REKVIŅA LABORATORIES LTD : INDEPENDENT DIRECTORS COMMITTEE MEETING HELD ON JUNE 24

• Committee met to provide recommendation on open offer for acquisition of up to 28,90,100 equity shares • Meeting commenced at 12:10 PM and concluded at 12:55 PM • Report of the committee attached, to be published in Financial Express, Jansatta, and Navshakti on June 25 • Independent Directors deemed offer price of ₹10 per share fair and reasonable, but draw attention to BSE closing price of ₹37.45 on June 23 • Recommendations unanimously approved by committee members Impact: Neutral (Procedural update on open offer recommendation; no new material information impacting valuation)

Rekvina Laboratories Ltd

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