Outcome of Board Meeting

KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus, Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: +918779558264, Website: www.krishival.com, Email: cs@krishival.com August 26, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Bandra Phiroze Jeejeebhoy Towers, Dalal Street, (E), Mumbai-400051 Mumbai - 400 001 NSE Symbol: KRISHIVAL BSE Scrip Code: 544416 Subject: Outcome of Board meeting Dear Sir / Madam, This is to inform you that the Board of Directors of Krishival Foods Limited (“Company”), at its meeting held on Wednesday, August 26, 2026, inter alia, considered and approved the partial utilisation of funds received from the proceeds of the Rights Issue towards investment in ice cream division by way of acquisition of additional equity shares of Melt ‘N’ Mellow Foods Private Limited, a subsidiary of the Company The Company has approved acquisition of additional equity shares of Melt ‘N’ Mellow Foods Private Limited, thereby increasing its shareholding from the existing 52.94% to 54.90% of the total paid-up equity share capital of Melt ‘N’ Mellow Foods Private Limited The proposed acquisition of additional equity shares is expected to be completed on or before September 30, 2026, subject to completion of the necessary formalities and applicable approvals. The details required under Regulation 30 of SEBI LODR Regulations read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure I. Further, pursuant to Regulation 30(8) of the SEBI LODR Regulations the enclosed disclosures is also made available on the Company's website The meeting commenced at 04:00 P.M. and concluded at 04.30 P.M. You are requested to take note of the same. Thanking You, Yours faithfully, KRISHIVAL FOODS LIMITED Rahul Gawande Company Secretary and Compliance Officer KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus, Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: +918779558264, Website: www.krishival.com, Email: cs@krishival.com Annexure I Sr. No Particular a. Name and details of the target entity Melt ‘N ’Mellow Foods Private Limited (subsidiary of Krishival Foods Limited) b. Whether the acquisition would fall Melt ‘N’ Mellow Foods Private Limited is an within related party transaction(s) and existing subsidiary of the Company and whether the promoter/ promoter accordingly is a related party. The group/ group companies have any transaction involves acquisition of interest in the entity being acquired additional equity shares, including conversion of existing loan into equity If yes, nature of interest and details shares. The transaction shall be thereof and whether the same is done undertaken in compliance with the at “arm’s length applicable provisions and on an arm’s length basis. c. Industry to which the entity being Ice cream, milk products and bakery acquired belongs products d. Objects and impact of acquisition The proposed acquisition/subscription of (including but not limited to, disclosure additional equity shares is intended to of reasons for acquisition of target increase the Company’s existing entity, if its business is outside the main shareholding in its subsidiary, Melt ‘N’ line of business of the listed entity); Mellow Foods Private Limited, from 52.94% to 54.90%. The investment is expected to strengthen the Company’s presence in the food products segment and enable greater operational, sales and distribution synergies between the businesses. e. Brief details of any governmental or None regulatory approvals required for the acquisition; f. Indicative time period for completion The acquisition/subscription of additional of the transaction equity shares, resulting in an increase in shareholding from 52.94% to 54.90%, is expected to be completed on or before September 30, 2026, subject to completion of necessary formalities. g. Consideration - whether cash The consideration shall comprise cash consideration or share swap or any subscription out of the proceeds of the other form and details of the same Rights Issue and conversion of the existing loan extended by the Company to Melt ‘N’ Mellow Foods Private Limited into equity shares. KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus, Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: +918779558264, Website: www.krishival.com, Email: cs@krishival.com h. Cost of acquisition or the price at which The Company proposes to invest/acquire the shares are acquired additional equity shares of Melt ‘N’ Mellow Foods Private Limited for an aggregate consideration of up to Rs. 35 Crore, through utilisation of proceeds of the Rights Issue and conversion of the existing loan into equity shares, at such price as may be determined in accordance with applicable laws. i. Percentage of shareholding / control The Company’s shareholding in Melt ‘N’ acquired and / or number of shares Mellow Foods Private Limited shall acquired increase from the existing 52.94% to 54.90% of its total paid-up equity share capital, pursuant to subscription/acquisition of additional equity shares, including shares issued upon conversion of the existing loan into equity. j. Brief background about the entity Melt ‘N’ Mellow Foods Private Limited, a acquired in terms of products/line of company registered under the Companies business acquired, date of Act 2013 in the year 2019 and is into the incorporation, history of last 3 years business of ice cream, milk products and turnover, country in which the bakery products in India. acquired entity has presence and any other significant information (in brief); Details of Turnover (in Lakh): Year Turnover (Audited) 2025-26 Rs. 90,22,03,793/- 2024-25 Rs. 49,93,62,931/- 2023-24 Rs. 37,28,05,408/-