VIBHOR STEEL TUBES Limited announced that the Board of Directors of the Company at its meeting held on May 28, 2024, considered and approved setting-up of 2nd GI plant having capacity of 24000 tons p.a. at Balanagar, Mahabubnagar District, Telangana. Further as mentioned in the prospectus filed by the company regarding construction of new facility i.e. Unit III in Odisha located at Village Podbahal under Sardar Sundargarh Tahsil in the district of Sundargarh, the company wish to provide the following updates on the said facility. Further as mentioned in the prospectus filed by the company regarding construction of new facility i.e. Unit III in Odisha located at Village Podbahal under Sardar Sundargarh Tahsil in the district of Sundargarh, we wish to provide the following updates on the said facility.

Boundary Wall 75% Completed, Total 10 Sheds in Plant: 3 Completed, 2 sheds 75% Completed, 2 sheds 30% Completed, 3 sheds will be completed by July 2024. "4-12" Inch pipe manufacturing setup completed by 70%, Machineries installation and commission going on. "1-3" inch pipe manufacturing setup completed by 70%, Machinery reached and installed.

"1/2 - 2" inch pipe manufacturing setup completed by 70%, Machinery reached an installed. Total no. of Cranes in Plant will be 10, out of which 5 cranes reached (out of 5 cranes, 2 installed and installation is going on for 3 cranes), 3 cranes order has been placed with supplier and will reach by 1st week of June 2024 and remaining 2 cranes will be installed by July, 2024.

Slitting Machine has been dispatched from China and will be reached by end of June 2024. Accumulator of 03 Inch pipe mill already reached at sight and installation is going on. Accumulator of "1/2-2" Inch pipe mill already reached at sight and installation is going on.

Cold Saw Machine of "1-3" inch pipe mill reached at sight and installation is going on. Cold Saw Machine of "1/2-2" inch pipe mill has been ordered and dispatched from China and will reach by June 2024.