SCOOTERS INDIA LTD. - Board Meeting Outcome for The Outcome Of The Meeting Of The Board Of Directors Of Scooters India Limited Held Today I.E. May 24, 2023, In Accordance With Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')

After due discussion on the Due Diligence Report and the Share Capital Audit Report and after taking cognizance of various other factors relevant to the circumstances, the Board approved the Delisting Proposal, in accordance with Regulation 10 of the Delisting Regulations, subject to further approval by shareholders. The Board approved the draft of the postal ballot notice and the explanatory statement thereto, inter-alia, to seek shareholders' approval for the delisting offer. As required under Regulation 10(5) of the Delisting Regulations: a) The copy of the Due Diligence Report is enclosed as 'Annexure A'; and b) The copy of the Share Capital Audit Report is enclosed as 'Annexure B'.