21 October, 2022

To,

National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G,

Bandra Kurla Complex,

Bandra (E)

Mumbai - 400 051

NSE CODE : MAZDA

Sub: Reply to clarification sought on increase in volume

Letter Ref. No.: NSE/CM/Surveillance/12406

Dear Sir,

With reference to your mail received by us on October 20, 2022 regarding clarification on increase in volume, we would like to clarify that the company has been making prompt disclosures of all events or information which have a bearing on the operations of the company which includes all price sensitive information and any other material event, as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 from time to time. The company has always abided by and complied with all regulatory requirements and will continue to do so.

We further request you to take note that since the shares of the company are freely traded on the Stock Exchange(s); the company is unable to comment on the increase in the volume of the shares.

We do not possess any announcement including any impending announcement, material or price sensitive information which had not been disclosed to the stock exchanges.

We hope that the above clarification is satisfactory.

Thanking you,

Yours faithfully

For Mazda Limited

NISHITH KAYASTH

Digitally signed by NISHITH KAYASTH DN: c=IN, st=Gujarat, 2.5.4.20=02a2d5e01f9ba0d4e7f745bc0f2a209f867 671fb9c0a6085b7a748e6a1363416, postalCode=380007, street=Ahmedabad, pseudonym=3d615041829c6dab3f8daa4b5d7e3c 47, serialNumber=227dfbe585136394e82e05a7fb0d3 7fc1677c7a3380bee70557163b711b29555, o=Personal, cn=NISHITH KAYASTH

Date: 2022.10.21 11:45:01 +05'30'

Nishith Kayasth Company Secretary

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Mazda Ltd. published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 06:49:02 UTC.