Jattashankar Industries Limited — Proxy Solicitation & Information Statement 2026

May 27, 2026

JATTASHANKAR INDUSTRIES LIMITED

CIN L46305MH1988PLC048451

Regd. office: 11, Parasrampuria Apartment, Film City Road, Gokuldham,

Goregaon (East), Mumbai-400063.

Corp Office: Office No B-311 3rd Floor Empire Business Hub, Science City Road Sola,

Ahmedabad, Gujarat, India, 380060, Tel -28414262

Email: jattashankarind@yahoo.com Website: www.jsil.in

Date: 27th May, 2026

To,

BSE Limited,

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai – 400 001.

Dear Sir/Ma’am,

Sub: Corrigendum to the Notice of Postal Ballot dated 12th May, 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Symbol: JATTAINDUS | Security Code: 514318 | ISIN: INE722N01014

In compliance with the provisions of the Companies Act, 2013 read with the rules made thereunder, including Secretarial Standard-2 on General Meetings, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), and other applicable laws and regulations, Jattashankar Industries Limited (“the Company”) had circulated the Notice of Postal Ballot dated 12th May, 2026 to its shareholders on 12th May, 2026 and had subsequently issued a Corrigendum dated 20th May, 2026 to the said Postal Ballot Notice to its shareholders on 20th May, 2026.

Subsequently, the Company is issuing a further Corrigendum dated 27th May, 2026 to the aforesaid Postal Ballot Notice to provide certain modifications to the Resolution and the Explanatory Statement pertaining to Agenda Item No. 2 of the Postal Ballot Notice.

Except as specifically modified by way of the Corrigendum dated 20th May, 2026 and 27th May, 2026, all other terms and contents of the Postal Ballot Notice shall remain unchanged. The Corrigendum should be read in conjunction with the Postal Ballot Notice dated 12th May, 2026.

The Corrigendum is being sent to all the shareholders of the Company and is also being made available on the website of the Company and on the website of the Stock Exchange.

Kindly take the above information on record and disseminate the same to all concerned.

Thanking You,

For Jattashankar Industries Limited

Khudai Keval Jayanti

Digitaly signed by Khudai Keval Jayanti

Date: 2026.05.27 14:45:35 +05'30'

Keval Jayanti Khudai

Managing Director

DIN: 11153664

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CORRIGENDUM TO NOTICE OF THE POSTAL BALLOAT DATED 12TH MAY, 2026 OF JATTASHANKAR INDUSTRIES LIMITED

Our Company had issued the Notice of Postal Ballot dated 12th May, 2026, along with the Explanatory Statement, to the members of the Company on 12th May, 2026. Subsequently, the Company issued a Corrigendum to the said Notice on 20th May, 2026, regarding the revision/modification of the resolution and explanatory statement pertaining to Agenda No. 2.

Further, the present Corrigendum dated 27th May, 2026, is being issued for further revision/modification of the resolution and explanatory statement pertaining to Agenda No. 2, in compliance with the provisions of the Companies Act, 2013, read with the rules framed thereunder, including Secretarial Standard-2 on General Meetings, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), and other applicable laws and regulations, for seeking the approval of the members for the special business set out therein through remote e-voting by way of the postal ballot process. The remote e-voting process commenced on 13th May, 2026, and shall remain open until 11th June, 2026, at 05:00 P.M.

Pursuant to the provisions of Sections 23(1)(b), 42, 62(1)(c), and other applicable provisions, if any, of the Companies Act, 2013, as amended (the "Act"), read with the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Companies (Share Capital and Debentures) Rules, 2014, and other applicable rules framed thereunder (including any statutory modification(s), amendment(s), or re-enactment(s) thereof for the time being in force), this Corrigendum to the Notice of Postal Ballot is being issued in relation to Agenda No. 2 pertaining to the issuance of convertible warrants on a preferential basis.

The revision in Agenda No. 2 pertains to the reduction in the issue size of the proposed issuance of convertible warrants on a preferential basis due to the ineligibility of one allottee. Except for the aforesaid revisions to Resolution No. 2 and the related Explanatory Statement, as well as the revisions made through the previous Corrigendum to the Notice of Postal Ballot issued on 20th May, 2026, all other contents of the Notice of Postal Ballot shall remain unchanged.

Resolution:

Agenda No. 2: Issue of Warrants, Convertible into Equity Shares to person(s) and/or entity(ies) belonging to "Promoter and Promoter Group" category and "Non-Promoter" category on a preferential basis:

To consider and if thought fit, to pass with or without modification(s) the following Resolution as a Special Resolution:

"RESOLVED THAT, pursuant to the provisions of Sections 23(1)(b), 42, 62(1)(c) and other applicable provisions, if any, of the Companies Act, 2013, as amended (the "Act"), read with the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Companies (Share Capital and Debentures) Rules, 2014 and other applicable rules made thereunder (including any statutory amendment(s), modification(s), or re-enactment(s) thereof for the time being in force), and in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), as amended from time to time, and the listing agreement entered into by the Company with Stock Exchange(s) i.e., BSE Limited ("BSE"), where the Equity Shares of the Company having a face value of Rs. 10/- (Rupees Ten Only) each ("Equity Shares") are listed, and subject to all other applicable rules, regulations, guidelines, circulars, notifications and clarifications issued by the Ministry of Corporate Affairs ("MCA"), the Securities and Exchange Board of India ("SEBI"), and/or any other competent regulatory authority from time to time (collectively referred to as "Applicable Regulatory Authorities"), and in accordance with the enabling provisions of the Memorandum of Association ("MOA") and Articles of Association ("AOA") of the Company, and subject to such approvals, consents, permissions, and sanctions as may be necessary or required from time to time from the Applicable Regulatory Authorities and subject to such conditions as may be imposed or prescribed while granting such approvals, consents, permissions, and sanctions, which may be agreed to by the Board of Directors of the Company (the "Board", which term shall be deemed to include any Committee(s) constituted/ to be constituted by the Board to exercise its powers, including the powers conferred by this resolution), the consent of the Members of the Company be and is hereby accorded to the Board to create, issue, offer and allot, in one or more tranches, upto 81,55,000 (Eighty-One Lakhs Fifty-Five Thousand) Convertible Warrants ("Warrants") of face value of Rs. 10/- (Rupees Ten Only) each, for cash, entitling the Proposed Allottee(s)/ Warrant holders ("Proposed

