Consortium of Olectra Greentech Limited and Evey Trans Private Limited ("EVEY") has received a Letter of Award ("LOA") from Brihan Mumbai Electric Supply & Transport Undertaking (BEST /Authority) for Supply, Operation and Maintenance of 2,400 Electric Buses on Gross Cost Contract Basis. In line with the SEBI circular dated 9th September 2015 read with circular dated 13th July, 2023, the relevant details pertaining to the said LOA are specified herein below. SI.

No., 1, 2, Particulars, Details, Name of the entity awarding the, Brihan Mumbai Electric Supply &, order(s) /contract(s);, Transport Undertaking (BEST I Authority), Significant terms and conditions of, EVEY has been awarded with a, order(s)/contract(s) awarded in, Letter of Award from BEST for, brief; Supply, Operation and Maintenance of2,400 Electric Buses on gross Cost Contract Basis., 3, 4, 5., 6., 7., 8., Green tech, This order for supply of, 2: 4'0'0', Electric Buses are to be on, Gross, Cost Contract (GCC) /the OPEX, model basis for a period of 12 years (Contract Period)., EVEY shall procure these buses from Olectra Greentech Ltd. and which shall be delivered over a period of 18 months., Maintenance of these buses shall also be undertaken by the Olectra during the Contract Period., Whether order(s) /contract(s) have, Domestic Entity, been awarded by domestic/international entity; Nature of order(s) /contract®?; Gross Cost Contract (GCC), Whether domestic or international;, Domestic Operations, Time period by order(s) /contract (GCC), Whether domestic/international;, Domestic Operations, time period by order(s)/contract(s) executed; which is to the, These Buses shall be delivered, be, over a period of 18 months, Broad consideration or size of the order(s) contract(s); Whether the promoter/promoter group /group companies have any interest in the entity that awarded the order(s)/contract(s); If yes, nature of interest and details thereof; Value of these 2,400 Electric Buses supply would be approximately INR 4,000 million for Olectra.