Nel Holdings South Ltd - Board Meeting Outcome for Outcome Of The Board Meeting Held On August 12, 2022

As intimated vide our letter NEL/020/2022-23 dated 03.08.2022, the Board of Directors of the Company met today i. e on August 12, 2022 and amongst other businesses, have considered and approved the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the First Quarter ended on 30th June, 2022 2. Sale of 49.50% stake in NHDPL South Private Limited (Wholly Owned Subsidiary) 3. Sale of 49.50% stake in NUDPL Ventures Private Limited (Wholly Owned Subsidiary) The meeting concluded at 6.40 PM. As required under Regulation 33 of the Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, the unaudited Financial Results on Standalone basis and on Consolidated basis for the quarter ended 30th June, 2022 are attached with the Limited Review Report of the Statutory Auditors thereon.