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Allottees") to exercise option to convert and get allotted, in one or more tranches, one equity share of Rs. 10/- each fully paid-up against each warrant, within a period of 18 (Eighteen) months from the date of allotment of warrants, at a price of Rs. 92/- (Rupees Ninety-Two Only {including premium of Rs. 82/- (Rupees Eighty-Two Only)}) each ("Warrant Issue Price"), aggregating to not more than Rs. 75,02,60,000/- (Rupees Seventy-Five Crores Two Lakhs Sixty Thousand Only), which is not less than the price determined in accordance with Chapter V of the SEBI ICDR Regulations ("Floor Price") and as per the valuation report obtained from, M/s. Procurve Valux Private Limited, Registered Valuer Entity, Ahmedabad."

"RESOLVED FURTHER THAT, the warrants shall be offered and issued on a preferential basis ("Preferential Issue") to the Proposed Allottees, who belong to the "Promoter and Promoter Group" category and "Non-Promoter" category, for consideration in cash, on such terms and conditions as may be determined by the Board in accordance with the SEBI ICDR Regulations, the Act, and other applicable laws."

Sr. No.	Name of the Proposed Allottee(s)	Category	No. of Convertible Warrants proposed to be issued
1.	Keshwala Panisha Rajeshbhai	Public	2,50,000
2.	Lakhmanbhai Bhurabhai Odedara	Public	3,00,000
3.	Jebaliya Vimaben Vijaybhai	Public	3,50,000
4.	Jebaliya Aditya Vijaybhai	Public	1,50,000
5.	Ashokkumar Raghuram Thakker	Public	75,000
6.	Odedra Hiteshbhai Rajabhai	Public	1,00,000
7.	Veerrajbhai Bhabhlubhai Vala	Public	1,00,000
8.	Vasoya Dipakbhai B	Public	1,00,000
9.	Gida Deshubhai Lakhubhai	Public	2,00,000
10.	Mahesh Alabhai Odedra	Public	2,00,000
11.	Odedra Minaben Mahesh	Public	75,000
12.	Odedra Varun	Public	75,000
13.	Gida Mahavirbhai Aligbhai	Public	75,000
14.	Thakkar Khushi Dharmeshbhai	Public	2,00,000
15.	Thakkar Chetanaben Dharmeshkumar	Public	2,00,000
16.	Magestic Capital Finance Advisory Private Limited	Public	11,00,000
17.	Thaker Hemantkumar Labhshankar	Public	75,000
18.	Gida Vishvajeet Devayatbhai	Public	75,000
19.	Gida Raviraj Aaligbhai	Public	75,000
20.	Gida Harapalsinh Devayatbhai	Public	75,000
21.	Rajabhai Bhura Odedra	Public	3,00,000
22.	Ajay Dadubhai Jebaliya	Public	1,00,000
23.	Vijay Dadubhai Jebaliya HUF	Public	2,25,000
24.	Vishal Mahendrabhai Thekdi	Public	1,50,000
25.	Ripalben V Thekadi	Public	1,50,000
26.	Dahyabhai Mafatlal Patel	Public	2,00,000
27.	Patel Prafulaben D	Public	2,00,000
28.	Patel Pratik Pravinkumar	Public	1,50,000
29.	Patel Nidhi Pratik	Public	75,000
30.	Desai Lalji Gandabhai	Public	25,000
31.	Digvijaysinh Chauhan HUF	Public	50,000
32.	Prabodh Natvarlal Patel	Public	50,000
33.	Prabodh N Patel HUF	Public	75,000
34.	Finvention Finvest Private Limited	Public	3,00,000
35.	Spazioa Formulations Limited	Public	2,00,000
36.	Alantis Comtrade LLP	Promoter Group	1,50,000
37.	Alantis Exim LLP	Promoter Group	1,50,000
38.	OTP Tradex LLP	Public	1,50,000
39.	Alantis Globe LLP	Promoter Group	1,50,000
40.	OTP Advisory LLP	Promoter Group	1,50,000
41.	Mukesh Ladha	Public	1,00,000
42.	Murli Manohar Ladha	Public	1,00,000
43.	Pioneer Trading	Public	1,00,000
44.	Venture Global Traders	Public	1,00,000
45.	Fusion Commerce Hub	Public	1,00,000

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46.	Plus Trading Co	Public	1,00,000
47.	Jai Balaji Trading Co	Public	1,00,000
48.	Global Commerce HUB	Public	1,00,000
49.	Mamta Ladha	Public	1,00,000
50.	Sushil Kumar Ladha	Public	1,00,000
51.	Sushil Ladha-HUF	Public	75,000
52.	Shobha	Public	1,00,000
53.	Pushpadevi Ladha	Public	50,000
54.	Madan Gopal Ladha	Public	55,000
55.	Madan Gopal Ladha (HUF)	Public	25,000
	Total		81,55,000

"RESOLVED FURTHER THAT, pursuant to the provisions of Chapter V of the SEBI (ICDR) Regulations, the Relevant Date for determining the issue price of the Convertible Warrants to be issued on Preferential basis is fixed as Tuesday, 12th May, 2026 ("Relevant Date") being 30 days prior to the date of the passing of this resolution being the last date of remote e-voting.

"RESOLVED FURTHER THAT, the minimum price of the equity shares for the issue of Convertible Warrants shall not be less than the price determined in accordance with Chapter V of the SEBI ICDR Regulations. Since the equity shares of the Company are infrequently traded as on the Relevant Date and the proposed allotment exceeds five percent (5%) of the post-issue fully diluted share capital of the Company, a valuation report dated Tuesday, 12th May, 2026 has been obtained from M/s. Procurve Valux Private Limited, Ahmedabad, bearing Registration No. IBBI/RV-E/02/2025/218, a Registered Valuer Entity. The issue price has been determined after taking into account the said valuation report, and the same can be accessed on the Company's website, i.e., https://jsil.co.in/."

