Outcome of Board Meeting Receipt of No-Objection letters from BSE Limited & National Stock Exchange of India limited in relation to scheme of amalgamation of Simon Electric Private Limited ('SEPL') ('Transferor Company') and their respective shareholders and Creditors with V-Guard Industries Limited ('VCPL') ('Transferee Company'). (As Per BSE Announcement dated on 16.05.2022) Notice of Hearing of The Petition, which is scheduled to be held on February 8, 2023, before the Honble National Company law Tribunal, Kochi Bench, ('NCLT') for seeking sanction of the Composite Scheme of Amalgamation between Simon Electric Private Limited and V-Guard Industries Limited - Newspaper Publication (As Per BSE Announcement dated on 14.01.2023) NCLT order dated March 31, 2023 (As per BSE Announcement Dated on 03/04/2023) Intimation of Record Date pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015 and the Scheme of Arrangement between Simon Electric Private Limited ('Transferor Company') and the V-Guard Industries Limited ('Transferee Company') and their respective shareholders and creditors and Section 230 & 232 and applicable provisions of Companies Act, 2013. (As Per BSE Announcement dated on 17.04.2023) Intimation of Effective Date of scheme by filing of Form INC-28 with Registrar of Companies, Kerala (As per BSE Announcement Dated on 28/04/2023) In furtherance to our intimation dated April 03, 2023 and April 17, 2023 and pursuant to Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we wish to inform you that Board of Directors in their meeting held today i.e. May 03, 2023, has issued and allotted 10,83,006 Equity Shares having face value of Rs. 1/- each to those shareholders whose names are registered in the register of shareholders of the Transferor Companies as on the Record Date i.e. April 27, 2023. The Equity Shares are allotted in the ratio of 0.0076646 Equity Shares of Transferee Company for every one Equity Share of Transferor Company. Consequent to the above allotment, the paid-up capital of the Company has increased from Rs. 43,21,74,432 divided into 43,21,74,432 having face value of Rs. 1/- each to Rs. 43,32,57,438 divided into 43,32,57,438 shares having face value of Rs. 1/- each. (As per BSE Announcement Dated on 03/05/2023)