Press Release

KPI/MAT/SEP/2026/844 Date: September 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400051 Scrip Code: 542323 Symbol: KPIGREEN Sub: Press Release – KPI Green Energy Signs Binding Offer to Acquire 507.9 MW of Operational Wind Capacity in Gujarat Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a Press Release titled “KPI Green Energy enters into binding offer to acquire 507.9 MW of operational wind capacity in Gujarat” Thanking you, Yours Faithfully, For KPI Green Energy Limited Moh. Sohil Yusuf Dabhoya Whole Time Director DIN: 07112947 For immediate release KPI Green Energy Signs Binding Offer to Acquire 507.9 MW of Operational Wind Capacity in Gujarat KPI Green Energy Limited today announced that it has signed a binding offer to acquire 100% of the equity of Alfanar Energy Private Limited (AEPL) and Netra Wind Private Limited (NWPL), at an enterprise value of approximately ₹2,410 crore. Together, the two companies own 507.9 MW of operational wind projects at Bhuj, in Gujarat’s Kutch wind corridor. The transaction marks a significant step-up in KPI Green’s wind presence. Upon completion, it will bring fully operational, revenue-generating assets with long-term contracted revenues onto the company’s balance sheet, adding scale immediately without construction or commissioning risk. Transaction highlights • Scale: 507.9 MW of operational wind capacity – 301.4 MW held by AEPL and 206.5 MW by NWPL – located in the Kutch wind corridor at Bhuj. • Contracted revenue: Both portfolios sell power to Solar Energy Corporation of India (SECI), a Government of India enterprise, under 25-year power purchase agreements. With AEPL commissioned in March 2021 and NWPL in March 2024, the combined portfolio has approximately 21 years of remaining contracted life on a capacity- weighted basis. • On completion, KPI Green’s installed IPP capacity will increase from 1.16 GW to approximately 1.67 GW, with the addition of 507.9 MW of operational wind capacity, positioning the company to cross 2 GW of installed IPP capacity by the end of the year Completion is subject to the execution of definitive transaction documents and the satisfaction or waiver of customary conditions precedent, including lender, contractual and regulatory approvals. The transaction is expected to close by 28 February 2027. Commenting on the development, Dr. Faruk Patel, Chairman & Managing Director, said: “This is a defining moment for KPI Green. It will be our first acquisition at this scale and our first in wind, and upon completion bringing 507.9 MW of operational, SECI-contracted capacity onto our platform from day one. The acquisition strengthens our presence in Gujarat’s Kutch wind corridor and upon completion, adds a portfolio of revenue-generating assets with long-term contracted cash flows. As we continue to build our own portfolio as a long-term developer and independent power producer, this transaction marks an important milestone in our growth journey.” About KP Group: Established in 1994, by Dr. Faruk G. Patel, KP Group has grown into a multi-faceted conglomerate with core expertise in renewable energy, infrastructure, and innovation. Over the past three decades, the group has championed sustainability by spearheading transformative projects in wind, solar, hybrid energy, Battery Energy Storage System (BESS) and green hydrogen, thereby contributing to India’s green energy mission. With a strong portfolio of renewable energy projects, KP Group has earned a reputation as a trusted partner for companies committed to reducing their carbon footprint. The group remains steadfast in its mission to contribute meaningfully to India’s energy transition while setting new benchmarks in the renewable energy sector. KPI Green Energy Limited Email: cs@kpgroup.co Phone: +91 261 2244757 Website: www.kpigreenenergy.com