"RESOLVED FURTHER THAT, without prejudice to the generality of the above resolution, the issue of Warrants on preferential basis to the Proposed Allottees, and the Equity Shares to be issued upon exercise of the option attached to the Warrants, shall be subject to the following terms and conditions, in addition to such other conditions as may be prescribed under applicable laws:

a. Amount payable on Allotment of Warrants shall be 25% of the issue price per warrant and the balance amount i.e. 75% of issue price per warrant, shall be paid at the time of allotment of the equity shares pursuant to exercise of option to convert the warrants into equity shares;

b. The said warrant(s) shall be issued and allotted in dematerialized form Only and within a maximum period of fifteen (15) days from the date of passing of the Special Resolution by the Members, provided that where such allotment is subject to receipt of any approval or permission from regulatory authorities, the allotment of warrants shall be completed within fifteen (15) days from the date of receipt of the last of such approvals/ permissions, or within such extended period as may be permitted under the SEBI (ICDR) Regulations, as amended from time to time;

c. The equity shares allotted on conversion of the warrants shall rank pari-passu in all respects (including voting powers and the right to receive dividend), with the existing equity shares of the Company from the date of allotment thereof and shall be subject to the provisions of the Memorandum of Association ("MOA") and Articles of Association ("AOA") of the Company;

d. The tenure of warrants shall not exceed 18 (Eighteen) months from the date of allotment of the warrants;

e. The proposed allottees of warrants shall be entitled to exercise option to convert warrants, in one or more tranches for allotment of one equity share of face value of Rs. 10/- (Rupees Ten Only) for every warrant, within a period of 18 (Eighteen) months from the date of allotment of such warrants and upon exercise of the option by proposed allottees, the Company shall issue and allot appropriate number of equity shares and perform all such actions as are required including to credit the same to the respective demat accounts of the Proposed Allottees;

f. In case, the warrant holder does not apply for the conversion of the outstanding warrants into equity shares of the Company within 18 (Eighteen) months from the date of allotment of the said warrants, then the amount paid on each of the said outstanding warrants shall be forfeited and all the rights attached to the said warrants shall lapse automatically;

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g. The said warrants by itself, until exercise of conversion option into equity shares allotted, does not give any rights to the warrant holder with respect to that of the Shareholders of the Company;

h. The warrants shall be exercised in a manner that is in compliance with the minimum public shareholding norms prescribed for the Company under the SEBI (LODR) Regulations and the Securities Contracts (Regulation) Rules, 1957;

i. The issue of the warrants as well as equity shares arising from the exercise of the warrants shall be governed by the regulations and guidelines issued by SEBI or any other statutory authority as the case may be including any modifications thereof from time to time;

j. Upon exercise of the option by the allottee to convert the warrants into equity shares within a period of 18 (Eighteen) months, the equity shares, pursuant to exercise of warrants, shall be allotted within a period of 15 days from the date of such exercise by the allottee in compliance with provisions of Regulation 162(2) of SEBI (ICDR) Regulations;

k. The warrants and the equity shares allotted pursuant to exercise of such warrants shall be subject to a lock-in for such period as specified under applicable provisions of the SEBI (ICDR) Regulations and allotted equity shares pursuant to conversion of warrants shall be listed on the stock exchange where the existing equity shares of the Company are listed, subject to the receipt of necessary permissions and approvals.

Further, the aforesaid warrants shall not be sold, transferred, hypothecated or encumbered in any manner by the proposed allottees during the period of lock-in, except to the extent and in the manner permitted under Chapter V of SEBI ICDR Regulations;

The pre-preferential shareholding, if any, of the Proposed Allottee(s) in the Company shall also be subject to lock-in as specified in the provisions of Chapter V of the SEBI ICDR Regulations;

l. The Company shall procure the listing and trading approvals for the equity shares to be issued and allotted to the warrant holders upon exercise of the warrants from the relevant Stock Exchange in accordance with the SEBI (LODR) Regulations and all other applicable laws, rules and regulations.

m. The total number of convertible warrants and equity shares offered, issued, and allotted shall not exceed the number of shares approved by the members.

Without prejudice to the above, the issue of the equity shares pursuant to conversion of warrants, shall be subject to the terms and conditions as contained in the explanatory statement under Section 102 of the Act annexed hereto, which shall be deemed to form part thereof."

"RESOLVED FURTHER THAT, the Board be and is hereby authorized to issue and allot such equity shares to be issued and allotted upon conversion of the said warrants and that equity shares shall be subject to the provisions of the Articles of Association ("AOA") of the Company and shall rank pari-passu in all respects, including entitlement for dividend, with the existing Equity Shares of the Company.

"RESOLVED FURTHER THAT, the Board be and is hereby authorized to decide and approve other terms and conditions of the issue of the convertible warrants and shall also be entitled to vary, modify or alter any of the terms and conditions, as it may deem fit, subject however to the compliance with the applicable guidelines, notifications, rules and regulations."

"RESOLVED FURTHER THAT, subject to the receipt of such approvals as may be required under applicable law, consent of the Members of the Company be and is hereby accorded to record the name and details of the Proposed Allottees in Form PAS-5, and issue a private placement offer cum application letter in Form PAS-4, to the proposed allottees in accordance with the provisions of the Act, after passing of this resolution with a stipulation that the allotment would be made only upon receipt of In-principle approval from BSE Limited ("BSE"), within the timelines prescribed under the applicable laws."

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"RESOLVED FURTHER THAT, the Company hereby takes note of the certificate received from the Practicing Company Secretary certifying that the proposed issue of Convertible Warrants is being made in compliance with the SEBI (ICDR) Regulations."

"RESOLVED FURTHER THAT, for the purpose of giving effect to this resolution, any Director, Committee of the Board, or the Company Secretary of the Company be and are hereby severally authorized to do all such acts, deeds, matters, and things as may be deemed necessary, desirable, or expedient, including without limitation: issuing clarifications, resolving questions of doubt, effecting any modifications or changes to the foregoing (including modifications to the terms of the issue), entering into contracts, arrangements, agreements, documents (including the appointment of agencies, intermediaries, and advisors for the issue), filing requisite documents with the Registrar of Companies, Depositories, Stock Exchange, and other regulatory authorities, and to take such steps as may be incidental, consequential, or ancillary in this connection. The decision of the Board in this regard shall be final and conclusive."

