Copy of Newspaper Publication

10th July, 2026 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Newspaper Advertisement - Notice of the 107th AGM and E-voting Information Pursuant to Regulation 47 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of newspaper advertisement titled ‘Notice of the 107th AGM and E-voting Information’, published in the following: Name of the Edition and Language Date of Issue Newspaper Business Standard All India Edition – English 10th July, 2026 Loksatta Chhatrapati Sambhajinagar Edition – Marathi 10th July, 2026 The advertisement copies are also available on the website of the Company in the Investor - - Corporate Announcement section at www.greavescotton.com. Kindly take the above information on record. Thanking You, Yours faithfully, For Greaves Cotton Limited Atindra Basu Group General Counsel & Company Secretary Membership No: F13799 Encl.: a/a Greaves Cotton Limited Email ID: investorservices@greavescotton.com I Website: www.greavescotton.com Registered Office: J-2, MIDC Industrial Area, Chikalthana, Chhatrapati Sambhajinagar - 431 006, Maharashtra, India. Tel.: (+91 240) 2479250, 2479232 Corporate Office: Unit Nos. 301 & 302, 3rd Floor, Tower B, Peninsula Business Park, Ganpatrao Kadam Marg, Off Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, India. Tel: +91 22 41711700 I CIN: L99999MH1922PLC000987 photo: shutterstock THE SHIFTING SOUNDS OF MUSIC With all elements of the music business coalescing, the industry is changing for good vanita kohli-khandekar more so long as you’re giving them Indian music biz: A Pune, 9 July more,” he says. The extras do help get 360-degree view more subscribers, the rise in which is Diljit Dosanjh, Darshan Rawal, Guru fuelling the feeling of well-being. Randhawa are some of the famous art- Revenue (~ crore) 10,250 Globally music subscribers rose 8.8 ists on the Warner Music India roster. n Music recording per cent to 837 million in 2025 over But it is Warner’s spree of acquisitions in and licensing 2024. More than half the money the I l na s Ft ec bo ru up al re y o 2f 0ye 2a 3,r s it t th oa ot kst aa n md as j oou rit t. y n Music 7,825 4,350 r se cc rio pr td ioin ng s fi gr om ins g m bya d IFe P c Ia dm ae ta f .r o m sub- concerts stake in Divo, a digital media and The picture is somewhat different in music company based in southern 2,525 India. In a market of 178 million lis- India. In October 2023, came E-Posi- teners barely 14 million Indians sub- tive, an artist management and live scribe to a streaming music service. events firm. In March 2024 it took a 26 Much of the economics is driven by per cent stake in JetSynthesys’ Global advertising. Every time a song is Music Junction, which has a presence played, a label earns anywhere between in Bhojpuri, Odiya, Haryanvi, Kan- 5,900 4-10 paise against an estimated 50-90 5,300 nada and Gujarati music. In Novem- paise globally. This is a blended esti- ber 2024 came a minority stake in mate across advertising and pay rev- Skillbox, a live entertainment and enue share. No matter how many ticketing platform. This is in addition million times a song is played, the 4 to Sky Digital, a Punjabi music com- Source: FICCI paise doesn’t amount to much. There- pany it acquired in 2021. EY report 2024 2025 fore overall growth has always lagged “Regional music is growing three behind the volumes of consumption. times faster than Hindi in terms of first week sales by 10-20 per cent, But subscribers are up 37 per cent total consumption. This (the acquisi- going by one analysis. over 2024, albeit on a small base. “In tions) ensures we are present in This is a different music market. 2025 we added three times as many almost all states in the country,” says The coalescing of audio streaming, net subscribers as in 2022. With 1.4 bil- Jay Mehta, managing director, Warner social media, influencers and the phe- lion people and rising consumer Music India. But why digital media, nomenal growth of live concerts spending we can imagine a future influencer agencies, events and ticket- means every element in the value with more than 150 million sub- ing platforms? “We don’t want to just chain that gets people to watch, listen scribers in India,” says Gustav Gyllen- invest in music but also in the eco- to, share music either in recorded or hammar, senior vice-president, system that discovers music.” live form, is monetisable. Live con- markets and subscriptions, Spotify. Warner, much like every music certs and the technology to stream dif- Mehta points to the almost 300 mil- company and platform, is reacting to ferent cuts of music play a large part in lion video streaming subscribers as the three big changes the music busi- this. For instance Dosanjh’s India tour the potential for audio as well. ness has seen in recent years — a shift in 2024 made almost ~400 crore in Much of this growth has been poss- from a soundtrack/record label based direct revenue or ticket sales, Coldplay ible because of the third change the ecosystem to an artist ecosystem, the did ~600 crore in 2025. Other revenue business has seen — consolidation. rise of subscription, and consolidation. streams, from airline tickets to hotels, “Less than 3 years back there were “Audiences spend nearly four food and social media, are built in to double-digit streaming platforms. hours each day with calculate the ‘total Today it is down to 4 and 5. India is at audio content. There- economic impact’ the tipping point of when it is going to helping audiences fore helping them dis- which is usually 2-3 start witnessing hockey stick growth,” discover and cover and consume times the direct says Rishabh Gupta, head, Amazon consume engaging engaging content is revenue. There is a Music India. It recently delinked content is becoming becoming just as whole ecosystem at access to the music service from its just as important important as providing play and it is way Prime membership and will be as providing access access to it,” says bigger than traditional launching a free tier this month. to it, said an expert Phanimohan Kalagara, definitions and The merger of Gaana into Mirchi chief technology measures of music. (2023), shutting down of Airtel’s Wynk officer, Gracenote, an The International (2024), Hungama (2025) and others entertainment data subsidiary of Federation of the Phonographic has left the market with a handful of Nielsen. Industry (IFPI), the body that repre- major platforms – Spotify, YouTube, “A track can be discovered on sents 8,000 recording companies Amazon, Apple and JioSaavn. That shorts, expand into a cinematic music across the world, puts the size of the makes investing in the service to get video, cultivate a loyal community business at $31.7 billion in 2025. Gold- more subscribers and better margins a through comments and livestreams man Sachs adds music publishing and possibility. and ultimately deepen that fandom live concerts to reach $105 billion in The movement from pure sound- into a dedicated audio stream on You- 2024 — roughly three times the figure tracks to a 360-degree artist ecosystem Tube Music – with the ability to mon- believed so far. In India too, for long doesn’t just mean more monetisation etise at every stage,” says a YouTube the music business has meant record- opportunities under one firm – it also spokesperson. At 2.7 billion users it ing industry revenue, which stood at changes the possibilities of what can remains the largest streaming ~5,900 crore in 2025. But if you add be done. “The WeChat model of China service in the world. It is, however, live concerts, the music business – combining e-commerce, live per- not clear how many people use it stands at just over ~10,000 crore. And formance, music and live streaming only for music. that is the figure that labels and plat- under one – can come to Indi [Showing first 8,000 characters — download PDF for full document]