Pennar Industries Ltd. — Proxy Solicitation & Information Statement 2026

Apr 29, 2026

PENNAR INDUSTRIES

Date: 29th April, 2026

| BSE Limited
PhirozeJeejeebhoy Towers,
Dalal Street, Fort, Mumbai - 400 001
Scrip code: 513228 | The National Stock Exchange of IndiaLimited
Bandra Kurla Complex,
Bandra East Mumbai - 400 051
Scrip Symbol: PENIND |
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Sub.: Corrigendum to the Notice of Extra Ordinary General Meeting (EGM) scheduled to be held on Friday, 8th May, 2026

Ref.: 1. Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "SEBI Listing Regulations")
2. Intimation filed by the Company dated 15th April, 2026

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI Listing Regulations and our intimation dated 15th April, 2026, wherein the Company had informed about issuance of the Notice of the Extraordinary General Meeting ("EGM") of the Company scheduled to be held on Friday, 8th May, 2026, at 11.00 a.m. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

Subsequent to the issuance of the notice of the EGM along with the explanatory statement thereto to the members of the Company on 15th April, 2026 ("EGM Notice") and pursuant to the applications filed by the Company for obtaining in-principle approval of the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE" and collectively with BSE, the "Stock Exchanges") in accordance with Regulation 28(1) of the SEBI Listing Regulations, in respect to the Item No. 1 of the EGM Notice (i.e. Issue of Convertible Equity Warrants to Pennar Holdings Private Limited, one of the Promoter of the Company on preferential basis) ("Preferential Issue"), the National Stock Exchange of India Limited had advised the Company to issue corrigendum in respect of certain disclosures, by way of a corrigendum to the EGM Notice.

This corrigendum is being issued in continuation of the said EGM Notice and shall form an integral part of, and shall always be read in conjunction with the EGM Notice, covering below updates:

1. The disclosures as given on page no.17 of Explanatory Statement under clause, "(viii) Equity Shareholding pattern before and after the Preferential Issue" of the EGM Notice be read as per the corrigendum to the EGM Notice.
2. The para under Page No. 18, Point (xv) of the explanatory statement of the EGM notice be read as per the corrigendum to the EGM Notice.

Accordingly, this corrigendum is being sent through electronic mode to those Members whose email addresses are registered with the Company/Registrar and Transfer Agent/ Depositories.

This corrigendum is also being uploaded on the website of the Company at https://www.pennarindia.com/investor-updates.php and on the website of Kfin Technologies Limited, Registrar and Transfer Agent, at https://evoting.kfintech.com. Kindly take the same on record.

Thanking you.

Yours faithfully,

for Pennar Industries Limited

Mirza
Mohammed Ali
Baig

Digitally signed by Mirza
Mohammed Ali Baig
Date: 2026.04.29 12:06:36
+05'30'

Mirza Mohammed Ali Baig
Company Secretary & Compliance Officer
ACS29058

Corporate Office:
Pennar Industries Limited
7th Floor, #2-51/14/8/PIL/10&11, White Fields, Kondapur, K.V. Rangareddy, Serilingampally, Hyderabad, Telangana, INDIA, 500 084

Registered Office:
Pennar Industries Limited
7th Floor, #2-51/14/8/PIL/10&11, White Fields, Kondapur, K.V. Rangareddy, Serilingampally, Hyderabad, Telangana, INDIA, 500 084

Contact us:
T: +91 40 40210526 / +91 40 4390 4949
E: corporatecommunications@pennarindia.com
website: www.pennarindia.com

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PENNAR INDUSTRIES

PENNAR INDUSTRIES LIMITED
CIN No. L27109TG1975PLC001919
Regd. Office: 2-91/14/8/PIL/10 & 11, 7th Floor, Whitefields,
Kondapur, Serilingampally, Hyderabad, K.V.Rangareddy - 500084
Tel No.: 40 4192 3108,
e-Mail ID : corporatecommunications@pennarindia.com
Website: www.pennarindia.com

CORRIGENDUM TO THE NOTICE OF EXTRA ORDINARY GENERAL MEETING OF PENNAR INDUSTRIES LIMITED DATED 10TH APRIL, 2026

Pennar Industries Limited (“the Company”) has issued a notice dated April 10, 2026 (“EGM Notice”) for convening the Extraordinary General Meeting (EGM) of the members of the Company which is scheduled to be held on Friday, May 8, 2026 at 11:00 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The Notice of the EGM has been dispatched to the shareholders of the Company in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder.

