Analysts/Institutional Investor Meet/Con. Call Updates

September 17, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no. 25, PJ Towers Bandra (E) Dalal Street Mumbai - 400 051 Mumbai – 400 001 Trading Symbol: “SOLARINDS” Scrip Code: 532725 Through NEAPS Through BSE Listing Center Subject: Transcription of Confere nce Call with reference to the proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited . Dear Sir/Madam, Further to our letter dated September 14, 2026, we are forwarding herewith a copy of Transcription of Conference Call hosted by ICICI Securities Limited on Tuesday, September 15, 2026 , at 10.30 a.m. IST to discuss the proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited with the Management of the Company . Kindly take the same on record and acknowledge. Thanking you Yours truly, For Solar Industries India Limited Khushboo Pasari Company Secretary & Compliance Officer “Solar Industries India Limited Business Update Call” September 15, 2026 MANAGEMENT: MR. MANISH NUWAL – CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR – SOLAR INDUSTRIES INDIA LIMITED MR. SURESH MENON – EXECUTIVE DIRECTOR – SOLAR INDUSTRIES INDIA LIMITED MR. MILIND DESHMUKH – EXECUTIVE DIRECTOR – SOLAR INDUSTRIES INDIA LIMITED MR. MONEESH AGRAWAL – JOINT CHIEF FINANCIAL OFFICER – SOLAR INDUSTRIES INDIA LIMITED MRS. SHALINEE MANDHANA – JOINT CHIEF FINANCIAL OFFICER – SOLAR INDUSTRIES INDIA LIMITED MODERATOR: MR. VIKASH SINGH – ICICI SECURITIES Page 1 of 13 Solar Industries India Limited September 15, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Solar Industries Business Update Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Vikash Singh from ICICI Securities. Thank you, and over to you, sir. Vikash Singh: Thank you, Steve. Good morning, everyone. A warm welcome to Solar Industries' con-call. We would like to thank the management to give us the opportunity to host them. From the management side, we have with us Mr. Manish Nuwal, Managing Director and CEO; Mr. Suresh Menon, Executive Director; Mr. Milind Deshmukh, Executive Director; Mr. Moneesh Agrawal, Joint CFO; and Mrs. Shalinee Mandhana, Joint CFO. Without taking any much time, I'll hand over to Manish ji for his opening remarks. Over to you, sir. Shalinee Mandhana: Good morning, everyone, and thank you for joining us today. On behalf of Solar Group, I, Shalinee Mandhana, would like to extend a warm welcome to all our investors, analysts, shareholders, and stakeholders participating in this call. Today marks a significant milestone in Solar Group's growth journey. We are pleased to announce that Solar Overseas Investments Proprietary Limited, our wholly owned step-down subsidiary, has signed definitive agreements for the proposed acquisition of Omnia Holdings Limited, a leading diversified mining and agritech company headquartered in South Africa. Before we begin, I would like to remind everyone that certain statements made during this call may be forward-looking in nature. These statements are based on current expectations, assumptions, estimates, and projections. Actual outcomes may differ from these expressed or implied by such forward-looking statements. I would also like to highlight that the proposed transaction remains subject to customary regulatory, shareholder, and other closing approvals and conditions. Until completion of the transaction, Solar and Omnia will continue to operate as independent businesses. Consequently, there may be certain matters relating to funding, integration, synergies, future financial performance, and other transaction-related aspects on which we may not be able to provide detailed commentary at this stage. We look forward to sharing more comprehensive insights as the transaction progresses. Further, I would like to clarify that today's call is being conducted specifically to discuss the proposed acquisition of Omnia. Accordingly, we will not be taking questions related to Solar Group's current business operations outside the scope of this transaction. With that, I would now like to invite our Managing Director and CEO, Mr. Manish Nuwal, to take you through the strategic rationale and highlights of this proposed transaction. Over to you, sir. Manish Nuwal: A very good morning to all of our beloved shareholders and stakeholders. The strategic rationale for this proposed acquisition of South Africa's Omnia Holdings Limited is to create a most integrated global platform for commercial explosives and blasting solutions. Page 2 of 13 Solar Industries India Limited September 15, 2026 Over the past three decades, Solar has built a strong position in the global explosives industry through its focus on innovation, reliability, and manufacturing excellence and customer-centric solutions. The Solar Group has steadily expanded its footprint across Africa, building customer relationships, operational capability, and market access across key mining jurisdictions. Solar first entered the SADC region in 2010 with the establishment of its first overseas manufacturing entity in Zambia. It expanded its operation in South Africa in 2015 through a distribution platform, followed by the commissioning of its manufacturing facility in South Africa in 2017. These investments have enabled Solar to establish a strong operational foundation and become a trusted partner to the region's mining industry. In 2024, Solar strengthened its South African presence through the acquisition of Problast, a local South African company specializing in opencast mining, drilling, and blasting operations. Building on this foundation, the proposed acquisition of Omnia by Solar South Africa represents the next strategic step in Solar Group's SADC journey, significantly expanding its operations, manufacturing, and distribution capabilities across the world. The proposed transaction marks a transformational milestone in Solar Group's strategic ambition to become a leading global explosives and mining solutions provider by enhancing its scale, market access, and competitive positioning across Africa and other international markets. Omnia's mining business, operating under the well-established BME brand, brings significant expertise in opencast mining, bulk explosives, electronic detonation systems, digital blasting solutions, and mining chemicals, alongside a strong presence across Africa and international markets. The combination will serve [inaudible 0:06:20] Moderator: Hello? Manish Nuwal: Okay, sir. Omnia's agriculture segment provides a compelling platform that promotes sustainable agriculture and biological solutions. Leveraging its proprietary Nutriology model and AgriBio solutions, the business delivers science-based crop nutrition products and services to customers across multiple geographies. A key strategic attraction of the transaction is Omnia's integrated manufacturing infrastructure. The agriculture segment operates nitric acid and ammonium nitrate production facilities, which is the largest, most reliable, and sustainable in the region. In addition, Omnia has recently expanded its ammonium nitrate storage infrastructure through a new 5,000-ton storage tank, which has doubled its storage capacities. These capabilities are expected to significantly strengthen the vertical integration, enhance security of supply, improve raw material availability, increase operational flexibility, and reinforce Solar Group's long-term cost competitiveness across the explosives value chain. Together, Omnia's mining and agriculture business, supported by a strong integrated manufacturing and supply chain pla [Showing first 8,000 characters — download PDF for full document]