Indobell Insulations Ltd — Important, 01-04-2026: Company Update

Indobell Insulations previously disclosed securing an export order for ST Blanket Thermal Insulation worth 73,500 US Dollars from GE VERNOVA PARTS & PRODUCTS GmbH. The company now reports that this specific purchase order has been withdrawn by the awarding entity. They received communication stating the order was placed in error and should be disregarded. This update clarifies that the previously announced business prospect will not materialize, impacting the company's order book by 73,500 US Dollars.