PTC India Ltd — Capital/Financing Update 2023

Oct 26, 2023

==> picture [89 x 92] intentionally omitted <==

Date: 26[th] October 2023

	ToThe ManagerListing DepartmentBSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai- 400001	ToThe General ManagerListing DepartmentNational Stock Exchange of India LimitedExchange Plaza, C-1, Block G,Bandra- Kurla Complex, Bandra (East),Mumbai- 51

Sub: 100% stake Divestment of PTC India Limited (PTC) in PTC Energy Limited (PEL) – reg. clarifications on the ONGC bid

Dear Sir

This is to further to our intimation filled to the stock exchanges and to clarify some media reports regarding PTC’s stake sale in PTC Energy Limited (“PEL”).

It may be noted that the bid submitted by ONGC is an all cash bid of ₹ 925 Crores (INR Nine Hundred Twenty Five Crores) for acquiring PTC’s 100% equity stake in PTC Energy Limited, which corresponds to an Enterprise Value (i.e. sum of outstanding debt and equity value) of ₹ 2021 Crores (INR Two Thousand and Twenty One Crores), subject to adjustments on the date of transaction closure as per the bid format.

It is reiterated that this transaction is subject to the fulfilment of Conditions Precedent (CP), other terms & conditions as per the share purchase agreement to be executed between the parties and approvals as may be required under applicable laws. Further, the acquisition is subject to shareholders’ approval of PTC India Limited as per applicable regulations.

Please take this on record.

Thanking You

For PTC India Limited

Digitally signed RAJIV KUMAR by RAJIV KUMAR MAHESHWAR MAHESHWARI I Date: 2023.10.26 13:27:06 +05'30' (Rajiv Maheswari) Company Secretary FCS - 4998

PTC India Limited

(Formerly known as Power Trading Corporation of India Limited) CIN : L40105DL1999PLC099328 2nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi - 110 066 Tel: 011-41659121, Fax: 011-41659142 E-mail: info@ptcindia.com Website: www.ptcindia.com,