Jyoti Ltd. — Capital/Financing Update 2022

Jan 8, 2022

8th January 2022

Sub: Announcement under regulation 30 of SEBI LODR - One Time Settlement with Technology Development Board Dear Sir,

We wish to inform you that the Company has done One Time Settlement (OTS) with Technology Development Board (TDB), New Delhi for Rs. 135 Lakhs and given six equal monthly instalments post dated cheques starting from 14.01.2022 and signed agreement on 07.01.2022 in this regard. The reason for settlement is that the Company has taken part funding under indigenous technology for wind turbine project from TDB which has been shelved long time back. Now the Company offered for OTS amount for remaining balance amount which TDB has accepted. the Company is having sufficient liquidity to pay the same in six monthly instalments.