The Board of Directors of Antarctica Limited , at its meeting held on Thursday, May 14, 2026, at the company's registered office, approved a series of significant corporate actions, including a rights issue of equity shares for an aggregate amount not exceeding Rs. 69,00,00,000 (Rupees Sixty Nine Crore Only) and an increase in the authorised share capital of the company. The meeting commenced at 03:30 PM and concluded at 04:00 PM.

Rights Issue of Equity Shares

The board approved the issuance and allotment of equity shares having a face value of Rs. 1.00/- each on a rights basis to eligible equity shareholders of the company, as on a record date to be notified subsequently. The aggregate amount of the rights issue will not exceed Rs. 69,00,00,000 (Rupees Sixty Nine Crore Only). The issue is subject to receipt of applicable regulatory and statutory approvals and will be conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

The key details of the rights issue as disclosed by the company are summarised below:

The board also approved the Draft Letter of Offer and other relevant documents in relation to the rights issue, to be filed with NSE Limited.

Rights Issue Committee Constituted

To oversee and execute the rights issue process, the board constituted a Rights Issue Committee with the following members:

• Mr. Aryan Arvindbhai Prajapati — Chairman
• Mr. Nitinbhai Babubhai Karan — Member
• Mrs. Sarikaben Sanketkumar Ladani — Member

The Rights Issue Committee has been authorised to appoint various intermediaries and undertake all acts, deeds, and matters deemed necessary in connection with the rights issue.

Increase in Authorised Share Capital

The board also approved an increase in the authorised share capital of the company, subject to shareholder approval. The proposed amendment to Clause V (Capital Clause) of the Memorandum of Association is detailed below:

Postal Ballot Process

To obtain shareholder approval for the increase in authorised share capital, the board approved a draft Postal Ballot Notice. Varsha Rani Agarwal, a Practicing Company Secretary, has been appointed as the Scrutinizer for the postal ballot process. The cut-off date for determining the eligibility of members to vote by electronic means has been fixed as Friday, May 15, 2026.

The disclosures have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The outcome was signed by Aryan Arvindbhai Prajapati, Executive Director of the company.