CHARMS : RS 30 CR PREFERENTIAL ISSUE WITH PROMOTER CHANGE

• Board approved preferential issue of up to 2,45,00,000 equity shares at ₹2/share, aggregating ₹4.90 Cr • Up to 12,55,00,000 convertible warrants at ₹2/warrant approved, aggregating ₹25.10 Cr; total raise ₹30 Cr • Share Purchase Agreement dated October 23, 2026: proposed acquirers to buy 10,00,463 shares (24.37% stake) from promoters Shivkumar R Chauhan and Nehalben S Chauhan • SPA and preferential issue trigger a mandatory open offer under Regulations 3(1) and 4 of SEBI SAST Regulations • Acquirers to become promoters; existing sellers to be reclassified as public shareholders under Regulation 31A, board to be reconstituted • Authorised capital to rise from ₹4.50 Cr to ₹16.50 Cr, subject to shareholder approval; EGM set for November 23, 2026

Charms Industries Ltd

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