Elgi Equipments Ltd. — Major Shareholding Notification 2025

Nov 28, 2025

1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan Tel.03-3240-8111 www.mufg.jp/english

27[th] November, 2025

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001 India

National Stock Exchange of India Ltd

Exchange Plaza Plot no. C/1, G Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051 India

Elgi Equipments Limited Trichy Rd, Thiyagi Shanmuga Nagar, Vasanth Nagar, Singanallur, Coimbatore,Tamil Nadu 641005, India

Dear Sir/Madam,

Re: Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for sale of interest in Elgi Equipments Limited

Mitsubishi UFJ Financial Group, Inc. (“MUFG”) has sold an indirect interest in Elgi Equipments Limited on account of sale of the following entity: First Sentier Investors (Hong Kong) Limited and First Sentier Investors (Singapore) on November 25[th] , 2025. These entities directly hold shares in Elgi Equipments Limited.

The thresholds for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are met and currently, MUFG has an aggregated interest in Elgi Equipments Limited of 2.11% ordinary share capital, as on November 25[th] , 2025, which is the date of sale. This is based upon a total of 6,674,650 shares held and a total of 315,701,778 voting rights on issue.

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Please see enclosed the formal disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as per the specified format.

Kindly note and take the above on record.

Thank you.

Yours faithfully,

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Hidetoshi Fuwa Managing Director Deputy Head of Credit Policy & Planning Division Mitsubishi UFJ Financial Group, Inc.

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1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan Tel.03-3240-8111 www.mufg.jp/english

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

Name of the Target Company (TC)	ELGI EQUIPMENTS LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Acquirer: Mitsubishi UFJ Financial Group (MUFG) PAC: First Sentier Investors (Hong Kong) Limited First Sentier Investors (Singapore)
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	BSE Limited National Stock Exchange of India Limited

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	8,055,055	5.08%	5.08%
b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)	Nil	N.A.	N.A.
c) Voting rights (VR) otherwise than by shares	Nil	N.A.	N.A.
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carryingvotingrights in the TC	Nil	N.A.	N.A.

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(specify holding in each category)
e) Total (a+b+c+d)	8,055,055	5.08%	5.08%
Details of acquisition / sale
a) Shares carrying voting rights acquired/sold	1,380,405	0.44%	0.44%
b) VRs acquired /sold otherwise than by shares	Nil	N.A.	N.A.
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	Nil	N.A.	N.A.
d) Shares encumbered / invoked / released by the acquirer	Nil	N.A.	N.A.
e) Total (a+b+c+d)	1,380,405	0.44%	0.44%
After the acquisition/sale, holding of:
a) Shares carrying voting rights	6,674,650	2.11%	2.11%
b)Shares encumbered with the acquirer	Nil	N.A.	N.A.
c) VRs otherwise than by shares	Nil	N.A.	N.A.
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	Nil	N.A.	N.A.
e) Total (a+b+c+d)	6,674,650	2.11%	2.11%

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Mode of acquisition / sale (e.g. open market /off- market / public issue / rights issue / preferential allotment / inter-se transfer etc.)	Indirect sale of shares in the TC on account of sale by MUFG of entities holding shares in the TC.
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	25thNovember 2025
Equity share capital / total voting capital of the TC before the said acquisition / sale	158,454,508
Equity share capital/ total voting capital of the TC after the said acquisition / sale	315,701,778
Total diluted share/voting capital of the TC after the said acquisition	315,701,778

(*) 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.

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Signature of the acquirer / seller / Authorised Signatory

Hidetoshi Fuwa Managing Director Deputy Head of Credit Policy & Planning Division Mitsubishi UFJ Financial Group, Inc.

Place: 1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

Date: 27[th] November 2025

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