Elgi Equipments Ltd. — Major Shareholding Notification 2025

Dec 15, 2025

Annexure-B

Format for Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1. Name of the Target company (TC)	Elgi Equipments Ltd	Elgi Equipments Ltd
2. Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Wasatch Advisors LP
3. Whether the acquirer belongs to Promoter/Promoter group		No
4. Name(s) of the Stock Exchange(s) where the shares of TC are Listed		BSE, NSE
5. Details of the acquisition / disposal as follows	Number	% w.r.t. total share/voting capital wherever applicable (*)	% w.r.t. total diluted share/voting capital of the TC (**)
Before the acquisition under consideration, holding of : a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category)	16,514,307. 00 - - 0.00	5.211 - - -	5.211 - - -
Total (a+b+c+d)	16,514,307. 00	5.211%	5.211%

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Details of acquisition/sale a) Shares carrying voting rights acquired/sold b) VRs acquired/sold otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered / invoked/released by the acquirer	-43,837.00 - - -	-0.014 - - -	-0.014 - - -
Total (a+b+c+/-d)	-43,837.00	-0.014%	-0.014%
After the acquisition/sale, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition	16,470,470. 00 - - -	5.197 - - -	5.197 - - -
Total (a+b+c+d)	16,470,470. 00	5.197%	5.197%
6. Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc).	Open market sale
7. Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable.	December 12, 2025

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8. Equity share capital/ total voting capital of the TC before the said acquisition / sale.	Rs.316,909,000.00(based on par value of Rs 1.00and total issued shares of316909000)
9. Equity share capital/ total voting capital of the TC after the said acquisition / sale.	Rs.316,909,000.00(based total issued shares of316,909,000)
10. Total diluted share/ voting capital of the TC after the said acquisition.	316,909,000.00

Note:

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

Signature of the acquirer / Authorised Signatory

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Dan Thurber

For and on behalf of Wasatch Advisors LP

Place : 505 Wakara Way, 3[rd] Floor, Salt Lake City, UT 84108 U.S.A

Date : December 13, 2025

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505 Wakara Way, 3rd Floor p: (801) 533-0777 Salt Lake City, UT 84108 f: (801) 533-9828

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December 13, 2025

To, To, Corporate Services Department, Corporate Services Department National Stock Exchange of India Ltd. The BSE Limited, 5[th] Floor, Exchange Plaza PhirozeJeejeebhoy Towers, Plot no. C/1, G Block, Dalal Street, Bandra – Kurla Complex Mumbai-400 001 Bandra (E), Mumbai – 400 051

Ref: Scrip Code/Name: ELGIEQUIP (NSE), 522074 (BSE)

Sub: Disclosure under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Dear Sir/Madam,

With reference to the captioned subject, please find enclosed herewith the disclosure under Regulation 29(2) of SEBI (SAST) Regulation, 2011 containing details of Acquisition of Shares of Elgi Equipment Ltd.

Kindly take the same on your records.

Sincerely,

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Dan Thurber V.P., General Counsel Wasatch Advisors LP Acquirer

CC: Elgi Equipment Ltd.

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