Kabra Extrusion Technik Ltd — Capital/Financing Update 2023

Feb 8, 2023

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KET/SEC/SE/2022-23/62 February 8, 2023

BSE Limited

Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 524109

National Stock Exchange India Ltd. Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai-400051 Stock Code: KABRAEXTRU

Dear Sirs,

Sub.: Press Release

Find attached the copy of the press release titled “ Kabra Extrusiontechnik approves setting up of New Manufacturing plant in North India for its future technologies brand Battrixx ”

This is for your information and records.

Thanking you, Yours faithfully,

For Kabra Extrusiontechnik Limited

ANTONY PIUS Digitally signed by ANTONY PIUS ALAPAT ALAPAT Date: 2023.02.08 15:30:28 +05'30' Antony Alapat Company Secretary

www.kolsite.com A Kolsite Group Company

Kabra Extrusiontechnik Ltd.

Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall,

Andheri (West), Mumbai - 400 053. Maharashtra, India.

Phone : +91-22-26734822/23/24/25  Fax : +91-22-2673 5041  Email : sales@kolsitegroup.com CIN - L28900MH1982PLC028535

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Kabra Extrusiontechnik approves setting up of New Manufacturing plant in North India for its future technologies brand Battrixx

Mumbai, 8[th] February ‘2023 : Kabra Extrusiontechnik, one of the leading EV battery manufacturers in India, has announced that its board has approved the plan to set up a new manufacturing plant in North India to manufacture new age Lithium-ion battery packs and other ancillary products, through its wholly owned subsidiary.

The proposed new facility will be a state of the art highly automated facility, having an annual capacity of 0.75 Gwh. The announcement is part of the company’s region-focused approach and strong emphasis on sustainability.

With the new proposed facility, Battrixx intends to acquire a larger market share in the e- mobility segment in North India. The new facility will strengthen and serve new customers operating in electric 2-wheeler, 3-wheeler and light commercial vehicle (LCV) segment.

The proposed facility is expected to be fully operational by Q3 of financial year 2024.

"North India presents the largest opportunity for electric vehicles in India" said Mr. Anand Kabra, Vice-Chairman & MD, Kabra Extrusiontechnik Ltd said, "With this proposed new facility, we are positioning ourselves to capture new business in the e-mobility segment in this market. Overall, the company envisions the new facility to increase the foothold of the company in North India. Our strong focus on technology and continuous innovation will enable us to cater to our customers’ needs in the market. This is a significant step forward for Battrixx and a testament to our commitment to driving the growth of the electric vehicle industry in India.”

For more details, pls contact;

Kabra Extrusiontechnik Ltd.

10[th] Floor, B-Wing, Fortune Terraces, Link Road, Andheri-West, Mumbai 53 Telephone : +91-22-26734822

Email : ket_sd@kolsitegroup.com www.kolsite.com | www.battrixx.com

Safe Harbor

This statement contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy, pandemic or any event/disruptions beyond the Company’s control. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. This statement has been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever.