This is in continuation of the Exchange notice no. 20230322-27 dated 22 March, 2023 for Offer, whereby the Seller, The President of India (acting through the Department of Defence Production, Ministry of Defence, Government of India) (the “Seller”), proposed to sell up to 1.75% (58,51,782) equity shares of the Company (“Base Offer Size”) on March 23, 2023 (“T day”) (for non- Retail Investors only) and on March 24, 2023 (“T + 1 day”) (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell up to 58,51,781 (1.75%) equity shares of the Company (the “Oversubscription Option”, the equity shares forming part of the Base Offer Size and the Oversubscription Option will represent 3.50% (11,703,563) equity shares of the Company, and will collectively, hereinafter be referred to as “Offer Shares”), collectively representing 3.50% of the total paid up equity share capital of the Company on December 31, 2022, in accordance with the OFS Guidelines and the notices and circulars issued by BSE and NSE, from time to time, in this regard (such offer for sale hereinafter referred to as the “Offer”).

In this regard, the Seller intimated their intention to exercise the Oversubscription Option to the extent of 58,51,781 (1.75%) equity shares of the Company in addition to the Base Offer Size. Accordingly, the Offer Shares will be 11,703,563 (3.50%) equity shares of the Company. Consequently, 11,70,357 equity shares would be available as part of the offer on March 24, 2023, to the retail investors.

 A copy of the letter dated March 23,2023 submitted by the President of India (acting through the Department of Defence Production, Ministry of Defence, Government of India) (the “Seller”) is attached for information.

Bhushan Mokashi                                       

General Manager

Listing Sales & Ops

March 23, 2023