Transcript of the 40th AGM of the Company held on 19th August 2026

STL/SEC/2026-2027 Manager – Department of Corporate Services Manager – Department of Corporate Services Bombay Stock Exchange Ltd., Calcutta Stock Exchange Ltd., Registered Office: Floor 25, Registered Office: 7, Lyons Range P J Towers, Dalal Street, Dalhousie, West Bengal Mumbai 400 001 Kolkata-700001 Dear Sir/Madam, Company Scrip Code: 514264 I ISIN: INE707B01010 Furnishing of Information as per the Securities & Exchange Board of India (Listing Obligation and Disclosure Requirements ) Regulations. 2015 (“Listing Regulations”) Subject: Transcript of the 40th Annual General Meeting of the Company. 1. Please find the enclosed Transcript of the 40th Annual General Meeting of the Company held on Wednesday, August 19, 2026 at 12:36 p.m. through video conferencing/ Other Audio-Visual Means. 2. This intimation is also available on the website of the Company www.seasonsworld.com under “AGM INFORMATION” section. 3.The above is for your kind reference, information and record please. Yours faithfully, For SEASONS TEXTILES LIMITED SAURABH ARORA Company Secretary and Compliance Officer Date: 21/08/2026 Place: Noida Encl: As above [00:01] Company Secretary I am Sourabh, Company Secretary of Seasons Textile Limited. I welcome all the participants in this 40th Annual General Meeting of the company. Hope you and your family are in a healthy state. 61 members have joined us in this AGM, requisite quorum being present. The meeting is therefore called to order in accordance with the provisions of the Companies Act, 2013, and circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The notice for this AGM, along with the annual audited financial statements and other reports, were sent to the shareholders through email. This year, the AGM is being organized virtually through the platform provided by Central Depository Services India Limited, as permitted. Before I request our Chairman-cum-Managing Director sir to welcome all the shareholders, directors, auditors and other participants, I would like to announce a few points. As stated in the notice of AGM, members seeking information with regard to accounts or any matter placed at the AGM were requested to write to the company. As on date, there is no such mail pending with the company which is yet to be addressed. During the AGM, the facility to pose or raise questions will be available for all participants through the query box, answers against which will be given after the speech of the Managing Director. As mentioned in the notice of this meeting, shareholders who wished to ask questions or express their views on the agenda items during the AGM could register themselves as speaker shareholders by sending a request through their registered email ID by 20th July 2026. We did receive emails for such registration and registered the same as speakers. Now I request Mr. Indrajit Singh Vadwa, our Chairman and Managing Director, sir, to take the proceedings forward. Over to you, sir. [02:17] Chairman & Managing Director Good afternoon to all. On behalf of the Board of Directors of Seasons Textile Limited, I welcome you all to the 40th Annual General Meeting of your company. This is the 40th Annual General Meeting being held through video conferencing. This AGM is held through video conferencing in compliance with the requirements of the circulars issued by the Ministry of Corporate Affairs and SEBI, as informed by the Company Secretary. The requisite quorum is present. The meeting is called to order. I would now like to introduce you to the members of your Board of Directors. We have with us Mr. [unclear], Non-Executive Independent Director, Chairman of the Audit Committee. Ms. Kavita Rani, Non-Executive Independent Director and Chairman of the Nomination and Remuneration Committee and Risk Management Committee. Mr. Manish Chandra, Non-Executive Independent Director, Chairman of Stakeholder Relationship and Grievances Committee and Share Transfer Committee. Mr. Niladri Vadwa, Whole-Time Director, Mr. Sanjay Katyal, Chief Financial Officer. Mr. [unclear], Company Secretary. We also have with us representatives of the statutory auditors and representatives of the internal auditors. I thank all the shareholders and other participants who have joined the meeting. I hope you are all in good health. The company has made necessary arrangements to ensure participation of members at this meeting through video conferencing to enable them to vote on the resolutions set forth in the notice electronically. Since the meeting is held through video conference, the facility for appointment of proxy was not applicable. Hence, the company has not provided proxy forms to its members and has not maintained a proxy register. Other applicable registers, returns and statutory documents are available for inspection as mentioned in the notice of AGM. Notice of the 40th AGM, along with reports and the standalone and consolidated financial statements of the company for the financial year 2025-26, was already sent to all the shareholders and is taken as read. A couple of ground rules for the meeting: resolutions do not need to be proposed or seconded under the new protocol. Also, e-voting was available from 16th August 2026, 10:00 a.m., until 18th August 2026, 5:00 p.m., yesterday. Many of you may have voted then. In case you have not voted, there will be a 15-minute window at the end of this meeting and you can cast your vote. In case you have already voted, do not vote twice. The results of the meeting will be declared within two working days. The statutory auditors and internal auditors have expressed unqualified opinions in their respective reports for the financial year 2025-26. Since there are no qualifications, observations or adverse comments on the financial statements and the matters which have any material bearing on the functioning of the company, the said reports are not required to be read at this meeting. Now I will be briefing the shareholders about the working of the company in the fiscal year 2025-26. During the financial year 2025-26, your company has achieved revenue from operations of ?2,338.33 lakhs, as against ?2,739.81 lakhs in the financial year 2024-25. The profit for the financial year 2025-26 is ?16.55 lakhs, as against a loss of ?33.53 lakhs in the financial year 2024-25. We will now proceed to the agenda of today's meeting. This year, we have the following ordinary and special business items to discuss. [06:47] Ordinary Business — Resolution No. 1 To receive, consider and adopt the audited financial statements of the company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and auditors thereon. [07:06] Resolution No. 2 To appoint a director in place of Mrs. Vadwa, DIN 00005911, who retires by rotation and, being eligible, offers herself for reappointment. [07:23] Special Business — Resolution No. 3 To approve the lease, sale or disposal of the undertaking of the company under Section 180(1)(a) of the Companies Act, 2013. The detailed text of the resolutions has already been circulated to all the shareholders in the notice of AGM. Some of the shareholders have registered themselves as speakers at the AGM. The speakers who have already registered themselves will be given an opportunity to speak one by one and they are requested to speak for two minutes each. Now, please speak one by one. Pervin Kumar. Mr. Pervin Kumar, unmute yourself and ask your queries. Pervin Kumar Hello, I am audible, sir. Hello, I am audible. Are you, sir? [08:28] Chairman Yes, sir, you are audible. [08:32] Pervin Kumar A very, very good afternoon to my honourable and respected Chairperson, respected Board of Directors. Myself, Pervin Kumar, and I'm joining this meeting from New Delhi. Sir, I am with the company for years now and I express my deepest respect for you, respected Chairperson. I truly salute your leadership, dedication and devotion to bring sus [Showing first 8,000 characters — download PDF for full document]