AGARWAL INDUSTRIAL CORPORATION LTD. - Board Meeting Outcome for OUTCOME OF BOARD MEETING DATED 27TH MAY 2024 WITH FINANCIAL RESULTS FOR QURTER AND YEAR ENDED 31ST MARCH 2024

The Board of Directors have considered and approved unanimously, the following matters: i. Approved the Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Year ended March 31, 2024, which were reviewed by Audit Committee, in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, as amended. ii. Considered and approved the Audited Financial Statements (Standalone and Consolidated Financial Statements) of the Company for the year ended March 31, 2024. iii. Recommended a dividend of Rs. 3/- per Equity Share of the face value of Rs.10/- each fully paid up for the financial year 2023-24, subject to the approval/declaration by the members of the Company, in accordance with all related regulatory provisions in this regard. iv. The Board members also considered and approved other items of the Agenda in detail.