Polychem Ltd — Board/Management Information 2025

Jul 29, 2025

POLYCHEM LIMITED

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CIN: L24100MH1955PLC009663

REGD. OFFICE: 7. JAMSHEDJI TATAROAD. CHURCHGATE RECLAMATION. MUMBAI-400 020 Ph: 022 - 2282 0048, E-mail: polychemltd@kilachand.com , Website: www.polychemltd.com

To Date: 29[th] July, 2025

Head Listing Compliance Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001.

Dear Sir/Ma'am,

Subject: Outcome of Board Meeting Company Code – 506605

This is pursuant to Regulation 30 and other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “ Listing Regulations ”).

We wish to state that the board of directors (“ Board ”) of Polychem Limited (“ Company ”) at their meeting held today i.e. 29[th] July, 2025, has inter alia approved as follows:

1. The Board has considered and approved sale/ assignment of the (i) leasehold rights to the plot of land situated at Plot No. B-18, Gandhinagar Electronic Estate, admeasuring 12,022.40 square metres (“ Land ”), and (ii) ownership rights to the factory building (“ Building ”) constructed on part of the Land (the Land and Building are collectively referred to as “ Property ”), by the material subsidiary of the Company, Gujarat Poly Electronics Limited (“ GPEL ”), to Tirex Transmission Private Limited (“ Tirex ”).

The details as required pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed herewith (basis the information provide to us by GPEL in relation to the aforementioned) as Annexure A.

1. The Extra-ordinary General Meeting Notice for seeking consent of the Shareholders of the Company for above point under regulation 24(6) of SEBI (LODR) Regulations, 2015 to be held on Monday, 1[st] September, 2025 at 10.30 a.m. through Video conference/ OAVM.

Extra-ordinary General Notice shall be sent to the shareholders in due course and the same shall be filed with the exchange.

1. The Board Noted the Fine levied by BSE for non-compliance with the provisions of Regulation 19(1)/19(2) of SEBI (LODR) Regulations, 2015 w.r.t composition of NRC Committee for quarter ended March 2025 dated 29[th] May, 2025 and Waiver Application filed by the Company on 6[th] June, 2025 for the same. The Board after due analysis noted that the company is in compliance with the composition of NRC Committee as required under the said provision during the March quarter and requests the BSE to consider the waiver application filed by the Company.

The Board meeting started at 10.30 a.m. and concluded at 11.00 a.m.

This is for your information and record.

Yours faithfully, For Polychem Limited DEEPALIBEN Digitally signed by DEEPALIBEN VISHAL VISHAL CHAUHAN CHAUHAN Date: 2025.07.29 14:30:36 +05'30'

DEEPALI V. CHAUHAN

Company Secretary& Compliance Officer ACS No. 38273

POLYCHEM LIMITED

CIN: L24100MH1955PLC009663

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REGD. OFFICE: 7. JAMSHEDJI TATAROAD. CHURCHGATE RECLAMATION. MUMBAI-400 020 Ph: 022 - 2282 0048, E-mail: polychemltd@kilachand.com , Website: www.polychemltd.com ANNEXURE A

Disclosure as per Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

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Sr.
Particulars Remarks
No.
Turnover- Rs. 1,779.24 lakhs
The amount and percentage of the Percentage- 100%
turnover or revenue or income and of the material subsidiary i.e., Gujarat Poly Electronics
net worth contributed by such unit or Limited (“ GPEL ”)
a.
division or undertaking or subsidiary GPEL has made arrangements to move the operations to
or associate company of the listed a new location and the turnover of the company will not
entity during the last financial year be adversely affected.
The agreement shall be executed by GPEL, once the
provisional transfer order from the Gujarat Industrial
Date on which the agreement for sale Development Corporation (“ GIDC ”) has been obtained,
b.
has been entered into a part of the statutory approval required from GIDC with
respect to the proposed sale / assignment of the
Property of GPEL, a material subsidiary of the Company.
The transaction shall be completed by GPEL, once the
approval from the shareholders is obtained and
provisional and the final transfer orders from the GIDC,
The expected date of completion of
c. are obtained a part of the statutory approval required
sale / disposal
from GIDC with respect to the proposed sale /
assignment of the Property of GPEL, a material
subsidiary of the Company.
Consideration received from such sale
d. Rs. 29,00,00,000 (Rupees Twenty-Nine Crore only)
/ disposal
Tirex Transmission Private Limited.
Brief details of buyers and whether The buyer does not form part of promoter/ promoter
any of the buyers belong to the group/group companies as defined under Securities
e.
promoter/ promoter group/ group and Exchange Board of India (Issue of Capital and
companies. If yes, details thereto. Disclosure Requirements) Regulations, 2018.
The buyer is not a Related Party in terms of Section 2(76)
of the Companies Act, 2013, Regulation 2(zb) of Listing
Whether the transaction would fall
Regulations and the applicable Accounting Standards.
within related party transactions? If
f.
yes, whether the same is done at
The transaction shall be carried out on an arms' length
“arms’ length”
basis.
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POLYCHEM LIMITED

CIN: L24100MH1955PLC009663

REGD. OFFICE: 7. JAMSHEDJI TATAROAD. CHURCHGATE RECLAMATION. MUMBAI-400 020 Ph: 022 - 2282 0048, E-mail: polychemltd@kilachand.com , Website: www.polychemltd.com

Yes, the sale, lease or disposal of the undertaking is outside of any scheme of Arrangement. Further, the sale / assignment of the Property shall be Whether the sale, lease or disposal of made in compliance with Regulation 24 (6) of the Listing the undertaking is outside Scheme of Regulations, and Regulation 37A of the Listing g. Arrangement? If yes, details of the Regulations, and an extra-ordinary general meeting of same including compliance with the Company, as well as an extra-ordinary general regulation 37A of LODR Regulations. meeting of GPEL is accordingly being scheduled on September 1, 2025 to place the resolutions in relation to this transaction for consideration before the members of the Company and members of GPEL. Additionally, in case of a slump sale, indicative disclosures provided for h. amalgamation/ merger, shall be Not Applicable disclosed by the listed entity with respect to such slump sale.