Press Release

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: Press Release Please find enclosed herewith Press Release issued by the Company, with the heading “Greaves Cotton Reinforces Commitment to Greaves Electric Mobility with Proposed ₹331 Crore Rights Issue Subscription”. Kindly take the same 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 Tel: +91 22 41711700 I CIN: L99999MH1922PLC000987 Press Release Greaves Cotton Reinforces Commitment to Greaves Electric Mobility with Proposed ₹331 Crore Rights Issue Subscription Mumbai, July 10, 2026: Greaves Cotton Limited, one of India's leading diversified engineering companies, announced that its Board of Directors has approved the Company's participation in the proposed rights issue of its material subsidiary, Greaves Electric Mobility Limited (GEML), to fully subscribe its entitlement in the rights issue aggregating up to approximately ₹331 crore. The proposed investment reflects Greaves Cotton's continued commitment to GEML, its confidence in the progress of the business to strengthen its position in India's evolving electric mobility landscape. Parag Satpute, Managing Director & Group CEO, Greaves Cotton Limited, said: "Our proposed investment in Greaves Electric Mobility Limited reflects our conviction in the long- term opportunity presented by India's transition to sustainable mobility. Backed by a strong balance sheet, healthy cash position and our disciplined capital allocation approach, we continue our focus on the broader Greaves.Next growth journey" The proposed investment is aligned with Greaves Cotton's long-term strategy of building future- ready businesses while creating sustainable value for customers, shareholders and other stakeholders. -END- About Greaves Cotton Limited: With a legacy of over 165 years, Greaves Cotton Limited is a diversified, future-ready engineering company delivering innovative and sustainable solutions to customers across key sectors. Renowned for its precision engineering and technology leadership, the Company’s growth strategy is anchored on three core dimensions: accelerating its core businesses, building new muscle onto the core, and expanding into new horizons across Energy Solutions, Mobility Solutions, and Industrial Solutions. As one of India’s largest manufacturers of single-cylinder diesel engines, and a pioneer in introducing them for microcar applications in the European market, Greaves continues to reinforce its commitment to accessible, efficient, and reliable mobility. The Company also has a longstanding association with the Indian armed forces, with its products supporting a range of defence and naval applications, embodying its role in industrial advancement and nation-building. Guided by its purpose of ‘Empowering Lives’, Greaves is committed to providing reliable products, sustainable technology, and customer-centric solutions. With its strong engineering foundation and continuous innovation, the Company aims to enable people, businesses, and communities to progress with confidence in a future rooted in engineering excellence and driven by efficient energy. The investee companies of Greaves include Greaves Electric Mobility Limited (GEML) with its diverse portfolio of electric 2 & 3 wheelers for passenger and cargo mobility, and Greaves Finance Limited (GFL) with ev.fin, a 100% EV focused NBFC that leverages cutting-edge technology to offer customised financing options & seamless buying experience. Both these businesses play a significant role in accelerating EV adoption in India. For more information, visit- www.greavescotton.com For further information, please contact: Keya Muriya | keya.muriya@greavescotton.com Kumar Shubham |+91 8507148460 | kumar.s@the-practice.net Note: "This press release may include statements of future expectations and other forward-looking statements based on 'management's current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates ("Greaves"). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any particular forward-looking statement contained in this release." Disclaimer: - GREAVES ELECTRIC MOBILITY LIMITED (“GEML”), a subsidiary of GCL, is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus dated December 23, 2024 (“DRHP”) with Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, the website of the National Stock Exchange of India Limited at www.nseindia.com, the website of the BSE Limited at www.bseindia.com, on the website of GEML at www.greaveselectricmobility.com and on the websites of the lead managers, Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.iiflcap.com and JM Financial Limited at www.jmfl.com , respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus which may be filed with the Registrar of Companies, Tamil Nadu at Chennai in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges in making any investment decision. This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) in private transactions exempt from the registration requirements of the U.S. Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of the jurisdiction where those offers and sales occur. There will b [Showing first 8,000 characters — download PDF for full document]