Disclosure of material issue

**Issue:** Timescan Logistics (India) Ltd. (TIMESCAN) has incorporated a new subsidiary, PT Timescan Logistics Indonesia, in Indonesia. **Possible Impact:** This move represents a strategic expansion into the Indonesian market, aiming to grow the company's warehousing and storage management operations internationally.

It positions TIMESCAN for potential new revenue streams and increased market share in a key Southeast Asian economy. **Company's Action:** TIMESCAN holds a 95% stake in the new subsidiary with an initial investment of Rp.

2.375 billion (out of a total subscribed capital of Rp.

2.5 billion). PT Timescan Logistics Indonesia is yet to commence business operations.