On 2 May 2025, the Board of Directors of Arunis Abode Limited convened and approved a range of critical decisions impacting the company's future. The meeting resulted in the approval of new remuneration packages for key executives, which includes:

• Mr. Dharmendrabhai Becharbhai Jasani, Whole Time Director and Chairman, who will receive a remuneration of up to Rs. 12 Lakh per annum for a term of 3 years, starting from 1 May 2025, subject to shareholder approval.

• Mr. Ayush Dharmendrabhai Jasani, Whole Time Director and Vice-Chairman, will also receive up to Rs. 12 Lakh per annum, under similar conditions.

• Mr. Yagnik Tank, Managing Director, will have his remuneration capped at Rs. 12 Lakh per annum, effective from 1 May 2025.

In addition to the director remuneration approvals, the Board deliberated on several material related party transactions:

1. Acquisition of shares in PRASAD EARTH MOVERS PRIVATE LIMITED, with an investment of up to Rs. 50 Crore, subject to shareholder approval. This would result in PRASAD EARTH MOVERS becoming a wholly-owned subsidiary.

2. Proposed contracts, arrangements, and services with PRASAD EARTH MOVERS and KALIND EARTH MOVERS LIMITED up to Rs. 50 Crore per annum, covering various business activities like job work, goods sale, services, corporate guarantees, and more.

3. Acquisition of Kalind Earth Movers (proprietor) as a going concern, valued up to Rs. 20 Crore, subject to member approval.

Further, the company approved a significant increase in its authorized share capital. The capital will rise from Rs. 7.5 Crore to Rs. 52 Crore, represented by 5.2 Crore equity shares of Rs. 10 each. This adjustment will also result in an amendment to the Memorandum of Association (MOA).

The Board also decided to extend the main business activities of the company by adding new objects in the MOA, specifically to engage in the rental, lease, and maintenance of earth-moving machinery, like Excavators, Dozers, Loaders, JCBs, and Skid loaders.

In addition to these resolutions, the Board also approved the change of the company’s Registered Office and Corporate Office to new locations in Surat, Gujarat, and Piplod, Surat, respectively, within the same state.

The Postal Ballot will be used to obtain shareholder approval for the resolutions. The Board authorized the Executive Directors to carry out further administrative actions related to these changes, such as opening new bank accounts, updating regulatory records, and executing new agreements.

Lastly, the meeting concluded with a directive to proceed with these actions pending shareholder approval, and all necessary disclosures will be made in due course.

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