Enclosed Press Release Company signs Non-binding term sheet with Mark AB.

16th September, 2026 Listing Compliances BSE Limited P.J. Towers, Dalal Street, Fort, Mumbai – 400 001. Script Code : 504351 Script Id : EMPOWER Dear Sir/Madam, Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sub: Press Release – Execution of Indicative Non-Binding Term Sheet for Proposed Acquisition of Valiance Engineers Private Limited. This is to inform you that Empower India Limited (“Empower” or the “Company”) has received and accepted, on an indicative and non-binding basis, a Term Sheet proposed by Mark AB Capital Private Limited (“Mark AB”) for the proposed acquisition by the Company of 100% of the equity share capital of Valiance Engineers Private Limited (“Valiance”), to be implemented primarily by way of a non-cash share swap through a preferential issue of fresh equity shares of the Company. The proposed transaction is subject to, inter alia, completion of due diligence, independent valuation, execution of definitive documentation and requisite corporate, stock exchange and regulatory approvals. Upon completion of the proposed preferential allotment, Valiance is proposed to become a wholly owned subsidiary of the Company, while Mark AB is proposed to emerge as the principal shareholder of the Company pursuant to the shares to be allotted as part of the share swap consideration. The Press Release in relation to the proposed transaction is enclosed herewith and the contents thereof are self-explanatory. Further, the details as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, is enclosed as Annexures I. You are requested to take the above cited information on your records. Thanking you, For Empower India Limited Rajesh Chavan Managing Director & CFO DIN: 07011994 Encl: as above Empower India Limited CIN: L51900MH1981PLC023931 Regd Office: 25 /25A, 2nd Floor, 327, Nawab Building, D. N. Road, Fort, Mumbai 400 001 Mobile/Helpdesk No.: +91 97020 03139 Email: info@empowerindia.in; Website: www.empowerindia.in – Empower India Limited Signs Non-Binding Term Sheet to Acquire 100% of Valiance Engineers in All-Equity Transaction Strategic consolidation to integrate global EPC and engineering capabilities including US-based Lauren Engineers & Constructors, with EIL’s digital infrastructure platform while maintaining balance-sheet discipline. Mumbai, India – September 16, 2026 — Empower India Limited (NSE: EMPOWER / BSE: 504351), a technology and digital infrastructure company, announced today that it has executed an indicative, non-binding term sheet with Mark AB Capital Private Limited (“Mark AB”) to acquire 100% of the equity share capital of Valiance Engineers Private Limited (“Valiance Engineers”). The proposed transaction will be structured as a 100% non-cash share swap via the preferential allotment of fresh equity shares of Empower India, establishing Valiance Engineers as a wholly owned subsidiary. The proposal comes as Empower India continues to explore opportunities in emerging technology, infrastructure, and engineering-led businesses. The Company has recently announced its strategic expansion into sustainable digital infrastructure solutions, reflecting its focus on participating in new-age infrastructure opportunities. Transaction Summary Parameter Details Valiance Engineers Private Limited (incl. Lauren Engineers & Constructors Target Entity Inc., USA) Stake Acquired 100% Equity Ownership (Wholly Owned Subsidiary) Transaction Non-cash share swap via preferential issue of fresh equity shares Structure Key Selling Mark AB Capital Private Limited (~70% current holding) Shareholder Due diligence, independent valuation, fairness opinion, board/shareholder Key Conditionality and regulatory approvals Term Sheet Validity 90 days from signing (expires automatically if definitive agreements are Empower India Limited CIN: L51900MH1981PLC023931 Regd Office: 25 /25A, 2nd Floor, 327, Nawab Building, D. N. Road, Fort, Mumbai 400 001 Mobile/Helpdesk No.: +91 97020 03139 Email: info@empowerindia.in; Website: www.empowerindia.in – Parameter Details not executed) Key Investment Highlights & Strategic Rationale • Capital-Efficient Balance Sheet Protection: Structuring the acquisition as an all-equity share swap eliminates the need for debt financing or cash depletion, preserving Empower India’s working capital for scalable operational deployment. • Direct Ownership Alignment: Mark AB Capital, which currently holds ~70% of Valiance Engineers, will transition into an equity shareholder of Empower India, aligning institutional promoter-partner interests with long-term public shareholder value. • Immediate Global EPC & Engineering Scale: Valiance Engineers contributes an established operating base across Realty, Civil, Oil & Gas, and Public Infrastructure. Through its wholly owned US subsidiary, Lauren Engineers & Constructors Inc. (Texas, USA), the transaction provides EIL immediate access to tier-one global capabilities in modularization, process engineering, piping, instrumentation, and plant layout design. • Convergence with Next-Gen Digital Infrastructure: The engineering, modular fabrication, and procurement depth of Valiance directly complements Empower India’s expansion into sustainable digital infrastructure, high-density data center builds, and energy-transition projects driven by AI and enterprise digitalization. Management Commentary: "This proposed transaction represents a disciplined, value-accretive milestone in Empower India’s roadmap. By utilizing a share-swap framework, we are expanding our core operating platform into complex engineering and infrastructure while keeping our balance sheet unleveraged and liquid. Valiance Engineers brings critical process engineering expertise, an extensive domestic footprint, and proven North American delivery capabilities through Lauren Engineers. This structural combination equips Empower India to execute large-scale, sustainable infrastructure projects at the intersection of energy transition and digital growth." — Mr. Rajesh Chavan, Managing Director, Empower India Limited Target Overview: Valiance Engineers Private Limited • Establishment & Reach: Incorporated in 2017 (registered office in Delhi) and backed by Mark AB Capital since 2019, Valiance has built a multi-disciplinary infrastructure platform led by industry veterans with over a century of collective technical experience. Empower India Limited CIN: L51900MH1981PLC023931 Regd Office: 25 /25A, 2nd Floor, 327, Nawab Building, D. N. Road, Fort, Mumbai 400 001 Mobile/Helpdesk No.: +91 97020 03139 Email: info@empowerindia.in; Website: www.empowerindia.in – • North American Asset (Lauren Engineers): Operating out of Texas, USA, Lauren Engineers & Constructors Inc. delivers end-to-end engineering, procurement, modular fabrication, and construction (EPC) solutions. Key technical proficiencies include HAZOP/PHA facilitation, process instrumentation, systems integration, and advanced structural design. Conditions Precedent & Next Steps Consummation of the proposed transaction remains subject to: 1. Completion of confirmatory financial, legal, and technical due diligence. 2. Independent valuation and determination of swap ratios by registered valuers. 3. Negotiation and execution of definitive share purchase and subscription agreements. 4. Requisite statutory, stock exchange, board, and shareholder approvals. About Empower India Limited Traded on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), Empower India Limited (EIL) is focused on building next-generation capabilities across India’s technology and digital infrastructure ecosystem. EIL targets high-growth segments at the convergence of digital transformation, AI adoption, scalable enterprise solutions, and clean energy infrastructure. Empower India Limited CIN: L51900MH1981PLC023931 Regd Office: 25 /25A, 2nd Flo [Showing first 8,000 characters — download PDF for full document]