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Esab India Ltd. Capital/Financing Update 2024

May 23, 2024

60891_rns_2024-05-23_ef04eb31-8ec1-40cf-a8b4-542c6e54de86.pdf

Capital/Financing Update

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==> picture [80 x 55] intentionally omitted <==

ESAB/SE/2024

23[rd] May 2024

	To BSE Limited PJ Towers Dalal Street Mumbai 400 001.	National Stock Exchange of India Limited Exchange Plaza Plot No.01, G Block, Bandra-Kurla Complex. Sandra (E) Mumbai 400 051

pScrip Code :500133 / ESABINDIA

Sub: Equity Investment in a Special Purpose Vehicle (SPV) – Group Captive Consumption of renewable energy

This is to inform that the Company had taken the approval from the Board of Directors in their meeting held on 8[th] February 2024 for proposed procurement of renewable energy from a power generating company with 26% equity investment in a Special Purpose Vehicle for a value upto Rs. 1.52 crores. The same has been intimated to Stock Exchanges vide our letter dated 8[th] February 2024.

In modification to our earlier intimation letter dated 8[th] February 2024, we hereby inform that the Company has now obtained approval from the Board of Directors in their meeting held on 23[rd] May 2024 for a revised value of investment upto Rs.2 crores.

Please take the above on record and bring this to the notice of the members.

Thanking you,