MILLWORKS TECHNOLOGIES LIMITED HAS INFORMED THE EXCHANGE REGARDING THE ACQUISITION OF VIDWAN AERONAUTICS PRIVATE LIMITED THROUGH CONVERSION OF THE OUTSTANDING LOAN INTO EQUITY SHARES.

Millworks Technologies Limited To, Date: 31st August, 2026 Department of Corporate Services Bombay Stock Exchange Limited 25th Floor, P. J. Tower, Dalal Street, Fort, Mumbai- 400 001. Dear Sir, Sub: Outcome of Board Meeting and Announcements pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 REF: SCRIP CODE: 544826 With reference to the captioned subject, we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e. 31st August, 2026, which commenced at 03:00 p.m. and concluded at 04:00 p.m., has inter-alia: 1. Considered and approved the conversion of the outstanding loan extended to Vidwan Aeronautics Private Limited into equity shares and thereby Acquisition of Majority Stake in the said company; Pursuant to the said conversion, the Company shall subscribe to and acquire 15,22,727 equity shares of Vidwan Aeronautics Private Limited at an issue price of ₹18.05 per equity share, aggregating to ₹2,74,85,222.35/-, towards conversion of the outstanding loan into equity. Consequent to the said acquisition, the Company's shareholding in Vidwan Aeronautics Private Limited will be 67% of its paid-up equity share capital, resulting in Vidwan Aeronautics Private Limited becoming a subsidiary of the Company. The information required pursuant to Regulation 30, read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and Master Circular No. HO/49/14/14(7)/2025-CFD-POD2/1/IR/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure A. Kindly acknowledge receipt and take the same on your record. Thanking You, FOR, MILLWORKS TECHNOLOGIES LIMITED SRIDHAR ACHARYA MANAGING DIRECTOR DIN: 05341880 Place: Bangalore Date: 31.08.2026 GST No.: 29AAPCM1415P1ZV Website: https://millworksindia.com/ AS 9100D Company Reg Off: No.458/1, 10th A Cross, Phase 4, Peenya Industrial Area, Bangalore – 560058 Email: cs@millworksindia.com CIN NUMBER: U29200KA2021PLC153863 Millworks Technologies Limited Annexure A Disclosure under sub-para (1) i.e. Acquisition(s) (including agreement to acquire) of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 Particulars Information 1 Name of the target entity, details in brief Name: Vidwan Aeronautics Private Limited such as size, turnover etc.; Authorised Share Capital: ₹2,50,00,000 (Rupees Two Crore Fifty Lakh Only) Paid Share Capital: ₹75,00,000 (Rupees Seventy-Five Lakh Only) Turnover: ₹2.02 Crore for the FY 2025-26 2 Whether the acquisition would fall The acquisition does not fall within the definition of a within related party transaction(s) related party transaction. Further, the promoter, and whether the promoter/ promoter promoter group and group companies of the Company group/ group companies have any have no interest in Vidwan Aeronautics Private interest in the entity being acquired? If Limited. yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3 Industry to which the entity being Vidwan Aeronautics Private Limited is engaged in the acquired belongs; manufacture of high precision Aerospace Engine components. 4 Objects and effects of acquisition The acquisition is being undertaken pursuant to the (including but not limited to, conversion of the outstanding loan extended by the disclosure of reasons for Company to Vidwan Aeronautics Private Limited acquisition of target entity, if its into equity shares. The proposed acquisition will business is outside the main line of enable the Company to acquire a controlling business of the listed entity); interest in Vidwan Aeronautics Private Limited and consolidate its operations as a subsidiary of the Company. The acquisition is expected to provide the Company with strategic participation in the target entity's business and facilitate potential synergies and growth opportunities. 5 Brief details of any governmental or No specific governmental or regulatory approval is regulatory approvals required for the required for the proposed acquisition, subject to acquisition; compliance with applicable provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable laws and regulations. 6 Indicative time period for completion The acquisition is expected to be completed on or of the acquisition; before September 30, 2026, subject to completion of applicable statutory and regulatory compliances. GST No.: 29AAPCM1415P1ZV Website: https://millworksindia.com/ AS 9100D Company Reg Off: No.458/1, 10th A Cross, Phase 4, Peenya Industrial Area, Bangalore – 560058 Email: cs@millworksindia.com CIN NUMBER: U29200KA2021PLC153863 Millworks Technologies Limited 7 Nature of consideration- whether cash The consideration for the acquisition shall be consideration or share swap and discharged by way of conversion of the outstanding details of the same; loan aggregating to ₹2,74,85,222.35/- extended by the Company to Vidwan Aeronautics Private Limited into equity shares. Accordingly, there shall be no cash outflow towards the acquisition. 8 Cost of acquisition or the price at The Company shall acquire 15,22,727 equity shares of which the shares are acquired; Vidwan Aeronautics Private Limited at an issue price of ₹18.05 per equity share, aggregating to ₹2,74,85,222.35/-, which shall be allotted against conversion of the outstanding loan of the Company into equity. 9 Percentage of shareholding/ control The Company shall acquire 15,22,727 equity shares of acquired and/ or number of shares Vidwan Aeronautics Private Limited and, upon acquired; completion of the proposed conversion and allotment, shall hold 67% of the paid-up equity share capital of Vidwan Aeronautics Private Limited. Consequently, Vidwan Aeronautics Private Limited shall become a subsidiary of the Company. 10 Brief background about the entity Vidwan Aeronautics Private Limited was incorporated acquired in terms of products/line of on April 28, 2017 and is based in Bengaluru, Karnataka, business acquired, date of India. The Company is engaged in the manufacture of incorporation, history of last 3 years high precision Aerospace Engine components. turnover, country in which the acquired entity has presence and any Turnover for the last three financial years: other significant information (in brief); •FY 2023-24: ₹64 lakh •FY 2024-25: ₹1.42 crore •FY 2025-26: ₹2.02 crore Country of Presence: India. GST No.: 29AAPCM1415P1ZV Website: https://millworksindia.com/ AS 9100D Company Reg Off: No.458/1, 10th A Cross, Phase 4, Peenya Industrial Area, Bangalore – 560058 Email: cs@millworksindia.com CIN NUMBER: U29200KA2021PLC153863