GEM AROMATICS : APPROVAL FOR CONVERSION OF INTER-COMPANY LOAN INTO EQUITY SHARES OF WHOLLY OWNED SUBSIDIARY

• Executive Committee of the Board approved conversion of pre-existing inter-company loans into equity shares of Wholly Owned Subsidiary Krystal Ingredients Private Limited. • Transaction does not involve any fresh infusion of capital and solely involves conversion of loans into equity shares. • The equity shares are proposed to be acquired at an issue price of ₹47,710/- per share. • Krystal Ingredients Private Limited's FY 2025-26 turnover was ₹3,23,296.64 (in Thousands) and Net Worth was ₹5,98,643.63 (in Thousands). Impact: Neutral (Routine corporate action for wholly-owned subsidiary, no financial impact stated)

Gem Aromatics Limited

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