Press Release - Nava Limited announces Commissioning of 100MW Solar Project in Zambia, begins Power Evacuation

NAVA LIMITED NAVA/SECTL/210/2026-27 September 24, 2026 Listing Department Dept. of Corp. Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street Bandra Kurla Complex, Bandra (E) MUMBAI – 400 001 MUMBAI – 400 051 NSE Symbol: ‘NAVA’ Scrip Code: ‘513023’ / ‘NAVA Dear Sir/ Madam, Sub: Press Release – Nava Limited announces Commissioning of 100MW Solar Project in Zambia, begins Power Evacuation. Ref: Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. --o0o-- Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the press release of the Company announcing the Commissioning of 100MW Solar Power Plant by its step-down subsidiary, Maamba Solar Energy Limited, Zambia. Kindly take the same on record and acknowledge the receipt. Thanking you, Yours faithfully, for NAVA LIMITED VSN Raju Company Secretary & Vice President Encl: as above. Regd. Off.: Nava Bharat Chambers, 6-3-1109/1, 3rd Floor, Raj Bhavan Road, Somajiguda, Hyderabad - 500 082, Telangana, India. CIN: L27101TG1972PLC001549 T +91 40 40345999, +91 40 23403501 E nava@navalimited.com; investorservices@navalimited.com W www.navalimited.com ISO 9001 | ISO 14001 | ISO 45001 | ISO 50001 NAVA LIMITED ANNOUNCES COMMISSIONING OF 100 MW SOLAR PROJECT IN ZAMBIA; BEGINS POWER EVACUATION Hyderabad, September 24, 2026: In a landmark leap into renewable energy, Nava Limited today announced the commissioning of 100 MW solar power plant by its step-down subsidiary, Maamba Solar Energy Limited (MSEL), Zambia, marking a defining milestone in the group journey into renewables. Power evacuation from the plant to the Zambian grid has commenced. 20-Year Power Purchase Agreement MSEL has a 20-year Power Purchase Agreement (PPA) with ZESCO Limited, Zambia's national power utility, for the entire power generated by the 100 MW solar power plant. Strategic Significance This commissioning represents a strategic milestone for the group’s formal entry into utility-scale renewable energy and broadening its business portfolio beyond its traditional core sectors. It reflects a deliberate diversification strategy, positioning it to participate in the global shift toward clean energy, building a scalable platform for future renewable ventures across geographies. Speaking of the milestone Mr. Ashwin Devineni, MD&CEO of Nava Limited said, “The commissioning of our 100MW solar project in Zambia marks a defining step in Nava’s journey into renewable energy. “ “This milestone reflects our commitment to sustainable growth and reinforces our vision of building a diversified, future-ready energy portfolio across geographies,” he added. About MSEL MSEL is a Zambia-based renewable energy company and a step-down subsidiary of Nava Limited, held through Nava Global, the Company's international arm. MSEL's shareholding is held 65% by Nava Global and 35% by ZCCM Investments Holdings PLC (ZCCM-IH), a Zambian investment holding company. About Nava Limited Nava Limited is a diversified Indian conglomerate with interests across power generation, mining, ferro alloys, and renewable energy. Through its international arm, Nava Global, the Company has been expanding its renewable energy footprint in Africa. www.navalimited.com For More Information, Please Contact: Mr. VSN Raju Company Secretary and Vice President Phone: +91 40 23403501 / +91 40 67283333 Email: investorservices@navalimited.com Media Contact for Nava Limited: Lisa Rufus G. Phone: +91 91542 40656 Email: lisa.r@navalimited.com This document may contain forward-looking statements based on management’s beliefs, opinions and expectations as of the date of this release. Actual results may vary due to risks and uncertainties, and the Company does not assume any obligation to update such statements in response to future developments. Please refer to official disclosures for the most accurate and up-to-date information.