Bord Resolution for the Buyback

August 11, 2026 BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G Block Bandra-Kurla Complex, Mumbai- 400 001 Bandra (E) Mumbai- 400 051 Scrip Code-540025 Trading Symbol-ADVENZYMES Dear Sir, Sub: Board Resolution for the Buyback Ref: ISIN: INE837H01020 Pursuant to the provisions of Regulation 5 (vii) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and in furtherance of the outcome of the Board Meeting of the Company held on August 08, 2026, please find enclosed the certified true copy of the resolution passed by the Board of Directors of the Company approving the Buyback of the Equity Shares of the Company. Thanking you, Yours faithfully, For Advanced Enzyme Technologies Limited Sanjay Basantani Company Secretary and Head – Legal Encl.: As above CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF ADVANCED ENZYME TECHNOLOGIES LIMITED HELD ON SATURDAY, AUGUST 08, 2026 Approved Buy-back of Equity Shares of the Company up to 10% of the paid up capital and free reserves of the Company, through open market route i.e. through the Stock Exchanges “RESOLVED THAT pursuant to the provisions of Article 5 of the Articles of Association of the Company and pursuant to the provisions of Sections 68, 69, 70 and all other applicable provisions, if any, of the Companies Act, 2013 read with the provisions of the Companies (Share Capital and Debentures) Rules, 2014 (as amended) (“Act”) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, ("SEBI Listing Regulations’) and in compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 read with applicable circulars and notifications, as amended (the “Buyback Regulations”), including any statutory modification(s) or re-enactment thereof, for the time being in force and, subject to such other approvals, permissions and sanctions of the Securities and Exchange Board of India ("SEBI”), Registrar of Companies (the “ROC”) and/ or other authorities, institutions or bodies (the “Appropriate Authorities”), as may be necessary/ applicable and subject to such conditions and modifications as may be prescribed by the appropriate authorities or imposed while granting such approvals, permissions, sanctions and exemptions which may be agreed to by the Board of Directors of the Company (the "Board" which expression shall include any committee constituted by the Board to exercise its powers, including the powers conferred by this resolution), approval of the Board be and is hereby accorded for the buyback by the Company of its fully paid-up equity shares having face value of ₹ 2/- (Rupees Two only) each ("Equity Shares") at a price not exceeding ₹ 500 (Rupees Five hundred only) per Equity Share ("Maximum Buyback Price”) and for an aggregate amount not exceeding ₹ 697,000,000 (Rupees Six Hundred Ninety Seven Million only) ("Maximum Buyback Size"), being 9.99% of the aggregate of the total paid-up equity share capital and free reserves of the Company based on the last audited standalone financial statements as on March 31, 2026 and 5.09% of the last audited consolidated financial statements of the Company as on March 31, 2026, and is within the statutory limit of 10% of the aggregate of the fully paid-up equity share capital and free reserves of the Company under the Board approval route under the Act and the Buyback Regulations, from the shareholders of the Company/ beneficial owners of the Equity Shares excluding Promoters, Promoter group members and Persons who are in Control of the Company, payable in cash via the "open market" route through the Stock Exchanges i.e. BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") (collectively, to be referred as “Stock Exchanges”), under the Buyback Regulations and the Act, at the Maximum Buyback Price and for the Maximum Buyback Size, the indicative maximum number of Equity Shares bought back would be 1,394,000 (One Million Three Hundred and Ninety Four Thousand) ("Maximum Buyback Shares”) which is 1.24% of the total number of the paid-up Equity Shares of the Company as on August 08, 2026 and if the Equity Shares bought back at a price below the Maximum Buyback Price, the actual number of Equity Shares could exceed the indicative Maximum Buyback Shares (assuming full deployment of Maximum Buyback Size) but will always be subject to the Maximum Buyback Size (the process hereinafter referred to as the “Buyback”). RESOLVED FURTHER THAT the number of Equity Shares bought back by the Company under the above Buyback shall not exceed 25% of the total number of Equity Shares of the Company in the financial year. RESOLVED FURTHER THAT pursuant to the provisions of Regulation 15 of the Buyback Regulations, the Company shall ensure to utilize at least 75% (Seventy Five percent) of the Buyback Size i.e. ₹ 522,750,000 (Rupees Five Hundred Twenty Two Million and Seven Hundred Fifty Thousand only) towards the Buyback (“Minimum Buyback Size”) and further ensure that at least 40% (Forty percent) of the Buyback Size i.e. ₹ 278,800,000 (Rupees Two Hundred Seventy Eight Million and Eight Hundred Thousand only) is utilized within the initial half of the Offer Period of Buyback. RESOLVED FURTHER THAT the Maximum Buyback Price represents: (i) a premium of 42.42% and 42.43% over the volume weighted average market price of the Equity Shares on BSE and NSE, respectively, for three (3) months prior to the date of intimation to BSE and NSE of the Board Meeting to consider the proposal of the Buyback, i.e. August 01, 2026; (ii) a premium of 58.95% and 58.88% over the volume weighted average market price of the Equity Shares on BSE and NSE, respectively for two (2) weeks prior to the date of intimation to BSE and NSE for the Board Meeting to consider the proposal of the Buyback. i.e. August 01, 2026; and (iii) a premium of 56.62% and 56.63% over the volume weighted average market price of the Equity Shares on BSE and NSE, respectively for one (1) month preceding prior to the date of intimation to BSE and NSE of the Board Meeting to consider the proposal of the Buyback, i.e. August 01, 2026 and (iv) a premium of 58.73% and 58.68% over the closing market price of the Equity Shares on BSE and NSE, respectively as on the trading day prior to the date of the intimation to BSE and NSE for the Board Meeting i.e. August 01, 2026. The closing market price of the Equity Shares as on trading day prior to the date of Board Meeting i.e. August 08, 2026, was ₹ 324.40 and ₹ 324.35 on BSE and NSE respectively. RESOLVED FURTHER THAT the Maximum Buyback Price has been arrived at after considering various factors, including trends in the market price of the Equity Shares on the stock exchange, the net worth of the Company and the potential impact of the Buyback on the earnings per share and other similar ratios of the Company. RESOLVED FURTHER THAT the Buyback offer shall open within four Working Days from the date of the public announcement and close within earlier of (a) sixty six Working Days from the date of the opening of the Buyback, or (b) when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size, or (c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for [Showing first 8,000 characters — download PDF for full document]