Cravatex Ltd. — Capital/Financing Update 2023

May 26, 2023

Registered Office : Ground Floor (East Wing), Forbes Building. Charanjit Rai Marg. Fort, Mumbai - 400 001 CIN L93010MH1951PLC008546 Telephone No. : +91 22 6666 7474 Email : info@cravatex.com Website : www.cravatex.com

- CRAVAT EX LIMITED

26•h May, 2023

BSELimited Department of Corporate Services (DCS-Listing) Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Company Code : 509472

Dear Sirs,

Sub: Audited Financial Results (Standalone & Consolidated) and Recommendation of Dividend, if any.

Ref : Disclosure under Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We wish to inform you that the Board of Directors of the Company at their Meeting held today, which started at 2.45 p.m. and concluded at 4.50 p.m .. have :

• a) approved the audited financial results (standalone & consolidated), statement of. assets & liabilities (standalone & consolidated) and cash flow statement (standalone & consolidated) for the financial year ended 31" March, 2023 together with Auditors' Report.

Further pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Statutory Auditors of the Company have issued the Auditors' Report for the financial year ended 31" March, 2023 with unmodified opinion.

• b) recommended a dividend of Rs.0.40 per share (4%) each on Non­ convertible Cumulative Redeemable Preference Shares (Unlisted) of Rs.10/­ each for the financial year ended 31" March, 2023, for approval of the members at the forthcoming Annual General Meeting.

• c) recommended a dividend of Rs.1.50 per share (15%) on Equity Shares (Listed) of Rs.10/- each for the financial year ended 31" March, 2023, for approval of the members at the forthcoming Annual General Meeting.

Thanking You, For Cravatex Limited,

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Sudhanshu Namdeo Company Secretary and Compliance Officer Membership No.A17132

Encl: a.a.