Elgi Equipments Ltd. — Capital/Financing Update 2023

Sep 11, 2023

September 11, 2023

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National Stock Exchange of lndia Ltd. Exchange Plaza C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai - 400 051

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Through : NEAPS

Through : BSE Listing Centre

Dear Sir/Madam,

Subject: Regulation 30 (Disclosure of events or information) NSE Scrip Code: ELGIEQUIP / BSE Scrip Code: 522074

In continuation to our intimation on July 11, 2023, regarding the receipt of Letter of Award from Siemens Limited for supply and maintenance of Air Generation and Treatment Units and Aux Compressor, we hereby inform you that, the Company has signed the Letter of Intent with Siemens Limited today. The Letter of Intent is subject to signing of the detailed agreement by the Company and Siemens Limited.

We are enclosing herewith the details for the above as prescribed under SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as Annexure A.

This intimation is being made available on the Company's website at www.elgi.com.

We request you to kindly take the above information on record.

Thanking you,

Yours faithfully,

For Elgi Equipments Limited

PRAKASH Digitally signed by PRAKASH SIVASAM SIVASAMY Date: 2023.09.11 Y 18:14:49 +05'30' S Prakash Company Secretary Encl.: a/a

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Annexure A:

Name of the entity awarding the order(s)/ contract(s);	Siemens Limited
Significant terms and conditions of order(s)/ contract(s) awarded in brief	Supply and maintenance of Air Generation and Treatment Units and Aux Compressors. The order is required to be executed by the Company over a period of 10 years of supplies and 35 years of maintenance from the date of supply.
Whether order(s) / contract(s) have been awarded bydomestic/ international entity;	Domestic
Nature of order(s) / contract(s)	Supply and maintenance of Air Generation and Treatment Units and Aux Compressors.
Whether domestic or international;	Domestic
Time period by which the order(s)/contract(s) is to be executed	The order is required to be executed by the Company over a period of 10 years of supplies and 35 years of maintenance from the date of supply.
Broad consideration or size of the order(s)/ contract(s)	2400 sets of Air Screw Compressors with dryer Package and 1200 nos of AuxiliaryCompressor.
Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)?	No
Whether the order(s)/contract(s) would fall within relatedpartytransactions?	No

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