"RESOLVED FURTHER THAT, any Director and/or the Company Secretary of the Company be and are hereby authorized to delegate all or any of the powers herein conferred to any Committee of the Board, any Director(s), or Officer(s) of the Company, including the authority to make necessary filings with the Stock Exchange and other regulatory authorities, execution of documents, representation before governmental authorities, and appointment of Consultants, Professional Advisors, and Legal Advisors, for giving effect to the above resolution."

"RESOLVED FURTHER THAT, all actions already taken by the Board in connection with any of the matters referred to in or contemplated by the foregoing resolutions be and are hereby approved, ratified, and confirmed in all respects, as if the same had been done with the authority of the Members."

Explanatory Statement to Agenda No. 2:

Pursuant to the provisions of Sections 23(1)(b), 42 and 62(1)(c) and other applicable provisions, if any, of the Companies Act, 2013 ("Act") read with the Companies (Prospectus and Allotment of Securities) Rules, 2014, the Companies (Share Capital and Debentures) Rules, 2014 and other applicable rules made thereunder, including any statutory modification(s) or re-enactment(s) thereof for the time being in force, and in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), as amended from time to time, approval of the Members of the Company by way of a Special Resolution is required for the issue of securities on a preferential basis.

Accordingly, the Board of Directors of the Company, at its meeting held on Tuesday, 12th May, 2026, subject to such statutory/regulatory approvals as may be necessary and approval of the Members of the Company, approved the issue and allotment of up to 86,95,000 (Eighty-Six Lakhs Ninety-Five Thousand) Convertible Warrants of face value of Rs. 10/- (Rupees Ten Only) each, at an issue price of Rs. 92/- (Rupees Ninety-Two Only) per Warrant, including a premium of Rs. 82/- (Rupees Eighty-Two Only) per Warrant, aggregating up to Rs. 79,99,40,000/- (Rupees Seventy-Nine Crores Ninety-Nine Lakhs Forty Thousand Only), for cash consideration, on a preferential basis to certain persons/entities belonging to the "Promoter and Promoter Group" category and "Non-Promoter" category, as detailed in the resolution.

Further note that, due to ineligibility of the three allottees, the issue size of the said preferential issue of convertible warrants has been reduced as below:

Issuance of 81,55,000 (Eighty-One Lakhs Fifty-Five Thousand) Convertible Warrants at a price of Rs. 92/- (Rupees Ninety-Two Only) per warrant, including a premium of Rs. 82/- (Rupees Eighty-Two Only) per warrant, aggregating to Rs. 75,02,60,000/- (Rupees Seventy-Five Crores Two Lakhs Sixty Thousand Only), for consideration in cash, to person(s) and/or entity(ies) belonging to the "Promoter and Promoter Group" category and the "Non-Promoter" category.

Each Warrant shall be convertible into one fully paid-up Equity Share of face value of Rs. 10/- (Rupees Ten Only) each of the Company within a period of 18 (Eighteen) months from the date of allotment of the Warrants, in accordance with the applicable provisions of the SEBI ICDR Regulations and on such terms and conditions as may be determined by the Board.

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The proposed Preferential Issue shall not result in any change in the management or control of the Company. The proposed allottee(s) have confirmed that they are eligible to subscribe to the Warrants proposed to be issued under the Preferential Issue in terms of Regulation 159 of the SEBI ICDR Regulations.

Accordingly, approval of the Members is being sought by way of a Special Resolution under the applicable provisions of the Act and the SEBI ICDR Regulations for the Preferential Issue, as set out in the accompanying resolution.

Point No. 1: Particulars of the offer including date of passing of Board resolution:

The Board, pursuant to its resolution dated Tuesday, 12th May, 2026, for raising of funds through a preferential issue, and after considering the report provided by the Registered Valuer Entity on the pricing of shares, has approved the same.

Accordingly, the Board has approved the issue of 86,95,000 (Eighty-Six Lakhs Ninety-Five Thousand) Convertible Warrants at a price of Rs. 92/- (Rupees Ninety-Two Only (including a premium of Rs. 82/- (Rupees Eighty-Two Only))) per warrant, for consideration in cash, to person(s) and/or entity(ies) belonging to "Promoter and Prompter Group" category and "Non-Promoter" category. The said issue price is not less than the floor price determined in accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations, and the issue shall be made on a preferential basis.

Further note that, due to ineligibility of the three allottees, the issue size of the said preferential issue of convertible warrants has been reduced as below:

Issuance of 81,55,000 (Eighty-One Lakhs Fifty-Five Thousand) Convertible Warrants at a price of Rs. 92/- (Rupees Ninety-Two Only) per warrant, including a premium of Rs. 82/- (Rupees Eighty-Two Only) per warrant, aggregating to Rs. 75,02,60,000/- (Rupees Seventy-Five Crores Two Lakhs Sixty Thousand Only), for consideration in cash, to person(s) and/or entity(ies) belonging to the "Promoter and Promoter Group" category and the "Non-Promoter" category.

Point No. 2: The Objects of the issue:

The Company intends to utilize the proceeds raised through the Preferential Issue ("Issue Proceeds") towards the following objects:

a. To meet the Working Capital requirements of the Company (hereinafter referred to as "Working Capital requirements");

b. Upto 25.00% (twenty-five percent) of the Issue Proceeds will be utilized for general corporate purposes, which shall include, inter-alia, meeting ongoing business exigencies and contingencies, corporate expenses, and/or any other purpose permissible under applicable laws, in such manner and proportion as may be decided by the Board from time to time (hereinafter referred to as "General Corporate Purposes").

