TCM Limited has received the following work order, DT. 07/01/2023 from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala as per Tender 1D:2022_ANERT_540822_1 for the Design, Supply, Installation and Commissioning of Grid connected SPV Power Plants in Public Buildings in Thiruvananthapuram Municipal Corporation under Solar City Project (funded by Smart City Thiruvananthapuram Ltd). The details of the receipt of the orders are as follows- Name of the Entity awarding order(s)/contract(s): Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala.

A tripartite agreement has to be executed within 7 days of receipt of the work order for fulfillment of the contract along with a security deposit of INR 330,300/- being 3% of contract value of INR 11,009,811. 50 kw work is to be completed within 45 days and 60 kw work is to be completed within 60 days. Upon delivery of major components at the respective sites, 60% of contract value will be released, on completion of installation and testing of the plant, 20% of contract value will be released as second part.

On commissioning, 10% of remaining contract will be released. Final 10% will be retained as performance security and will be released upon completion of the term. 3% security deposit will be released on completion of supply, installation and commissioning.

Five years warranty is to be provided by supplier for the system and components and insurance coverage is to be taken for a period of 10 years for material damage. Time period by which the order(s)/contract is to be executed: 50 kw within 45 days and 60 kw within 60 days from the date of the order. Broad consideration or size of the | order(s)/contract(s): 60 kw- INR 3,839,203/- for2 work orders each 50 kw- INR 3,331,404/- for 1 work order Total INR 11,009,811/.