Outcome of Board Meeting

PAR/CS/NSE/2026-27/15 Date: 22/08/2026 The Manager Listing department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051 Maharashtra Subject: Outcome of the Board Meeting held on Saturday, 22nd day of August, 2026 in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015 Ref.: Symbol- PAR, ISIN: INE04LG01015 Dear Sir/Madam, The meeting of Board of Directors of the Company held on Saturday, 22nd day of August, 2026 at 4:00 PM through Video Conferencing (“VC”) mode, transacted the following businesses: Item Outcomes 1. The Board considered and decided following particulars for ensuing 27th AGM; Meeting Number: 27th Annual General Meeting Date: 26th Day of September, 2026 Day: Saturday Venue: Hotel Tara Suns, B/h Yash Complex, B/s Sonal Park, G.E.R.I. Road, Gotri, Vadodara -390021, Gujarat, India Time: 11:00 AM IST Mode: Physical Further, Board approved Notice of the 27th AGM and authorised Company Secretary to issue Notice of 27th AGM (Notice of the 27th AGM is attached as Annexure-1) 2. The Board considered and decided relevant dates w.r.t. ensuing 27th Annual General Meeting of the company; e-voting which are as under: Sr. Particulars Relevant Date 1. Cut-off/Record date: Friday, September 18, 2026 For the purpose of voting through remote e-voting, Venue voting at the time of the AGM and attending the AGM. 2. Commencement of E-voting Tuesday, 22nd September, 2026 from 09:00 A.M. IST onwards 3. End of e-voting Friday, 25th September, 2026 till 5:00 P.M. 3. Board received and considered Secretarial Audit Report on the Secretarial records of the Company for the year ended March 31, 2026 as placed before the Board and initialled by the Chairman for the purpose of identification and approved the same. Page 1 of 5 4. The Board considered and approved the Directors Report together with annexures attached thereto for the financial year ended on 31st March, 2026. The Annual report for the Financial year 2025-26 consisting Director report and other required documents will be provided in due course. 5. The Board of Directors considered and approved on the recommendation of Nomination and Remuneration Committee, to re-appoint Mr. Jignesh Vallabhbhai Savani, Director & CEO (DIN: 00198203), who is liable to be retire by rotation subject to the approval of the shareholders at ensuring Annual General Meeting. The detailed particulars required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 are given in the AGM notice as an annexure with this outcome. 6. By considering the suggestion of Nomination & Remuneration Committee and approval of Audit Committee and after due discussion, the Board considered and approved to increase remuneration payable to Mr. Falgun Vallabhbhai Savani (DIN: 00198236) as a Managing Director of the Company amounting to ₹ 64 Lakh for a period of Two (2) years commencing from 26th Day of November, 2026 to 25th Day of November, 2028 payable to him which is subject to approval of members at ensuring AGM. The detailed particulars are given in the AGM notice as an annexure with this outcome. 7. By considering the suggestion of Nomination & Remuneration Committee and approval of Audit Committee and after due discussion, the Board considered and approved to increase remuneration payable to Mr. Jignesh Vallabhbhai Savani (DIN: 00198203) as a CEO of the Company amounting to ₹ 64 Lakh for a period of Two (2) years commencing from 26th Day of November, 2026 to 25th Day of November, 2028 payable to him which is subject to approval of members at ensuring AGM. The detailed particulars are given in the AGM notice as an annexure with this outcome. 8. By considering the suggestion of Nomination & Remuneration Committee and approval of Audit Committee and after due discussion, the Board considered and approved remuneration of Rs. 24 Lakhs for the period of one year w.e.f. 1st October, 2026 to 30th September, 2027, payable to Mr. Pravin Manjibhai Bhayani (DIN: 08332851) as an Independent Director of the Company which is subject to approval of members at ensuring AGM. The detailed particulars are given in the AGM notice as an annexure with this outcome. 9. By considering the recommendation of Audit Committee and after due discussion, the Board considered and approved the appointment of M/s. Sarupria Somani & Associates, Chartered Accountants, having FRN 010674C as Statutory Auditor of the Company for the of F.Y 2026-27, having valid peer review certificate, subject to approval of members at ensuring AGM. The profile of Statutory Auditors is attached herewith (Profile of Statutory Auditor is attached as an Annexure-2) The detailed particulars required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 are not required due to re-appointment is subject to approval of Member at ensuring AGM, although detailed particulars are given in the AGM notice as an annexure with this outcome. 10. By considering the recommendation of Audit Committee and after due discussion, the Board considered and approved re-appointment of M/s. SIDDHPURA & CO, Chartered Accountants (FRN: 132821W), Bhavnagar as an Internal Auditor of the Company for the FY 2026-27. (Profile of Internal Auditors is attached as Annexure-3) The detailed particulars required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 are attached as Annexure- A 11. By considering the recommendation of Audit Committee and after due discussion, the Board considered and approved the reappointment & fix remuneration of M/s Maulin Shah & Associates, Cost Accountant (Firm Registration Number 101527) as Cost Auditor of the Company Page 2 of 5 for the of F.Y 2026-27. The remuneration is subject to ratification by members at ensuring AGM. The detailed particulars of remuneration is provided in the AGM notice annexed with this outcome. The profile of Cost Auditors with the detailed particulars required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026 are attached as Annexure- B 12. By considering the recommendation of Audit Committee the Board received, considered and approved the cost audit report for the year F.Y. 2025-26 and authorised any of the directors to file the required form with the Registrar of Companies 13. The Board has decided to appoint MUFG INTIME INDIA PRIVATE LIMITED (Erstwhile known as Link Intime India Private Limited) (“RTA” of the Company) an Agency for providing facility of e-voting for the ensuring AGM. 14. The Board decided to appoint CS Dip G. Patel, proprietor of DG Patel & Associates, Company Secretaries (FCS: 10533; COP No. 13774, Peer Review Certificate: 1839/2022) as a Scrutinizer to scrutinize the votes cast by the members through remote e-voting as well as voting during the Annual General Meeting in a fair and transparent manner. 15. The Board considered and approved the drafts of advertisements to be published in newspapers regarding AGM Notice, e-voting information and other related disclosures. The Board decided to publish the said advertisements in the Economic Times & Navgujarat Samay or as available in due course. 16. The Board granted an authority to Company Secretary of Company or any of the present Directors to certify e-Form AOC-4 XBRL, MGT-7 for the financial year ended on 31st March, 2026 and other required returns to be filed with t [Showing first 8,000 characters — download PDF for full document]