Company update - Board''s comment on SOP fine levied by the exchange.

Date: 25/08/2026 Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400 001 Script Code: 544769 Sub: Board’s comments on fine levied by the Exchange Ref: 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 Dear Sir/Madam, We hereby inform you that the Board of Directors of the Company, at its meeting held on today, August 25, 2026, took note of notice/ email dated 30/06/2026 and 16/07/2026 received from BSE, intimating the Company of non-compliance with Regulation 33 of the Listing Regulations in relation to submission of un-audited standalone/consolidated financial results for the year ended March 31, 2026 and Particulars of the fine levied as follows: Regulations Quarter/ Non-Submission/ Due Date Submission No of Fine Month Late submission Date Days Levied (In Rs) Reg-33 Mar-26 Late submission 23-06-2026 26-06-2026 3 15000 GST@18% 2700 Net Fine Payable 17,700 Board’s comments: The Board noted and placed on record that the Company was recently listed on the SME Platform of BSE on June 2, 2026. As this was the first annual financial closing after listing, these 3 days of delay was entirely unintentional, occurring due to initial administrative, procedural, and compliance system transitions customary for a newly listed entity. There was no intent on the part of the Company or its management to delay or withhold any disclosure from the Exchange or the investors. The Board has directed the management and the compliance department to further fortify internal tracking systems and reporting calendars to ensure strict and timely adherence to all regulatory compliances moving forward. Remedial action and payment of fine: (i) Audited financial results for the year ended 31st March, 2026 have since been been fully approved, finalized, and successfully uploaded to the BSE Listing Centre portal. (ii) The fine levied by the BSE has been duly remitted by the Company on August 04, 2026, via transaction bearing UTR/ Reference No. 621611895384, in favour of “BSE Limited”. (iii) The Company has reviewed and strengthened its internal compliance calendar and the supervisory mechanism thereunder to ensure that statutory timelines under the Listing Regulations. This intimation is being submitted in accordance with the directions of the Exchange to place the said non-compliance and the action taken by the Exchange before the Board, and to inform the comments of the Board to the Exchange for dissemination on its website. You are requested to take the above cited information on your records. Thanking You. For Harikanta Overseas Limited Hardik Gotawala Managing Director DIN: 8262325