E.I.D. Parry (India) Ltd. — Board/Management Information 2026

Mar 31, 2026

~,,, ... E.I.D. - Parry (India) Limited Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chennai 600 001 , India. Tel : 91.44.25306789 CIN : L24211TN1975PLC006989 Website : www.eidparry.com

March 31, 2026

BSE Limited 1st Floor, New Trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 500125

National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1, G. Block Sandra Kurla Complex, Sandra (E) Mumbai - 400 051 Scrip Code: EIDPARRY

Dear Sir/Madam,

Sub: Intimation on the outcome of the Board Meeting held on March 31, 2026

1. Closure of operations of the Refinery Unit of the Wholly Owned Subsidiary, M/s. Parry Sugars Refinery India Private Limited:

In compliance with Regulation 30(6), read with Para 8(2) of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, ("Listing Regulations"), we hereby inform you that the Board of Directors of the wholly owned subsidiary, M/s. Parry Sugars Refinery India Private Limited ("PSRIPL"), and of the Company, at their respective meetings held today (March 31, 2026), have, inter alia, approved the closure of operations of the refinery unit of PSRIPL with effect from the close of working hours on March 31, 2026.

PSRIPL had established a sugar refinery at Vakalapudi Village, East Godavari, Kakinada in 2006 as a 2,000 TPD SEZ-based export-oriented unit. The original business model was built on importing raw sugar, refining it into white sugar, and exporting the refined sugar to global markets where white sugar commanded a significant premium. At the time of conceptualisation, the global white premium levels were quite attractive, making the project commercially viable. The project economics were also premised on the assured availability of natural gas at Kakinada and generation of surplus power to the Power Grid at a tariff which made the proposal commercially attractive.

However, over the years, several structural shifts materially eroded the fundamentals on which the business model was built. Non-availability of natural gas resulted in investments in coal boiler thereby increasing the operating costs. Further to this, sharp decline in white premiums reduced the spreads and power export revenue dropped to one third of the original projections. In addition, there were shutdowns due to factory accidents, substantial demurrage charges, inventory write-off, hedge losses and high finance cost, which cumulatively have resulted in significant increase in accumulated losses. The accumulated losses as of March 31, 2025, were around Rs. 1,406 Crores. The current geo-political outlook is very challenging.

Despite sustained efforts to improve operational efficiencies, optimise the product mix, reduce costs, and stabilise spreads, the business is unable to overcome the combined internal and external, current and potential challenges. The refinery is, therefore, assessed to be no longer structurally viable.

As of March 31, 2026, the total estimated liabilities of PSRIPL amount to Rs. 998 crores, which includes bank borrowings of Rs. 877 crores backed by support from the Company. Based on the estimated realisation of assets, net of other liabilities, PSRIPL expects to be able to settle Rs. 137 crores of these bank borrowings. The remaining Rs. 740 crores will need to be settled t-

...,,,,,,.. E.I.D. - Parry (India) Limited Regd.Office: Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chenn~i 600 001, India. Tel: 91.44.25306789 CIN: L24211TN1975PLC006989 Website : www.eidparry.com

funds infused by the Company in the form of equity and loans. From the above fresh equity/ loan infusion, it is estimated that the Company will need to create a provision of approximately Rs. 655 crores (across FY 2025-26 and FY 2026-27). In addition, the Company will need to impair the current carrying value of its investment in PSRIPL, amounting to Rs. 46 crores. The Company has adequate funds as of date to meet these requirements.

The detailed disclosure with respect to the closure as required under Regulation 30(6) read with Para B of Part A of Schedule Ill of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure I.

2. Investment up to Rs.610 Crores in the Wholly Owned Subsidiary. M/s. Parry Sugars Refinery India Private Limited:

In compliance with Regulation 30(6) read with Para A(l) of Part A of Schedule Ill of the Listing Regulations, we hereby inform you that the Board of Directors of the company at their Meeting held today (March 31, 2026), has, inter alia, approved investment in the shares of PSRIPL, the wholly owned subsidiary of the Company, up to an amount not exceeding Rs. 610 crores in one or more tranches.

The detailed disclosure with respect to the acquisition as required under Regulation 30(6) read with Para A(l) of Part A of Schedule Ill of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure II.

3. Inter-corporate loan of up to U30 Crores to the wholly owned subsidiary. M/s Parry Sugars Refinery India Private Limited.

In compliance with Regulation 30(6) read with Para B(5) of Part A of Schedule Ill of the Listing Regulations, we hereby inform you that the Board of Directors of the company at their Meeting held today (March 31, 2026), has, inter alia, approved an inter-corporate loan of up to Rs. 130 Crores to PSRIPL, the wholly owned subsidiary of the Company, not exceeding Rs. 130 crores in one or more tranches.

The detailed disclosure as required under Regulation 30(6) read with Para B(5) of Part A of Schedule Ill of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- • POD2/l/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure Ill.

