General Updates

DOC:SEC:1973/2026-27/234 September 25, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G- Block, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE: 500084 SCRIP CODE: CESC Dear Sir/ Madam, Sub – Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (“SEBI LODR Regulations”) We write to inform you that Prism Johnson Limited (PJL), has entered into a Power Purchase Agreement on September 25, 2026 (PPA) under captive model with KUS Renewable Private Limited (KRPL), a wholly owned subsidiary of Purvah Green Power Private Limited (PGPPL), which is a subsidiary of CESC Limited. The PPA is for procurement of energy for cement production facility of PJL located at District Satna, Madhya Pradesh, from a 49.5 MW wind power plant that will be constructed by KRPL, at Tehsil Alot, District Ratlam, Madhya Pradesh. We would also like to inform you that apart from the aforementioned PPA, PJL, KRPL & PGPPL also executed a Share Subscription and Shareholder’s Agreement (SSSHA) simultaneously with the execution of the PPA, pursuant to which the PJL shall invest an amount not exceeding INR 40 crores for 26.5% Equity and Redeemable Preference Shares of KUS Renewable Private Limited in tranches. The above information is being submitted, on a voluntary basis as a good corporate governance practice, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations, 2015) and the details required to be furnished in compliance with Regulation 30, Part A of Schedule III of the SEBI Listing Regulations, 2015 read with relevant SEBI Master Circular HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as “Annexure-A”. Copy of the Press Release is also enclosed herewith as “Annexure-B”. You are requested to kindly take the information on record and oblige. Thanking you. Yours faithfully, For CESC Limited Jagdish Patra Company Secretary & Compliance Officer Annexure – A Sr. Particulars Details 1. The amount and percentage of the The wind power project of 49.5 MW will be turnover or revenue or income and net established by KUS Renewable Private Limited (KRPL) with scheduled commercial operation worth contributed by such unit or date of 25th January 2028. Power from this captive division or undertaking or subsidiary generating plant shall be sold to the cement or associate company of the listed manufacturing facility of PJL. en tity during the last financial year Accordingly, KRPL did not contribute to the total turnover and net worth of CESC Limited, during the last financial year. i.e. March 31, 2026. 2. Date on which the agreement for September 25, 2026. su bscription has been entered into; 3. The expected date of completion of PJL shall invest towards 26.5% equity and su bscription ; redeemable preference shares in KRPL, tentatively by October 31, 2027 (i.e. 3 months prior to commercial operation date of the wind power plant) 4. Consideration received from such PJL shall invest an amount not exceeding INR sa le/disposal; 40 crores to subscribe to 26.5% equity stake and redeemable preference shares in KUS Renewable Private Limited (KRPL), to be invested in three tranches as per the terms of the SSSHA. 5. Brief details of buyers and whether any PJL is a company incorporated under the of the buyers belong to the promoter/ Companies Act, 1956 (CIN: L26942TG1992PLC014033), having its promoter group/group companies. If registered office at 305, Laxmi Niwas Apartments, y es, details thereof; Ameerpet, Hyderabad 500016. PJL is engaged in the business of production of cement and owns and operates a cement production facility at Village Mankahari, P.O. Bathia, Tehsil Rampur Baghelan, District Satna, Madhya Pradesh. PJL does not belong to the promoter/ promoter group/group companies. 6. Whether the transaction would fall Not a Related Party Transaction within related party transactions? If yes, whether the same is done at “a rm’s length”; 7. Whether the sale, lease or disposal of Not Applicable the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with re gulation 37A of LODR Regulations. Annexure-B RPSG's Purvah Green Power Signs First Captive Power Deal with Prism Johnson for 49.5 MW Wind Project ~25-year agreement marks the group's entry into commercial and industrial power supply, with a focus on energy-intensive, hard-to-abate industry National, 25 September 2026: Purvah Green Power Private Limited, the renewable energy platform of CESC Limited within the RP-Sanjiv Goenka Group (RPSG), has signed its first commercial and industrial (C&I) power supply agreement, with Prism Johnson Limited, to develop a 49.5 MW wind project in Madhya Pradesh under the group captive model. Prism Johnson will hold 26.5% of the project company and Purvah the remaining 73.5%. The project will supply renewable power to Prism Johnson's manufacturing operations in the state for 25 years. The agreement opens a C&I business for Purvah alongside its utility-contracted portfolio, as part of RPSG's plan to build a renewable platform of more than 10 GW. Purvah intends to focus its C&I business on energy-intensive, hard-to-abate industries, where power is a large share of operating cost, loads run around the clock, and long-term clean supply is hardest to secure. The project will be funded through a combination of debt and equity, with equity contributed in proportion to ownership. Prism Johnson's 26.5% stake meets the ownership threshold for captive generation under Rule 3 of the Electricity Rules, 2005. Qualifying captive arrangements are exempt from the cross-subsidy surcharge and additional surcharge levied by state distribution companies, lowering the consumer's delivered power cost while giving the generator a long-term offtaker with equity in the asset. The agreement follows the Electricity (Amendment) Rules, 2026, which revised the group captive framework earlier this year to reduce regulatory risk for such structures. Purvah's pipeline to date has been built around utility offtake, including capacity earmarked for CESC's own distribution business. Following its August 2026 agreement to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power for an enterprise value of ₹4,859 crore, Purvah's contracted capacity stands at 4.8 GWp, of which 1.8 GWp is operational, with a further 2.2 GWh of battery storage under implementation. Shashwat Goenka, Vice Chairman, RP-Sanjiv Goenka Group, said, “The hardest question in Indian renewables today is not how to build a project. It is who takes the power, and on what terms. Heavy industry answers that better than almost anyone; large loads that run around the clock, a real reason to switch, and in a captive structure, a stake in the asset itself. That is where we want to build our C&I business.” Purvah brings to industrial customers the operating experience of its parent CESC, which has supplied electricity to industrial and commercial consumers since 1899 and today serves 4.7 million consumers across seven locations, together with a platform spanning solar, wind, hybrid generation and battery storage. That combination positions it to offer heavy industry not only renewable energy but, over time, the firmer and round-the-clock supply that continuous industrial loads require. The C&I segment is emerging as an important driver of India’s renewable energy growth, as businesses increasingly seek reliable and cost-competitive renewable power to meet their decarbonisation goals. According to CRISIL Ratings, C&I renewable energy capacity is expected to increase from around 40 GW at the end of FY2026 to 57 GW by FY2028. This growing demand presents a significant opportunity for renewable energy platforms such as Purvah to d [Showing first 8,000 characters — download PDF for full document]