(Collectively referred to as the "Objects")

Utilization of Issue Proceeds:

Given that the funds to be received against conversion of warrants will be in tranches and the quantum of funds required on different dates may vary, therefore, the broad range of intended use of the Issue Proceeds for the above objects is set out herein below:

Sr. No.	Particulars	Total estimated amount to be utilised for each of the Objects (Amount in Rupees)	Tentative timelines for utilization of Issue Proceeds from the date of receipt of funds
1.	To meet working capital requirement of the Company	60,00,00,000	Within 6 months from receipt of funds. (as set out herein)
2.	General Corporate Purpose	15,02,60,000
Total		75,02,60,000

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Given that the Preferential Issue is for convertible warrants, the Issue Proceeds shall be received by the Company within 18 (Eighteen) months from the date of allotment of the warrants in terms of Chapter V of the SEBI ICDR Regulations, and as estimated by our management, the entire Issue Proceeds would be utilized for all the aforementioned objects, in phases, as per the Company's business requirements and availability of Issue Proceeds, within 6 months from the date of receipt of funds for the warrants (as set out herein).

Point No. 3: Kinds of securities offered and the price at which security is being offered and the total number of shares or other securities to be issued:

The Company has agreed to issue upto 81,55,000 (Eighty-One Lakhs Fifty-Five Thousand) Convertible Warrants at a price of Rs. 92/- (Rupees Ninety-Two Only {including a premium of Rs. 82/- (Rupees Eighty-Two Only)}). The said issue price is not less than the floor price determined in accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations.

Point No. 7: The pre issue and post issue shareholding pattern of the Company:

The pre-issue shareholding pattern of the Company as on 31st March, 2026 and the post-issue shareholding pattern (considering full allotment of equity shares issued on preferential basis) is mentioned herein below:

Sr. No.	Description	Pre-Issue shareholding		Post issue shareholding
		No. of shares	% of shares	No. of shares	% of shares
(A)	Promoter and Promoter Group's Shareholding
1	Indian
(a)	Individuals/ Hindu Undivided Family	31,83,483	72.56	31,83,483	25.38
(b)	Central Government/ State Government(s)	0	0.00	0	0.00
(c)	Bodies Corporate	0	0.00	6,00,000	4.78
(d)	Financial Institutions/ Banks	0	0.00	0	0.00
(e)	Any Others (Specify)	0	0.00	0	0.00
	Sub Total(A)(1)	31,83,483	72.56	37,83,483	30.17
2	Foreign
A	Individuals (Non - Residents Individuals/ Foreign Individuals)	0	0.00	0	0.00
B	Bodies Corporate	0	0.00	0	0.00
C	Institutions	0	0.00	0	0.00
D	Any Others (Specify)	0	0.00	0	0.00
	Sub Total(A)(2)	0	0.00	0	0.00
	Total Shareholding of Promoter and Promoter Group (A)=(A)(1)+(A)(2)	31,83,483	72.56	37,83,483	30.17
(B)	Public shareholding
1	Institutions	300	0.01	300	0.00
(a)	Mutual Funds/ UTI	0	0.00	0	0.00
(b)	Financial Institutions/ Banks	0	0.00	0	0.00
(c)	Central Government/ State Government(s)	0	0.00	0	0.00
(d)	Venture Capital Funds	0	0.00	0	0.00
(e)	Insurance Companies	0	0.00	0	0.00
(f)	Foreign Portfolio Investors	0	0.00	0	0.00
(g)	Foreign Institutional Investors	0	0.00	0	0.00
(h)	Foreign Venture Capital Investors	0	0.00	0	0.00
(i)	Any Other - Foreign Body Corporate	0	0.00	0	0.00
	Sub-Total (B)(1)	300	0.01	300	0.00
B	Public Shareholding

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2	Non-institutions
(a)	Bodies Corporate	7,502	0.17	16,07,502	12.82
(b)	Individuals
I	Individual shareholders holding nominal share capital up to Rs. 2 Lakh	6,24,125	14.23	6,24,125	4.98
II	Individual shareholders holding nominal share capital in excess of Rs. 2 Lakh	4,82,491	11.00	52,37,491	41.76
(c)	Non-Resident Indians (NRIs)	66,920	1.53	66,920	0.53
(d)	Any Other (specify)	22,279	0.51	22,279	0.18
	- Clearing Member	0	0.00	0	0.00
	- Hindu Undivided Family	0	0.00	4,50,000	3.59
	- Limited Liability Partnership	0	0.00	1,50,000	1.20
	- Firms	0	0.00	6,00,000	4.78
	Sub-Total (B)(2)	12,03,317	27.43	87,58,317	69.83
(B)	Total Public Shareholding (B) = (B)(1) + (B)(2)	12,03,617	27.44	87,58,617	69.83
	TOTAL (A)+(B)	43,87,100	100.00	1,25,42,100	100.00
(C)	Non-Promoter - Non-Public	0	0.00	0	0.00
1	Shares held by Custodian for GDRs & ADRs	0	0.00	0	0.00
2	Employee Benefit Trust (under SEBI (SBEB) Reg., 2014)	0	0.00	0	0.00
	Sub-Total (C):	0	0.00	0	0.00
	GRAND TOTAL (A)+(B)+(C)	43,87,100	100.00	1,25,42,100	100.00

Note:

1. The post-issue shareholding pattern in the above table has been prepared upon the proposed allotment of 81,55,000 Equity Shares pursuant to conversion of Warrants and on the assumption that the Proposed Allottees will subscribe to and be allotted all the Equity Shares pursuant to conversion of warrants. In the event that, for any reason, the Proposed Allottees do not or are unable to subscribe to and/or are not allotted the Equity Shares pursuant to the conversion of warrants, the shareholding pattern in the above table will undergo corresponding changes.
2. It has further been assumed that the shareholding of the Company in all other categories will remain unchanged.
3. The Company will ensure compliance with all applicable laws and regulations, including the SEBI (ICDR) Regulations, at the time of allotment of Equity shares.

Point No. 9: Amount which the Company intends to raise by way of such securities:

Upto Rs. 75,02,60,000/- (Rupees Seventy-Five Crores Two Lakhs Sixty Thousand Only).

