Shanti Gold International has informed the stock exchanges of a forthcoming Board of Directors meeting, scheduled for Thursday, May 21, 2026. The intimation, dated May 16, 2026, was filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been submitted to both BSE Limited and the National Stock Exchange of India Limited.

Board Meeting Details

The upcoming board meeting has been convened to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders, Shanti Gold International had previously intimated the closure of the Trading Window vide a letter dated March 24, 2026. The Trading Window will continue to remain closed until 48 hours from the announcement of the financial results for the quarter and year ended March 31, 2026.

The intimation has been signed by Vrushti Shah, Company Secretary & Compliance Officer of Shanti Gold International, and has also been uploaded on the company's official website at www.shantigold.in .

Shanti Gold International Limited's Board of Directors, at its meeting held on May 11, 2026, approved a voluntary change in the accounting policy for inventory valuation. The company will transition from the First-In-First-Out (FIFO) method to the Weighted Average Cost (WAC) method, upon the recommendation of the Audit Committee. The change is being implemented in accordance with Ind AS 8, which permits such a voluntary shift only where the new policy provides financial statements containing more reliable and relevant information. The change will be applied retrospectively with effect from April 01, 2024, and will govern financial reporting from FY 2025-26 onwards.

Key Details of the Accounting Policy Change

The following table summarises the key parameters of the approved policy change:

Rationale for the Change

The Audit Committee recommended the transition to the WAC method on the basis that it better serves the company's operational and reporting requirements. The key reasons cited include:

• Better reflection of the blended cost of inventories given price volatility in raw material procurement
• Improved and consistent cost-revenue matching, enhancing the reliability of reported performance
• Alignment of the company's accounting policy with prevalent industry practice, improving comparability with peer entities

Financial Impact on Profit Before Tax

The company has carried out a detailed analysis to quantify the impact of this change across restated periods. The estimated impact on Profit Before Tax (PBT) under both methods is presented below:

Financial Information for FY 2024-25 Post Policy Change

The table below presents the restated financial information for FY 2024-25 after considering the impact of the change in accounting policy:

All metrics and details provided above are subject to the audit process by the Statutory Auditors.

Compliance and Next Steps

The requisite submissions and filings on account of the change in inventory valuation method will be made in due course. The Board Meeting commenced at 04:00 p.m. IST and concluded at 04:45 p.m. IST on May 11, 2026. The intimation has also been uploaded on the company's website at www.shantigold.in .