Enclosed herewth Intimation regarding Appointment of Statutory Auditors and Proposal for Alteration of Main Object Clause of the Company by Addition of New Object in the Memorandum of Association ....

KATARE SPINNING MILLS LIMITED "KATARE COMPLEX" , 14/30, RAVIWAR PETH, 2 WING, GROUND FLOOR, GANDHI NAGAR, AKKALKOT ROAD, SOLAPUR- 413 005 MILL - "KAMALA NAGAR", TAMALWADI. Tal. TULJAPUR. OFFICE : 0217-2376555 Email : katarespinningmills@gmail.com CIN : L17119PN1980PLC022962 Ref No. KSM- 32/ 2026-27 21stAugust, 2026 The Manager-Compliance Department, Bombay Stock exchange Ltd., Floor No. 25, P. J. Towers, Dalal Street,” Mumbai- 400 001 BSE Scrip Code: 502933 Sub: Intimation regarding Appointment of Statutory Auditors and Proposal for Alteration of Main Object Clause of the Company by Addition of New Object in the Memorandum of Association pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Outcome of Board Meeting held today i.e., Friday, 21st August, 2026 Dcar Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you that the Board of Dircctors of the Company, at its meeting held today i.e. Friday, 21st August, 2026, at the Registered Office of the Company, which commenced at 04:00 P.M. and concluded at 05:15 P.M., inter alia considered and approved the following matters: 01. Appointment of Statutory Auditor to fill Casual Vacancy and proposed appointment for a further term of five years; This is with reference to the Company's earlier intimation dated 13t%August, 2026 regarding the resignation of the existing Statutory Auditors, M/s. G M Pawle and Associates, Chartered Accountants (Firm Registration No. 160253W and Membership No. 032561). In this regard, we hereby inform you that, based on the recommendation of the Audit Committee, the Board of Directors, at its meeting held today i.e. 21%tAugust, 2026, has approved the appointment of M/s. HiremathPatilUdgiri and Associates, Chartered Accountants (Firm Registration No. 129856W, Membership No. 131259 and Peer Review No. 024697) as the Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. G M Pawle and Associates, Chartered Accountants, subject to the approval of the members of the Company at the ensuing Annual General Mceting (“AGM”). M/s. Hircmath Patil Udgiri and Associates, Chartered Accountants, shall hold office as Statutory Auditors of the Company from the date of their appointment by the Board until the conclusion of the ensuing AGM. ’ ' ' KKATARE SPINNING MILLS LIMITED "KATARE COMPLEX" , 14/30, RAVIWAR PETH, 2 WING, GROUND FLOOR, GANDHI NAGAR, AKKALKOT ROAD, SOLAPUR- 413 005 MILL - "KAMALA NAGAR", TAMALWADI. Tal. TULJAPUR. OFFICE : 0217-2376555 Emalil : katarespinningmills@gmail.com CIN : L17119PN1980PLC022962 Further, basced on the recommendation of the Audit Committee, the Boardl of Dircctors has also approved, subject to the approval of the members at the ensuing AGM, the appointment of M/s. Hircmath Patil Udgiri and Associates, Cha.rtcrf:d Accountants, as Statutory Auditors of the Company for a tcrm of five consccutive ycars, commencing from the conclusion of the ensuing 46t"AGM to be held in the ycar 2026 until the conclusion of the 51stAnnual General Meeting of the Company to be held in the year 2031. The requisite details as prescribed ynder Regulation 30 of the SEBI Listing Regulations rcad with the applicable provisions of the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026 are cnclosed herewith as Annexure - 1. 02. Proposal for Alteration of Main Object Clause of the Memorandum of Association; The Board of Directors has considered and approved the proposal for alteration of the Main Object Clause of the Memorandum of Association (“MOA”) of the Company by insertion/addition ofa new Main Object, subject to the approval of the members of thec Company at the ensuing general meeting. The proposcd alteration is intended to cnable the Company to undertake and cxpand its business activitics in the proposed arca of business and to facilitate future growth and diversification of the Company. The details regarding the proposed alteration of the Main Object Clause of the MOA, as required under Regulation 30 read with Schedule III of the SEBI Listing Regulations and the applicable SEBI Master Circular, are enclosed herewith as Annexure - II. The above information is being submitted phrsuant to Regulation 30 of the SEBI Listing Regulations read with Schedule III thereto and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026. You are requested to take the above information on record. SPINNING MILLS KISHORE KATARE Managing Director (DIN: 00645013) Add: 14 /30 Ground Floor, B Wing, Katgre complex, Gandhinagar, Bl. No. 10 Solapur 413006 Encl: As above Annexure - I Information as required under Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/1/3762/2026 dated 30 January 2026. Appointment of Statutory Auditor:- Particulars Details 1 Name of the Company KATARE SPINNING MILLS LIMITED 2 Name of the Statutory M/s. Hiremath Patil Udgiri and Associates Auditor (Firm Registration No.: 129856W/ M. No. 131259, Peer Review No. 024697) Reason for change viz. Appointment of M/s. Hiremath Patil Udgiri appointment, and Associates (Firm Registration No.: reappeintiment; 129856W/M. No. 131259 peer Review No. resignation; removal; 024697) as the Statutory Auditors of the death-or-otherwise Company to fill the casual vacancy caused due to the resignation of M/s. G M Pawle and Associates, Chartered Accountants (Firm Registration No.: 160253W and M. No. 032561). Further, the appointment of M/s. Hiremath Patil Udgiri and Associates, Chartered Accountants as the Statutory Auditors of the Company for a term of 5 (five) consecutive years commencing from the conclusion of the ensuing AGM of the Company. Date of appointment/re- The Board of Directors approved the appointinent/-eessation appointment of the Statutory Auditors to fill {as-applieable} and term casual vacancy effective from 21stAugust, of appointment/re- 2026 till the conclusion of ensuing AGM appointment subject to approval of the shareholders. Further, Board of Directors approved the appointment of the, Statutory Auditors to hold office for a period of 5 (five) consccutive years commencing from the conclusion of the ensuing 46"AGM to be held in the year 2026 until the conclusion of the 51t AGM of the Company to be held in the year 2031, subject to approval of the sharcholders. Brief profile (in case of M/s. Hiremath Patil Udgiri and Associates, appointment) having a Firm Registration No. 129856W/M. No. 131259/ Pcer Review No. 024697, is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. The Firm was cstablished in the year 11/09/2006. The registered office of the Firm is at 208, 1st Floor, Hall No. 101, Prime Residency Apartment, Near Old Siddeshwar Temple, Sakhar Peth, Solapur — 413005 The Firm is primarily engaged in providing assurance and auditing scrvices to its clients. The Firm has 3 Partners as of 01stJuly, 2026. It has a valid pcer review certificate and audits various Private and Public companies in India. Disclosure of Not applicable relationships between directors (in case of appointment of a director). Annexure - II Brief details about the proposed alteration in the object clause of the Company;- The Board of Directors of the Company, at its mecting held on Friday, 215t August, 2026, has considered and approved, subject to the approval of the members of the Company, the proposal for alteration of the Main Object Clause of the Mcmorandum of Association (“MOA”) of the Company by insertion of additional Main Object(s), to enable the Company to diversify and expand its business activities into the field of Battery Energy Storage Systems (“BESS”) and related cnergy storage solutions. The proposcd additio [Showing first 8,000 characters — download PDF for full document]