PTC INDIA LTD. - Clarification On News Item Appearing In Media/Publication

This is with reference for clarification on news item appeared in www.business-standard.com dated September, 05, 2022 captioned 'PTC India to set up plant in Nepal: to supply power to India, Bangladesh.' In this regard, our clarifications to the above new article are as under: We would like to clarify that the above published news article in Business Standard regarding setting up a plant by PTC in Nepal is incorrect. 1. We would like to clarify that no negotiations related to setting up of a plant in Nepal has taken place with any entity. 2. There is no unusual movement in share price of the company due to any such reporting by Business Standard. The PTC India share remained in the band of Rs. 84.4 to Rs. 85.50 during the day. 3. As per our information, there is no material impact of any such article by Business Standard. We reconfirm that the above news related to PTC setting up a plant in Nepal is factually incorrect.