Voltas Ltd. — Capital/Financing Update 2023

Nov 8, 2023

8[th ] November, 2023

BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051

Dear Sir,

Sub: Disclosure under Regulation 30 read with Schedule III - raising of funds through Rupee Term Loan instead of Non-Convertible Debentures on Private Placement basis

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We take reference to our letter dated 19[h] October, 2023 whereby we had informed that the Directors had at the Board Meeting held on 19[th] October, 2023, considered and approved the proposal of raising of Non-Convertible Debentures (NCDs) on a Private Placement basis for an amount up to ` 500 crores.

1. We wish to inform that subsequently, due to alternate option made available to the Company, the Directors have at its Meeting held on 8[th] November, 2023, approved the proposal of availing of an unsecured Rupee Term Loan from a Bank up to an amount of ` 500 crores instead of raising funds through NCDs. The Rupee Term Loan would be utilised for capital expenditure of the Company for its new manufacturing plant at Chennai and Waghodia in Gujarat. Accordingly, the proposal for issue of NCDs is withdrawn for the time being.

2. This is for your information and record. A copy of this intimation is also being made available on the Company’s website at www.voltas.com.

Thanking you,

Yours faithfully, VOLTAS LIMITED

VARUN Digitally signed by VARUN PRAKASH PRAKASH MALHOTRA Date: 2023.11.08 09:53:50 MALHOTRA +05'30' V. P. Malhotra Head - Taxation, Legal & Company Secretary