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Signature Not Verified Digitally Signed W.P.(C) 17599/2022 Page 2 of 6 By:SHAZAAD ZAKIR Signing Date:24.12.2022 16:56

Ref:(i) Your application opened on 11.11.2022 for the subject tender. (ii)REMC Ltd's NIT No. REMCL/CO/PP/P-85/RTC/1000 MW/2022 dated 14.07.2022 In reference to technical bid opened on 11.11.2022 of subject tender under reference (ii) and pursuant to your Application in response to the subject tender, it is informed that your bid is disqualified at Technical Stage based on the Net Worth of the Parent company is less than the required criteria after exclusion of redeemable preference shares in net worth calculation." (emphasis supplied)