Elgi Equipments Ltd. — Major Shareholding Notification 2025

Jul 11, 2025

Docusign Envelope ID: 99DDBC37-2562-46CC-8833-21F89CE2E483

PARI WASHINGTON INDIA MASTER FUND, LTD.

July 10, 2025

By Fax

To:

Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai, MH 400001 Tel: + 91 22 2272 1233/4 Fax: + 91 22 2272 1919

Dear Madam/Sir,

Sub: Disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011

We are pleased to enclose the completed forms for your information.

Should you require any further information, please do not hesitate to contact us. Thank you.

Yours faithfully,

==> picture [75 x 37] intentionally omitted <==

-------------------------------Mr.Kooshal Ashley Torul

Authorised Signatory for Pari Washington India Master Fund, Ltd.

Docusign Envelope ID: 99DDBC37-2562-46CC-8833-21F89CE2E483

PARI WASHINGTON INDIA MASTER FUND, LTD.

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and

Takeovers) Regulations, 2011

Name of the Target Company (TC)	Name of the Target Company (TC)	Name of the Target Company (TC)	Name of the Target Company (TC)	Name of the Target Company (TC)	Elgi Equipments Limited	Elgi Equipments Limited	Elgi Equipments Limited
Name(s) of the Concert (PAC)			~~acquirer/~~seller and Persons Acting in with the~~acquirer/~~seller		1) Pari Washington India Master Fund, Ltd. (PWIMF, Seller) 2) Pari Washington Investment Fund (PWIF, PAC)
Whether the ~~acquirer/~~seller belongs to Promoter/Promoter group					No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed					Bombay Stock Exchange National Stock Exchange
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/~~disposal 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 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)					26,138,193 NA NA NA	8.25% NA NA NA	8.25% NA NA NA
e) Total	(a+b+c+d)				26,138,193	8.25%	8.25%
Details of~~acquisition/~~sale a) Shares carrying voting rights~~acquired/~~sold  Shares sold~~(Acquirer/~~Seller & PAC) b) VRs acquired /sold otherwise than by 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					(3,415,786) NA NA	(1.08%) NA NA	(1.08%) NA NA

Docusign Envelope ID: 99DDBC37-2562-46CC-8833-21F89CE2E483

PARI WASHINGTON INDIA MASTER FUND, LTD.

	d) Shares encumbered/invoked/released by the acquirer.	NA	NA	NA
	e) Total (a+b+c+/-d)	(3,415,786)	(1.08%)	(1.08%)
	After the~~acquisition/~~sale, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by 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	22,722,407 NA NA NA	7.17% NA NA NA	7.17% NA NA NA
	e) Total (a+b+c+d)	22,722,407	7.17%	7.17%
	Mode of~~acquisition/~~sale (e.g. open market/off- market/ public issue rights issue/preferential allotment/inter-se transfer etc.)	Open Market
	Date of~~acquisition/~~sale of shares/~~VR or date of~~ ~~receipt of intimation of allotment of shares,~~ whichever is applicable	July 08, 2025 to July 09, 2025
	Equity share capital/total voting capital of the TC before the said~~acquisition/~~sale	316,909,016
	Equity share capital/total voting capital of the TC after the said~~acquisition/~~sale	316,909,016
	Total diluted share/voting capital of the TC after the said~~acquisition~~/sale	316,909,016

(*) 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/~~ seller/Authorised Signatory

-------------------------------Mr.Kooshal Ashley Torul

Place: Mauritius Date: July 10, 2025

10/07/2025