Agreements

14th August, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500575 NSE Symbol: VOLTAS Dear Sirs, Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proposed Joint Venture with Atomberg Innovation Private Limited Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform you that the Board of Directors of Voltas Limited has approved entering into a Binding Term Sheet with Atomberg Innovation Private Limited for setting up a Joint Venture in India for the development, manufacture and commercialization of Room Air Conditioner compressors. The proposed Joint Venture is aimed at building indigenous compressor technology and manufacturing capabilities, strengthening supply chain resilience, increasing localization and reducing dependence on concentrated global supply sources. The proposed transaction is subject to satisfactory completion of due diligence, execution of Definitive Agreements and receipt of applicable approvals, if any. The information as required under Para A of Part A of Schedule III of the SEBI Listing Regulations read with relevant SEBI Circulars is enclosed in the Annexure. The Board Meeting commenced at 11.00 a.m. and concluded at 3.35 p.m. This is for your information and records. Thanking you Yours faithfully, For VOLTAS LIMITED Ratnesh Rukhariyar Company Secretary & Compliance Officer Encl: as above Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371 Annexure Sr. No. Particulars Details 1. Name(s) of parties with whom the The Board of Directors of Voltas Limited (‘Voltas’) agreement is entered. has approved entering into a Binding Term Sheet with Atomberg Innovation Private Limited (‘AIPL’). 2. Purpose of entering into the agreement. Binding Term Sheet is being signed for setting up a Joint Venture in India for the development, manufacture and commercialization of Room Air Conditioner compressors. 3. Shareholding, if any, in the entity with Voltas does not hold any shareholding in AIPL. whom the agreement is executed. 4. Significant terms of the agreement (in The Definitive Agreements are yet to be executed brief) special rights like right to appoint between the parties. The Joint Venture is presently directors, first right to share subscription proposed to be held on an equal shareholding basis, in case of issuance of shares, right to with the Board comprising five Directors, including restrict any change in capital structure three nominees of Voltas and two nominees of etc. AIPL, subject to the terms and conditions, including the respective rights and obligations of the parties, to be set out in the Definitive Agreements. 5. Whether the said parties are related to AIPL is not related to Voltas or to its Promoter / promoter/promoter group/ group Promoter Group. companies in any manner. If yes, nature of relationship. 6. Whether the transaction would fall Not a related party transaction. within related party transactions? If yes, whether the same is done at “arm’s length”. 7. In case of issuance of shares to the The proposed Joint Venture is envisaged to be held parties, details of issue price, class of by Voltas and AIPL in equal proportion. The class shares issued. of shares, issue price and other related terms shall be finalised and documented in the Definitive Agreements to be executed between the parties. 8. Any other disclosures related to such The Joint Venture is currently proposed to be held agreements, viz., details of nominee on on an equal shareholding basis, with the Board the board of directors of the listed entity, comprising five Directors, including three potential conflict of interest arising out nominees of Voltas and two nominees of AIPL. No of such agreements, etc. potential conflict of interest will arise out of this transaction. 9. In case of termination or amendment of Not applicable agreement, listed entity shall disclose additional details to the stock exchange(s): • Name of parties to the agreement • Nature of the agreement • Date of execution of the agreement • Details of amendment and impact thereof or reasons of termination and impact thereof. Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371