Acquisition

KPI/MAT/SEP/2026/843 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: Binding Offer to acquire of 100% securities of Alfanar Energy Private Limited and Netra Wind Private Limited Ref : Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the captioned subject, we hereby inform that KPI Green Energy Limited (“the Company”) has entered into a binding offer dated September 29, 2026 to acquire 100% of equity and all other equity like instruments of Alfanar Energy Private Limited (“AEPL”) and Netra Wind Private Limited (“NWPL”) AEPL and NWPL own the wind project having capacity of 301.4 MW and 206.5 MW, respectively, aggregating to 507.9 MW of wind power capacity at Bhuj, Gujarat, India. The acquisition will be completed upon execution of definitive transaction documents and fulfilment or waiver, as applicable, of the conditions precedent specified therein, including requisite lenders, contractual and regulatory approvals. The detailed disclosure as required under Regulation 30 of the SEBI Listing Regulations read with the applicable SEBI Master Circular dated January 30, 2026 is enclosed as Annexure A Thanking you, Yours Faithfully, For KPI Green Energy Limited Moh. Sohil Yusuf Dabhoya Whole Time Director DIN: 07112947 ANNEXURE I Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master circular HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Particulars Details 1 Name of the target entity Alfanar Energy Private Limited (AELP) Netra Wind Private Limited (NWPL) 2 Whether the acquisition would Proposed acquisition is not related party fall within related party transaction. transaction(s) and whether the promoter/ promoter group/ group companies have any 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 Renewable Energy acquired belongs; 4 Objects and impact of The proposed transaction is intended to expand and acquisition (including but not strengthen the renewable energy portfolio of the limited to, disclosure of reasons Company through acquisition of operating wind for acquisition of target entity, if power assets aggregating to 507.9 MW, on its business is outside the main completion line of business of the listed entity) 5 Brief details of any governmental The proposed acquisition is subject to receipt of or regulatory approvals required requisite statutory, regulatory and other approvals / for the acquisition; consents, as may be applicable 6 The proposed transaction is expected to be Indicative time period for completed on or before 28 February 2027, subject completion of the acquisition; to satisfaction or waiver of the applicable conditions precedent and execution of definitive transaction documents. 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 The Proposed Transaction is for an Enterprise Value price at which the shares are of Rs. 2,410 Crores. acquired; 9 Percentage of shareholding / 100% of equity and equity like instruments of AEPL control acquired and / or number and NWPL are proposed to be acquired. of shares acquired 10 Brief background about the AEPL and NWPL are engaged in the renewable entity acquired in terms of energy / wind power generation business in India. products/line of business acquired, date of incorporation, Date of Incorporation: history of last 3 years turnover, AEPL: 27 December 2016 country in which the acquired NWPL: 9 January 2018 entity has presence and any Country of Incorporation: India other significant information (in brief); AEPL: FY 2024-25: Rs. 168.47 Crores FY 2023-24 : Rs. 189.18 Crores FY 2022-23 : Rs. 192.69 Crores NWPL: FY 2024-25: Rs. 108.98 Crores FY 2023-24 : Rs. 67.06 Crores FY 2022-23 : Rs. NIL ( Not operational)