AFFLUENCE

Clarification on significant increase in volume of trading in the securities

We wish to inform you that to the best of our knowledge, there is no information or announcement, including any price-sensitive information, which may have bearing on the price movement of the Company''s share. The movement in the share price appears to be purely market-driven.

The Exchange has sought clarification from Gem Aromatics Ltd on October 24, 2025, with reference to Movement in Volume. The reply is awaited.

Inter alia, to consider and approve:- 1. To consider and take on record the resignation of Mr. Gaurav Singh, Mrs. Shalini Srivastava, Mr. Sundeep Kumar Tayal and Mr. Naba Kumar Das , Independent Directors from the Board. 2. To consider and approve the changes in the constitution of the Audit Committee.3. To consider and approve the changes in the constitution of the NRC.4. to authorize filling of the necessary forms and intimation to stock exchange if required.5. To consider and approve the payment of penalties levied by BSE for non-filling of voting result in XBRL and to approve submission of management reply.6. To place on record the submission of management reply regarding SDD Non-Compliance under SEBI(PIT) Regulations, 2015.

Inter alia, approved:- 1) The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee considered and unanimously approved the appointment of Mr. Sandeep Himmatlal Shah (DIN: 11273722) as an Additional Director in the category of Independent Director, not liable to retire by rotation, for a term of five (5) consecutive years commencing from 24th October, 2025, subject to the approval of the shareholders of the Company. 2) The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee considered and unanimously approved the appointment of Dr. Yellamanchali Sreenivas Rao (DIN: 11219939) as an Additional Director in the category of Independent Director, not liable to retire by rotation, for a term of five (5) consecutive years commencing from 24th October, 2025, subject to the approval of the shareholders of the Company. 3) The Nomination & Remuneration Committee of the Board has approved the allotment of 1,37,100 equity shares to the eligible employees of the Company upon exercise of the Options vested with them under various MosChip Stock Option Schemes.