The Board of Directors of BEDI (“Board”) wishes to announce that the Company has on 30 December 2025 received a notice in writing pursuant to Section 281(1) of the Companies Act 2016 (the “Act”) dated 19 December 2025 from Messrs. Ernst & Young PLT, notifying their resignation as the Company’s auditors with effective from 19 December 2025.

The resignation arises following a request by the Company to change the auditors of the Company for the following reasons:

1. to align with the holding company’s audit framework and to facilitate the timely consolidation of financial statements at the group level; and

2. in view of the revision of the audit fee for the financial year ending 31 March 2026, whereby the proposed audit fee represents an increase of approximately 24%.

The Board is in the process of identifying and appointing new auditors for the Company to fill the casual vacancy pursuant to Section 271(2)(b) of the Act. Save for the above, the Board wishes to inform that the Board is not aware of any other matters that need to be brought to the attention of the shareholders of the Company.

 The Board will make the necessary announcement upon the appointment of the new auditors.

This announcement is dated 30 December 2025.