Outcome of Board Meeting

To, Date: 12th August, 2026 The Corporate Relationship Department The Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Dear Sir/Madam, SUB.: Outcome of Board Meeting. REF: Kanel Industries Limited (Scrip Code: 500236) This is to inform you that the Board of Directors of the Company in its meeting held today i.e., on Wednesday, 12th August, 2026 from 02:30 p.m. to 03:30 p.m. at the Registered Office of the Company, inter alia, has:  Considered and approved the unaudited standalone Financial Results for the Quarter ended 30th June, 2026 as per Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please take the same on your records  The Board of directors has considered and approved the appointment of Ms. Shagun Rathi as Company Secretary Compliance officer & CFO of the company w.e.f 12.08.2026  The Board of Directors has approved to Change of Designation of Mr. Keyoor Madhusudan Bakshi from CFO to CEO of the company  The Board of Directors has approved Notice and Annual Report for the F.Y. 2025-2026 of the Company. Please consider the same and take it on your records. Thanking you, Yours faithfully, FOR, KANEL INDUSTRIES LIMITED KEYOOR BAKSHI DIRECTOR DIN: 00133588 KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com “Annexure -I” Additional details as required under Regulation 30 and other relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Details Ms. Shagun Rathi Mr. Keyoor Bakshi 1 Reason for change viz. Appointed as Company Change of Designation from CFO appointment, re- Secretary & Compliance Officer to CEO appointment, resignation, & CFO of the company removal, death or otherwise 2 Date of Appointed w.e.f. 12.08.2026. Change Designation w.e.f appointment/ 12.08.2026 re-appointment/cessation (as applicable) & term of appointment/re-appointment 3 Brief Profile (Incase of Ms. Shagun Rathi, 34 years old Over 40 years’ experience in the Appointment) is company secretary by areas of Corporate Laws, Finance qualification and commerce and Management, Corporate graduate having more than 7 Governance, Corporate & years of experience. He will be Securities Compliance the company secretary and Management, Secretarial Audit, compliance officer of the Due Diligence, Mergers, Company. Acquisitions & Takeovers, Public offerings of Securities and appearances before the Company Law Board, SEBI and Securities Appellate Tribunal. 4 Disclosure of Ms. Shagun Rathi is not related Mr. Keyoor Bakshi is not related relationships between to the existing Directors of the to the existing Directors and KMP directors (in case of Company. of the Company except that he is appointment of a director) father in law of Mr. Harshit Kachchhi (Director). 5 Information as required Not Applicable. Not Applicable pursuant to BSE Circular with ref. no. LIST/COMP/14/2018- 19 KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com KANEL INDUSTRIES LTD Registered Office: 1503, WESTPORT, Sindhu Bhavan Road, Nr. S P Ring Road, Ahmedabad, Shilaj, Ahmedabad, Daskroi, Gujarat, India, 380059 CIN :L15140GJ1992PLC017024 (Rs. in Lakhs; Except Face Value of Shares and EPS) Standalone Statement of unaudited Financial Results for the Quarter Ended June 30, 2026 Sr. Quarter Ended Year to date No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 (Unaudited) (Audited) (Unaudited) (Audited) 1 Revenue from Operations - - - - 2 Other Income 0.06 0.13 0.10 3 .06 3 Total Revenue (1 + 2) 0 .06 0.13 0 .10 3 .06 4 Expenses: Cost of Materials Consumed - - - - Purchases of Stock-in-Trade - - - - Changes in inventories of finished goods work-in-progress and - - - Employee benefits expense 0.45 1.14 1.08 4 .66 Finance costs - - - - Depreciation and amortisation expense 2.35 5.27 - 10.54 Other expenses 5.82 (21.63) 6.49 22.93 Total expenses 8 .62 ( 15.22) 7 .57 3 8.12 5 Profit before exceptional and extraordinary items and tax (3 - ( 8.56) 1 5.35 ( 7.47) ( 35.06) 6 Exceptional items 7 Profit before extraordinary items and tax (5 - 6) ( 8.56) 1 5.35 ( 7.47) ( 35.06) 8 Extraordinary items 1 2.87 1 2.87 9 Profit before tax (7 - 8) ( 8.56) 2 .48 ( 7.47) ( 47.93) 10 Tax expense : (a+b+c) - - - - (a) Current tax - - - - (b) Deferred tax - - - - (c) Income Tax for earlier years - - - 11 Profit for the period from continuing operations ( 8.56) 2 .48 ( 7.47) ( 47.93) 12 Profit from discontinuing operations - - - - 13 Tax expense of discontinuing operations - - - - 14 Profit from Discontinuing operations (after tax) (12-13) - - - - 15 Profit for the period (11 + 14) ( 8.56) 2 .48 ( 7.47) ( 47.93) 16 Share of Profit of Associates Minority Interest 17 Profit for the period (15 + 16) ( 8.56) 2 .48 ( 7.47) ( 47.93) 18 Other Comprehensive Income (Net of Tax) 19 Total Comprehensive Income (After Tax) (17 + 18) ( 8.56) 2 .48 ( 7.47) ( 47.93) 20 Paid up Equity Share Capital (Face value of Rs. 10/- each) 1575.00 1575.00 1575.00 1575.00 Reserves excluding Revaluation Reserve ( 32.17) 21 Earnings per equity share: (1) Basic ( 0.05) 0 .016 ( 0.05) ( 0.30) (2) Diluted ( 0.05) 0 .016 ( 0.05) ( 0.30) 1 The financial results for the quarter ended June 30, 2026 have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as per section 133 of the Companies Act, 2013 and other applicable accounting policies and practices. 2 ThestatutoryAuditorsofthecompanyhavecarriedoutlimitedreviewoftheaboveresultsas perRegulation 33of theSEBI [Listing Obligation and Disclosure Requirements] Regulations, 2015. 3 EarningspershareforthequarterendedhasbeencalculatedasperweightedaverageformulaanddilutedEarningspershare has been calculated as required. 4 TheabovefinancialresultswerereviewedbytheAuditCommitteeandthereafterapprovedbytheBoardofDirectorsattheir meeting held on August 12, 2026. For, KANEL INDUSTRIES LTD Date: 12.08.2026 Place: Ahmedabad KEYOOR MADHUSUDAN BAKSHI DIRECTOR DIN.: 00133588