Salzer Electronics Ltd. — Capital/Financing Update 2021

Sep 2, 2021

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SALZER ELECTRONICS LTD

Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535 Phone No.0422-4233600/ 614/696 E-Mail : baskarasubramanian@salzergroup.com web site : https://www.salzergroup.net/

September 2, 2021

To

THE CORPORATE RELATIONSHIP DEPT M/s. NATIONAL STOCK EXCHANGE OF INDIA LTD., M/s.BSE Limited Exchange Plaza, C-1, Block G, I Floor, New Trading Ring, Bandra Kurla Complex, Rotunda Building, Bandra (E),Mumbai – 400 051 P.J.Towers, Dalal Street, Tel :+91 22 26598235/36, 26598346 Fort, Mumbai - 400 001. Fax : +91 22 26598237/38

SCRIP CODE: 517059 Symbol: SALZERELEC

Dear Sir,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sirs,

In continuation of our Media Release dated July 19,2021 as well as Disclosure dated July 22,2021 with regard to our Joint Venture Agreement with an IndoAustrian technology firm - Emarch LLP through our Wholly owned Subsidiary Salzer EV Infra Private Limited and in pursuance of which, about formation of Joint Venture Company – SALZER EMARCH ELECTROMOBILITY PRIVATE LIMITED for making electric conversion kits for auto-rickshaws, cars and buses and also manufacture novel electric driven utility vehicles, we would like to inform that the Joint Venture Partners incorporated aforesaid “SALZER EMARCH ELECTROMOBILITY PRIVATE LIMITED” today and whose details are

Incorporation details

Name of the Company SALZER EMARCH ELECTROMOBILITY PRIVATE LIMITED Date of Incorporation September 2, 2021 Corporate Identification Number U31909TZ2021PTC036930

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SALZER ELECTRONICS LTD

Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535 Phone No.0422-4233600/ 614/696 E-Mail : baskarasubramanian@salzergroup.com web site : https://www.salzergroup.net/

Registered Office address S.F.No. 647/2, Samichettipalayam, Jothipuram (Post), Coimbatore, Coimbatore, Tamil Nadu, India, 641047 Jurisdiction of Registrar of Companies Coimbatore, Tamil Nadu

The details as required to be furnished under SEBI (LODR) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 are furnished in Annexure A forming part of this letter.

Kindly acknowledge the receipt.

Thanking you,

Yours faithfully, For SALZER ELECTRONICS LIMITED

Digitally signed by SANKARAN SANKARAN BASKARASUBRAMANIAN DN: c=IN, o=Personal, pseudonym=a1f0970b14f7f3f1aa219a596ac2 3e84f34efed54da38713c999d9ff09f00afc, BASKARASU postalCode=641025, st=TAMIL NADU, serialNumber=e1f7b6cb4e1ce4b8d175adde6 dd2a24f6011a63e64d8c989aec8b27be44a42 4a, cn=SANKARAN BASKARASUBRAMANIAN BRAMANIAN Date: 2021.09.02 15:57:51 +05'30' DIRECTOR (CORPORATE AFFAIRS) & COMPANY SECRETARY

Encl : as above

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SALZER ELECTRONICS LTD

Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535 Phone No.0422-4233600/ 614/696 E-Mail : baskarasubramanian@salzergroup.com web site : https://www.salzergroup.net/

Annexure : A forming part of the letter dated September 02,2021

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• a. name of the target entity, details in brief such as size, turnover etc.;

• : SALZER EMARCH ELECTROMOBILITY PRIVATE LIMITED a Joint Venture Company between Salzer’s wholly owned subsidiary – Salzer EV Infra Private Limited and EMarch LLP, an Indo Austrian technology firm with initial authorized share capital of Rs.10,00,000 comprising of 1,00,000 equity shares of Rs.10/- each

Turnover & Net Profit: Not Applicable

• b. whether the acquisition would fall : Not applicable within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length”;

• c. industry to which the entity being : Electrical and Electronics acquired belongs;

• d. objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);

• : The new Joint Venture Company was incorporated with an objective of making electric conversion kits for auto-rickshaws, cars and buses and also manufacture novel electric driven utility vehicles and other allied activities

• e. brief details of any governmental or : Not Applicable regulatory approvals required for the acquisition;

• f. indicative time period for completion of : Not Applicable the acquisition;

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SALZER ELECTRONICS LTD

Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535 Phone No.0422-4233600/ 614/696 E-Mail : baskarasubramanian@salzergroup.com web site : https://www.salzergroup.net/

• g. nature of consideration - whether cash : Cash consideration or share swap and details of the same;

• h. cost of acquisition or the price at which the shares are acquired;

• : With an Initial subscription amount of Rs.1,00,000/-

• i. percentage of shareholding / control acquired and / or number of shares acquired;

• : As per JV, it is to be 26%

• j. brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);

• : Not applicable

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