Lead Reclaim & Rubber Products Issues EGM Corrigendum Ad; Allottee Substituted in Preferential Issue

Lead Reclaim & Rubber Products Limited filed a newspaper advertisement on May 15, 2026, pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the National Stock Exchange of India Limited about the publication of a corrigendum to the notice of its Extraordinary General Meeting (EGM). The corrigendum was published in the Financial Express in both English and Gujarati on May 15, 2026. The filing was signed by Managing Director Jayeshkumar Baldevbhai Patel (DIN: 05007490). This follows the Board of Directors' decision at its meeting held on May 13, 2026, to approve certain changes in the list of proposed allottees of equity shares forming part of the company's ongoing preferential issue, subject to shareholder and regulatory approvals.

The corrigendum was issued in continuation of the EGM Notice dated April 30, 2026, circulated to shareholders in connection with the EGM scheduled to be held on Friday, May 22, 2026, at 12:00 noon (IST) at the company's registered office at 856/4, Sarali Pithai Road, Pithai, Kathlal, Kheda, GJ 387630. The corrigendum is available on the company's website at www.leadreclaim.com and on the NSE website at www.nseindia.com .

Allottee Substitution Details

The Board approved the replacement of VT Capital Market Private Limited with Jalan Chemical Industries Private Limited as a proposed allottee in the non-promoter category. The number of equity shares allocated to this slot remains unchanged at 399000. The following table summarises the substitution:

Parameter: Outgoing Allottee Incoming Allottee Name: VT Capital Market Private Limited Jalan Chemical Industries Private Limited Category: Non-Promoter Non-Promoter No. of Shares: 399000 399000

All other terms and conditions of the proposed preferential issue, as approved by the Board on April 22, 2026, remain unchanged. Wherever the name of VT Capital Market Private Limited appeared in the EGM Notice, explanatory statement, and related documents, it shall be read as substituted with the name of Jalan Chemical Industries Private Limited.

Preferential Issue — Key Terms

The broader preferential issue, approved by the Board on April 22, 2026, involves two components: an issue of equity shares to non-promoters and an issue of fully convertible warrants to promoters, promoter group, and non-promoters. The key financial parameters of the issue are summarised below:

Parameter: Equity Shares Convertible Warrants Number of Securities: Up to 12,43,500 (Twelve Lakhs Forty Three Thousand Five Hundred) Up to 35,01,000 (Thirty Five Lakhs One Thousand) Issue Price: Rs. 75/- per share Rs. 75/- per warrant Face Value: Rs. 10/- per share Rs. 10/- per share Premium: Rs. 65/- per share Rs. 65/- per share Total Aggregate Amount: Rs. 9,32,62,500/- Rs. 26,25,75,000/- Allottee Category: Non-Promoters Promoters/Promoter Group and Non-Promoters Relevant Date: Wednesday, April 22, 2026 Wednesday, April 22, 2026

The issue price of Rs. 75/- per equity share/warrant was determined in accordance with the pricing formula prescribed under SEBI (ICDR) Regulations, 2018. The floor price was arrived at as the higher of the 90 trading days VWAP of Rs. 68.37/- per share and the 10 trading days VWAP of Rs. 74.75/- per share, both preceding the Relevant Date on NSE. Additionally, a valuation report dated April 22, 2026, issued by Mr. Janak Jagjivan Shah, Registered Valuer (IBBI Registration No. IBBI/RV/06/2019/11559), valued the equity shares and convertible warrants at Rs. 74.75/-, in accordance with Regulation 166A of the ICDR Regulations.

Objects of the Issue

The Company intends to utilise the proceeds from the preferential issue towards the following purposes, with all utilisation targeted within two years from the date of receipt of funds:

Purpose: Estimated Amount (Rs. In Cr.) Working Capital: 5.00 Repayment of Loan: 7.00 Expansion of Business: 16.58 General Corporate Purpose and Issue Related Expenses: 7

The fund requirements are based on management estimates and have not been appraised by any bank, financial institution, or external agency.

