Lakshmi Machine Works Limited approved Incorporation of a Wholly Owned Subsidiary company in the United Arab Emirates: a. Have granted their in-principal approval for incorporation of a Wholly Owned Subsidiary company in the UnitedArab Emirates for an investment amount not exceeding USD 25 Million (United States Dollar Twenty-Five Million only). The name of the subsidiary and the actual amount to be invested in the proposed wholly owned subsidiary will be determined in due course subject to the aforementioned limit. b. The detailed disclosure as required under Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.

SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, will be provided to the stock exchanges upon incorporation.