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( As on 29/03/2023 19:22) Reliance Inds. - Acquisition

This is further to the disclosure dated February 14, 2023. In accordance with the approved resolution plan:a) SIL has on March 28, 2023, allotted to RIL, 600,00,00,000 equity shares of Re. 1/- each, for cash, aggregating Rs. 600 crore; and 900,00,00,000 6% Optionally Fully Convertible Debentures of Re. 1/- each, for cash aggregating Rs. 900 crore;b) The 59,92,49,962 equity shares of SIL which were issued prior to the approval of the Resolution Plan have been cancelled; andc) After such cancellation and post allotment of equity shares of SIL to secured Financial Creditors and ACRE, in terms of the approved resolution plan, RIL holds 70% equity share capital of SIL. SIL will be jointly controlled and managed by RIL and ACRE.