We hereby submit the communication received from one of the Promoter - Shirdi Sai Electricals Limited (SSEL), vide their letter dated September 01, 2021, regarding completion of sale of 3,85,498 equity shares of the Company representing approximately 3.63% of total equity share capital of the company through Offer For Sale (OFS) in order to reduce their promoter shareholding in the Company to comply with Minimum Public Shareholding required under the Listing Regulations. We further submit that, post to the Offer For Sale (OFS) completion by Shirdi Sai Electricals Limited the total promoter shareholding of Shirdi Sai Electricals Limited, along with Prolec GE International, S.De R.L. De C.V. (the other promoter of the Company), aggregates to 75% of the total equity share capital of the company, thereby the public shareholding increased to 25% in line with the Minimum Public Shareholding in compliance with the applicable regulations of the Securities and Exchange Board of India.