Forfeiture

Date: 21.08.2026 To To The Manager-Listing The Manager-Listing National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, C-1, Block G, Phirozee Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai-400051 Mumbai-400051 NSE Symbol: AVROIND BSE Scrip Code: 543512 RE: Disclosure under Regulation 30 read with Schedule III to the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). Subject: Intimation of Lapse and Forfeiture of 3,23,450 Convertible Warrants issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). Dear Sir/Madam, Pursuant to Reg. 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance of the earlier intimation given by the Company on February 11, 2025, wherein we had informed you that the Company had approved the allotment of 3,23,450 convertible warrants to promoter group on preferential basis, for an issue price of ₹185.50/- per warrant for an amount aggregating to ₹ 5,99,99,975. In accordance with the terms of issue and Regulation 162 of the SEBI ICDR Regulations, 25% of the issue price was received upfront as the initial subscription amount at the time of allotment and the balance 75% was payable at the time of exercise of warrants within a period of 18 months from the date of allotment, i.e., on or before 10th August, 2026. Since, the Company has not received the balance 75% consideration from the warrant holder within the stipulated timeline, accordingly, the outstanding warrants have lapsed upon expiry of the exercise period, i.e., on 10th August, 2026. Consequently, with effect from 11th August, 2026, the upfront subscription amount received at the time of allotment, being 25% of the issue price, amounting to ₹1,49,99,993.75/- stands forfeited, in line with Regulation 169(3) of Chapter V of the SEBI ICDR Regulations. This is further to inform you that, consequent to the lapse of the aforesaid warrants, the warrant holders shall cease to have any rights or entitlement to seek conversion into equity shares of the Company. There will be no change in the paid-up share capital of the Company, and the amount forfeited pursuant to such lapse shall be retained by the Company and accounted for in accordance with the applicable accounting standards. This matter will be taken up at the forth coming meeting of Board of Directors and necessary resolution will be passed in this regard. The details of the allottee who has not exercised the option for conversion of said warrants into equity shares are provided in Annexure A. This is for your information and records. Yours Faithfully, For Avro India Limited Sumit Bansal Company Secretary & Compliance Officer Membership No. A42433 Encl: As above Annexure-A S.No. Particulars Details 1. Type of Securities Convertible warrants 2. Type of issuance Preferential Allotment 3. Total number of warrants originally allotted 3,23,450 4. Issue price per warrant 185.50/- 5. Date of Allotment 11-02-2025 6. Tenure 18 months 7. Number of warrants exercised Nil 8. Number of warrants lapsed 3,23,450 9. Number or warrant holders whose warrants have 1 lapsed 10. Amount forfeited 1,49,99,9993.75 11. Any change in capital structure Nil