Sundram Fasteners Ltd. — Capital/Financing Update 2022

Jan 6, 2022

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SURESH KRISHNA

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NO.79, POES GARDEN, CHENNAI 600 086 Ph No. 044-28478500 E-Mail: hq@corp.sfl.co.in

January 6, 2022

Shri R Dilip Kumar

Executive Vice President-Finance & Company Secretary

Sundram Fasteners Limited No.98A, VII Floor, Dr. Radhakrishnan Salai, Mylapore, Chennai-600004

Dear Shri R Dilip Kumar,

I refer to my earlier letters dated December 10, 2020, January 27, 2021 and January 30, 2021 regarding the memorandum of family arrangement dated December 10, 2020 executed between various members of the TVS family and the family arrangement. I also refer to my earlier letter dated February 11, 2021 regarding filing of composite scheme of amalgamation and arrangement involving, inter-alia, T.V. Sundram Iyengar & Sons Private Limited (“ TVSS ”), Sundaram Industries Private Limited (“ SIPL ”), Southern Roadways Private Limited (“ SRPL ”) and TVS Sundram Fasteners Private Limited (“ TPL ”) (“ Scheme ”) with the Honorable National Company Law Tribunal, Chennai Bench (“ NCLT ”), and letter dated December 10, 2021 regarding the receipt of the order approving the Scheme from the Honorable NCLT.

As a further update, I wish to inform you that the Scheme was made effective on January 6, 2022 (“ Effective Date ”). As per the Scheme, on the Effective Date (which is also the first appointed date (“ First Appointed Date ”)), inter-alia SIPL and SRPL have amalgamated with TVSS and have been dissolved without the process of winding up. As a result of this, the shareholding of SRPL in Sundram Fasteners Limited (“ Company ”) consisting of 5,07,73,280 equity shares (representing 24.16% of its paid up equity share capital), has been vested in / transferred to TVSS.

As a subsequent step to the above, in terms of the Scheme, after 18 business days from the First Appointed Date, i.e., on February 4, 2022 (“ Second Appointed Date ”), the Fasteners business undertaking of TVSS (which includes equity shares of the Company) shall be demerged from TVSS to TPL. Therefore, after the Second Appointed Date, 49.53% shareholding of TVSS in the Company shall vest in/ be transferred to TPL.

This information is being provided to your good office for wider dissemination to stakeholders in the Company. We shall provide further periodic updates from time to time.

Thanking you,

Yours sincerely

SURESH Digitally signed by SURESH KRISHN KRISHNA Date: 2022.01.06 A 18:10:26 +05'30'

Suresh Krishna

Copy to:

T V Sundram Iyengar & Sons Private Limited ,

'TVS Building',

7-B, West Veli Street, Madurai - 625 001, India.

Sundaram Industries Private Limited ,

'TVS Building', 7-B, West Veli Street, Madurai - 625 001, India.

Southern Roadways Private Limited , Lakshmi Building Usilampatti Road, Kochadai, Madurai - 625 016, India