Elgi Equipments Ltd. — Capital/Financing Update 2020

Jul 21, 2020

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BOMBAY STOCK EXCHANGE LIMITEDPHIROZE JEEJEEBHOY TOWERSDALAL STREETMUMBAI - 400001	NATIONAL STOCK EXCHANGE OF INDIALIMITED“EXCHANGE PLAZA”BANDRA KURLA COMPLEXBANDRA (E)MUMBAI - 400051
ScripCode: 522074	ScripCode: ELGIEQUIP

Dear Sirs, DATE: 21/07/2020

Sub: Memorandum of Understanding (MoU) signed with the Government of Tamil Nadu.

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that an MOU (Memorandum of Understanding) with Government of Tamil Nadu was signed by the company on 20/07/2020.

The investment that we plan to do under this MOU, which is non-binding, is to support the future expansion that we need to make to serve the growing global demand and meet our long-term plans. The intended plan will involve an estimated investment of up to 250 Crores and could also create significant job opportunities in Coimbatore. With this MOU, we expect Government of Tamil Nadu to support us on various infrastructure needs such as land and power and related clearances.

Kindly acknowledge the receipt of this letter and update your records.

Thanking you,

Yours faithfully,

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