Pakka Limited has filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing a detailed bifurcation of the project cost and components of its ongoing "Jagriti Project." The disclosure, signed by Company Secretary & Legal Head Sachin Kumar Srivastava and dated May 12, 2026, was submitted to both the National Stock Exchange of India Limited and BSE Limited to ensure enhanced transparency to shareholders and stakeholders. This follows earlier disclosures made by the company in respect of the Jagriti Project, including a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for May 5, 2026.

Jagriti Project: Scope and Components

The Jagriti Project refers to Pakka Limited's ongoing capital expenditure programme at its existing manufacturing facility, aimed at capacity expansion, upgradation of existing facilities, and strengthening of integrated operations. The project is being implemented at the company's existing manufacturing location and constitutes a composite project involving capacity expansion as well as technological upgradation and backward integration. The key components of the Jagriti Project include:

• Installation of a new paper machine (PM-4) for the manufacture of paper and packaging products
• Upgradation and debottlenecking of existing paper machine(s), including PM-3
• Expansion and modernization of pulp mill and allied processing facilities
• Installation of captive power generation facilities along with associated utilities
• Development of chemical recovery, evaporation and related process systems
• Upgradation of effluent treatment plant (ETP), utilities and other supporting infrastructure

Detailed Cost Bifurcation

The total revised cost of the Jagriti Project is INR 744.00 crore, based on a revised Techno-Economic Viability (TEV) assessment reflecting the updated project configuration, including cost escalations on account of design changes, time overrun, and foreign exchange fluctuations. The following table presents the phase-wise cost bifurcation:

The bulk of the capital expenditure is concentrated in Phase II, which accounts for INR 644.53 crore of the total project cost, primarily driven by Plant & Machinery investments of INR 470.19 crore in that phase.

Phase-Wise Implementation Timelines

The Jagriti Project is being implemented in three phases, with tentative timelines for phase-wise completion as follows:

Certain components, including the upgradation of existing facilities, have already been completed or commissioned, while the balance components are under various stages of implementation.

Utilisation of Preferential Issue Proceeds

The proceeds of the preferential issue are proposed to be utilised towards funding the capital expenditure requirements of the Jagriti Project in line with the above scope and phases. The total estimated amount proposed to be utilised is Rs. 1,29,91,00,000, as detailed below:

Regulatory Compliance and Availability

The disclosure was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015 for the information of shareholders and stakeholders at large. The equity shares of the company are frequently traded on the stock exchanges in terms of Regulation 164 of the SEBI (ICDR) Regulations, 2018. The information is also available on the company's website at www.pakka.com , as well as on the websites of BSE Limited and the National Stock Exchange of India Limited.

Pakka Limited has scheduled an extraordinary general meeting (EGM) for May 5, 2026, at 05:00 PM IST to be conducted through video conferencing. The meeting will address significant corporate restructuring initiatives including authorized share capital enhancement and substantial fundraising through preferential securities issuance.

Authorized Share Capital Enhancement

The company proposes to increase its authorized share capital substantially to facilitate upcoming business requirements and fundraising activities.

The proposed increase requires shareholder approval under Section 61 of the Companies Act, 2013, and consequential amendment to the Capital Clause of the Memorandum of Association.

Preferential Securities Issuance

The company seeks approval for a comprehensive preferential issue aggregating INR 129,91,00,000 comprising equity shares and convertible warrants to fund the Jagriti Project expansion.

Convertible Warrants to Promoter Group

The warrants carry conversion rights into equivalent fully paid-up equity shares of INR 10 face value each. Warrant holders must pay 25% of the issue price upfront, with the balance 75% payable during conversion.

Equity Shares to Non-Promoters

The company will allot 27,20,000 fully paid-up equity shares to Alternative Investment Funds managed by Neo Alternative Asset Managers Private Limited.

Jagriti Project Expansion

The fundraising supports the ongoing Jagriti Project at the Ayodhya Plant, which has experienced scope expansion and timeline adjustments since initial approval.

The project cost revision from INR 675 crores to INR 750 crores and four-month delay reflects technical adjustments in machinery and infrastructure requirements.

Pricing and Regulatory Compliance

The issue price of INR 110 per security complies with SEBI ICDR Regulations floor price requirements. The relevant date for pricing determination is April 2, 2026, being 30 days prior to the EGM date.

Care Ratings Limited has been appointed as the monitoring agency to oversee fund utilization, given the issue size exceeds INR 100 crores.

Shareholding Impact

Post-issuance, assuming full warrant conversion, the promoter group shareholding will increase from 41.65% to 49.00%, while maintaining compliance with minimum public shareholding requirements. The preferential issue will not result in change of control but will strengthen the company's capital structure for expansion activities.

Shareholders can participate in the virtual meeting through NSDL's e-voting platform, with remote e-voting available from May 2-4, 2026. The cut-off date for voting eligibility is April 30, 2026.