Indo Count Industries Ltd — Capital/Financing Update 2022

May 30, 2022

May 30,2022

National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

SSELimited Department of Corporate Services Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Company Symbol: IOL Scrip Code: 521016

Dear Sir/Madam,

Sub: CAPEXUpdate

With reference to the captioned subject and further to our intimation dated March 18, 2021, we wish to inform the exchanges that the capex of Rs. -50 crores has been utilized for modernizing the existing spinning unit with compact spinning technology. Further, increase in Home Textile capacity from 90 million meters to 108 million meters will be operational by Q3 FY23 when balancing utilities equipment are installed. The commensurate addition in cut/sew facilities and additional TOB capacity is in process and will be operational in H2FY23.

Further, New CAPEX of Rs. -270 crores was approved to enhance our spinning capacity at our subsidiary i.e. Pranavaditya Spinning Mills Limited. and is expected to become operational by Q3 of FY2023.

The Proposed capex will be towards additional spinning Capacity of -68,000 spindles and we plan to spin value added specialised yarn. The project will be divided into 2 phases as under:

Phase I - Rs.98 Crores - 24,192 spindles and expected to be operational by December, 2022

Phase II - Rs. 172 Crores - 43,776 spindles and expected to be operational by March, 2023

The said CAPEXof Rs. 270 crores will be funded by a mix of debt and internal accruals.

The details of said CAPEXare also provided in press release dated 29th May 2022.

Kindly take the above information on record.

Thanking you,

Yours faithfully, For Indo Count Industries Limited

~

Indo Count Industries Ltd

Head OffICe' 301. Arcadia 3rd Floor. Nariman Point. Mumbal - 400 021. Maharashtra, India' T. 022 4341 9500. F 022 2282 3098 MarltOting OffICe Dosti Impeoa. 2nd 1Ioor. Manpada Ghodbunder Road Thane (w) - 400 607. Maharashtra Indl<l.1: 0224151 1800. F 022 2172 0121 Home TextileDivision T3, Kagal- Hatkanangale Five Star, MIDC Ind Area. Kolhapur - 416216. Maharashtra India. T 0231 6627900, F 0231 6627979 Spcnrung OMSlOl'l 01. MIDC. Goku Shlrgaon. Kolhapur - 416234, Maharashtra. India: T 0231 268 7400. F 0231 2672161 Regd OffICe Office No.1. Plot No. 266. Village AIle. Kumbhoj Road,Taluka t1atkaoangale DIS!.Kolhapur - 416 109. Maharashtra. India; T 0230 2463100 12461929 CIN L72200PNI988PlC068972, E Info@lndocounLcom, VII www.lndooounl.com