Grindwell Norton Ltd. — Capital/Financing Update 2021

Nov 16, 2021

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November 16, 2021

National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (East) Fort Mumbai 400 051 Mumbai 400 001 Symbol: GRINDWELL Scrip Code No. 506076

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 - Investment in Cleanwin Energy Three LLP

With reference to the above captioned subject, we would like to inform you that the Company has made an investment of Rs.15 Lakhs in Cleanwin Energy Three LLP towards Power Purchase. The required details are as follows:

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----- Start of picture text ----- Name(s) of parties with whom the agreement Limited Liability Partnership (“LLP”)is entered Designated Partners:Mr. Harshvardhan Goenka andMrs. Manisha Goenka andYellowstone Clean Energy LLP andGrindwell Norton LimitedPurpose of entering into the agreement Power Purchase Agreement(generated through Wind Energy Generation)Shareholding, if any, in the entity with whom Capital Contribution:the agreement is executed Grindwell Norton Limited’s contribution is27.27% in Cleanwin Energy Three LLPSignificant terms of the agreement (in brief) The business of the LLP shall be carried inspecial rights like right to appoint directors, the name and style of “Cleanwin Energyfirst right to share subscription in case of Three LLP” .issuance of shares, right to restrict any The Designated Partners shall be responsiblechange in capital structure etc., for doing all such acts, matters and things asare required to be done by the LLP in respectof compliance with the provisions of the LLPActWhether, the said parties are related to Not related to the Promoter/Promoterpromoter/promoter group/group companies Group/Group Companiesin any manner----- End of picture text -----

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Whether the transaction would fall withinrelatedpartytransactions	No
In case of issuance of shares to the parties,details of issueprice,class of shares issued	Not Applicable
Any other disclosures related to suchagreements, viz., details of nominee on theboard of directors of the listed entity,potential conflict of interest arising out ofsuch agreements,etc	There is no potential conflict of interestarising out of such an agreement

Kindly take the same on record.

Thanking you,

Yours faithfully, For Grindwell Norton Limited K. Visweswaran Company Secretary Membership No. A16123

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