Pursuant to the requirements of Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had filed applications for obtaining in-principle approval of the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) for the item as set out in Item No.1 of the EGM Notice.

NSE, vide its letter dated April 21, 2026, had requested the Company to provide certain information regarding the Preferential Issue by issuing a corrigendum to the EGM Notice. Accordingly, this Corrigendum is being issued in continuation to the EGM Notice dated April 10, 2026, together with the explanatory statement thereof.

This corrigendum is being issued to provide the following details.

1. The disclosures as given on page no.17 of Explanatory Statement under clause, “(viii) Equity Shareholding pattern before and after the Preferential Issue” of the EGM Notice be read as under:

(viii) Equity Shareholding Pattern before and after the Preferential Issue:

Sl. No.	Category	Pre-issue shareholding#		Post issue shareholding *
		No. of shares	% to total shareholding	No. of shares	% to total shareholding
A	Promoters' holding
1	Indian
	Individuals	3,25,27,045	24.10	3,25,27,045	23.58
	Bodies Corporate	2,10,05,455	15.57	2,40,05,455	17.40
	Sub-Total	5,35,32,500	39.67	5,65,32,500	40.98
2	Foreign promoters	-	-
	Sub-total (A)	5,35,32,500	39.67	5,65,32,500	40.98
B	Non-Promoter's holding
1	Institutional investors	1,27,30,116	9.44	1,27,30,116	9.23
2	Non-institution
	Private corporate bodies	95,51,851	7.08	95,51,851	6.92
	Directors and relatives	6,860	0.01	6,860	0.01
3	Indian Public
	Individual shareholders holding nominal share capital upto ₹ 2 lakhs	3,56,52,535	26.42	3,56,52,535	25.85
	Individual shareholders holding	1,69,69,195	12.57	1,69,69,195	12.30

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	nominal share capital in excess of ₹ 2 lakhs
4	Others [including Non-resident Indians (NRIs)]	65,03,174	4.82	65,03,174	4.71
	Sub-total (B)	8,14,13,731	60.33	8,14,13,731	59.02
	GRAND TOTAL	13,49,46,231	100.00	13,79,46,231	100.00

The pre-issue Share Holding Pattern is as per the share holding pattern as on 3^rd April, 2026.

• The post issue paid-up capital is arrived after considering all the preferential allotment, proposed to be made under this notice and on fully diluted basis and the pre-issue share holding pattern continue to be the shareholder of the Company

• The para under Page No. 18, Point (xv) of the explanatory statement of the EGM notice be read as:

(xv) Lock-in period:

The Warrants allotted under preferential issue and the Equity Shares issued pursuant to the exercise of the Warrants shall be locked-in as prescribed under the SEBI ICDR Regulations from time to time. The pre-preferential allotment shareholding of the Applicants, if any, in the Company shall also be subject to lock-in as per the provisions of the SEBI ICDR Regulations.

This Corrigendum to the Notice of the EGM shall form an integral part of the Notice of the EGM which has already been circulated to the shareholders of the Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum.

This Corrigendum will be available on the website of BSE Ltd. (www.bseindia.com), the National Stock Exchange of India Ltd. (www.nseindia.com) and on the website of the Company (www.pennarindia.com). All other contents of the Notice of the EGM, save and except as modified or supplemented by this Corrigendum, shall remain unchanged.

By Order of the Board
for Pennar Industries Limited

Place: Hyderabad
Date: 29th April, 2026

Mirza Mohammed Ali Baig
Company Secretary & Compliance Officer
ACS29058