THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

VILAS TRANSCORE LIMITED

Our Company was originally incorporated as "Bravil Powercore Private Limited" on November 28, 2006 vide Registration Certificate No. 049469 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli (RoC). Further, pursuant to shareholder's resolution passed at the Extra Ordinary General Meeting held on March 07, 2007, the name of our company was changed from "Bravil Powercore Private Limited" to "Vilas Transcore Private Limited" vide a fresh certificate of incorporation dafted March 15,2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli (RoC). Subsequently pursuant to a takeover agreement dated April 23,2007 the business of a proprietorship firm "M/s Vilas Transcore", which was being carried out by our Promoter Mr. Nilesh Jitubhai Patel, was transferred to our Company as a going concern Further, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 22, 2011 our Company was converted into a Public Limited Company and the name of our Company was changed from "Vilas Transcore Private Limited'' to "Vilas Transcore Limited" vide a fresh certificate of incorporation dated April 09,2011, CIN: U31102GJ2006PLCQ49469 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli (RoC).

We are engaged in the m anufacturing and supply of com ponents used in the power distribution and transm ission sector, prim arily to transform er and other power equipm ent's m anufacturer in India and abroad.

INITIAL PUBLIC OFFER OF 64,80,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH (THE "EQUITY SHARES") OF VILAS TRANSCORE LIMITED ("OUR COMPANY" OR "THE ISSUER") AT AN ISSUE PRICE OF Rs.147 PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF Rs.137 PER EQUITY SHARE) FOR CASH, AGGREGATING UP TO ^9525.60 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 3,26,000 EQUITY SHARES OF FACE VALUE OF Rs.10 EACH, AT AN ISSUE PRICE OF Rs.147 PER EQUITY SHARE FOR CASH, AGGREGATING Rs.479.22 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 61,54,000 EQUITY SHARES OF FACE VALUE OF Rs.1D EACH, AT AN ISSUE PRICE OF Rs.147 PER EQUITY SHARE FOR CASH, AGGREGATING UPTO Rs.9046.38 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.47% AND 25.14% RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

a) Our business is dependent on the sale of our products to certain key customers. The loss of any such customers or a significant reduction in the sales made to such customers, could materially adversely affect our business, results of operations and financial condition.

b) Pricing pressure from customers may adversely affect our gross margin, profitability and ability to increase our prices, which may in turn materially adversely affect our results of operations and financial condition.

c) The Merchant Banker associated with the Issue has handled 48 public issues in the past three years Cout of which 2 Issue closed below the Issue Price on listing date.

d) Average cost of acquisition of Equity Shares held by the Individual Promoters is

g) The Weighted average cost of acquisition of all Equity Shares transacted in the last 1 year, 18 months and 3 years from the date of RHP is as given below:

h) The Weighted average cost of acquisition compared to Floor Price and Cap Price

^ There were no primary/new Issue of shares (equity/convertible securities) except bonus as mentioned In paragraph 8(a) above, in last 18 months from the date o f the Prospectus.

^^ There were no secondary transactions exceeding 5% of the pre issue capital, in last 18 months from the date o f the Prospectus.

The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), Our Company in consultation with the Book Running Lead Manager has allocated upto 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBIICDR Regulations ("Anchor Investor Portion"). Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see Issue Procedure'' beginning on page 214 of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is ‘Subject to the receipt of listing and trading approval from the NSE (NSE Emerge).ie trading is proposed to be commenced on or before Monday, June 3,2024*

The bidding for Anchor Investors opened and closed on Friday, May 24, 2024. The Company received 9 Anchor Investors applications for 20,88,000 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 147/- per The bidding for Anchor Investors opened and closed on Friday, May 24, 2024. The Company received 9 Anchor Investors applications for 20,88,000 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 147/- per aggregating to Rs. 27,12,15,000\

The Issue (excluding Anchor Investors Portion) received 3,75,664 Applications for 89,61,53,000 Equity Shares (after bid not banked cases and removing multiple and duplicate bids and before technical rejection) resulting 193.34 times The Issue (excluding Anchor Investors Portion) received 3,75,664 Applications for 89,61,53,000 Equity Shares (after bid not banked cases and removing multiple and duplicate bids and before technical rejection) resulting 193.34 times si details of the Applications received in the Issue from various categories are as under (before technical rejections):details of the Applications received in the Issue from various categories are as under (before technical rejections):

Detail of the Applications Received (excluding Anchor Investors Portion):

A summary of the final demand as per NSE as on the Bid/ Issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited (NSE Emerge) on May 30,2024.

1) Allotment to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 147 per Equity Share, was finalized in consultation with NSE. The category has been subscribed to the extent of 158.3B times. The total number of Equity Shares Allotted in this category is 21,54,000 Equity

Shares to 2154 successful applicants. The details of the Basis of Allotment of the said category are as under:

2) Allotment to Non-lnstitutional Investors (After Technical Rejections):

The Basis of Allotment to the Non-lnstitutional Investors, who have bid at the Issue Price of Rs. 147 or above per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 449.28 times (after technical rejection). The total number of Equity Shares Allotted in this category is 9,24,000 Equity Shares to 821 successful applicants. The details of the Basis of Allotment of the said category are as under (Sample Basis).

3) Allotment to QIBs excluding Anchor Investors (After Technical Rejections):

Allotment to QIBs, who have bid at the Issue Price of Rs. 147 or above per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 113.36 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 12,3,000 Equity Shares, which were allotted to 80 successful Applicants.

4) Allotment to Anchor Investors (After Technical Rejections):

The Company in consultation with the BRLM has allocated 18,45,000 Equity Shares to 9 Anchor Investors at the Anchor Investor Issue Price of Rs.147 per Equity Shares in accordance with the SEBI (ICDR) Regulations. This represents upto 60% of the QIB Category.

The Board of Directors of our Company at its meeting held on May 30, 2024 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before May 31, 2024. In case the same is not received within ten days. Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on May 31,2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from NSE and the trading of the Equity Shares is expected to commence trading on June 3,2024.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated May 30.2024 filed with the Registrar of Companies, Ahmedabad ("RoC").

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the AS BA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgement Slip received from the Designated Intermediary and payment details at the address given below:

	Bigshare Services Private Limited
	Address: S 6 -2 ,6 th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East)
	Mumbai - 400093 , Maharashtra, India .; Tel No: +912262638200; Email: ipo@bigshareonline.com;
	Investor Grievance Email: investor@bigshareonline.com; Website: www.bigshareonline.com;
	Contact Person: Jibu John ; SEBI Reg. No.: MB/INR000001385 ; CIN: U99999MH1994PTC076534

Disclaimer: Vilas Transcorc Limited has filed the Prospectus with the RoC on May 30, 2024 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of the BRLM, Hem Securities Limited at www.hemsecurities.com and the Company at: www.vilastranscore.com, and shall also be available on the website of the NSE and SEBI. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see Risk Factors" beginning on page 26 of the Prospectus. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act') or any state securities laws in the United States, and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being Issued and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such Issues and sales are made.There will be no public Issuing in the United States.