General Updates

MITCON/Secretarial/2026-27/15 July 17, 2026 Listing Department, National Stock Exchange India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai-400051 NSE SYMBOL: MITCON Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Schedule III to the said Regulations, we hereby inform you that MITCON Sun Power Limited, wholly owned subsidiary of MITCON Consultancy & Engineering Services Limited (Ultimate Holding Company) has incorporated a wholly owned subsidiary i.e “MITCON Power Trading Limited” (step-down subsidiary of the Ultimate Holding Company) for expansion of business in fields of power trading. The disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Para A of Part A of Schedule III of the aforesaid regulations are mentioned in below table: 1. Name of the step-down subsidiary, Name: MITCON Power Trading Limited details in brief such as size, turnover Authorized Share Capital: Rs. 2,00,00,000 etc.; Paid-up Share Capital: Rs. 1,00,000 Turnover as on March 31, 2026 – Not applicable as the Company was incorporated on June 19, 2026 2. a) Whether the acquisition would fall Yes it is Related Party Transaction. MITCON Sun Power Limited, wholly owned subsidiary within related party transaction(s) and of MITCON Consultancy & Engineering Services Limited (Ultimate Holding Company) has whether the promoter/ promoter incorporated a wholly owned subsidiary i.e “MITCON Power Trading Limited”. The Ultimate group/ group companies have any Holding Company does not have promoter or promoter group/ promoter group Companies. interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; 3. Industry to which the entity being Power Trading incorporated belongs; 4. a) Objects and impact of With an intent to expand business in the field of power trading. It will result in growth of Ultimate acquisition(including but not limited Holding Company. to, disclosure of reasons for Incorporation of step-down subsidiary, if its business is outside the main line of business of the listed entity); 5. b ) Brief details of any governmental or None regulatory approvals required for the Incorporation; 6. c) Indicative time period for completion NA of the Incorporation; 7. d ) Nature of consideration - whether Cash cash consideration or share swap and details of the same; 8. e) Price at which the shares are Subscription of 10,000 Equity shares at par value of Rs. 10 each aggregating to Rs. 1,00,000 by subscribed; MITCON Sun Power Limited along with its Nominees 9. f) Percentage of shareholding / control 100% of the Paid-Up Capital of Holding company over the proposed subsidiary; 10. g) Brief background about the entity The Entity has been incorporated as a Wholly Owned Subsidiary of MITCON Sun Power Limited to be incorporated in terms of which itself is a wholly owned subsidiary of the listed entity, which makes the Company a step- products/line of business, date of down subsidiary of MITCON Consultancy & Engineering Services Limited. The entity was incorporation, history of last 3 incorporated on June 19, 2026 in India and the Company will be engaged in the field of power years turnover, country in which trading. Turnover and last 3 year details are not applicable as the entity is incorporated on June 19, the acquired entity has presence 2026. and any other significant information (in brief); This is for your information. Kindly take the same on record. Thanking You. Yours faithfully, For MITCON Consultancy & Engineering Services Limited Ms. Ankita Agarwal Sr. VP – Head of Compliance & Legal