Point No. 14: The names of the Proposed Allottee and the percentage of post-preferential offer capital that may be held by them:

The Proposed Allottees are as under:

Sr. No.	Name of the Proposed Allottee(s)	No. of Convertible Warrants proposed to be issued	Post % of Shareholding*
1.	Keshwala Panisha Rajeshbhai	2,50,000	2.00
2.	Lakhmanbhai Bhurabhai Odedara	3,00,000	2.39
3.	Jebaliya Vimlaben Vijaybhai	3,50,000	2.79
4.	Jebaliya Aditya Vijaybhai	1,50,000	1.20
5.	Ashokkumar Raghuram Thakker	75,000	0.60
6.	Odedra Hiteshbhai Rajabhai	1,00,000	0.80
7.	Veerrajbhai Bhabhlubhai Vala	1,00,000	0.80
8.	Vasoya Dipakbhai B	1,00,000	0.80

---

9.	Gida Deshubhai Lakhubhai	2,00,000	1.59
10.	Mahesh Alabhai Odedra	2,00,000	1.59
11.	Odedra Minaben Mahesh	75,000	0.60
12.	Odedra Varun	75,000	0.60
13.	Gida Mahavirbhai Aligbhai	75,000	0.60
14.	Thakkar Khushi Dharmeshbhai	2,00,000	1.59
15.	Thakkar Chetanaben Dharmeshkumar	2,00,000	1.59
16.	Magestic Capital Finance Advisory Private Limited	11,00,000	8.77
17.	Thaker Hemantkumar Labhshankar	75,000	0.60
18.	Gida Vishvajeet Devayatbhai	75,000	0.60
19.	Gida Raviraj Aaligbhai	75,000	0.60
20.	Gida Harapalsinh Devayatbhai	75,000	0.60
21.	Rajabhai Bhura Odedra	3,00,000	2.39
22.	Ajay Dadubhai Jebaliya	1,00,000	0.80
23.	Vijay Dadubhai Jebaliya HUF	2,25,000	1.79
24.	Vishal Mahendrabhai Thekdi	1,50,000	1.20
25.	Ripalben V Thekadi	1,50,000	1.20
26.	Dahyabhai Mafatilal Patel	2,00,000	1.59
27.	Patel Prafulaben D	2,00,000	1.59
28.	Patel Pratik Pravinkumar	1,50,000	1.20
29.	Patel Nidhi Pratik	75,000	0.61
30.	Desai Lalji Gandabhai	25,000	0.20
31.	Digvijaysinh Chauhan HUF	50,000	0.40
32.	Prabodh Natvarlal Patel	50,000	0.40
33.	Prabodh N Patel HUF	75,000	0.60
34.	Finvention Finvest Private Limited	3,00,000	2.39
35.	Spazioa Formulations Limited	2,00,000	1.59
36.	Alantis Comtrade LLP	1,50,000	1.20
37.	Alantis Exim LLP	1,50,000	1.20
38.	OTP Tradex LLP	1,50,000	1.20
39.	Alantis Globe LLP	1,50,000	1.20
40.	OTP Advisory LLP	1,50,000	1.20
41.	Mukesh Ladha	1,00,000	0.80
42.	Murli Manohar Ladha	1,00,000	0.80
43.	Pioneer Trading	1,00,000	0.80
44.	Venture Global Traders	1,00,000	0.80
45.	Fusion Commerce Hub	1,00,000	0.80
46.	Plus Trading Co	1,00,000	0.80
47.	Jai Balaji Trading Co	1,00,000	0.80
48.	Global Commerce HUB	1,00,000	0.80
49.	Mamta Ladha	1,00,000	0.80
50.	Sushil Kumar Ladha	1,00,000	0.80
51.	Sushil Ladha-HUF	75,000	0.60
52.	Shobha	1,00,000	0.80
53.	Pushpadevi Ladha	50,000	0.40
54.	Madan Gopal Ladha	55,000	0.44
55.	Madan Gopal Ladha (HUF)	25,000	0.20
	Total	81,55,000	65.04

*The post-issue shareholding is considered upon the proposed allotment of 81,55,000 Equity Shares pursuant to the conversion of Warrants.

---

Point No. 20: The name of the Proposed Allottee, the identities of the persons who are the ultimate beneficial owners of the shares and / or who ultimately control the Proposed Allottee:

Sr. No.	Proposed Allottee subscribing to the Convertible Warrants	Category	Natural persons who are the ultimate beneficial owners	Pre No. of Shares	Pre % of Shareholding	No. of Convertible Warrants proposed to be issued	Post No. of Shares	Post % of Shareholding*
1.	Keshwala Panisha Rajeshbhai	Public	-	642	0.01	2,50,000	2,50,642	2.00
2.	Lakhmanbhai Bhurabhai Odedara	Public	-	-	-	3,00,000	3,00,000	2.39
3.	Jebaliya Vimaben Vijaybhai	Public	-	-	-	3,50,000	3,50,000	2.79
4.	Jebaliya Aditya Vijaybhai	Public	-	-	-	1,50,000	1,50,000	1.20
5.	Ashokkumar Raghuram Thakker	Public	-	-	-	75,000	75,000	0.60
6.	Odedra Hiteshbhai Rajabhai	Public	-	-	-	1,00,000	1,00,000	0.80
7.	Veerrajbhai Bhabhlubhai Vala	Public	-	-	-	1,00,000	1,00,000	0.80
8.	Vasoya Dipakbhai B	Public	-	-	-	1,00,000	1,00,000	0.80
9.	Gida Deshubhai Lakhubhai	Public	-	-	-	2,00,000	2,00,000	1.59
10.	Mahesh Alabhai Odedra	Public	-	-	-	2,00,000	2,00,000	1.59
11.	Odedra Minaben Mahesh	Public	-	-	-	75,000	75,000	0.60
12.	Odedra Varun	Public	-	-	-	75,000	75,000	0.60
13.	Gida Mahavirbhai Aligbhai	Public	-	-	-	75,000	75,000	0.60
14.	Thakkar Khushi Dharmeshbhai	Public	-	-	-	2,00,000	2,00,000	1.59
15.	Thakkar Chetanaben Dharmeshkumar	Public	-	-	-	2,00,000	2,00,000	1.59
16.	Magestic Capital Finance Advisory Private Limited	Public	Kahor Vanrajsinh Dadbhai	-	-	11,00,000	11,00,000	8.77
			Rajeshbhai Bhagatbhai Keshwala	-	-
17.	Thaker Hemantkumar Labhshankar	Public	-	-	-	75,000	75,000	0.60
18.	Gida Vishvajeet Devayatbhai	Public	-	-	-	75,000	75,000	0.60
19.	Gida Raviraj Aaligbhai	Public	-	-	-	75,000	75,000	0.60
20.	Gida Harapalsinh Devayatbhai	Public	-	-	-	75,000	75,000	0.60
21.	Rajabhai Bhura Odedra	Public	-	-	-	3,00,000	3,00,000	2.39
22.	Ajay Dadubhai Jebaliya	Public	-	-	-	1,00,000	1,00,000	0.80
23.	Vijay Dadubhai Jebaliya HUF	Public	Vijay Dadubhai Jebaliya	-	-	2,25,000	2,25,000	1.79
24.	Vishal Mahendrabhai Thekdi	Public	-	-	-	1,50,000	1,50,000	1.20
25.	Ripalben V Thekadi	Public	-	-	-	1,50,000	1,50,000	1.20
26.	Dahyabhai Mafatlal Patel	Public	-	-	-	2,00,000	2,00,000	1.59

