Tulsyan NEC Limited has completed the sale of a land with building thereon comprised in Survey Nos. 181, 182, 183, 184, 185, 186, 196/1, 196/3, 196/4, T.S. Nos. 43 & 45, Ambattur Village and Taluk bearing Door No.

39, Harikrishna Naidu Street, Varadarajapuram, Chennai- 600053, registered in the name of M/s. Tulsyan NEC Limited, on August 4, 2023 by executing the necessary documents /agreements in favour of the buyer ­ M/s. Hiliving Projects LLP, for an aggregate consideration amount of INR 553,000,000. The entire consideration amount is received by the Company. Proceeds of the sale to the extent of INR 495.0 million has been utilised for partial redemption /pre-payment of Secured Non-Convertible Debentures.

Post this redemption, outstanding value of Secured Non-Convertible Debentures is INR 2,195.0 million.