Purple Wave Infocom Limited convened its 1st Extraordinary General Meeting (EGM) for FY 2026-27 on Saturday, May 9, 2026, at 2:00 PM IST. The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), in accordance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The proceedings and voting results were disclosed to BSE Limited under Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both special resolutions placed before members — pertaining to the Employee Stock Option Plan 2026 — were approved with requisite majority, with 100% of votes polled cast in favour.

Meeting Overview

The EGM commenced at 2:00 PM and concluded at 2:51 PM, inclusive of the time allotted for e-voting at the meeting venue. Ms. Shivani Gupta, Company Secretary, welcomed members and briefed them on the technical aspects of the e-voting process. Mr. Manoj Kumar Singh, Chairman and Managing Director, served as the Chairperson of the meeting and delivered the formal address before handing proceedings over to the Company Secretary.

Key details of the meeting are summarised below:

E-Voting Facility

In compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company provided a remote e-voting facility to its members through the CDSL platform at www.evotingindia.com . Remote e-voting commenced on Wednesday, May 6, 2026, at 9:00 AM and closed on Friday, May 8, 2026, at 5:00 PM. An additional e-voting window was made available during the EGM for members who had not cast their votes prior to the meeting. The cut-off date for determining eligible members was May 2, 2026, and the EGM notice was sent electronically to all members whose names appeared in the register as on April 15, 2026.

Ms. Soniya Gupta, Proprietor of M/s Soniya Gupta & Associates, Practicing Company Secretaries (Membership No. F-7493, CP No. 8136), was appointed as the Scrutinizer to oversee the e-voting process in a fair and transparent manner. The Scrutinizer submitted her report on May 9, 2026. The voting results have been disseminated to the stock exchanges and are also available on the Company's website at https://www.purplewave.in/ and on the CDSL website.

Resolutions Considered

The following special resolutions, as set out in the EGM notice dated March 26, 2026, were placed before members for consideration and approval:

• Resolution 1 (Special Resolution): Approval of the Purple Wave Infocom Limited Employee Stock Option Plan, 2026 (PWIL ESOP 2026).
• Resolution 2 (Special Resolution): Approval for the extension of benefits under PWIL ESOP 2026 to eligible employees of group companies, including subsidiary companies, associate companies, and holding companies, whether located in India or outside India.

Voting Results

Both resolutions were passed with requisite majority. A total of 6,657,991 votes were polled, representing 72.0094% of the total outstanding shares of 9,246,000. All votes polled were cast in favour of both resolutions, with zero votes against and zero invalid votes recorded across all categories.

The detailed voting outcome for Resolution 1 (Approval of PWIL ESOP 2026) is as follows:

The detailed voting outcome for Resolution 2 (Extension of ESOP Benefits to Group Company Employees) is as follows:

Of the total votes polled, 11 members voted via remote e-voting in favour of each resolution, casting 6,657,991 votes, representing 100% of total votes cast. No votes were cast at the EGM itself, and no invalid votes were recorded for either resolution across any shareholder category.

The meeting concluded with the Chairperson presenting a vote of thanks to the members, directors, and Scrutinizer in attendance.

Purple Wave Infocom Limited has announced its 01st Extraordinary General Meeting (EGM) for the Financial Year 2026-27, scheduled to be held on Saturday, May 9, 2026 at 2:00 PM through Video Conferencing. The meeting aims to seek shareholder approval for key resolutions related to employee stock option plans and their extension to group companies.

Employee Stock Option Plan 2026

The primary agenda involves approval of the Purple Wave Infocom Limited Employee Stock Option Plan 2026 (PWIL ESOP 2026). The plan encompasses comprehensive provisions for employee incentivization and retention through equity participation.

The ESOP plan targets permanent employees of the company, including directors (excluding independent directors), with the objective to attract, retain, and motivate key talent while aligning employee interests with company growth. The Nomination and Remuneration Committee will administer the scheme with authority to determine eligibility criteria, vesting conditions, exercise price, and other terms.

Extension to Group Companies

The second resolution seeks approval to extend PWIL ESOP 2026 benefits to employees of associate, holding, and subsidiary companies, whether existing or future, incorporated in India or overseas. This extension falls within the overall ceiling of 4,00,000 options approved under the main scheme.

Key features of the group company extension include:

• Coverage of employees from associate, holding, and subsidiary companies
• Same terms and conditions as the main ESOP plan
• Equity shares arising from option exercise to rank pari passu with existing shares
• Board authorization for identifying eligible employees and determining conditions

Meeting and Voting Details

The EGM will be conducted through Video Conferencing in compliance with Ministry of Corporate Affairs guidelines. Remote e-voting facilities will be provided through Central Depository Services (India) Limited (CDSL).

Shareholders can participate through VC/OAVM with facility available for at least 1,000 members on first-come-first-served basis. Large shareholders holding 2% or more, promoters, institutional investors, directors, and key managerial personnel can attend without restrictions.

Technical and Administrative Provisions

The company has appointed SONIYA GUPTA AND ASSOCIATES, Practicing Company Secretary, as scrutinizer for the voting process. Results will be declared within 2 working days of the EGM conclusion and communicated to stock exchanges as per Regulation 44(3) of SEBI LODR Regulations.

Members attending through VC/OAVM are advised to ensure stable internet connectivity and use updated browsers. The facility for proxy appointment is not available for this EGM, though corporate representatives can attend and vote through e-voting systems.

Strategic Objectives

The ESOP plan aligns with Purple Wave Infocom's strategy to create long-term wealth for stakeholders while fostering employee ownership culture. The scheme aims to reward employees for their association, dedication, and contribution to company goals while supporting sustained growth through value creation and shareholder alignment.

The maximum number of options granted to any employee during one year shall not exceed one percent of issued capital without prior shareholder approval through special resolution. Exercise price will be based on market price one day before the committee meeting approving option grants, ensuring fair valuation aligned with market conditions.