Acquisition of equity stake in 03 companies by Refex Green Power Limited, a wholly-owned subsidiary, thereby making step-down subsidiaries/ associate company of Refex Renewables & Infrastructure Limited

September 25, 2026 The BSE Limited 1st Floor, New Trading Wing, Rotunda Building Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400001 Maharashtra corp.relations@bseindia.com Security Code No.: 531260 RE: Disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Subject: Acquisition of equity stake in 03 companies by Refex Green Power Limited, a wholly-owned subsidiary, thereby making step-down subsidiaries/ associate company of Refex Renewables & Infrastructure Limited. Dear Sir(s)/ Madam, We would like to inform all our stakeholders that Refex Green Power Limited, a wholly-owned subsidiary of the Company, has acquired equity stake in Refex Vayu SPV 1 Private Limited, Refex Vayu SPV 2 Private Limited and Grey To Green Transition Private Limited (name proposed to be changed to Refex Vayu SPV 3 Private Limited). thereby, making it step-down subsidiaries/associate company. Refex Vayu SPV 1 Private Limited: Shareholders Equity Shareholding Pre-acquisition % Post-acquisition % Refex Holding Private Limited 20,00,000 100.00 0 0 Refex Green Power Limited 0 0 20,00,000 100.00 Total 20,00,000 100.00 20,00,000 100.00 Refex Vayu SPV 1 Private Limited has become a step-down wholly-owned subsidiary of Refex Renewables & Infrastructure Limited. Refex Vayu SPV 2 Private Limited: Shareholders Equity Shareholding Pre-acquisition % Post-acquisition % Refex Holding Private Limited 24,50,000 49.00 0 0 Refex Green Power Limited 0 0 24,50,000 49.00 Total 24,50,000 49.00 24,50,000 49.00 Refex Vayu SPV 2 Private Limited has become a step-down associate of Refex Renewables & Infrastructure Limited. Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com Grey To Green Transition Private Limited: Shareholders Equity Shareholding Pre-acquisition % Post-acquisition % Refex Holding Private Limited 10,000 100.00 0 0 Refex Green Power Limited 0 0 10,000 100.00 Total 10,000 100.00 10,000 100.00 Grey To Green Transition Private Limited has become a step-down wholly-owned subsidiary of Refex Renewables & Infrastructure Limited. The details as required under SEBI Circular No. SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure -A. You are requested to take the above information on records and disseminate the same on your website. Thanking you. Yours faithfully, For Refex Renewables & Infrastructure Limited Vinay Aggarwal Company Secretary & Compliance Officer ACS-39099 Encl.: Annexure – A. Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com Annexure – A The details as required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as under: S. No. Particulars Refex Vayu SPV 1 Private Limited Refex Vayu SPV 2 Private Limited Grey To Green Transition Private Limited a) Name of the target entity, details in Refex Vayu SPV 1 Private Limited Refex Vayu SPV 2 Private Limited Grey To Green Transition Private Limited brief such as size, turnover etc. CIN: U27101TN2021PTC141776 CIN: U27101TN2020PTC135431 CIN: U27101TN2022PTC152158 Equity share capital= ₹2,00,00,000/- Equity share capital=₹5,00,00,000/- Equity share capital= ₹1,00,000/- Turnover: Nil (FY26) Turnover: Nil (FY26) Turnover: Nil (FY26) Networth: ₹2,55,49,753/- (FY26) Networth: ₹5,16,19,500/- (FY26) Networth:(₹96,22,380)/- (FY26) b) Whether the acquisition would fall Yes, the proposed acquisition constitutes a related party transaction, as the entity being acquired is presently owned and within related party transaction(s) controlled by the promoter & holding company, i.e., Refex Holding Private Limited (RHPL). and whether the promoter/ promoter group/ group companies have any The Promoter has an interest in the entity being acquired by virtue of such ownership and control. interest in the entity being acquired? If yes, nature of interest and details The transaction is proposed to be undertaken on an arm's length basis, based on the fair valuation of equity shares obtained from thereof and whether the same is done an independent chartered accountant. at “arm’s length” c) Industry to which the entity being Renewable energy/Wind power developers. acquired belongs d) Objects and effects of acquisition The acquisition is aimed at strengthening the Company’s renewable energy portfolio and expanding its presence in the wind (including but not limited to, disclosure power generation sector. of reasons for acquisition of target entity, if its business is outside the main Refex Green Power Limited has been awarded certain tenders for wind power projects for which new SPVs are required to be set- line of business of the listed entity) up. Accordingly, such entities would be utilized for setting up the wind IPPs and are readily available to enter into PPAs in time. e) Brief details of any governmental or No approval required. No approval required. No approval required. regulatory approvals required for the acquisition f) Indicative time period for completion September 25, 2026 September 25, 2026 September 25, 2026 of the acquisition g) Nature of consideration – Cash consideration Cash consideration Cash consideration whether cash consideration or share swap and details of the same; h) Cost of acquisition or the price at ₹2,55,20,000/- ₹2,52,84,000/- ₹1,00,000/- which the shares are acquired; i) Percentage of shareholding / control 100% (20,00,000 equity shares of fair 49% (24,50,000 equity shares of fair value 100% (10,000 equity shares of face value acquired and/ or number of shares value of ₹12.76/- each), thereby, of ₹10.32/- each), thereby, making 49% of ₹10/- each), thereby, making 100% acquired; making 100% equity shareholding. equity shareholding. equity shareholding. Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com S. No. Particulars Refex Vayu SPV 1 Private Limited Refex Vayu SPV 2 Private Limited Grey To Green Transition Private Limited j) Brief background about the entity acquired in terms of:  line of business acquired: Renewables & Energy Renewables & Energy Renewables & Energy  products: Yet to commence operations Yet to commence operations Yet to commence operations  date of incorporation: March 03, 2021 May 24, 2020 May 12, 2022  history of last 3 years’ turnover: Nil Nil Nil  country in which the acquired entity India India India has presence:  any other significant information NA NA NA (in brief): Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com