Indag Rubber Ltd. — Capital/Financing Update 2021

Oct 19, 2021

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October 19, 2021

BSE Limited (Company code-1321) Phiroze Jeejeebhoy Towers, (Scrip code-509162) Dalal Towers, Mumbai-400001

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

In pursuance of Regulation 30 read with Schedule III Part A, Para A and further to our letter dated September 29, 2021 regarding sale / transfer of 15,00,000 equity shares of Rs.10 each of SUN Mobility EV Infra (P) Limited, (Joint Venture company- hereinafter referred as JVCO), by the Company, to EPIC Mobility Technologies Pte Ltd. (Joint Venture Partner – hereinafter referred as Purchaser) at IRR of 15% pre-tax or Fair Market Value (whichever is higher), we would like to inform you that the equity shares of Rs.10 each have been transferred at a price of Rs.14.642 per share (Total amount – Rs.2.20 crore) on 18 October 2021.

Further, please note that

• The 1,20,00,000 optionally convertible redeemable preference shares of Rs.10/each of JVCO held by the Company have been redeemed on 18 October 2021 at a price of Rs.14.642 per share (Total amount – Rs.17.57 crore)

• Mr. Vijay Shrinivas, who was a representative Director of the Company on the Board of JVCO, has resigned from the Board of JVCO w.e.f. 18 October 2021, as the Company is not holding any share capital of the JVCO w.e.f. 18 October 2021.

Kindly take this on record.

Thanking you, Yours faithfully,

For Indag Rubber Limited

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Company Secretary