E.I.D. - Parry (India) Limited Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chenn;ii 600 001, India . Tel : 91.44.25306789 CIN : L24211TN1975PLC006989 Website : www.eidparry.com

The meeting of the Board of Directors of the Company commenced at 2:00 pm and concluded at 7:00 pm.

Kindly take the above information on record.

Thanking you,

Yours faithfully, For E.I.D. - PARRY (INDIA} LIMITED Biswa Mohan Rath Company Secretary Encl.: a/a Biswa Mohan Rath Digitally signed by Biswa Mohan Rath Date: 2026.03.31 20:26:48 +05'30'

E.I.D. - Parry (India) Limited Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chenn;ii 600 001, India. Tel : 91.44.25306789 CIN: L24211TN1975PLC006989 Website: www.eidparry.com

Annexure-1

Closure of operations of any unit, division or subsidiary (in entirety or in piecemeal):

Disclosure required pursuant to Regulation 30 of the Listing Regulations read with Para 8(2) of Part A of Schedule Ill to the Listing Regulations and the SEBI Circular having reference no. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026, Closure of operations of any unit, division or subsidiary (in entirety or in piecemeal) of the Listed Entity:

S.No.	Particulars	Details
1	Date of such binding agreement, ifany, entered for sale of suchunit/division, if any;	Not Applicable
2	Amount & percentage of turnover orrevenue or income and net worth ofthe listed entity contributed by suchunit or division during the last	For the purpose of financial year, the company hasadopted the latest audited figures (FY 2024-25):Rs. In Crores% of Contribution toFY 2024-25
	financial year;	the companyRevenue from4262.4513.48Operations
		{672.17)NANet worth
3	Date of closure	Close of working hours on March 31, 2026.
4	Reasons for closure	The sugar refinery, established to process importedraw sugar into refined sugar, has faced persistentoperational and financial challenges since inception.Originally designed to operate on natural gas with a 35MW captive power plant, the project was delayed dueto the non-availability of gas, necessitating additiona!capital investment to install coal-based infrastructure.Following a prolonged mothballing period of nearlythree years, commercial operations commenced onlyin FY 2014-15.Despite several initiatives to improve efficiency andscale up operations, including increasing the meltingcapacity from 2,000 MT to 3,000 MT per day, theunable to overcome from aCompany hasbeennumber of structural and external challenges. These. include high finance costs, a significant inventorymismatch in FY 2020-21, operational accidents, andregulatory shutdowns, such as a two-month stoppage
		in FY 2021-22. Additionally, consecutive acci~FY 2022-23 resulted in an extended shutdow, •'Al'-',.,.

E.I.D. - Parry (India) Limited Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chennai 600 001 , India. Tel : 91.44.25306789 CIN : L24211TN 197SPLC006989 Website : www.eidparry.com

than a month, causing inordinate delay in loadinghuge demurrage, and furthervessels resulting inlosses in the Company's wholly owned subsidiary.
Unfavourableglobalmarketconditionsincludingdeclining white sugar premiums and excess refiningfurthererodedprofitability.capacityhavegeographicdisadvantageofAdditionally,theoperating from the East Coast (Kakinada Port) hasexacerbated the situation. High freight costs, limitedvesselfrequency,andconstraintsincontaineravailability at the East Coast have contributed to anuncompetitive cost structure. As of March 31, 2025,the Company has accumulated losses of Rs. 1406crore, and its net worth has remained negative forseveral years.
In view of the sustained losses, high level of externalborrowings, and the mounting trade payables, theCompany's financial position has deteriorated to apoint where continued operations are no longerviable.
After a detailed study and evaluation of all theavailable strategic options, the Board of Directors, atits meeting held on March 31, 2026, resolved to ceaseoperations of the refinery unit of PSRIPL with effectfrom the close of working hours on March 31, 2026.

Annexure-11

Details with respect to Acquisition (including agreement to acquire) under Regulation 30(6} read with Para A(l) of Part A of Schedule Ill of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026:

S.No	Particulars	Information of such event
1.	Name of the target entity, details inbrief such as size, turnover etc.;	M/s. Parry Sugars Refinery India Private Limited{PSRIPL)
		The turnover of PSRIPL for the financial year endedMarch 31, 2025, is Rs 4,26,245 lakhs.
2.	Whether the acquisition would fallwithin related party transaction{s)thepromoter/andwhetherpromoter group/ group companieshave any interest in the entity	The Company is subscribing to the equity shares ofPSRIPL, its wholly owned subsidiary, at its face value{Rs.10/-), on a rights basis.Accordingly, the transaction is excluded from the
	being acquired? If yes, nature ofinterest and details thereof andwhether theisdoneatsame"arm's length";	underRelatedTransactiondefinitionofPartyregulation 2{1){zc) of the Listing Regulations andexempt from the approvalrequirements underRegulation 23 of the Listing Regulations.
		Except to the extent of shares held by the Companypromoter/ promoter group/grouptheinPSRIPL,companies of the Company have no interest inPSRIPL.
3.	Industry to which the entity beingacquired belongs	Sugar Refinery
4.	Objects and impact of acquisitionlimited(includingbutto,notoffordisclosurereasonsacquisition of target entity, if itsbusiness is outside the main line ofbusiness of the listed entity);	The funds will be utilized by PSRIPL to meet itsvarious liabilities and commitments.
5.	Brief details of any governmentalor regulatory approvals requiredfor the acquisition;	~Not Applicable
6.	forIndicativetimeperiodcompletion of the acquisition;	The Investment is expected to be completed by May31, 2026.
7.	cashConsiderationwhether-consideration or share swap or anyother form and details of the same	Cash Consideration
8.	Cost of acquisition and/or the priceat which the shares are acquired;	~s. 610 Crores

