Sejal glass Limited has announced a key corporate governance development with the appointment of new statutory auditors for its material subsidiary operations in the United Arab Emirates. The company disclosed this appointment in compliance with regulatory requirements, marking an important step in strengthening its audit framework for international operations.

Auditor Appointment Details

The company has appointed N R Doshi and Partners - Public Accountants L.L.C. as the statutory auditor for Sejal Glass and Glass Manufacturing Products LLC, its material subsidiary incorporated under UAE laws. The appointment became effective on January 13, 2026.

About the Appointed Auditor

N R Doshi and Partners - Public Accountants L.L.C. brings significant expertise to the role as a leading accounting and audit firm headquartered in Dubai, UAE. The firm has established a strong reputation in the region with over 40 years of experience in delivering expert financial services.

The auditor's service portfolio encompasses:

• Accounting services
• VAT compliance
• Tax advisory
• Audit services
• Compliance management

The firm is consistently ranked among the top audit firms in the UAE, demonstrating its credibility and expertise in the regional market.

Regulatory Compliance

Sejal Glass Limited made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The disclosure has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring full transparency with all stakeholders. Additionally, the information will be hosted on the company's official website at www.sejalglass.co.in for public access.

Strategic Significance

This auditor appointment reflects Sejal Glass Limited's commitment to maintaining robust governance standards across its international operations. The selection of an established UAE-based audit firm with extensive local expertise ensures compliance with regional regulations while maintaining high audit quality standards for the material subsidiary operations.

Sejal Glass Limited has successfully completed its preferential allotment of equity shares and convertible warrants, raising Rs. 94.35 crore as previously announced. The company's Implementation Committee of Directors approved the allotment on December 17, 2025, marking the completion of this significant fundraising initiative.

Allotment Details

The company has allotted securities as per the original proposal:

Major Allottees - Equity Shares

The equity shares have been distributed among various categories of investors:

Additional promoter group members received smaller allocations ranging from 4,000 to 8,000 shares each, including members of the Gosar, Savla, Rambhiya, Chheda, Tanna, Gada, Mamania, Bheda, and Shah families.

Convertible Warrants Distribution

The 4,00,000 convertible warrants have been allotted to promoter group entities:

Warrant Conversion Terms

The convertible warrants carry the right to subscribe to one equity share of face value Rs. 10.00 each at a premium of Rs. 545.00 per equity share. Warrant holders can exercise their conversion rights within 18 months from the allotment date, with 25% upfront payment required and the remaining 75% due upon conversion.

Regulatory Compliance

The preferential allotment has been conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulatory guidelines. The company has informed both BSE and NSE about the completion of this allotment process.

This successful fundraising strengthens Sejal Glass Limited's financial position and provides the company with additional capital for its growth initiatives and operational requirements.