GREAVES COTTON LTD. - Update - Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations")

This is in furtherance to our intimation dated 20th October 2022 (enclosed herewith), we wish to inform that the modalities of the second stage acquisition of additional 25% shareholding (on a fully diluted basis) in MLR Auto Limited by Greaves Electric Mobility Private Limited (Formerly known as Ampere Vehicles Private Limited), subsidiary of the Company, has been finalised and the definitive documents are expected to be executed on or before the end of Q1 of FY2023-24, which shall be subject to customary closing conditions. This is for your information and records.