Pennar Industries Completes EGM Notice Dispatch with Newspaper Publications

Pennar Industries has completed the dispatch of its Extra-Ordinary General Meeting (EGM) notice and published newspaper advertisements confirming the meeting details. The company announced completion of notice distribution through electronic mode on April 15, 2026, followed by newspaper publications on April 16, 2026, for the EGM scheduled on May 8, 2026.

Newspaper Publication Details

The company published advertisements in two newspapers on April 16, 2026, informing stakeholders about the EGM notice dispatch completion and e-voting arrangements. The publications were made in compliance with Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Publication Details: Information English Daily: Business Standards (All Editions) Regional Daily: Nava Telangana (Telugu) Publication Date: April 16, 2026 Notice Dispatch Date: April 15, 2026

EGM Meeting Arrangements

The EGM will be conducted on May 8, 2026 at 11:00 AM IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) without physical presence of members at a common venue. The deemed venue for the meeting will be the company's registered office.

Meeting Parameters: Details Date: May 8, 2026 Time: 11:00 AM IST Format: Video Conferencing/OAVM Platform Provider: KFin Technologies Limited Cut-off Date: April 30, 2026

E-Voting Facility and Timeline

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations, the company is providing remote e-voting facility to all eligible members. The e-voting process will be managed by KFin Technologies Limited.

E-Voting Schedule: Timeline Remote E-Voting Start: May 5, 2026 at 9:00 AM IST Remote E-Voting End: May 7, 2026 at 5:00 PM IST Service Provider: KFin Technologies Limited Scrutinizer: Mr. Subhash Kishan Kandrapu (ACS: 32743)

Major Agenda Items

Convertible Equity Warrants Issuance

The primary agenda involves approval for issuing 30,00,000 convertible equity warrants to Pennar Holdings Private Limited on preferential basis, with the Board of Directors having approved this proposal on April 10, 2026.

Warrant Specifications: Details Number of Warrants: 30,00,000 Issue Price: ₹168.00 per warrant Total Amount: ₹50,40,00,000 Allottee: Pennar Holdings Private Limited Exercise Period: 18 months from allotment

Fund Utilization Strategy

The company plans to utilize the warrant proceeds for strategic business expansion and operational requirements across three key areas.

Utilization Purpose: Amount (₹ Lakhs) Timeline Working Capital Requirements: 2,000.00 Within 12 months Capital Expenditure: 2,040.00 Within 12 months General Corporate Purposes: 1,000.00 Within 12 months

Director Re-appointment

The second agenda item involves re-appointing Mr. RVS Ramakrishna (DIN: 00009421) as Independent Director for a second term of 5 years from June 4, 2026 to June 3, 2031, requiring special resolution approval under SEBI LODR Regulations.

Notice Accessibility and Compliance

The EGM notice has been made available across multiple platforms for member accessibility. Physical copies have been dispensed with as per MCA and SEBI circulars, with electronic distribution completed on April 15, 2026.

Platform Availability: Website/Location Company Website: www.pennarindia.com BSE Website: www.bseindia.com NSE Website: www.nseindia.com KFin Website: https://evoting.kfintech.com

The notification was signed by Mirza Mohammed Ali Baig, Company Secretary & Compliance Officer (ACS29058), and communicated to both BSE Limited and The National Stock Exchange of India Limited.

Pennar Industries Limited has submitted its Annual Secretarial Compliance Report for the year ended 31st March, 2026, to both BSE and NSE. The report was filed on 15th April, 2026, by Company Secretary and Compliance Officer Mirza Mohammed Ali Baig, confirming the company's adherence to regulatory requirements under SEBI LODR regulations.

Comprehensive Compliance Assessment

The secretarial compliance report was prepared by Mr. Subhash Kishan Kandrapu, Company Secretary in practice (ACS No. 32743), who conducted a thorough examination of the company's compliance status. The assessment covered various SEBI regulations including the Listing Obligations and Disclosure Requirements Regulations 2015, Prohibition of Insider Trading Regulations 2015, and other applicable securities laws.

Key Compliance Areas Reviewed

The report evaluated 13 critical compliance parameters, with the company achieving full compliance across all applicable areas:

Compliance Parameter Status Remarks Secretarial Standards Yes Full compliance with ICSI standards Policy Adoption and Updates Yes All policies approved and updated Website Maintenance Yes Functional website with timely disclosures Director Disqualification Yes No directors disqualified under Section 164 Subsidiary Requirements Yes Proper identification and disclosure Document Preservation Yes Records maintained per SEBI requirements Performance Evaluation Yes Board and committee evaluations conducted Related Party Transactions Yes Prior audit committee approvals obtained Event Disclosures Yes Timely disclosures under Regulation 30 Insider Trading Compliance Yes Full compliance with regulations

Regulatory Framework Coverage

The examination encompassed multiple SEBI regulations and guidelines, including:

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018

Several regulations were marked as not applicable for the financial year 2025-2026, including buyback of securities, share-based employee benefits, and debt securities regulations.

Clean Compliance Record

The report confirms that no actions were taken against Pennar Industries, its promoters, directors, or subsidiaries by SEBI or stock exchanges during the review period. Additionally, no violations, penalties, or non-compliance issues were identified across any of the examined regulatory frameworks.

Corporate Governance Standards

The assessment validates Pennar Industries' commitment to maintaining high corporate governance standards. The company has successfully implemented all required policies, maintained proper documentation, conducted necessary evaluations, and ensured timely regulatory disclosures throughout the financial year 2025-26.

The submission of this clean compliance report reinforces Pennar Industries' dedication to regulatory adherence and transparent corporate practices, providing stakeholders with confidence in the company's governance framework and operational integrity.

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