Proceedings of 53rd Annual General Meeting held on Saturday 29th August 2026

August 29, 2026 The Corporate Relationship Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code: 530615 Subject: Proceedings of the 53rd Annual General Meeting held on Saturday, 29th August, 2026. Dear Sir/Madam, Pursuant to the provisions of Regulation 30 read with Para-A of Part-A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing herewith summary of proceedings of 53rd Annual General Meeting of the Company held on Saturday, 29th September, 2026 at 1.00 p.m. at the Registered Office of the Company situated at Kanganwal Road V.P.O. Jugiana G.T. Road, Ludhiana-141120 Punjab with requisite quorum. Kindly take the same on your record. Thanking You Yours Faithfully For Garg Furnace Limited Devinder Garg Chairman and Managing Director DIN: 01665456 PROCEEDINGS OF THE 53rd ANNUAL GENERAL MEETING OF GARG FURNACE LIMITED DATE : 29th August, 2026 DAY : Saturday TIME : 01.00 P.M. VENUE : Kanganwal Road V.P.O. Jugiana G.T. Road, Ludhiana-141120 Punjab The 53rd Annual General Meeting (AGM) of the Company was held on 29th September, 2026 at 01.00 p.m. at Registered Office of the Company situated at Kanganwal Road V.P.O. Jugiana G T. Road, Ludhiana-141120 Punjab. The required quorum being present, Ms. Supreena Tagra, Company Secretary welcomed the gathering and requested Mr. Devinder Garg, Chairman and Managing Director of the Company to take the Chair. The Chairman welcomed the shareholders to the Annual General Meeting and with the permission of the shareholders present, the Notice convening the 53rd Annual General Meeting, the Directors’ Report, Audited Financial Statements for the Financial Year ended March 31, 2026 and Auditors’ Report having already been circulated, was taken as read. He then delivered his speech and also gave an overview of the financial performance of the Company for the financial Year ended March 31, 2026. Thereafter, Chairman asked the shareholders, in case they have any query/clarification on the Financial Statements or any of the aforesaid business items. The Chairman addressed the queries raised by the shareholders present. Thereafter, the Company Secretary announced that the Statutory Registers as required under the provisions of the Companies Act, 2013 and rules made thereunder are available for inspection by the Shareholders. Thereafter the following business items as set out in the Notice calling the meeting were briefed to the Shareholders one by one for their approval: - ORDINARY BUSINESS: Sr. No. Particulars Type of Resolution 1. To receive, consider and adopt the Financial Statements for the Ordinary Resolution financial year ended on 31.03.2026 and the Reports of Board of Directors and Auditors thereon. 2. To appoint Director in place of Smt. Vaneera Garg (DIN: Ordinary Resolution 01283990) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-appointment SPECIAL BUSINESS: Sr. Particulars Type of Resolution 3. Re-appointment of Cost Auditors of the Company Ordinary Resolution 4. To approve Material Related Party Transactions of the Ordinary Resolution Company 5. Issue of warrants convertible into equity shares to the Special Resolution proposed allottees, on a preferential basis Further, Company Secretary informed the members pursuant to the provisions of Section 108 of the Companies Act, 2013 read with rules made there under and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the Company had provided electronic voting facility on all resolutions as set forth in 53rd AGM notice. The remote e-voting commenced on Wednesday, 26th August, 2026 (9.00AM IST) and ends on Friday, 28th August, 2026 (5.00PM IST) and that facility of voting through ballot paper was also provided at the venue of AGM. The Company Secretary requested the members who were present at the meeting either by themselves or through their proxies, and who have not cast their vote through remote e- voting could now cast their vote at the meeting. The Company Secretary further informed that Mrs. Pooja Damir Miglani, Proprietor of M/s. PDM & Associates, Practicing Company Secretary, Ludhiana was appointed as Scrutinizer for conducting remote e-voting and voting by ballot process in a fair and transparent manner. The Chairman then asked Scrutinizer to start the poll process and the Scrutinizer showed the empty ballot box to the shareholders. Thereafter the polling process started and the members present cast their votes. After ensuring that all the members present have cast their votes, the chairman declared the closure of voting process and asked the scrutinizer to take the custody of ballot papers. The Company Secretary then invited the members to express their views, suggestion, queries or clarifications, if any on the resolutions. The Chairman responded to all the queries raised by the members. Further, it was informed that the consolidated results of voting i.e. remote e-voting and voting at the meeting through the ballot process shall be submitted subsequent to receipt of Combined Scrutinizers' Report to the BSE Limited in the format prescribed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 and will also be uploaded on the website of the Company and on the website of Central Depository Services (India) Limited (CDSL). The Meeting was concluded at 01:30 P.M. with the vote of thanks to the Chair and thanks to the Shareholders and others for attending 53rd Annual General Meeting. Consolidated Scrutinizer's Report under Regulation 44(3) of SEBI shall be submitted to the Exchange within stipulated time. Thanking You Yours Faithfully For Garg Furnace Limited Devinder Garg Chairman and Managing Director DIN: 01665456 Place: Ludhiana Date: 29.08.2026