignment for the financial year 2025-26 and have requested discontinuation of their engagement for the remaining tenure by mutual consent. The Board noted that: • the termination shall be effective from 20 July 2026; • the termination is by mutual consent; • the termination is not on account of any dispute, disagreement or deficiency in services rendered by either party. The meeting commenced at 4:00 P.M. and concluded at 4:30P.M. Kindly take the same on the record. Thank you Yours faithfully, Thank you FOR PHOTOQUIP (INDIA) LIMITED DHAVAL SONI MANAGING DIRECTOR DIN: 00751362 DATE: 21.07.2026 PLACE: MUMBAI ANNEXURE A Disclosure as required under Regulation 30 and Schedule III of SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023 Particulars Details Name R. C. Jain & Associates LLP, Chartered Accountants Category Internal Auditor Reason for change viz. appointment, reappointment, resignation, Mutual termination of Internal Audit engagement pursuant to mutual discussions and removal, death or otherwise understanding between the Company and the Internal Auditor. Date of appointment/reappointment/cessation (as applicable) & 20 July 2026 term of appointment/ reappointment Brief profile The Internal Auditor has completed the Internal Audit for FY 2025-26 and mutually agreed to discontinue the engagement for the remaining tenure. Disclosure regarding dispute The cessation is by mutual consent and is not on account of any dispute, disagreement, difference of opinion or deficiency in services rendered by either party. Letter of Internal Auditor Enclosed. R.C. Jain Associates Chartered Accountants LLPNo.AAG-7098 INDI A 622-624, TheCorp To er la .t :e +91C -e 2n 2t -r 6e 7, 70Nirma 0l 107L /if 6e 7st 0y 8le, 10L 31BS /M 4a 7r 4g 8, 6M 1ul 6u 0n •d E-( mW ae is lt), :iM nfu om @b rca ji ain- ca4 .c0 o0 m080. Date:20hJuly,2026 TheBoard ofDirectors, Photoquip IndiaLtd, A-13,Royal Industrial Estate,Naigaon Cross Road, Wadala(West), Mumbai 400031Maharashtra, India. Subject: Mutual TerminationofInternal Audit Engagement Dear Sir/Madam, We refer to our appointment as the Internal Auditors of PhotoquipIndia Ltd for the financial years 2025-26to 2030-31. We confirm that we have successfully completed the Internal Audit assignment for the financial year 2025-26and have submitted our reports in accordance with theagreed scope of work. Further, pursuant to the mutual discussions and understanding between R.C. Jain and Associates and Photoquip India Ltd, it has been mutually agreed to discontinue and terminate the InternalAudit engagementforthe remaining period,i.e.,from thefinancial year 2026-27onwards. A o mc f uc to uthr aed lin I cng t ol e ny r sn, a el ntthi As au nd dl ie tt dte or e en sm ga nay og teb ame rie st enre ta ot we nid t ah ca ces of ufo e nu c tr t f ofo frr am o na m yl 2 dc 0 io s"n pf J ui u tm l ea y ,t ,i do i2n s0 a2 gr6o ef . emt T eh h ne i tsm ,u tt e ou r ra ml di en ft a ie t cr i im o ei n nn ca i yt sio b on y n thepartofeither party. BHOPAL-I : M-272, NearAryaSamaj Bhawan,Gautam Nagar, Bhopal -462 023 (M.P) Tel.:9425735331. E-mail: hmjainca(@rediffmail.com BHOPAL-II : Plot No.187, NearMilan Restaurant, MP Nagar,Zone-1, Bhopal -462 011 (M.P.) Tel.:8319556171. E-mail: ajaygupta.agst@gmail.com SAMBHAJI : Su-Shobha, PlotNo.7, Mitra Nagar, Behind Akashwani, Near Maratha Darbar Hotel, Sambhaji Nagar -431 001 (MHA.) NAGAR Tel.: 9922455556. E-mail: sskasliwal@gmail.com GUWAHATI :3C,Gokuldham, JP Agawala Path,Bye Lane-2, Sanitpur,Bharalumukh KamrupMetro, Guwahati -781 009 (ASS) Tel.:8276887194. E-mail: canavratan6725 @gmail.com Website :www.rcjainca.com R.C.Jain Associates CharteredAccountants Continuation Sheet......... sincerely thank the Board ofDirectors,the management,andthe staff oftheCompany for the cooperation and support extended to us during our engagement. We wish the Company continued success inall its futureendeavours. Kindly acknowledgereceipt ofthis letter and confirm acceptance of the mutual termination of ourengagement. Thankingyou. Yours faithfully, ForR.C.Jain Associates LLP Chartered Accountants FRN:103952W W100156 JAIN CA R.C.Jain Partner MembershipNo.038096 Place:Mumbai Date: 20-07-2026