VOLTAMP TRANSFORMERS LIMITED — Capital/Financing Update 2021

Aug 24, 2021

Ref: VTL/NSE-BSE/ August,2021 August 24, 2021

Voltamp Transformers Limited

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Dear Sirs,

Sub: Outcome of the Board Meeting held on August 24, 2021 pursuant to regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reference: Scheme of Amalgamation between Kunjal Investments Private Limited ('Transferor Company' or 'KIPL') and Voltamp Transformers Limited ('Transferee Company' or 'VTL') and their respective shareholders and creditors under sections 230 - 232 of the Companies Act, 2013 read with Companies (Compromise, Arrangements and Amalgamations) Rule, 2016, ('Scheme').

In accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the meeting of the Board of Directors (" Board" ) of the Company was held today at 3:00 P.M. and concluded at 3:40 P.M., for taking the certified copy of the order passed by Hon' ble National Company Law Tribunal, Ahmedabad Bench, vide no. C.P. (CAA)/26(AHM) 2021 IN C.A.(CAA) 12(AHM) 2021 dated 16th august, 2021 approving the Scheme as mentioned hereinabove in reference on record and allotment of shares pursuant to the said Scheme.

As per the said Scheme following consideration to be paid to shareholders of Transferor Company. "Upon coming into effect of the Scheme, and in consideration for the transfer and vesting of KIPL with the VTL, the VTL, without any application or deed, issue and allot 43,44,474 fully paid up new equity shares to the members of the KIPL whose names appear in the register of members of the KIPL as on the Record Date , or to such of their respective heirs, executors, administrators or other legal representatives or other successors in title as may be recognized by the Board of the KIPL in proportion of the equity shares held by them in KIPL".

In accordance with the aforementioned Scheme, the Company herby allots 43,23,835 (Forty Three Lakh Twenty Three Thousand Eight Hundred Thirty Five) and 20,639 (Twenty Thousand Six Hundred Thirty Nine) equity shares of the face value of INR 10.00 each to Shri Kunjal L. Patel and to Smt. Tara I K. Patel respectively, the shareholders of KIPL.

You are requested to kindly take the above on record.

COMPANY SECRETARY & COMPLIANCE OFFICER

Regd . Office & Works : Makarpura, VADDDARA-390014 . GUJARAT, (INDIAJ Phone : + 91 265 6141403-480, 3041403-480, + 91 8128675078, 8128675080 Fax : + 91 - 265 6141499, 304 1499 Email: voltamp@voltamptransformers.com Web :www.voltamptransformers.com CIN : L31100GJ1967PLC001437

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