Disclosure under SEBI Takeover Regulations

The Executive Director, Corporate Communications Bombay Stock Exchange Ltd., National Stock Exchange of India Ltd. P J Towers, Dalal Street, Exchange Plaza, Plot no. C/1, G Block Mumbai. Bandra-Kurla Complex, Bandra (E) Tel No: (022) 22721234 Mumbai - 400 051 Tel No: (022) 26598148 Fax No: (022) 22721278/22722039 Fax No: (022) 26598120 Stock Code: 530363 Stock Code: UGARSUGAR Dear Sir/ Madam, Target Company: THE UGAR SUGAR WORKS LIMITED [NSE Symbol: UGARSUGAR, BSE Scrip Code: 530363] Subject: Declaration under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 We, the Promoters and Promoter Group of The Ugar Sugar Works Limited ("the Company"), hereby declare in terms of Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended) that we have not made any encumbrance, directly or indirectly during the financial year ended 31st March, 2026 on the shares held by us in the Company. This is for your information and records please. Thanking You, Yours Faithfully, Chandan S. Shirgaokar For and on behalf of Promoters and Promoter Group of The Ugar Sugar Works Limited Annexure List of Promoters and Promoter Group Members of The Ugar Sugar Works Limited. Sr. Names Type (Category) 1. ANIKET JEEVAN SHIRGOANKAR Promoter 2. ANUJA JEEVAN SHIRGAONKAR Promoter 3. ARJUN NIRAJ SHIRGAOKAR Promoter 4. ASAWARI NIRAJ SHIRGAOKAR Promoter 5. AVINASH VASANTRAO SHIRGAONKAR Promoter 6. CHANDAN SANJEEV SHIRGAOKAR Promoter 7. HARSHADA AVINASH SHIRGAONKAR Promoter 8. JEEVAN VASANT SHIRGAONKAR Promoter 9. KUNDA KUMAR SHIRGAOKAR Promoter 10. LAXMI SACHIN SHIRGAOKAR Promoter 11. NIRAJ SHISHIR SHIRGAOKAR Promoter 12. RADHIKA SANJEEV SHIRGAONKAR Promoter 13. RAJENDRA VINAYAK SHIRGAOKAR Promoter 14. SACHIN RAJENDRA SHIRGAOKAR Promoter 15. SAVITA SHISHIR SHIRGAOKAR Promoter 16. SHILPA KUMAR Promoter 17. SHIRGAOKAR PRAFULLA VINAYAK Promoter 18. SHIRGAOKAR SMITA PRAFULLA Promoter 19. SHISHIR SURESH SHIRGAOKAR Promoter 20. SOHAN SANJEEV SHIRGAOKAR Promoter 21. SUKHADA AVINASH SHIRGAOKAR Promoter 22. TARINI SANAT SHIRGAOKAR Promoter 23. SHIRGAOKAR PRAFULLA VINAYAK HUF Promoter 24. SHISHIR SURESH SHIRGAOKAR HUF Promoter 25. GEETALI CHANDAN SHIRGAONKAR Promoter 26. SINDHU V DALVI Promoter Group 27. SHRADDHA DINKAR SHIRGAOKAR Promoter Group 28. RISHABH SANAT SHIRGAOKAR Promoter Group 29. REKHA RAJANIKANT KHEDEKAR Promoter Group 30. RAJEEV VIJAY DALVI Promoter Group 31. MADHAVI RAJEEV DALVI Promoter Group 32. SUMIT RAJANIKANT KHEDEKAR Promoter Group 33. PUJA HRISHIKESH PUSALKAR Promoter Group 34. DM SHIRGAONKAR ENTERPRISES Promoter Group 35. TARA TILES PVT LTD Promoter Group 36. S B RESHELLERS PRIVATE LIMITED Promoter Group 37. V S SHIRGAOKAR ENTERPRIESES Promoter Group 38. PRAFULLA SHIRGAOKAR ENTERPRISES Promoter Group 39. PRABHAKAR SHIRGAONKAR ENTERPRISES Promoter Group 40. S S SHIRGAOKAR ENTERPRISES Promoter Group 41. SANGLI FEBRICATORS LLP Promoter Group 42. SHISHIR SHIRGAOKAR ENTERPRISES Promoter Group 43. SURESH SHIRGAOKAR ENTERPRISES Promoter Group 44. SANDHYA ASHOK KUMAR GUPTA Promoter Group