Grindwell Norton Ltd. — M&A Activity 2022

May 13, 2022

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May 13, 2022

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

Symbol: GRINDWELL

Dear Sir/Madam,

Sub: Execution of Share Purchase Agreement

Further to our letter dated May 6, 2022, we would like to submit the following,

Grindwell Norton Limited (“Company”) executed a Share Purchase Agreement (“SPA”) with shareholders of PRS Permacel Private Limited (“PRS Permacel”) on May 12, 2022, for the acquisition of 100% equity shares of the PRS Permacel.

The acquisition will be completed on fulfillment of closing conditions. Post-acquisition, PRS Permacel will become a 100% subsidiary of the Company.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Grindwell Norton Limited

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K. Visweswaran Company Secretary Membership No. A16123

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