General Updates

September 17, 2026 To, To, Listing/Compliance Department Listing/Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G-Block, Bandra-Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 BSE CODE – 543998 NSE Symbol: VALIANTLAB Dear Sir/Madam, Sub.: Investment in AMPYR Renewable Energy Resources Twelve A Private Limited Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”) Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors of the Company, at its meeting held on Thursday, September 17, 2026, has approved the proposed acquisition and holding of shares in AMPYR Renewable Energy Resources Twelve A Private Limited (“AMPYR”), for an aggregate consideration not exceeding ₹70,00,000/- (Rupees Seventy Lakhs only), for availing renewable energy under a group captive open access arrangement; in a manner as may be outlined in the definitive agreements to be executed with AMPYR. The details as required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as “Annexure-A” The meeting of the Board of Directors commenced at 11:41 a.m. and concluded at 12:01 p.m. This intimation is also being uploaded on the Company’s website at www.valiantlabs.in We request you to take the same on record. Thanking you, Yours faithfully, For Valiant Laboratories Limited Akshay Gangurde Company Secretary & Compliance Officer Encl: As above www.valiantlabs.in | CIN: L24299MH2021PLC365904 Registered Office: 104, Udyog Kshetra, Mulund-Goregaon Link Road, Mulund (W), Mumbai - 400080. Corporate Office: 701-A, 7th Floor, Tower-B, Embassy 247, L.B.S. Road, Vikhroli (West), Mumbai-400083. T: 022-49717221/49712001/49717220 | E: investor@valiantlabs.in Annexure-A Sr.No. Particulars Description 1 Name of the target entity, details in AMPYR Renewable Energy Resources brief such as size, turnover, etc. Twelve A Private Limited is a subsidiary of AMPYR India Asset Holdings Two Pte. Ltd., Singapore. The entity has developed a solar power project forming part of a solar park at Mhasale, Taluka Sakri, District Dhule, Maharashtra. As on March 31, 2026: Net worth: ₹9.99 Crore Turnover: ₹23.26 Crore 2 Whether the acquisition would fall No. The acquisition does not fall within within related party transaction(s) related party transaction(s). The promoter, and whether the promoter/promoter promoter group and group companies do group/ group companies have any not have any interest, financial or interest in the entity being acquired? otherwise, in the entity being acquired. If yes, nature of interest and details Not Applicable. thereof and whether the same is done at “arm’s length”. 3 Industry to which the entity being Renewable Energy Industry- Solar Power acquired belongs Generation. Objects and effects of acquisition The investment is proposed to be made to (including but not limited to, acquire the requisite shareholding in the disclosure of reasons for acquisition target entity to participate in the group of target entity, if its business is captive arrangement under the provisions outside the main line of business of of Electricity Act, 2003 and rules made the listed entity). thereunder, and to enable the Company to procure solar power for its Tarapur plant under a group captive open access arrangement. The said investment will not result in any change in the control or management of the target entity. 4 Brief details of any governmental or No governmental or regulatory approval is regulatory approvals required for the required for the proposed investment, acquisition. other than the corporate approvals required under the applicable provisions of the Companies Act, 2013. 5 Indicative time period for completion The acquisition is proposed to be of the acquisition. completed upon execution of the Share Purchase Agreement, Shareholders' www.valiantlabs.in | CIN: L24299MH2021PLC365904 Registered Office: 104, Udyog Kshetra, Mulund-Goregaon Link Road, Mulund (W), Mumbai - 400080. Corporate Office: 701-A, 7th Floor, Tower-B, Embassy 247, L.B.S. Road, Vikhroli (West), Mumbai-400083. T: 022-49717221/49712001/49717220 | E: investor@valiantlabs.in Agreement, Power Delivery Agreement and other ancillary documents and fulfilment of the applicable conditions’ precedent. The acquisition may be done in one or more tranches and is expected to be completed within a period of 12 months from the date of this approval. 6 Consideration - whether cash Cash consideration. consideration or share swap or any other form and details of the same. 7 Cost of acquisition or the price at Up to an aggregate amount not exceeding which the shares are acquired. ₹70 lakh, by way of acquisition of shares of the target entity from the existing shareholder(s). 8 Percentage of shareholding/ control Upon completion of the transaction, the acquired and/or number of shares Company proposes to acquire and hold up acquired. to 1.01% of the Equity Share Capital and up to 3.60% of the Compulsorily Convertible Preference Shares of the target entity, in accordance with the requirements of the group captive arrangement under the Electricity Act, 2003 and rules made thereunder. 9 Brief background about the entity AMPYR Renewable Energy Resources acquired in terms of products/line of Twelve A Private Limited, incorporated on business acquired, date of 1 November 2023, is a subsidiary of incorporation, history of last 3 years AMPYR India Asset Holdings Two Pte. turnover, country in which the Ltd., Singapore and is engaged in the acquired entity has presence and any renewable energy sector, primarily in the other significant information (in development and generation of solar brief). power. Date of Incorporation: November 01, 2023 Country of Presence: India Turnover of last 3 financial years: Turnover (FY 2025-26): ₹23.26 Crore. Turnover (FY 2024-25): NIL Turnover (FY 2023-24): NIL Note: As the plant commenced commercial operations on FY25-26 i.e. on 27th May 2025, there was no revenue from operations (Turnover) for FY 2023-24 and FY 2024-25. www.valiantlabs.in | CIN: L24299MH2021PLC365904 Registered Office: 104, Udyog Kshetra, Mulund-Goregaon Link Road, Mulund (W), Mumbai - 400080. Corporate Office: 701-A, 7th Floor, Tower-B, Embassy 247, L.B.S. Road, Vikhroli (West), Mumbai-400083. T: 022-49717221/49712001/49717220 | E: investor@valiantlabs.in