AFFLUENCE

Inter alia, approved:- 1. On the recommendation of the Audit Committee, the Board have approved the appointment of M/s. L M R A and Associates as the Statutory Auditor of the Company for a period of 5 years from conclusion of 106th Annual General Meeting of the Company 2. Approval of Related Party Transaction between M/s. Walchand Advanced Composites Pvt. Ltd. (Wholly Owned Subsidiary) (Formally Known as Walchand Sun Advanced Composites Private Limited) and M/s. Walchandnagar Industries Ltd. (Group Company

Inter alia, approved:- 1. approved to re-appoint Ms. Alice Geevarghese Vaidyan (DIN: 07394437) as Non- Executive Independent Director for a second term of five years. 2. The Board of Directors approved a new Employee Stock Option Scheme (?GFS Employee Stock Option Scheme 2025?) for the Employees of the Company, its Subsidiary Company and Associate Company, subject to the approval of shareholders and other requisite regulatory approvals.

The Exchange has sought clarification from JM Financial Ltd on June 25, 2025, with reference to Movement in Volume. The reply is awaited.

Inter-alia, had considered and approved the following: 1) The Board of Directors considered and approved the Notice of forthcoming Extra-OrdinaryGeneral Meeting of the Company to be held on 22nd July, 2025. The Extra-Ordinary General Meeting of the company will be held on Tuesday, 22nd July, 2025 at 4:00pm (IST) through Video Conferencing (?VC?)/ Other Audio-Visual Means (?OAVM?) to seek approval on certain matters including:- a. Regularization of Additional Director; b. Regularization of Statutory Auditor appointed in the Board Meeting held on 23 April, 2025. 2) The Board of Directors has approved the appointment of National Depository Limited (NSDL) as the agency to provide remote e-voting facility for the ensuing Extra-Ordinary General Meeting of the company. 3) The Board of Directors has approved the Re-appointment of M/s. Mahesh Singh & Associates, as the Cost Auditor of the Company for the Financial Year 2025-26. 4) The Board of Directors has approved the appointment of M/s. Surbhi Bansal & Associates, Company Secretary, as the Secretarial Auditor of the company for the financial year 2024-2025 and also appointed as the Scrutinizer of the Company for the upcoming EGM which is scheduled to be held on 22 July, 2025. 5) The Board of Directors has approved the appointment Mr. Prasad Raju (RAMAKRISHNAVARA PRASADA RAJU MANTENA) (DIN: 01774224) as an Additional Director (Technical Director) of the Company with immediate effect pursuant to the provisions of Section 161(1) of the Companies Act, 2013 and the applicable provisions of the SEBI LODR Regulations, 2015. Also, proposed to regularize the appointment in the ensuing Extra-Ordinary General Meeting (EGM), subject to the approval of the shareholders.

The Exchange has sought clarification from Mukand Ltd on June 25, 2025, with reference to Movement in Volume. The reply is awaited.