Cravatex Ltd. — Share Issue/Capital Change 2023

Jan 14, 2023

• Registered Office : Ground Floor (East Wing), Forbes Building. Charanjit Rai Marg. Fort, Mumbai -400 001 CRAVAT EX CIN L93010MH1951PLC008546 Telephone No. : +91 22 66 7474 Email : lnfo@cravatex.com Website: http://cravatex.com/ LIMITED

January 14, 2023

BSELimited Department of Corporate Services (DCS-Listing) Phiroze Jeejeebhoy Towers Dalal Str t Mumbai - 400 001

Company Code: 509472

Dear Sirs,

• Sub: Acceptance of Offer for Redemption of 50,75,000 nos. of 4% Non­ convertible Cumulative Redeemable Preference Shares issued on Private Placement basis (Unlisted).

Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We refer to our letter dated January 11, 2023 and wish to inform you that the Board of Directors have on January 13, 2023 approved the redemption of 50,75,000 nos. of 4% Non-convertible Cumulative Redeemable Preference Shares of Rs.10/- each ("Preference Shares") of the Company aggregating to Rs.5,07,50,000/- offered by the Preference Shareholders.

Consequent to the said redemption of 50,75,000 nos. of Preference Shares, the entire Preference Shares of the Company shall stand redeemed and the issued, subscribed and fully Paid-up Share Capital of the Company shall stand revised as follows:

Pad UpShar Cpitaon	Aount	PaidUp Sha Cpit aon	Aount
31/03/2022	R.	14/01/2023	R
25,84,160 EquitSharesofR.10/-		25,84,160 EquitSharesofR.10/·
each	2,58,41,600	each	2,58,41,600
75,75,0004% Non-converible
Cumulatve Redeemable	7,57,50,000
Preference sharesofR.10/-each
	10,15,91,600		2,58,41,600

Kindly take the above information on record.

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Company Secretary and Compliance Officer Membership No. Al 7132