In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, TCM Limited has received the following work order, DT. 22/06/2023 from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala as per Tender 1D:2023_ANERT_576381_1 published on Kerala Tenders portal for bid no. 1555413 dt.

24/05/2023 for the Design, Supply, Installation and Commissioning of 1 MWp Grid connected SPV Power Plants at BrahMos Aerospace Thiruvananthapuram 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. Significant terms and conditions _of order(s)/contract(s) awarded in brief: 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 1,861,170 being 3% of contract value of INR 62,039,000. Work is to be completed within 45 days.

Upon delivery of major components at the site, 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. After the Inspection and Approval of the Electrical Inspectorate, 5% of the contract value will be released. On commissioning, 5% 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. Ten years warranty should be provided by supplier for the system and components or parts.

Nature of Order(s)/contract(s): Work Order. Broad _ consideration or size of the order(s)/contract(s): 1 MWp {i.e. 1000 kW)- INR 62,039,000 (Rupees Six Crore Twenty Lakh Thirty Nine Thousand Only) one work order at BrahMos Aerospace Thiruvananthapuram.