Concord Enviro Systems Limited held an equity shareholders meeting on April 28, 2026, via video conference under NCLT Mumbai Bench directions dated March 11, 2026. The meeting, chaired by Former NCLT Member Mr. V. Nallasenapathy, was convened to approve a Scheme of Arrangement under Section 230 of the Companies Act, 2013. Remote e-voting was facilitated through NSDL from April 25-27, 2026, with CFO Mr. Anish Goel explaining the scheme's rationale and strategic benefits. The proceedings concluded at 11:00 A.M. (IST) after addressing shareholder queries.

Concord Enviro Systems Conducts Shareholder Meeting for Scheme of Arrangement Under NCLT Directions

Concord Enviro Systems Limited conducted a meeting of equity shareholders on April 28, 2026, through video conferencing pursuant to directions from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The meeting was held to consider and approve the Scheme of Arrangement between the company and its shareholders under the Companies Act, 2013.

Meeting Details and Compliance

The shareholders meeting was conducted in full compliance with regulatory requirements and commenced at 10:30 A.M. (IST) after achieving the requisite quorum. The proceedings adhered to the Companies Act, 2013, SEBI Listing Regulations, and applicable circulars issued by the Ministry of Corporate Affairs for virtual meetings.

Meeting Parameter: Details Date: April 28, 2026 Time: 10:30 A.M. (IST) Mode: Video Conference/Audio Visual Means NCLT Order Date: March 11, 2026 Chairperson: Mr. V. Nallasenapathy, Former NCLT Member Scrutinizer: Mr. Martinho Ferrao

E-Voting Arrangements

The company engaged National Securities Depository Limited (NSDL) to facilitate comprehensive e-voting arrangements for shareholders. Remote e-voting was made available through the NSDL platform, ensuring broad participation in the decision-making process.

E-Voting Timeline: Period Remote E-Voting Start: April 25, 2026 at 9:00 A.M. (IST) Remote E-Voting End: April 27, 2026 at 5:00 P.M. (IST) Meeting E-Voting: Available during the meeting E-Voting Closure: 15 minutes post meeting conclusion

Scheme of Arrangement Discussion

Mr. Anish Goel, Chief Financial Officer, provided a detailed briefing on the salient features of the proposed Scheme of Arrangement. He explained the rationale behind the scheme and outlined the strategic benefits expected from its implementation. The presentation was followed by a discussion and question-and-answer session with shareholders.

The meeting facilitated active shareholder engagement, with one registered speaker shareholder participating in the proceedings. The query raised regarding the Scheme was satisfactorily addressed by the CFO, ensuring clarity on the proposed arrangement.

Meeting Conclusion

Ms. Jyoti Chawda, Company Secretary and Compliance Officer, managed the meeting proceedings and ensured smooth conduct throughout the session. The meeting was recorded as per regulatory requirements, with participants kept on mute by default to maintain order.

Mr. V. Nallasenapathy thanked all members and stakeholders for their participation and support before declaring the meeting closed at 11:00 A.M. (IST). The closure occurred 15 minutes after the e-voting facility ended, providing adequate time for all shareholders to exercise their voting rights on the Scheme of Arrangement.

Concord Enviro Systems Limited has announced a strategic acquisition through its wholly owned overseas subsidiary, Concord Enviro FZE, which has acquired convertible preferred stock in WaHa Inc., a US-based clean technology company. The disclosure was made on April 23, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Strategic Investment Details

The acquisition involves Concord Enviro FZE purchasing Series A-1 Preferred Stock in WaHa Inc. through a cash consideration structure. The investment parameters are outlined below:

Parameter: Details Investment Amount: US$ 574,999.65 Price per Share: US$ 0.45 Number of Preferred Shares: 1,277,777 Shareholding Percentage: 2.87% Nature of Transaction: Arms length basis

About WaHa Inc.

WaHa Inc. is a California-headquartered clean technology company founded on July 25, 2018, specializing in advanced atmospheric water generation and energy-efficient cooling solutions. The company has developed proprietary systems including the WaHa Vaporator® and an energy-efficient desiccant regeneration engine that produces pure water while controlling humidity.

The target company's technology leverages various solid desiccants ranging from silica gel and SAPO-34 to advanced water-harvesting MOFs (Metal-Organic Frameworks). The systems are designed to operate in low-humidity environments and address water scarcity challenges across residential, industrial, and agricultural sectors, particularly in water-stressed regions.

Financial Performance Overview

WaHa Inc.'s financial performance as of March 31, 2025, and historical turnover data are presented below:

Financial Metric: Amount (US$ lakhs) Turnover (as of 31.03.2025): 0.14 PAT (as of 31.03.2025): (31.26) Net Worth (as of 31.03.2025): (59.88)

Historical Turnover (Last 3 Years):

Financial Year: Turnover (US$ lakhs) FY2022-23: 0.07 FY2023-24: 0.16 FY2024-25: 0.14

Strategic Objectives and Business Synergies

The investment is designed to establish a strategic partnership providing Concord Enviro FZE with access to WaHa Inc.'s advanced MOF-based dehumidification and atmospheric water generation technologies. Through this acquisition, the company will secure exclusive licensing rights for India and the UAE while positioning itself as a global manufacturing partner for atmospheric water generation systems.

The investment aligns with significant customer overlap across existing sectors:

Atmospheric Water Generation: Industries in water-stressed regions

Industrial Product Drying: Applications for pharmaceutical, yeast, and powder-based manufacturing clients

Dehumidification: Supporting critical manufacturing environments in food & beverage, battery manufacturing, solar, and semiconductor sectors

Industry Focus and Regulatory Compliance

WaHa Inc. operates within the Clean Technology (ClimateTech) industry, with primary focus areas including Atmospheric Water Generation (AWG), HVAC systems, and water technology solutions. The acquisition does not constitute a related party transaction, and no governmental or regulatory approvals are required for completion.

The investment represents a new vertical for Concord Enviro Systems while aligning with the company's sustainability-focused growth strategy. The transaction is being undertaken on an arms length basis, with the promoter group having no prior interest in the target entity.

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