Kaveri Seed Buyback 2022 vs Triveni Turbine Buyback

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

The Buyback is being undertaken, inter-alia, for the following reasons:

Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure), the Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner.

The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares and will promote capital efficiency and thereby increasing shareholders' value and improving return on equity to the management of the Company's business during that year and to the amount and character of the financial resources which will, in the Board's view.