PTC India Ltd — Capital/Financing Update 2019

May 13, 2019

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Nameof the parties to the AgreementParties to the SSA and SHA:(a)Company;(b)BSE;(c)ICICI; and(d)JV Company.Purpose of entering into the agreementThe Parties have executed the SSA, agreeing tosubscribe to theshare capitalof theJVCompany, such that post infusion, the sharecapital of the jV Company shall stand at Rs.25,50,00,000.The SHA has been entered into by the Partiesto govern the_inter-se_rights and obligations ofthe JV Shareholders and the JV Company.Date of execution of the AgreementThe SSA and the SHA have been entered intoon April 26, 2019.
	py.
	te of execution of the AgreementThe SSA	and the SHA have been entered into
	on April	26, 2019.
	PTC In(Formerly known as PowerCIN : L40102nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi -Eil if@idi

In case of issuance of shares to the	No shares are issued by PTC India Limited.
parties, details of issue price, class of
shares issued
Whetherthetransactionwouldfall	n.a.
within related party transactions? If yes,
whether the same is done at arms' length
Significant terms of the agreement (in	TheSHA provides that all JV Shareholders
brief) special rights like right to appoint	shall have standard rights and obligationsas
directors, first right to share subscription	that in a joint venture agreement, including
in case of issuance of shares, right to	such asright of first refusal and tag along right
restrict any change in capital structure	on sale of shares by the other shareholders. On
etc.	the closing, PTC India Limited shall have the
	right to appoint a director on the board of the
	JV Company.
Any other disclosures related to such	n.a.
agreements, viz., details of nominee on
the board of directors of the listed entity,
potential conflict of interest arising out of
such agreements, etc;
Whether, the said parties are related to	n.a.
promoter/promotergroup/group
companies in any manner. If yes, nature
of relationship
Shareholding, if any, in the entity with	As on date of execution, the Company does not
whom the agreement is executed	hold any shares in the JV Company. However,
	on the completion of the subscription under the
	SSA,thePTCIndia Limitedshallhold
	approximately 49% of the share capital of the
	JV Company.