Reliance Chemotex Industries Limited at its board meeting held on May 25, 2022, approved the proposed Expansion Program under G Section by addition of 6240 spindles at its factory premises situated at Village Kanpur, Udaipur (Rajasthan). Details of the Proposed Expansion Program of the Company: Existing Capacity: 54,816 Spindles. Existing Capacity Utilization: Approx.

90% as at March 31, 2022. Proposed Installed capacity after Expansion Plans in Spindles: Approx. 67,296 Spindles.

Period within which the proposed capacity is to be added: Approx. by March 2024. Investment Required: Approx.

INR 531.1 Million. Mode of Financing: Mix of Loan and internal accruals. Rationale: The rational for the proposed expansion is to expand the manufacturing capabilities in view of increased demand of company's product.