Outcome of Board Meeting

LeMerite LE MERITE EXPORTS LIMITED (CIN: L17111MH2003PLC143645) Registered Office: A-307, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai 400 072, Maharashtra Tel: +91 22 45963506, Website: www.lemeriteexports.com E-mail: compliance @lemeriteexports.com August 14, 2026 National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Bandra (E), Mumbai — 400051. SYMBOL: LEMERITE Dear Sir /Ma’am, Sub: Outcome of Board Meeting held today i.e. Friday, August 14, 2026. With reference to the captioned subject matter, we would like to inform that the Board of Directors of the Company at its meeting held today i.e. Friday, August 14, 2026 has inter alia considered and approved the following: 1. Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended on June 30, 2026, along with the limited review reports of Auditor’s thereon pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”). The copy of the said financial results along with the limited review reports of Auditor’s and the press communication are enclosed herewith. 2. Appointment of Ms. Kusum Naruka (DIN: 10679553) as Additional Director (Non- Executive, Independent Director) of the Company w.e.f., 14t August, 2026 for a term of 5 years subject to the approval of the shareholder at the ensuing General Meeting of the Company. 3. Resignation of Mr. Rohit Agarwal (DIN: 01924587) Independent Director of the Company with effect from 14t August, 2026. The Company has received confirmation from Mr. Rohit Agarwal that there are no material reasons for his resignation other than those, mentioned in his resignation letter dated 14t» August, 2026. A copy of the resignation letter as received from Mr. Rohit Agarwal is enclosed as herewith. The details as required under SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/1/3762/2026 dated January 30, 2026 are also annexed herewith. The Meeting of the Board of Directors of the Company commenced at 01:00 p.m. and concluded at 01:50 p.m. LeMerite LE MERITE EXPORTS LIMITED (CIN: L17111MH2003PLC143645) Registered Office: A-307, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai 400 072, Maharashtra Tel: +91 22 45963506, Website: www.lemeriteexports.com E-mail: compliance @lemeriteexports.com You are requested to take the same on your record. Thanking you, Yours Faithfully, For Le Merite Exports Limited Arpit Sharma Company Secretary and Compliance Officer M. No.: A71673 LeMerite LE MERITE EXPORTS LIMITED (CIN: L17111MH2003PLC143645) Registered Office: A-307, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai 400 072, Maharashtra Tel: +91 22 45963506, Website: www.lemeriteexports.com E-mail: compliance @lemeriteexports.com Disclosure pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with read with SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/1/3762/2026 dated January 30, 2026. Sr | Particulars Details for point 2 Details for point 3 1 |Reason for change viz. | Appointment of Ms. Kusum Naruka | Resignation of Mr. Rohit appointment, re-appointment, | (DIN: 10679553) as Additional | Agarwal, Independent Director resignation, removal, death or | Director (Non-Executive, | of the Company due to otherwise Independent Director) of the | personal and professional Company. engagements. 2 |Date of appointment / |For a term of five years with effect | with effect from close of reappointment / cessation (as | from August 14, 2026, subject to the | business hours on August 14, applicable) & term of | approval of shareholders. 2026. appointment / re-appointment 3 | Brief profile (in case of | Ms. Kusum Naruka is a member of | Not Applicable appointment) the Institute of Company Secretaries of India (ICSI) and has 3 years of professional experience in corporate and secretarial services . She holds a Bachelor’s degree Commerce (B.Com.). She has experience in handling corporate secretarial matters, documentation, statutory compliance, and related corporate affairs. Her professional background reflects strong organizational, analytical, and coordination skills, with a sound understanding of corporate and secretarial practices. 4 | Disclosure of Relationship | Ms. Kusum Naruka has no | Not Applicable between Directors (in case of | relationship with any member of the appointment as a director) Board of Directors. 5 | Information as required | Ms. Kusum Naruka is not debarred | Not Applicable pursuant to NSE ref. no. | from holding the office of director by NSE/ML/2018/24 dated June | virtue of any SEBI order or any other 20, 2018, regarding the | such authority. director not being debarred from holding the office by virtue of any SEBI order or any other such authority. 6 | Names of listed entities in | Not Applicable Nil which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any. Nfll QIFY27 Le Merite’ Une Margue Riche en Qualié LE MERITE EXPORTS LIMITED DELIVERS POSITIVE UNDERLYING PROFITABILITY IN Q1 FY27; REPORTED LOSS PRIMARILY DUE TO 21,106.41 LAKH UNREALISED FVTPL FAIR-VALUE IMPACT Underlying PBT of 2596.22 lakh and Adjusted PAT of 2496.50 lakh before unrealised FVTPL fair-value movement The Company delivered positive underlying profitability in Q1 FY27, with Profit Before Tax of 596.22 lakh before the impact of unredlised fair-value movements on investments classified as Fair Value Through Profit or Loss (FVTPL). The reported loss under Ind AS is primarily attributable to an unrealised fair-value loss of 1106.41 lakh recognised on FVTPLinvestments in accordance with Ind AS 109 - Financial Instruments. Q1FY27 FINANCIAL PERFORMANCE — CLEAR RECONCILIATION 2 IN LAKH Particulars QIFY27 Revenue from Operations 8,975.44 Add: Other Income 61293 Total Income 9588.37 Less: Operating & Other Expenses 899152 Profit Before FVTPL Fair-Value Movement 506.22 Less: Unreallised Fair-Value Loss on FVTPL Investments (1,106.41) Reported Profit/(Loss) Before Tax under Ind AS (510.19) Less: Tax Expense / Tax Impact (84.43) Reported Profit/(Loss) After Tax under Ind AS (42576) Add: Unrealised FVTPL Fair-Value Loss 1106.41 Less: Related Deferred Tax Effect on FVTPL (18418) Adjusted Profit After Tax before Unrealised FVTPL Fair-Value Movement 496.50 Strong Operating Performance Despite Market-Linked Accounting Impact The Company's 596.22 lakh profit before tax, excluding the unrealised FVTPL fair-value movement, demonstrates the positive underlying profitability generated during the quarter. The reported Ind AS loss of 51019 lakh at the PBT level should be understood in the context of the 21106.411akh unrealised fair-value loss recognised on FVTPLinvestments. This fair-value movement: . is unredlised as at 30 June 2026; . arises from changes in market valuations of investments at the reporting date; . does not represent an operating cash outflow during the quarter; . does not arise from the Company's operating activities; and . may reverse in future reporting periods depending upon market movements. Ind AS 109 Requirement Under Ind AS 109 - Financial Instruments, investments classified as FVTPL are required to be measured at fair value at each reporting date, with the resulting fair-value gain or loss recognised in the Statement of Profit and Loss. Accordingly, the 21106.411akh loss has been recognised in the current quarter even though the underlying investments have not necessarily been sold and the fair-value movement has not resulted in a corresponding cash outflow. The Company has provided this reconciliation as an additional analytical disclosure to enable investors to distinguish the underlying performance of the business from the market-driven, unrealised fair-value movement on FVTPL investments. The disclosure is supplementary and should be read together with the financial results prepared in accordance with Ind AS. MANAGEMEN [Showing first 8,000 characters — download PDF for full document]