GHCL Textiles Limited — Capital/Financing Update 2024

Jan 11, 2024

पौष कृ� प�, अमाव�ा िव�म संवत, २०८०

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January 11, 2024

National Stock Exchange of BSE Limited India Limite d Corporate Relationship Department, “Exchange Plaza” 1[st] Floor, New Trading Ring, Rotunda Building, Bandra – Kurla Complex, P.J. Towers, Bandra (E), Mumbai – 400 051 Dalal Street, Fort, Mumbai – 400 001 NSE Code: GHCLTEXTIL BSE Code: 543918

Dear Sir/Madam,

Press Release - GHCL Textiles Limited

Subject: Disclosure of Material Event I Information under Regulation 30 of SEBI (LODR) Regulations, 2015

We would like to inform that the Company has entered into a Memorandum of Understanding (MoU) with Guidance, the Nodal Agency of Government of Tamil Nadu on January 08, 2024 as part of the Tamil Nadu Global Investors Meet 2024 for investing up to Rs. 535 Crores over a period of four-year.

In this regard, please find enclosed herewith copy of the Press Release issued by the Company for your reference and record.

Please note that copy of this intimation is also available on the website of BSE Limited (www.bseindia.com/corporates), National Stock Exchange of India Limited (www.nseindia.com/corporates) and website of the Company (www.ghctextiles.co.in ).

You are requested to kindly take note of the same.

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Thanking you

Yours faithfully

For GHCL Textiles Limited

LALIT Digitally signed by LALIT NARAYAN NARAYAN DWIVEDI Date: 2024.01.11 Lalit Narayan Dwivedi DWIVEDI 17:10:32 +05'30' Company Secretary and Compliance officer

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Press Release

GHCL Textiles Ltd. signs an MOU for

Investing Rs. 535 Crores in Tamil Nadu

Chennai, 11[th] January, 2024: GHCL Textiles Ltd., a leading manufacturer and supplier of 100% Combed Cotton Compact Ring Spun yarns, Cotton Open End yarns, 100% Synthetic and Blend Ring Spun yarns, Vortex yarns and TFO yarns signed an MOU with the Government of Tamil Nadu for an investment of Rs.535 crores on 8[th] January, at the Global Investors Meet 2024. The MoU was signed in the presence of Honorable Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu. GHCL Textiles was represented by Mr.R.Balakrishnan, CEO and Mr.N.Rajagopal, Sr.GM (Technical).

The MoU entails investments for capacity expansion as well as investments in renewable energy in Tamil Nadu. Once implemented, GHCL Textile’s total investment in the state will be over Rs.1035 crores and its renewable energy portfolio will expand to 75 MW.

Commenting on the investment, Mr. R S Jalan, Director, GHCL Textiles said, “It is our honor to be a part of the state and India’s growth journey. These investments are in line with our promise to consistently deliver value for our stakeholders through sustained expansion in earnings. Over the next four years, the investments will be used for capacity and product basket expansions, vertical integration of textile manufacturing to include knitted and woven finished fabrics as well as the enhancement of Green energy portfolio. Thus amplifying our value added product basket, accelerating growth and positioning us among the top-tier industry leaders.”

ABOUT GHCL TEXTILES

GHCL Textiles Limited, established in 1927 as Sri Meenakshi mills, was a part of GHCL Limited till its demerger in April 2023. Recognized for its customer focus, the company has evolved into a leader in the spinning industry and boasts of a variety of products that adhere to global standards and international quality benchmarks. With a capacity of 225000 Ring Spindles, 3320 Rotors, 480 Vortex & 5760 TFO Spindles, the company produces a wide range of products to fulfil the needs of a variety of customers. With clearly defined quality norms and strict process control, it has the capability to tailor-make products to suit specific applications and service premium buyers in domestic and international markets.

GHCL Textiles Limited remains committed to working closely with stakeholders at various plant locations to promote sustainability and social upliftment initiatives underpinning on the core values of Respect, Trust, Ownership and Integrated Teamwork.

https://ghcltextiles.co.in/

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For more information, please contact: GHCL Fortuna PR Deepika Abrol Soumya Shree Ph: +91 9910882494 Ph: +91 9650970108 Email : Deepikaabrol@ghcl.co.in Email: soumya@fortunapr.com