Rishabhdev Technocable Limited (the “Company”), a cable manufacturing and trading company, incorporated as a public limited company in the year 1994 under the Companies Act, 1956, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”) to raise funds from the capital market by way of a Follow -on public offer of its equity shares.

The Company proposes to issue 90,00,000 equity shares (the “Issue”) of Rs. 10 each for cash at a price to be decided through a 100% Book-Building process. The Issue comprises a promoters contribution of 21,45,500 equity shares (‘Promoters Contribution’) and a Net Issue to the public of 68,54,500 equity shares. The Net Issue to the public would constitute 46.66% of the fully diluted post-issue equity share capital of the Company.

The existing Equity Shares of the Company are listed for trading on the Pune Stock Exchange Limited (“PSE”) and the Jaipur Stock Exchange Limited (“JSE”). The fresh issue of shares of the Company are also proposed to be listed on the Bombay Stock Exchange Limited (“BSE”), which shall be the designated Stock Exchange.

The Company is BS EN ISO 9001:2000 certified by BSI, UK and also IS 694:1990, IS: 1554:1988 Part 1: 1988 by Bureau of Indian Standards. It is a regular supplier to many large corporates and well-known public and private sector Undertakings. At present, it manufactures cables up to 1.1 KV for various applications used in industries, like Power and Electrical Distributions and Transmission, Steel and Metal, Cement, Mines and Minerals , Petrochemicals and fertilizers, Paper Mills and Fine chemicals, Hydrocarbon Process Industries, Software Technology IT Park and infrastructure.

Over the years, the Company has expanded its product range to manufacture Industrial control cables, Hi-Tech- data cables, Process control instrument signal cables, Thermocouple extension and Compensating cables, Computer application, Hi- Bit rate networking cables, Digital data communication cables, and other specialty and customized cables.

The Company is expanding into manufacturing of Power and Control Cables on a major level. The objects of the Issue include amongst others, expansion cum modernization of existing manufacturing facilities at Daman and setting up new facilities for manufacturing of Control and Power Cables at Daman and Silvassa respectively.

The Book Running Lead Managers (“BRLM”) to the Issue are IDBI Capital Market Services Limited and PL Capital Markets Private Limited.

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Note:

The Company is proposing, subject to market conditions and other considerations, a Follow-on Public Offering of its equity shares and has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in; and on the respective websites of the BRLMs at www.idbicapital.com and www.plindia.com.

Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the DRHP before making an investment decision.

This announcement has been prepared for publication in India. This announcement does not constitute an offer of securities for sale in any other jurisdiction other than India to any person to whom it is unlawful to make an Issue or invitation in such jurisdiction.