Revised List of Proposed Allottees for Equity Shares

Following the substitution, the complete revised list of proposed allottees for the preferential issue of equity shares comprises 18 non-promoter entities and individuals, with Jalan Chemical Industries Private Limited now included in place of VT Capital Market Private Limited. The ultimate beneficial owners of Jalan Chemical Industries Private Limited are Rajesh Jain, Dhiraj Bhutoria, and Neeraj Bhutoria. The proposed post-issue shareholding of Jalan Chemical Industries Private Limited, assuming full allotment, stands at 399000 shares, representing 2.98% of total equity capital.

Shareholding Pattern — Pre and Post Issue

The following table presents the pre and post preferential issue shareholding pattern of the Company (assuming full allotment and full conversion of warrants into equity shares):

Category: Pre-Issue Shares (As on 17.04.2026) Pre-Issue % Post-Issue Shares Post-Issue % Promoters & Promoter Group (Indian Individuals/HUF): 5139477 59.48 7539477 56.33 Total Promoters & Promoter Group: 5139477 59.48 7539477 56.33 Resident Individuals (Public): 3145698 36.41 4659198 34.81 Non-Resident Indians (NRIs): 16500 0.19 16500 0.12 Bodies Corporate: 55500 0.64 787500 5.89 HUF: 276000 3.19 309000 2.31 Firm: - - 66000 0.49 Clearing Member: 7500 0.09 7500 0.06 Total Public Holding: 3501198 40.52 5845698 43.67 Grand Total: 8640675 100.00 13385175 100

The proposed preferential allotment will not result in any change in the management or control of the Company. The allotment of equity shares and warrants is to be completed within 15 days from the date of passing of the Special Resolution by shareholders, or within 15 days from the date of any pending regulatory approval, as applicable under Regulation 170 of the SEBI (ICDR) Regulations, 2018.

Lead Reclaim and Rubber Products Limited has announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors approved the financial statements during a meeting held on May 15, 2026. The statutory auditors, M/s. DKN & Associates, issued an unmodified opinion on the results.

Financial Performance

The company reported a strong improvement in profitability for the fiscal year. Net profit after tax for the year ended March 31, 2026, stood at ₹409 lakh, compared to ₹146 lakh in the corresponding period of the previous year. For the half year ended March 31, 2026, the net profit was recorded at ₹310 lakh.

Revenue from operations for the full year increased to ₹3,982 lakh, up from ₹3,112 lakh in the prior year. Total income for FY26 reached ₹3,999 lakh. The company managed its expenses effectively, with total expenditure for the year reported at ₹3,427 lakh, compared to ₹2,926 lakh in FY25.

Operational Metrics

Earnings Per Share (EPS) for the year ended March 31, 2026, improved to ₹4.73 on a basic and diluted basis, up from ₹1.89 in the previous year. The company’s financial results indicate robust operational performance, with profit before tax for the year rising to ₹570 lakh from ₹200 lakh in the prior year.

Particulars Year Ended 31/03/2026 (₹ in Lakhs) Year Ended 31/03/2025 (₹ in Lakhs) Revenue from Operations 3,982 3,112 Total Income 3,999 3,126 Total Expenses 3,427 2,926 Profit before Tax 570 200 Net Profit 409 146 Basic EPS (₹) 4.73 1.89

Expansion Plans

In its notes to the financial statements, the company disclosed plans to establish a new EPDM Reclaim Rubber manufacturing plant with a capacity of 800 MT per month at Mandali, District Mehasana. The company has incurred ₹429.88 lakh towards this project as of March 31, 2026, and expects production to commence in September 2026. Additionally, a new 1.25 MV Solar Power plant is being set up at Boradi, District Thashara, with an expenditure of ₹108.76 lakh recorded to date and operations expected to begin in October 2026.

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