Voltas Ltd. — Capital/Financing Update 2023

Oct 19, 2023

19[th] October, 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: Outcome of Board Meeting – raising of funds through issuance of Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures on Private Placement basis

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We take reference to our letter dated 16[th] October, 2023 on the above subject and in terms of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, wish to inform that at the Board Meeting held today, the Directors have considered and approved the proposal of raising funds through issuance of Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures (NCDs) on Private Placement basis for an amount upto Rs.500 crores. The funds would be utilized for the capital expenditure of the Company for its new manufacturing Plants at Chennai and Waghodia in Gujarat. The Board has constituted and authorized the Debenture Committee to take necessary actions in respect of finalization of terms of issuance and allotment of NCDs. The Meeting of the Board of Directors commenced at 1.30 p.m. and concluded at 7.00 p.m.

1. 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: 2023.10.19 19:04:55 MALHOTRA +05'30' V. P. Malhotra Head - Taxation, Legal & Company Secretary