Acquisition

28th September, 2026 The Dy. General Manager (Listing Dept.) The Manager – Listing Dept., BSE Limited, National Stock Exchange of India Limited Corporate Relationship Dept., Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G. Block, P. J. Towers, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 (BSE Scrip Code: 500420) (NSE Symbol: TORNTPHARM) Dear Sir/ Madam, Sub.: Disclosure pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) ==================================================================== We refer to our earlier intimation dated 10th September, 2025 with respect to entering into the Share Subscription and Shareholders’ Agreement (“SSSA”) to subscribe to 26% equity shares of Torrent Urja 27 Private Limited (“Torrent Urja”) for setting up captive hybrid (Solar + Wind) power project in the State of Gujarat to enhance the share of renewable power sources in the operation of the Company. In furtherance to the above, we would like to inform you that the Amendment Agreement to SSSA dated 28th September, 2026 has been executed to enhance the investment of the Company in Torrent Urja from INR 7,91,93,400 to INR 11,87,90,100 as a result of increase in the project capacity. The relevant details as required under Regulation 30 of the Listing Regulations read with SEBI master circular dated 30th January, 2026, bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) with respect to the Proposed Transaction is set out in Annexure A. You are requested to take the above on record. Thanking you, Yours sincerely, For TORRENT PHARMACEUTICALS LIMITED CHINTAN M. TRIVEDI COMPANY SECRETARY Encl : As above Email – investorservices@torrentpharma.com Annexure A The details regarding the Proposed Transaction as required under Regulation 30 and Schedule III of the Listing Regulations, read with the Master Circular, are as under: Sr. Particulars Details 1. Name of the target entity, details in Name of Target entity: Torrent Urja 27 Private brief such as size, turnover etc. Limited (“Torrent Urja”). Brief Details: Torrent Urja, currently a wholly owned subsidiary of Torrent Green Energy Private Limited, is a special purpose vehicle formed for setting up captive power project in Gujarat. Turnover: Nil as on 31st March, 2026 2. Whether the acquisition would fall Yes. Torrent Urja is an Associate Company of the within related party transaction(s) and Company and step down Subsidiary of Company’s whether the promoter/ promoter holding Company. The Transaction is being group/ group companies have any carried out at arm’s length basis. 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 Generation and transmission of hybrid energy, acquired belongs consisting of wind, solar and other sources of renewable energy. 4. Objects and impact of acquisition In order to enhance the share of renewable power (including but not limited to, sources in the operation of the Company and to disclosure of reasons for acquisition of comply with regulatory requirement for being a target entity, if its business is outside captive user under Indian electricity laws, the the main line of business of the listed Company will enhance the investment in Torrent entity) Urja to acquire 26% of stake in Torrent Urja. 5. Brief details of any governmental or Not applicable regulatory approvals required for the acquisition 6. Indicative time period for completion 18 to 21 months of the acquisition Email – investorservices@torrentpharma.com Sr. Particulars Details 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the price at INR 11,87,90,100 (Rupees Eleven Crores Eighty which the shares are acquired Seven Lakhs Ninety Thousand and One Hundred Only) – 1,18,79,010 Class A Equity Shares of Face Value of Rs. 10/- each. 9 Percentage of shareholding/ control 26% acquired and/ or number of shares acquired 10 Brief background about the entity Brief Background: acquired in terms of products/line of business acquired, date of Torrent Urja is incorporated in India and incorporation, history of last 3 years registered with the Registrar of Companies, turnover, country in which the Gujarat at Ahmedabad on 06-Aug-24, and is yet acquired entity has presence and any to commence its business operations. other significant information (in brief) Email – investorservices@torrentpharma.com