General Updates

NITCO/SE/2026-27/35 August 24, 2026 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Limited Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Script code: NITCO Script code: 532722 Dear Sir/Madam, Sub: Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Memorandum of Understanding (“MOU”) Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), we wish to inform you that Nitco Limited (“the Company”), Nitco Realties Private Limited (“Wholly Owned Subsidiary of the Company”) and Mr. Vivek Talwar (”Promoter”), {“collectively referred as Owners”}, has entered into a Memorandum of Understanding (“MOU”) on August 24, 2026 with M/s HOABL Impactum Land Private Limited (“HOABL”) for the Joint development of Lands situated at Alibaug, specifically, all that piece and parcels of land in Thal and Lonare Villages at Alibaug Taluka, Raigad. The transaction is expected to generate consideration of approximately Rs.1,300 Crore -1,500 Crore over a period of five years. The consideration will accrue to and be recognised in the books of the Nitco Limited and Nitco Realties Private Limited over the relevant period, in accordance with the terms of the transaction and as per applicable accounting standards. In connection with the transaction, an amount of Rs. 9 Crore has been received by cheque as a Security Deposit. The parties will execute the definitive agreements or any other document(s) upon fulfilment of condition precedents and after obtaining requisite approvals, if any. The Company shall make the necessary intimation to stock exchanges as and when the transaction for the immovable properties are fully completed. Disclosure of information pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in Kindly take the above information on your records. Thanking You, Yours faithfully, For Nitco Limited Vivek Talwar Chairman & Managing Director DIN: 00043180 Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in Annexure A Disclosure of information pursuant to Regulation 30 of Listing Regulations read with SEBI Circular No. S5EBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. no. Particulars Details 01 Name(s) of parties with whom the 1.Nitco Limited agreement is entered; 2.Nitco Realties Private limited 3.Vivek Talwar (on behalf of Nitco Realties Private limited) 4.HOABL Impactum Land Private Limited 02 Purpose of entering into the agreement The Owners and HOABL have entered into a Memorandum Of Understanding (“MOU”) whereby the Owners has granted development rights in respect of its land situated at Alibaug, specifically, all that piece and parcel of lands in Thal & Lonare villages at Alibaug Taluka, Raigad, Maharashtra to HOABL for the purpose of Joint development of said Lands in the manner set out in the MOU. 03 size of agreement Consideration which is likely to fetch approximately Rs. 1300-1500 Crores over a period of 5 years. The consideration will accrue to and be recognised in the books of the Nitco Limited and Nitco Realties Private Limited over the relevant period, in accordance with the terms of the transaction and as per applicable accounting standards. An amount of Rs. 9 Crore has been received by cheque as a Security Deposit. 04 shareholding, if any, in the entity with No whom the agreement is executed 05 significant terms of the agreement (in brief) The Agreement does not contain special rights like right to appoint directors, any such special rights Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc. 06 Whether, the said parties are related to 1. HOABL Impactum Land Private promoter/promoter group/ group Limited - does not belong to the companies in any manner. If yes, nature of promoter/promoter relationship; group/group companies. 2. Nitco Realties Private Limited - wholly owned subsidiary of Nitco Limited 3. Mr. Vivek Talwar - Promoter 07 Whether the transaction would fall within HOABL does not fall within related related party transactions? If yes, whether party transactions. the same is done at “arm’s length”; 08 In case of issuance of shares to the parties, Not Applicable details of issue price, class of shares issued; 09 in case of loan agreements, details of Not Applicable lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis; 10 Any other disclosures related to such Not Applicable agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in