---

27.	Patel Prafulaben D	Public	-	-	-	2,00,000	2,00,000	1.59
28.	Patel Pratik Pravinkumar	Public	-	292	0.01	1,50,000	1,50,292	1.20
29.	Patel Nidhi Pratik	Public	-	921	0.02	75,000	75,921	0.61
30.	Desai Lalji Gandabhai	Public	-	-	-	25,000	25,000	0.20
31.	Digvijaysinh Chauhan HUF	Public	Digvijaysinh Chauhan	-	-	50,000	50,000	0.40
32.	Prabodh Natvarlal Patel	Public	-	-	-	50,000	50,000	0.40
33.	Prabodh N Patel HUF	Public	Prabodh Natvarlal Patel	-	-	75,000	75,000	0.60
34.	Finvention Finvest Private Limited	Public	Bhumishth N Patel	-	-	3,00,000	3,00,000	2.39
			Patel Payal Bhumishth
35.	Spazioa Formulations Limited	Public	-	-	-	2,00,000	2,00,000	1.59
36.	Alantis Comtrade LLP	Promoter Group	Vishal Mahendrabhai Thekdi	-	-	1,50,000	1,50,000	1.20
			Patel Tarunkumar Gunvantlal
37.	Alantis Exim LLP	Promoter Group	Ripalben V Thekadi	-	-	1,50,000	1,50,000	1.20
			Patel Tarunkumar Gunvantlal
38.	OTP Tradex LLP	Public	Ripalben V Thekadi	-	-	1,50,000	1,50,000	1.20
			Vishal Mahendrabhai Thekdi
39.	Alantis Globe LLP	Promoter Group	Vishal Mahendrabhai Thekdi	-	-	1,50,000	1,50,000	1.20
			Vedant Tarunbhai Patel
40.	OTP Advisory LLP	Promoter Group	Patel Tarunkumar Gunvantlal	-	-	1,50,000	1,50,000	1.20
			Vedant Tarunbhai Patel
41.	Mukesh Ladha	Public	-	-	-	1,00,000	1,00,000	0.80
42.	Murli Manohar Ladha	Public	-	-	-	1,00,000	1,00,000	0.80
43.	Pioneer Trading	Public	Madan Gopal Ladha	-	-	1,00,000	1,00,000	0.80
			Mukesh Ladha
44.	Venture Global Traders	Public	Madan Gopal Ladha	-	-	1,00,000	1,00,000	0.80
			Sushil Kumar Ladha
45.	Fusion Commerce Hub	Public	Sushil Kumar Ladha	-	-	1,00,000	1,00,000	0.80
			Madhuri Mukesh Ladha
46.	Plus Trading Co	Public	Sushil Kumar Ladha	-	-	1,00,000	1,00,000	0.80
			Mukesh Ladha
47.	Jai Balaji Trading Co	Public	Murli Manohar Ladha	-	-	1,00,000	1,00,000	0.80

---

			Madhuri Mukesh Ladha
48.	Global Commerce HUB	Public	Sushil Kumar Ladha	-	-	1,00,000	1,00,000	0.80
			Murli Manohar Ladha
49.	Mamta Ladha	Public	-	-	-	1,00,000	1,00,000	0.80
50.	Sushil Kumar Ladha	Public	-	-	-	1,00,000	1,00,000	0.80
51.	Sushil Ladha-HUF	Public	Sushil Kumar Ladha	-	-	75,000	75,000	0.60
52.	Shobha	Public	-	-	-	1,00,000	1,00,000	0.80
53.	Pushpadevi Ladha	Public	-	-	-	50,000	50,000	0.40
54.	Madan Gopal Ladha	Public	-	-	-	55,000	55,000	0.44
55.	Madan Gopal Ladha (HUF)	Public	Madan Gopal Ladha	-	-	25,000	25,000	0.20

*The post-issue shareholding is considered and prepared upon the proposed allotment of 81,55,000 equity shares pursuant to the conversion of warrants.

Point No. 22: The current and proposed status of the allottee post the preferential issues namely, promoter or non-promoter:

The Current and proposed status of the Proposed Allottees post the preferential issue is as follows:

