Asian Star Company Limited has accepted the resignation of Mr. Bijayananda Pattanayak from his position as Independent Director, effective close of business on September 8, 2026.

The departure follows a formal notification to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Pattanayak also ceases to be a member of the Nomination and Remuneration Committee with immediate effect.

Resignation Details

Mr. Pattanayak cited other professional commitments as the sole reason for his exit. In his resignation letter addressed to the Chairman, he confirmed that there are no other material reasons for the decision beyond those stated.

Vipul Prabodh Shah, CEO and Managing Director, formally accepted the resignation on September 9, 2026. The company disclosed that Mr. Pattanayak does not hold directorships in any other listed entities.

Asian Star Company Limited has scheduled its 32nd Annual General Meeting for Monday, September 28, 2026 at 2:00 pm via Video Conferencing or Other Audio Visual Means, with a proposed final dividend of ₹1.50 per equity share for FY26.

The meeting will be held pursuant to Regulation 30 read with Part A (Para A) of Schedule III and Regulation 34(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with applicable Ministry of Corporate Affairs circulars. The intimation was signed by Vipul P. Shah, CEO and Managing Director, and submitted to BSE Limited.

Meeting Details

The following table summarises the key details of the 32nd AGM:

The dividend of ₹1.50 per equity share of face value ₹10 each, aggregating to Rs. 240.10 lakhs, is subject to approval by shareholders at the AGM. The Board recommended this payout at its meeting held on May 25, 2026. Shareholders whose names appear in the register of members as on the record date of September 21, 2026 will be eligible for the dividend.

Ordinary Business

The AGM agenda includes the following ordinary business items:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
• Declaration of a final dividend of Rs. 1.50 per equity share for the year ended March 31, 2026
• Re-appointment of Mr. Priyanshu A. Shah (DIN: 00004759) as a Director, retiring by rotation
• Re-appointment of Mr. Dharmesh D. Shah (DIN: 00004704) as a Director, retiring by rotation

Directors Seeking Re-appointment

The following table provides details of the two directors proposed for re-appointment at the AGM, as required under Regulation 36(3) of SEBI (LODR) Regulations, 2015:

E-Voting and Remote Participation

The company has engaged National Securities Depository Limited (NSDL) as the authorised agency for remote e-voting. The remote e-voting period begins on Friday, September 25, 2026 at 9:00 am and ends on Sunday, September 27, 2026 at 5:00 pm. The cut-off date for determining eligible voters is Monday, September 21, 2026.

Yogesh D. Dabholkar, Practising Company Secretary (CP No.: 6752), has been appointed as Scrutinizer for conducting the remote e-voting and voting process at the AGM in a fair and transparent manner. Members wishing to speak during the meeting must register their request at secretarial@asianstargroup.com on or before 5:00 pm on September 24, 2026.

FY26 Financial Highlights

The dividend recommendation follows a year in which Asian Star navigated a challenging operating environment. The following table presents consolidated financial highlights for FY26 alongside prior years:

Consolidated turnover for FY26 stood at Rs. 2,882.01 crore, reflecting a decline of 2.5% from Rs. 2,955.75 crore in FY25. The jewellery segment delivered growth of 17.4%, with revenue rising to Rs. 965.45 crore from Rs. 822.40 crore, while the diamond segment declined 10.1% to Rs. 1,916.56 crore. Profit after tax was Rs. 40.42 crore against Rs. 43.19 crore in FY25.