Pennar Industries convened its Extra-Ordinary General Meeting (EGM) on Friday, May 8, 2026, at 11:00 A.M. IST through Video Conferencing/Other Audio-Visual Means (e-EGM). The meeting was held in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requisite quorum was present throughout the proceedings, and the meeting concluded at 11:30 A.M. IST. Both resolutions set out in the EGM Notice dated April 10, 2026, were passed by the members with the requisite majority. The scrutinizer's report and voting results were subsequently submitted to the stock exchanges under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Leadership and Attendance

Mr. RVS Ramakrishna chaired the meeting and welcomed members to the EGM. The Company Secretary opened proceedings by explaining procedural and technical points relating to participation through Video Conferencing. Key attendees included:

• Mr. V S Parthasarathy — Chairman of the Audit Committee
• Mr. Chandrasekhar Sripada — Chairman of the Nomination & Remuneration Committee and CSR Committee
• Mr. RVS Ramakrishna — Chairman of the Stakeholders Relationship Committee
• Mr. Aditya Rao — Vice-Chairman and Managing Director
• Mr. K Lavanya Kumar Rao — Executive Director

The Chairman also introduced the Chief Financial Officer, Company Secretary, Statutory Auditors, Secretarial Auditor, and Scrutiniser, all of whom joined via Video Conferencing from their respective locations. Mr. Aditya Rao responded to queries raised by registered speaker-members and provided necessary clarifications during the meeting.

Business Transacted at the EGM

The following two items of special business were transacted at the meeting:

E-Voting Process and Scrutinizer

The remote e-voting facility was provided to eligible shareholders through M/s. KFin Technologies Limited (Kfintech). The remote e-voting window was open from May 5, 2026, 9:00 A.M. to May 7, 2026, 5:00 P.M. Shareholders as on the cut-off date of April 30, 2026 were eligible to cast their votes, with a total of 81,449 shareholders on record as of that date. Members who had not voted during the remote e-voting period were permitted to cast their votes during the meeting and up to 15 minutes after its conclusion. Mr. Subhash Kishan Kandrapu (ACS 32743), Practising Company Secretary, was appointed as the Scrutinizer for the entire e-voting process by the Board of Directors at its meeting held on April 10, 2026. The scrutinizer's consolidated report was issued to the company on May 8, 2026.

Voting Results — Resolution 1: Issue of Convertible Equity Warrants

Resolution 1, a Special Resolution concerning the issue of Convertible Equity Warrants to Pennar Holdings Private Limited on a preferential basis, was passed with requisite majority. The promoter/promoter group was identified as an interested party in this resolution. The total votes cast across all categories stood at 70,775,219, representing 52.44% of outstanding shares. The detailed voting outcome is as follows:

There were no invalid votes across any category. The resolution was declared passed.

Voting Results — Resolution 2: Re-appointment of Independent Director

Resolution 2, a Special Resolution for the re-appointment of Mr. RVS Ramakrishna (DIN: 00009421) as an Independent Director, was also passed with requisite majority. The promoter/promoter group was not identified as an interested party in this resolution. The total votes cast were 70,775,219, representing 52.44% of outstanding shares. The detailed voting outcome is as follows:

There were no invalid votes across any category. The scrutinizer noted that one shareholder had mistakenly voted against the resolution via online voting and subsequently submitted an email acknowledging the error; the scrutinizer accepted and counted the vote as in favour. The resolution was declared passed.

Conclusion

The EGM proceedings, along with the scrutinizer's report and voting results, were submitted to the stock exchanges pursuant to Regulations 30, 44, and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Mirza Mohammed Ali Baig, Company Secretary & Compliance Officer (ACS 29058), on May 8, 2026. Pennar Industries is headquartered at 7th Floor, White Fields, Kondapur, Hyderabad, Telangana.

Pennar Industries has received a substantial acquisition disclosure from Bandhan Mutual Fund under SEBI regulations. The mutual fund crossed the 5% threshold in the engineering company through a strategic share acquisition completed on April 13, 2026.

Acquisition Details

Bandhan Mutual Fund, through its Bandhan Small Cap Fund scheme, acquired 1,20,000 equity shares of Pennar Industries through open market transactions. The acquisition represents 0.0889% of the company's total paid-up capital and voting rights.

Shareholding Pattern Changes

The acquisition resulted in a significant change in Bandhan Mutual Fund's shareholding pattern in Pennar Industries. Prior to this transaction, the fund held 66,90,651 shares, representing 4.9580% of the company's voting capital.

Company Capital Structure

Pennar Industries maintains a stable capital structure with no changes resulting from this acquisition. The company's equity share capital remains at INR 67,47,31,155, comprising 13,49,46,231 equity shares with a face value of Rs. 5 each, all fully paid up.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vijayalaxmi Khatri, Chief Compliance Officer of Bandhan AMC Limited, signed the disclosure on behalf of the investment manager. The fund confirmed it does not belong to the promoter or promoter group of Pennar Industries.

Market Implications

The acquisition demonstrates institutional confidence in Pennar Industries, with Bandhan Mutual Fund's Small Cap Fund identifying value in the engineering company's prospects. The fund's PAN number AAETS9556K was disclosed as part of the regulatory requirements. Pennar Industries' shares are listed on both BSE Limited (Scrip Code: 513228) and National Stock Exchange of India Limited (Scrip Code: PENIND).