Indo Amines Ltd

Incident and impact

• Incident: gas leakage at Indo Amines Mahad facility on August 15, 2026; emergency response activated.
• Two fatalities reported: one at the Mahad facility and one at a neighboring industrial unit.
• Temporary suspension of operations at Mahad facility from August 15, 2026, under precautionary safety measures.
• Cause and scope under investigation by competent statutory authorities; company cooperating with authorities.
• Impact assessment ongoing; no exact quantum of loss or production impact available yet.
• Insurance coverage in place; extent and recoverability under assessment.
• Company will keep stock exchanges informed of material developments; other facilities may mitigate production impact.

Results disclosure

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026, with auditors' Limited Review Report.
• Board meeting commenced at 03:00 PM and concluded at 04:00 PM.

GPCB closure revocation details

• GPCB revokes closure directions for Indo Amines plant at Plot 1723/1724/1746, Village Tundav, Savli.
• Revocation is for three months and subject to specified conditions.
• Manufacturing operations can resume at the plant; other units remain operational.
• No fresh violations identified; corrective and preventive measures observed by GPCB.
• Bank guarantee of ₹5,00,000 valid to 30 September 2027; interim Environment Damage Compensation ₹5,70,000 paid.
• Revocation permits operations subject to ongoing compliance with GPCB conditions.
• Plant is monitored; company will disclose further updates as required.
• All other Indo Amines manufacturing units continue to operate.

Resolutions and outcomes

• Purpose: four special resolutions to re-appoint WTD and raise remuneration for four executives.
• Cut-off date for voting eligibility: 12 June 2026.
• Res 1 (Special): Re-appoint Bharati Palkar as WTD for 3 years; 99.92% in favour, 0.08% against.
• Res 2 (Special): Increase remuneration of Vijay Palkar, MD & CEO; 97.50% in favour.
• Res 3 (Special): Increase remuneration of Rahul Vijay Palkar, JMD; 97.80% in favour.
• Res 4 (Special): Increase remuneration of Saji Jose, WTD; 97.84% in favour.
• Impact: remuneration increases; no capital actions.

Appointment of Independent Director

• Appointment of Mr. Rahul Chitnis as Additional Independent Director for a one-year term.
• Term from 15 July 2026 to 14 July 2027, subject to shareholder approval.
• Reason for change: Appointment as Additional Independent Director.
• Not related to any Directors, KMP, Promoters, or Promoter Group.
• Not debarred from holding office as Director by SEBI or other authority.
• Profile: distinguished legal professional with over three decades in constitutional and corporate law.
• Partner at Chitnis Desai LLP; former In-Charge Chief Standing Counsel for Maharashtra before the Supreme Court.
• Arbitrator in commercial disputes since 2003; Visiting Faculty at Jindal Global Law School.

Dematerialisation status

• Dematerialisation requests up to 30 June 2026 were confirmed to depositories (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Certificates for dematerialisation were mutilated and cancelled; depository name substituted within 15 days, except 1 case in CDSL.

Indo Amines Ltd – Closure of Trading Window from July 1, 2026 until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.