Madala Holdings Ltd

This is in relation to the captioned subject and in furtherance to our letter dated December 29 2022 informing you of the filing of the Draft Letter of Offer in connection with the Buyback with the Securities and Exchange Board of India. Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended we hereby enclose a copy of the Letter of Offer dated February 23 2023