Mohite Industries Limited has issued a formal notice convening an Extra-Ordinary General Meeting (EGM) scheduled for Monday, June 8, 2026, at 11:00 AM at its registered office located at R. S. No. 347, Ambapwadi Phata, Off. NH-4, Vadgaon, Tal.-Hatkanangale, Dist.-Kolhapur-416112. The meeting has been called under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will transact three items of special business, all pertaining to the appointment and reappointment of Independent Directors on the company's Board.

Special Businesses on the EGM Agenda

The EGM agenda comprises three special resolutions, each requiring member approval. The key details of the directors under consideration are summarised below:

Item 1: Regularization of Mr. Sangramsinh Subhashrao Nimbalkar

Based on the recommendation of the Nomination and Remuneration Committee (NRC), the Board appointed Mr. Sangramsinh Subhashrao Nimbalkar (DIN: 00508548) as an Additional Independent Director with effect from March 9, 2026, under Section 161 of the Companies Act, 2013. Members are now being asked to regularize this appointment and confirm him as a Non-Executive Independent Director for a term of 5 (five) consecutive years, not liable to retire by rotation. Mr. Nimbalkar holds a Diploma in Civil Engineering and brings over 30 years of experience in government and semi-government industrial construction, including sugar factory projects and building construction activities. He has confirmed that he meets the criteria of independence under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI Listing Regulations, and is not disqualified from being appointed as a director under Section 164 of the Act.

Item 2: Reappointment of Bhushan Madhukar Deshpande

Bhushan Madhukar Deshpande (DIN: 08861720) was originally appointed as an Independent Director at the Annual General Meeting on October 24, 2020, for a first term of five consecutive years. Following a performance evaluation and on the recommendation of the NRC, the Board has proposed his reappointment for a second term of 5 (five) consecutive years, up to October 23, 2030, not liable to retire by rotation. The NRC considered his expertise in financial and investment management, leadership traits, and vast business experience. Mr. Deshpande holds a Diploma in Pharmacy, has been running a proprietary medical shop since 1989, and serves as Chairman of the Pune Cricket Association. He has submitted a declaration confirming his independence under the applicable provisions of the Act and SEBI Listing Regulations.

Item 3: Reappointment of Nikhil Vijay Nawandhar

Nikhil Vijay Nawandhar (DIN: 01291811) was also appointed as an Independent Director on October 24, 2020, for a first term of five consecutive years. The NRC, after reviewing his performance evaluation and noting his expertise in taxation and audit, has recommended his reappointment for a second term of 5 (five) consecutive years, up to October 23, 2030, not liable to retire by rotation. Mr. Nawandhar is a practicing Chartered Accountant based in Sangli since 2006. He has confirmed his independence under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI Listing Regulations, and is not debarred from holding office by any order from SEBI or any other authority.

E-Voting and Meeting Procedure

The company has facilitated remote e-voting through Central Depository Services (India) Limited (CDSL) for all shareholders. Key procedural details are as follows:

• Cut-off Date (Record Date): Monday, June 1, 2026
• E-Voting Period: Friday, June 5, 2026 at 09:00 AM to Sunday, June 7, 2026 at 05:00 PM
• EVSN (Electronic Voting Sequence Number): 260511003
• Scrutinizer: CS Sachin Bidkar (Membership No. A27380 & CP No. 14666), Practicing Company Secretary
• Scrutinizer's Report Deadline: Within 48 hours of conclusion of the EGM
• Results Publication: Company website ( www.mohite.com ) and BSE Limited

Shareholders holding shares in demat mode may cast their votes through their CDSL or NSDL demat accounts. Proxy forms must be lodged with the company not less than 48 hours before the commencement of the meeting. The notice has been issued by Shivaji Ramchandra Mohite, Managing Director (DIN: 00425441), from Vadgaon, dated May 14, 2026.

Mohite Industries has disclosed substantial defaults on loan repayments, revealing financial stress in its operations for the quarter ended March 31, 2026. The company submitted its mandatory disclosure to BSE Limited on April 7, 2026, as required under SEBI regulations for listed entities.

Financial Indebtedness Overview

The company's financial disclosure presents a concerning picture of its debt obligations and repayment capabilities. The comprehensive breakdown shows the extent of defaults across different categories of financial instruments.

Loan Defaults Analysis

The disclosure reveals that Mohite Industries has defaulted on ₹2905.79 crore out of its total outstanding loan amount of ₹7615.15 crore from banks and financial institutions. This represents a significant portion of the company's total borrowings, indicating substantial financial difficulties in meeting its debt obligations.

Debt Securities Position

In contrast to its bank loan defaults, the company reported no outstanding amounts or defaults related to unlisted debt securities, including Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS). Both categories showed nil amounts as on March 31, 2026.

Regulatory Compliance

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019, which mandates listed companies to disclose defaults on payment of interest and repayment of principal amounts on loans from banks, financial institutions, and unlisted debt securities on a quarterly basis.

Management Certification

The disclosure was digitally signed and certified by Shivaji Ramchandra Mohite, Managing Director of the company (DIN: 00425441), ensuring compliance with corporate governance requirements and authenticity of the submitted information.