Ion Exchange (India) Ltd — M&A Activity 2023

Jun 23, 2023

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June 23, 2023

To BSE Limited The Corporate Relationship Dept. P.J. Towers, Dalal Street Mumbai-400 001 Scrip Code: 500214

National Stock Exchange of India Limited Exchange Plaza, C-1, Block- G, Bandra Kurla Complex, Bandra (East), Mumbai-400 051 Symbol: IONEXCHANG

Dear Sir/ Madam,

Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing ” - Regulations ) Update on Acquisition

Further to our letter dated April 20, 2023 regarding proposal to invest and takeover a Target company namely - MAPRIL - Produtos Químicos e Maquinas Para a Industria, Lda and to acquire 11,11,500 equity shares equivalent to 100% of the issued and paid-up equity capital of MAPRIL - Produtos Químicos e Maquinas Para a Industria, Lda, this is to inform that the Share Sale and Purchase Agreement is executed and the share transfer process has been completed on June 22, 2023.

This is for your information and records.

Thanking You,

Yours faithfully, For Ion Exchange (India) Limited

MILIND Digitally signed by MILIND DATTATRAYA DATTATRAY PURANIK Date: 2023.06.23 A PURANIK 11:51:37 +05'30' Milind Puranik Company Secretary

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