Annual Report of Kanel Industries Limited

To, Date: August 31, 2026 Department of Corporate Services Bombay Stock Exchange Limited 25th Floor, P. J. Tower, Dalal Street, Fort, Mumbai- 400 001. Dear Sir/Madam, Sub: Notice of 34th Annual General Meeting (“AGM”) along with Integrated Annual Report of the Company for FY 2025-26. Ref: Kanel Industries Limited (Scrip Code: 500236) We would like to inform that 34th AGM of the Members of the Company is scheduled to be held on Wednesday 30th September, 2026 at 11:00 a.m. IST through Video Conferencing / Other Audio- Visual Means in terms of applicable circulars issued by the Ministry of Corporate Affairs and by Securities and Exchange Board of India (“SEBI”), to transact the businesses, as set out in the Notice of AGM. Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Notice of AGM along with Integrated Annual Report for FY 2025-26, which is being sent to all the Members of the Company whose E-mail IDs are registered with the Company / Registrar and Transfer Agent / Depository Participant(s). The Members whose E-mail IDs are not registered, a letter providing a web-link and path for accessing Notice of the AGM and Integrated Annual Report for FY 2025-26 is being sent. Further, the Company is pleased to provide e-voting facility through Purva Sharegistry (India) Pvt. Ltd to the Members holding shares in physical or in dematerialised form, as on cut-off date i.e. Wednesday September 23, 2026to cast their votes by using remote e-voting and e-voting during the AGM on the resolutions as set forth in the Notice of AGM. Please take the same on your records. Thanking You, FOR, KANEL INDUSTRIES LIMITED KEYOOR BAKSHI DIRECTOR DIN: 00133588 KANEL INDUSTRIES LTD. Regd. Office: 1503, West Port, Sindhu Bhavan Road, Near S.P. Ring Road, Ahmedabad: 380059, Gujarat. CIN: L43299GJ1992PLC017024 | Phone: +91-6354437779 | Email: ardent.ind99@gmail.com BOARD OF DIRECTORS: Shri Keyoor Bakshi Shri Harshit Kachchhi Shri Pooja Khakhi Shri Bhavin Mehta Executive Director & CEO Non-Executive Director Independent Woman Director Independent Director COMPANY SECRETARY BANKERS OF THE COMPANY: STATUTORY AUDITORS: SECRETARIAL AUDITOR: M/s. N.S. Nanavati & Co. M/s. Malay Desai & Associates Shagun Rathi IndusInd Bank Ltd. Chartered Accountants, Practicing Company Secretary Ahmedabad. Ahmedabad. ADDITIONAL INFORMATION LISTING AT: REGD. OFFICE: REGISTRAR & SHARE TRANSFER AGENT: 1503, Westport, Nr. S.P Ring Road, Purva Sharegistry (India) Pvt. Ltd Sindhubhavan Road, Ahmedabad -380059. The Bombay Stock Exchange Unit no. 9 Shiv Shakti Ind. Estt, J. R. Boricha Marg, CIN: L15140GJ1992PLC017024 Ltd. Mumbai. Lower Parel (E), Mumbai, Maharashtra, 400011. E-mail: ardent.ind99@gmail.com E-mail: support@purvashare.com Website: www.kanel.in NOTICE NOTICE is hereby given that the 34th Annual General Meeting of the Members of KANEL INDUSTRIES LIMITED will be held on Wednesday 30th September, 2026 at 11:00 a.m. through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM") to transact the following business: ORDINARY BUSINESS: 1) To Receive, Consider, Approve and Adopt the Audited Statement of Accounts i.e. The Audited Balance Sheet as at 31st March, 2026, the Profit & Loss Account for the year ended on that date, the report of the Auditors and Directors thereon. "RESOLVED THAT the audited standalone financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon, as circulated to the Members, be and are hereby considered and adopted." SPECIAL BUSINESS: 2) To regularize appointment Ms. Pooja Khakhi (DIN: 07522176) as Independent Non Executive Director of the Company, to consider and if thought fit, to pass the following special business as an ordinary resolution: "RESOLVED THAT in accordance with the provisions of Section 149, 150 and 152 and other applicable provisions of the Companies Act, 2013, Articles of Association of the Company and rules made thereunder, read with Schedule IV of the Act (including any statutory modification(s) or reenactment(s) thereof, for the time being in force), Ms. Pooja Khakhi (DIN: 07522176), who was appointed as an Additional Director of the company with effect from 30th July, 2026 and who has submitted the declaration that he meets the criteria for Independence as provided under the Act and the Listing Regulations, his appointment be and is hereby confirmed as an Independent Director of the Company pursuant to regulation 17(1C) of SEBI (LODR) Regulations 2015 and section 161 of the Companies Act 2013 to hold office for a term of up to 5 (five) years with effect from 30th July, 2026." Registered Office: By order of the Board, 1503, Westport, Sindhubhavan Road, Nr. S.P. For, Kanel Industries Limited Ring Road, Ahmedabad-380059, Gujarat. Sd/- Date: August 12, 2026 Shagun Rathi Place: Ahmedabad Company Secretary (Mem. No. ACS 66459) NOTES: 1. As you are aware, in view of the situation arising due to COVID-19 global pandemic, the general meetings of the companies shall be conducted as per the guidelines issued by the Ministry of Corporate Affairs (MCA) vide Circular No. 14/2020 dated April 8, 2020, Circular No.17/2020 dated April 13, 2020 and Circular No. 20/2020 dated May 05, 2020. The forthcoming AGM/EGM will thus be held through video conferencing (VC) or other audio visual means (OAVM). Hence, Members can attend and participate in the ensuing AGM/EGM through VC/OAVM. 2. Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and MCA Circulars dated April 08, 2020, April 13, 2020 and May 05, 2020 the Company is providing facility of remote e-voting to its Members in respect of the business to be transacted at the AGM/EGM. For this purpose, the Company has entered into an agreement with Purva Sharegistry (India) Private Limited (Purva) for facilitating voting through electronic means, as the authorized e- Voting’s agency. The facility of casting votes by a member using remote e-voting as well as the e-voting system on the date of the EGM/AGM will be provided by Purva. 3. The Members can join the EGM/AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the EGM/AGM through VC/OAVM will be made available to at least 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the EGM/AGM without restriction on account of first come first served basis. 4. The attendance of the Members attending the AGM/EGM through VC/OAVM will be counted for the purpose of ascertaining the quorum under Section 103 of the Companies Act, 2013. 5. Pursuant to MCA Circular No. 14/2020 dated April 08, 2020, the facility to appoint proxy to attend and cast vote for the members is not available for this AGM/EGM. However, in pursuance of Section 112 and Section 113 of the Companies Act, 2013, representatives of the members such as the President of India or the Governor of a State or body corporate can attend the AGM/EGM through VC/OAVM and cast their votes through e-voting. 6. In line with the Ministry of Corporate Affairs (MCA) Circular No. 17/2020 dated April 13, 2020, the Notice calling the AGM/EGM has been uploaded on the website of the Company at www.kanel.in. The Notice can also be accessed from the websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Li [Showing first 8,000 characters — download PDF for full document]