Birla Precision Technologies Limited at its board meeting held on November 10, 2022, approved the incorporation of a wholly owned subsidiary in India by the name and style of Birla Durotool Private Limited. Amount of Investment by Birla Precision Technologies Limited: INR 0.1 million. Nature of Transaction: Related Party.

Activity which is to be carried by the proposed Company: Manufacturing & Trading of Automotive, Tooling Components and all Engineering Products. Object & Effect of Investment: Business Expansion.