Kovalam Inv. & Trading Co.Ltd. - Proxy Solicitation & Information Statement 2025

CIN: L65910PB1981PLC023058

KOVALAM INVESTMENT AND TRADING COMPANY LIMITED REGD. OFFICE: PREMISES OSWAL WOOLLEN MILLS LTD, G.T. ROAD, SHERPUR, LUDHIANA-141003

BSE Limited March 12, 2025 Corporate Relations Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

Scrip Code: 505585

Sub.: Submission of Copies of Newspaper Publications confirming dispatch of Postal Ballot Notice.

Dear Sir/ Madam,

Pursuant to the Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our letter dated March 11, 2025 regarding the Postal Ballot Notice, please find enclosed herewith a copy of Newspaper Publications confirming dispatch of Postal Ballot Notice.

The said Postal Ballot Notice, E-voting information with cut-off date and other details, published by the Company in The Poineer (English Newspaper) and Desh Sewak (Punjabi Newspaper) on March 12, 2025.

The aforesaid newspaper publications are also available on the website of the Company at www.owmnahar.com.

This is for your information and record.

Thanking you,

Yours Truly,

For Kovalam Investment and Trading Company Limited

Digitally signed JYOTI by JYOTI SUD Date: 2025.03.12 15:56:41 +05'30' SUD (Jyoti Sud) Company Secretary and Compliance Officer ICSI Membership No : A27162

Enclosed: as above

WORLD 09

NEW DELHI | WEDNESDAY | MARCH 12, 2025

Trump overstepped his authority in freezing funding for USAID: Judge

Syrian Kurds celebrate deal with Damascus

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PRESS TRUST OF INDIA � Qamishli (Syria) A new wave of refugees in Lebanon: freezing funding for USAID: Judge n the city of Qamishli in northeast Syria, Some families took revellers took to the streets after the refuge in a Russian air PRESS TRUST OF INDIA � Washington directing a freeze of foreign assistance fundadministration to make decisions on specifIannouncement of a breakthrough deal base in the coastal ing and a review of all US aid and developic contracts. The mass contract cancellations between the central government in Damascus province of Latakia resident Donald Trump overstepped his ment work abroad. Trump charged that much also were a separate matter than the fundand local Kurdish-led authorities, dancing as thousands more constitutional authority in freezing of foreign assistance was wasteful and ing freeze that two global health groups, the and chanting “One, one, one — the Syrian fled to neighbouring Palmost all spending on US humanitaradvanced a liberal agenda. AIDS Vaccine Advocacy Coalition and the people are one,” as cars drove by honking in Lebanon, mostly ian and development work abroad, a federRubio’s social media post Monday said that Global Health Council, had originally gone celebration. The scenes of elation following through irregular boral judge ruled, saying the administration review was now “officially ending,” with some to court to challenge, he said. Monday night’s declaration came in sharp der crossings in the could no longer simply sit on the tens of bil5,200 of USAID’s 6,200 programmes elimiAli also ordered Trump officials to pay all contrast to the grim scenes in coastal comcountry’s north. The lions of dollars that Congress has approprinated. Those programmes “spent tens of bilof the roughly $2 billion it owed to aid groups munities wrecked by days of clashes that UN refugee agency ated for foreign aid. lions of dollars in ways that did not serve, (and and businesses up to mid-February, and broke out last week between government reported at least 7,616 But Judge Amir H Ali stopped short of in some cases even harmed), the core ordered them to do it at a pace of at least 300 forces and armed groups affiliated with people had fled to ordering Trump officials to use the money national interests of the United States,” back payments a day. deposed President Bashar Assad. Monitoring northern Lebanon to revive the thousands of contracts they have Rubio wrote. About 1,000 remaining conDespite claims from the administration it groups said hundreds of civilians were killed where humanitarian abruptly terminated for US aid and developtracts would now be administered by the State was continuing to fund at least life-saving proin revenge attacks, primarily targeting memorganisations were ment work around the world. Department, he said. grammes in its foreign aid freeze, USAID bers of the Alawite religious minority to which handing out food and Ali’s ruling Monday evening came hours Democratic lawmakers and others call the staffers and the agency’s nonprofit and busiAssad belongs. blankets. after Secretary of State Marco Rubio shutdown of congressionally funded proness partners say all payments through announced that the administration had fingrammes illegal, saying such a move requires USAID were cut off until recently, and that ished what has been a six-week purge of proCongress’ approval. In his preliminary USAID’s payment system itself disabled by grammes of the six-decade-old US Agency injunction Monday, Ali said Trump could not Musk’s DOGE. for International Development, cutting 83% simply ignore most of what is roughly $60 Ali’s ruling came after the Supreme Court of them. Rubio said he would move the billion in foreign assistance funding that was had rejected the Trump administration’s remaining aid programmes under the State given to USAID and State by Congress, which appeal in the case. Department. Rubio made his announcement under the US Constitution has the authoriUSAID supporters said the sweep of the in a post on X, in one of his few public comty to spend money. cuts have made it difficult to tell what US ments on what has been a historic shift away “The constitutional power over whether efforts abroad the Trump administration from US foreign aid and development, exeto spend foreign aid is not the President’s own actually supports. cuted by Trump political appointees at the — and it is Congress’s own,” Ali wrote, adding “The patterns that are emerging is the State Department and Elon Musk’s elsewhere that Trump officials “offer an unbriadministration does not support democraDepartment of Government Efficiency dled view of Executive power that the cy programmes, they don’t support civil sociteams. Rubio in the post thanked DOGE and Supreme Court has consistently rejected”. ety... they don’t support NGO programmes,” “our hardworking staff who worked very long But Ali declined the request from nonprofor health or emergency response, said hours to achieve this overdue and historic it groups and businesses to revive the canAndrew Natsios, the USAID administrator reform” in foreign aid. celled contracts for foreign assistance work for Republican former President George W Trump on Jan 20 issued an executive order around the world, saying it was up to the Bush.

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