General Updates

Greenlam/2026-27 September 4, 2026 BSE Limited National Stock Exchange of India Department of Corporate Services, Limited Exchange Plaza, Bandra Floor 25, P. J. Towers, Dalal Street Kurla Complex Bandra (E) Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 538979 NSE Symbol: GREENLAM Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has entered into agreements for acquisition of 20,65,001 equity shares, constituting 26% of the equity share capital of Bhadla Minigrid Solar 4 Private Limited, a special purpose vehicle established for owning and operating a captive power plant, in compliance with the requirements stipulated under the applicable electricity laws for captive power consumption. The details required to be disclosed pursuant to Regulation 30 of the SEBI Listing Regulations read with applicable SEBI Circular(s), as amended from time to time, are enclosed as Annexure. This is for your information and record. Thanking you, Yours faithfully, For Greenlam Industries Limited Prakash Kumar Biswal Company Secretary & Senior Vice President-Legal Encl: a/a Annexure Sl . Particulars Details a. Na me of the target entity, Bhadla Minigrid Solar 4 Private Limited (Bhadla Minigrid) details in brief such as size, is a company incorporated in India on 31.01.2025. Bhadla turnover etc. Minigrid was incorporated to carry on, inter-alia, the business of renewable energy and generation of electrical power by conventional and non-conventional methods, in the field of Renewable Energy. Brief details such as size and turnover of Bhadla Minigrid are not relevant as it is a newly incorporated company and yet to start its operations. b. Wh ether the acquisition would Acquisition does not fall within the purview of related party fall within related party transactions and neither the promoter/ promoter group/ group transaction(s) and whether the companies have any interest in the subject entity. promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. c. Ind ustry to which the entity Power Sector being acquired belongs. d. Ob jects and impact of To comply with regulatory requirement for captive power acquisition (including but not plants under the provisions of Electricity Act, 2003, Indian limited to, disclosure of reasons Electricity Rules, 2005 and other applicable rules and for acquisition of target entity, regulations and procurement of cost effective renewable if its business is outside the energy. main line of business of the listed entity) e. Bri ef details of any There is no governmental or regulatory approvals governmental or regulatory for acquisition, However Long Term Open Access (LTOA) approvals required for the approval will be required for captive consumption of acquisition. electricity. f. Ind icative time period for The completion of the acquisition is subject to the receipt of completion of the acquisition all consents, permissions required to be obtained by Bhadla Minigrid from regulatory authority for open access for captive consumption of electricity. g. Na ture of consideration – Cash consideration whether cash consideration or share swap or any other form and details of the same h. Co st of acquisition and/or the Rs. 2,06,50,010 in aggregate for acquisition of 20,65,001 price at which the shares are equity shares of Rs. 10/- each. acquired Sl . Particulars Details i. Per centage of shareholding / 26%. control acquired and / or number of shares acquired. Brief background abjo. ut tjhjje Brief background and other details are given in Sl. No. a. j entity acquired in terms of products/line of business Country in which the acquired entity has presence: India. acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).