E.I.D. - Parry (India) Limited Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chenn;ii 600 001 , India . Tel : 91.44.25306789 CIN : L24211TN1975PLC006989 Website : www.eidparry.com

9.	/Percentageofshareholding	, There will be no change in the shareholding of the
	control acquired and / or number	Company in PSRIPL. PSRIPL will continue to remain a
	of shares acquired;	wholly owned subsidiary of the Company.
10.	Brief background about the entity	PSRIPL was incorporated in 2006. PSRIPL has been
	acquired in terms of products/line	engaged in the sugar refining business. It has a
	ofbusinessacquired,dateof	refinery at the food processing SEZ at Beach Road,
	history of last 3incorporation,	Vakalapudi Village, East Godavari, Kakinada, Andhra
	years turnover, country in which	Pradesh - 533003
	the acquired entity has presence
	andothersignificantany	The turnover of PSRIPL for the last three years is
	information (in brief);	given below:
		(Rs. In Lakhs)
		IIMarch '23	IMarch '24	IMarch '25
		II2,s1,020	I4,40,082	I4,26,245

Annexure-111

Details with respect to Agreements (viz. loan agreement(s) or any other agreement(s) which are binding and not in normal course of business. revision(s) or amendment(s) and termination(s) thereof under Regulation 30(6) read with Para 8(5) of Part A of Schedule Ill of the Listing Regulations and SEBI Circular No. H0/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026:

S.No	Particulars	Information of such event
1.	Name(s) of parties with whom theagreement is entered	M/s. Parry Sugars Refinery India Private Limited(PSRIPL)
2.	ofenteringintothePurposeagreement	(India)("theCompany")E.1.0.-ParryLimitedproposed to give loan to PSRIPL, a wholly owned
		subsidiary of the company.
3.	Size of agreement	Upto Rs.130 Crores
4.	Shareholding, if any, in the entitywithwhomtheisagreementexecuted	PSRIPL is a Wholly Owned Subsidiary of the company,hence 100% of shareholding is held by the company.
5.	Significant terms of the agreement(in brief) special rights like right toappoint directors, firstright toofsharesubscriptionincaseissuance of shares, right to restrictany change in capital structure etc.	Not applicable
6.	thesaidpartiesWhetherarepromoter/promoterrelatedtogroup companies in anygroup/ofIfnaturemanner.yes,relationship;	PSRIPL is a Wholly Owned Subsidiary of the company.
7.	Whether the transaction wouldfallwithinrelatedpartytransactions? If yes, whether thesame is done at "arm's length"	The transaction is an exempted transaction as it is aholding company andbetween thetransactionwholly owned subsidiary company.
		Except to the extent of shares held by the Companypromoter/promoter group/groupPSRIPL,theincompanies of the Company have no interest inPSRIPL.
		The transaction is at arm's length.
8.	In case of issuance of shares to	NA
	the parties, details of issue price,
	class of shares issued

..,_,,,,,. E.I.D. - Parry (India) Limited Regd.Office: Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chenn;ii 600 001, India . Tel: 91.44.25306789 CIN: L24211TN1975PLC006989 Website : www.eidparry.com

9.	In case of loan agreements, details
	of lender/borrower, nature of the	Particulars	Details
	ofloanloan,totalamount	Lender	(India)E.I.D.-Parry
	granted/taken,totalamount		Limited
	outstanding, date of execution of	Borrower	RefineryParrySugars
	agreement/sanctiontheloan		India Privat e Limited
	ofsecurityletter,detailsthe	Total amount of loan	Rs.130 Crores
	provided to the lenders / by the	granted
	borrowers for such loan or in case	Totalamount	NIL
	outstanding loans lent to a party or	outstanding
	borrowed from a party become	Date of execution of	Loan Agreement is yet
	material on a cumulative basis	the loan agreement	to be executed
		Details of the security	Unsecured
		theprovidedby
		borrowers
10.	Any other disclosures related to	NA
	such agreements, viz., details of
	nominee on the board of directors
	listedentity,potentialof the
	conflict of interest arising out of
	such agreements, etc
11.	ofterminationInorcase	NA
	amendment of agreement, listed
	shalldiscloseadditionalentity
	details to the stock exchange(s):
	partiesthei.oftoname
	agreement;
	ii. nature of the agreement;oftheofexecution
	iii. date
	agreement;ofamendmentandiv. details
	impact thereof or reasons of
	andimpacttermination
	thereof.