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Greaves Cotton: Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015


We wish to inform you that based on the approval of the board of Greaves Cotton Limited ("Company") at its meeting held on May 31 2022 and the approval of the board of Greaves Electric Mobility Private Limited (formerly known as Ampere Vehicles Private Limited) ("GEMPL") a wholly owned subsidiary of the Company at its meeting held on May 31 2022 the Company GEMPL and Abdul Latif Jameel International DMCC (Investor) have executed a share subscription agreement and a shareholders agreement on June 02 2022 (collectively Agreements) for a proposed investment by the Investor in GEMPL of INR equivalent of USD 150 000 000 (USD One Hundred and Fifty million) for subscription by the Investor to 68 35 450 equity shares of GEMPL on a preferential allotment through private placement basis resulting in a shareholding of 35.80% on a fully diluted basis in GEMPL for the Investor in accordance with the terms and timelines set out in the Agreements.

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