Elgi Equipments Ltd. — Capital/Financing Update 2025

Apr 11, 2025

April 11, 2025

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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: Continuous disclosure - Divestment in Compressed Air Solutions of Texas LLC (CAST) by Elgi Compressors USA Inc, wholly owned subsidiary of the Company. NSE Scrip Code : ELGIEQUIP / BSE Scrip Code : 522074

In continuation to our earlier disclosures dated September 26, 2024 and October 31, 2024 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we hereby inform you that the transaction of divestment of entire stake held by the Company’s wholly owned subsidiary, Elgi Compressors USA Inc (Elgi USA), in its Joint Venture Compressed Air Solutions of Texas LLC (CAST), USA, to the joint venture partner has been completed for a total consideration of $ 154,586.00 USD.

Kindly acknowledge receipt of this letter and update your records.

Thanking you, Yours truly,

FOR ELGI EQUIPMENTS LIMITED

Digitally signed by DEVIKA DEVIKA SATHYAN SATHYANARAYANA ARAYANA Date: 2025.04.11 18:09:45 +05'30'

DEVIKA SATHYANARAYANA

COMPANY SECRETARY AND COMPLIANCE OFFICER

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