Please find attached herewith intimation in relation to allotment of equity shares by its material subsidiary, Greaves Electric Mobility Limited pursuant to rights issue

02nd August, 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: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) We refer to our intimation dated 09th July, 2026, regarding the approval of the Board of Directors of Greaves Cotton Limited (“the Company”) to subscribe upto its full entitlement of approximately INR 331.12 crore, in the rights issue of its material subsidiary, Greaves Electric Mobility Limited (“GEML”). In this regard, GEML has informed the Company on 02nd August, 2026 that its INR 530 Crore rights issue was fully subscribed, and its Board has approved the allotment of equity shares to all eligible shareholders in accordance with their rights entitlement, on 02nd August, 2026. The Company’s shareholding in GEML remains unchanged at 62.48%, and GEML continues to be a material subsidiary of the Company. Details as required under SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are enclosed as Annexure – I. Kindly take the above information on record. Thanking You, Yours faithfully, For Greaves Cotton Limited Atindra Basu Group General Counsel and 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 Annexure - I Sl. Particulars Details 1. Name of the target entity, details in brief Greaves Electric Mobility Limited (“GEML”), a such as size, turnover etc. material subsidiary of the Company, was incorporated on 02nd June, 2008. GEML is primarily engaged in the business of designing and manufacturing electric two-wheelers and three-wheelers for personal mobility, industrial applications and goods movement. Financial Highlights of GEML as on 31st March, 2026: Turnover: INR 596.98 Crore. Net worth: INR 117.75 Crore. 2. Whether the acquisition falls within The rights issue of equity shares by GEML to related party transaction(s) and whether all its existing shareholders was exempt as a the promoter/ promoter group/ group related party transaction under the SEBI companies have any interest in the entity Listing Regulations. being acquired? If yes, nature of interest and details thereof and whether the same Except to the extent of their existing shareholding in GEML, none of the is done at “arm’s length” promoter/promoter group/group companies have any other interest in the transaction. 3. Industry to which the entity being A utomobiles - Electric Vehicles. acquired belongs 4. Objects and impact of acquisition The proceeds of the rights issue will be utilised (including but not limited to, disclosure of by GEML inter-alia towards capital reasons for acquisition of target entity, if expenditure, working capital requirements, its business is outside the main line of and general corporate purposes, amongst business of the listed entity) other. 5. Brief details of any governmental or Not Applicable. regulatory approvals required for the acquisition 6. Indicative time period for completion of Completed on 02nd August, 2026 the acquisition 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same; 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 8. Cost of acquisition and/or the price at Out of the total offer size of INR 530 Crore, the which the shares are acquired; Company subscribed to its full entitlement of approximately INR 331.12 crore. As the right issue was fully subscribed by all existing shareholders, the Company’s shareholding in GEML remains unchanged at 62.48%. Accordingly, GEML continues to 9. Percentage of shareholding / control remain material subsidiary of the Company. acquired and / or number of shares acquired; 10. Brief background about the entity Brief Background: Refer point (1) above. acquired in terms of products/line of Turnover for last 3 years: business acquired, date of incorporation, history of last 3 years’ turnover, country in FY 2025-26: INR 596.98 Crore which the acquired entity has presence FY 2024-25: INR 444.31 Crore and any other significant information (in FY 2023-24: INR 433.84 Crore brief) Country of presence: India 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