Sr. No.	Name of Proposed Allottee	No. of Warrants to be allotted	% of post preferential*	Current Status	Proposed Status
1.	Keshwala Panisha Rajeshbhai	2,50,000	2.00	Non-Promoter	Non-Promoter
2.	Lakhmanbhai Bhurabhai Odedara	3,00,000	2.39	Non-Promoter	Non-Promoter
3.	Jebaliya Vimlaben Vijaybhai	3,50,000	2.79	Non-Promoter	Non-Promoter
4.	Jebaliya Aditya Vijaybhai	1,50,000	1.20	Non-Promoter	Non-Promoter
5.	Ashokkumar Raghuram Thakker	75,000	0.60	Non-Promoter	Non-Promoter
6.	Odedra Hiteshbhai Rajabhai	1,00,000	0.80	Non-Promoter	Non-Promoter
7.	Veerrajbhai Bhabhlubhai Vala	1,00,000	0.80	Non-Promoter	Non-Promoter
8.	Vasoya Dipakbhai B	1,00,000	0.80	Non-Promoter	Non-Promoter
9.	Gida Deshubhai Lakhubhai	2,00,000	1.59	Non-Promoter	Non-Promoter
10.	Mahesh Alabhai Odedra	2,00,000	1.59	Non-Promoter	Non-Promoter
11.	Odedra Minaben Mahesh	75,000	0.60	Non-Promoter	Non-Promoter
12.	Odedra Varun	75,000	0.60	Non-Promoter	Non-Promoter
13.	Gida Mahavirbhai Aligbhai	75,000	0.60	Non-Promoter	Non-Promoter
14.	Thakkar Khushi Dharmeshbhai	2,00,000	1.59	Non-Promoter	Non-Promoter
15.	Thakkar Chetanaben Dharmeshkumar	2,00,000	1.59	Non-Promoter	Non-Promoter
16.	Magestic Capital Finance Advisory Private Limited	11,00,000	8.77	Non-Promoter	Non-Promoter
17.	Thaker Hemantkumar Labhshankar	75,000	0.60	Non-Promoter	Non-Promoter
18.	Gida Vishvajeet Devayatbhai	75,000	0.60	Non-Promoter	Non-Promoter
19.	Gida Raviraj Aaligbhai	75,000	0.60	Non-Promoter	Non-Promoter
20.	Gida Harapalsinh Devayatbhai	75,000	0.60	Non-Promoter	Non-Promoter
21.	Rajabhai Bhura Odedra	3,00,000	2.39	Non-Promoter	Non-Promoter
22.	Ajay Dadubhai Jebaliya	1,00,000	0.80	Non-Promoter	Non-Promoter
23.	Vijay Dadubhai Jebaliya HUF	2,25,000	1.79	Non-Promoter	Non-Promoter
24.	Vishal Mahendrabhai Thekdi	1,50,000	1.20	Non-Promoter	Non-Promoter
25.	Ripalben V Thekadi	1,50,000	1.20	Non-Promoter	Non-Promoter
26.	Dahyabhai Mafatlal Patel	2,00,000	1.59	Non-Promoter	Non-Promoter
27.	Patel Prafulaben D	2,00,000	1.59	Non-Promoter	Non-Promoter
28.	Patel Pratik Pravinkumar	1,50,000	1.20	Non-Promoter	Non-Promoter
29.	Patel Nidhi Pratik	75,000	0.61	Non-Promoter	Non-Promoter
30.	Desai Lalji Gandabhai	25,000	0.20	Non-Promoter	Non-Promoter
31.	Digvijaysinh Chauhan HUF	50,000	0.40	Non-Promoter	Non-Promoter
32.	Prabodh Natvarlal Patel	50,000	0.40	Non-Promoter	Non-Promoter

---

33.	Prabodh N Patel HUF	75,000	0.60	Non-Promoter	Non-Promoter
34.	Finvention Finvest Private Limited	3,00,000	2.39	Non-Promoter	Non-Promoter
35.	Spazioa Formulations Limited	2,00,000	1.59	Non-Promoter	Non-Promoter
36.	Alantis Comtrade LLP	1,50,000	1.20	Promoter Group	Promoter Group
37.	Alantis Exim LLP	1,50,000	1.20	Promoter Group	Promoter Group
38.	OTP Tradex LLP	1,50,000	1.20	Non-Promoter	Non-Promoter
39.	Alantis Globe LLP	1,50,000	1.20	Promoter Group	Promoter Group
40.	OTP Advisory LLP	1,50,000	1.20	Promoter Group	Promoter Group
41.	Mukesh Ladha	1,00,000	0.80	Non-Promoter	Non-Promoter
42.	Murli Manohar Ladha	1,00,000	0.80	Non-Promoter	Non-Promoter
43.	Pioneer Trading	1,00,000	0.80	Non-Promoter	Non-Promoter
44.	Venture Global Traders	1,00,000	0.80	Non-Promoter	Non-Promoter
45.	Fusion Commerce Hub	1,00,000	0.80	Non-Promoter	Non-Promoter
46.	Plus Trading Co	1,00,000	0.80	Non-Promoter	Non-Promoter
47.	Jai Balaji Trading Co	1,00,000	0.80	Non-Promoter	Non-Promoter
48.	Global Commerce HUB	1,00,000	0.80	Non-Promoter	Non-Promoter
49.	Mamta Ladha	1,00,000	0.80	Non-Promoter	Non-Promoter
50.	Sushil Kumar Ladha	1,00,000	0.80	Non-Promoter	Non-Promoter
51.	Sushil Ladha-HUF	75,000	0.60	Non-Promoter	Non-Promoter
52.	Shobha	1,00,000	0.80	Non-Promoter	Non-Promoter
53.	Pushpadevi Ladha	50,000	0.40	Non-Promoter	Non-Promoter
54.	Madan Gopal Ladha	55,000	0.44	Non-Promoter	Non-Promoter
55.	Madan Gopal Ladha (HUF)	25,000	0.20	Non-Promoter	Non-Promoter

*The post-issue shareholding is considered upon the proposed allotment of 81,55,000 Equity Shares pursuant to the conversion of Warrants.

The remote e-voting process commenced on 13th May, 2026 and shall remain open until 11th June, 2026 at 05:00 P.M. Shareholders may note that those who have already cast their vote on Resolution No. 2 and have any query, clarification, or concern pursuant to the issuance of this Corrigendum regarding the vote cast or revision thereof, may contact the Company via email at jattashankarind@yahoo.com from the date of receipt of this Corrigendum up to 11th June, 2026.

SHAREHOLDERS MAY PLEASE NOTE THAT THIS CORRIGENDUM SHALL BE READ IN CONJUNCTION WITH THE PREVIOUS CORRIGENDUM DATED 20TH MAY, 2026 AND THE NOTICE OF POSTAL BALLOT DATED 12TH MAY, 2026.

Registered Office:

11, Parasrampuria Apartment, Film City Road, Opp. Bank of India, Gokuldham, Goregaon (East), Mumbai – 400 063.

Place: Mumbai
Date: 27th May, 2026

By the Order of the Board of Jattashankar Industries Limited

Khudai Keval Jayanti
Digitally signed by Khudai Keval Jayanti
Date: 2026.05.27 14:46:21 +05'30'

SD/-

Keval Jayanti Khudai
Managing Director
DIN: 11153664