PG Electroplast Limited — Capital/Financing Update 2023

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September 02, 2023

To, The Manager The General Manager Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Dalal Street Bandra East, Mumbai - 400 051 Mumbai - 400 001

Symbol: PGEL

Scrip Code: 533581

Dear Sir/Madam,

Re: Qualified institutions placement (“QIP” or “Issue”) of equity shares of face value of ₹ 10 each (the “Equity Shares”) to qualified institutional buyers (“QIBs”)

Sub: Outcome of the meeting of QIP Committee – 2022-23

In furtherance to our earlier intimation dated September 01, 2023, with respect to the Issue which opened on August 28, 2023 and closed on September 01, 2023, we wish to inform you that the QIP Committee – 2022-23 of the Company at its meeting held today, i.e. September 02, 2023, approved the issue and allotment of 32,05,128 Equity Shares, to eligible QIBs at the issue price of ₹ 1,560/- per Equity Share (including a premium of ₹ 1,550/- per Equity Share, (which includes a discount of ₹ 81.09/- i.e., 4.94 % of the floor price, as determined in terms of SEBI ICDR Regulations), aggregating to ₹ 499,99,99,680/- (Rupees Four Hundred Ninety Nine Crore Ninety Nine Lakh Ninety Nine Thousand Six Hundred Eighty Only), pursuant to the QIP.

Pursuant to the allotment of Equity Shares under the QIP, the paid-up equity share capital of the Company stands increased from ₹ 22,81,95,170/- consisting of 2,28,19,517 Equity Shares to ₹ 26,02,46,450/- consisting of 2,60,24,645 Equity Shares each. The shareholding pattern of the Company before and after the Issue, will be submitted along with listing application in the format specified in Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The QIP Committee – 2022-23 meeting commenced at 10:00 AM and concluded at 10:35 AM.

Further, please find attached herewith the list of allottees who have been allotted more than 5 per cent of the Equity Shares of the Issue size marked as Annexure A .

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We request you to take the above on record pursuant to compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you, Yours faithfully

For PG Electroplast Limited Sanchay Digitally signed by Sanchay Dubey Date: 2023.09.02 Dubey 12:08:40 +05'30' (Sanchay Dubey) Company Secretary

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ANNEXURE A

LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5 PER CENT OF THE EQUITY SHARES OFFERED IN THE QUALIFIED INSTITUTIONS PLACEMENT

Thanking you, Yours faithfully

For PG Electroplast Limited Sanchay Digitally signed by Sanchay Dubey Date: 2023.09.02 Dubey 12:09:05 +05'30' (Sanchay Dubey) Company Secretary

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