Indian Hume Pipe Co. Ltd. — Capital/Financing Update 2021

Nov 9, 2021

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HP/SEC/ 9[th] November, 2021

1. BSE Ltd. 2. National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5[th] floor, 1[st] Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Building, P. J. Towers, Bandra-Kurla Complex, Dalal Street, Fort, Mumbai - 400 001 Bandra (East), Mumbai - 400 051

Dear Sirs,

Sub: Proposed creation of pledge of equity shares held by M/s. IHP Finvest Limited (Holding Company) in the Company, for substitution and release of 2[nd] charge of equitable mortgage on the Company’s Vadgaon land, Pune as collateral security, from time to time and subsequent release/ revocation, for securing working capital loans availed by the Company from its Bankers.

--------------------------------------------------------------------------------------------------------------------------In continuation of the earlier intimation dated 30[th] September, 2021 under Regulation 30 of the SEBI (LODR) Regulations, 2015.

M/s. IHP Finvest Ltd., the Holding company of the Company, has informed the Company vide its letter dated 09[th] November, 2021 that the approval of the Members of the Holding Company have been taken by Postal Ballot vide Scrutinizer’s report dated 8[th] November, 2021 and the Members have passed all the resolutions contained in the Postal Ballot Notice with requisite majority, for the proposed creation of pledge of equity shares held by the Holding Company in the Company of the value of Rs.187.50 Crores (Rupees One Hundred Eighty Seven Crores and Fifty lakhs only) from time to time and subsequent release/ revocation of such pledged equity shares in substitution and release of 2[nd] charge of equitable mortgage on the Company’s Vadgaon Land, Pune, subject to such approvals, sanctions, consents and permissions as may be necessary.

The proposed creation of pledge of equity shares held by the Holding Company in the Company will be in favour of SBICAP Trustee Company Ltd. (Security Trustee) acting for and on behalf of the Consortium of Banks (Lenders of the Company) led by State Bank of India and other consortium member.

On receipt of all approvals, sanctions and permissions, M/s. IHP Finvest Limited, the Holding company will initiate the pledge of equity shares and the valuation of equity shares pledged will be monitored on quarterly basis, and in case the amount falls below the stipulated level of Rs. 187.50 Crore, the Holding Company will top up the shortfall by pledging the additional equity shares to the extent of shortfall.

We will keep the Exchange informed about further material developments in this regard from time to time.

Thanking you,

Yours faithfully, For The Indian Hume Pipe Company Limited, SUBHASH Digitally signed by SUBHASH MADHUSUDAN MANDKE MADHUSUDAN Date: 2021.11.09 15:18:13 MANDKE +05'30' S. M. Mandke Company Secretary FCS 2723