General Updates

June 27, 2026 The Manager National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 SYMBOL: SOLEX Sub.: Intimation for Incorporation of Subsidiary company Ref.: Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015. Dear Sir / Madam, With reference to above mentioned subject, pursuant to Regulation 30 of SEBI Listing Regulations, 2015, we wish to inform you that the Wholly-Owned Subsidiary of the Company in the name of BESS June 22, 2026, pursuant to Certificate of Incorporation received on June 27, 2026. The details as required under SEBI Listing Regulations, 2015 read with SEBI circular dated SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as provided in Annexure I attached hereto. This is for the information of the exchange and the members. Thanking you, Yours faithfully, For, Solex Energy Limited Azmin Chiniwala Company Secretary & Compliance Officer Encl.: Annexure I Annexure - I Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Disclosure 1 Name of the target entity, details in brief Solex Energy Limited has incorporated a Wholly- such as size, turnover etc; Owned subsidiary company by the name BESS June 22, 2026 Authorised Capital: Rs 10,00,000/- divided into 1,00,000 - each. Turnover: Not applicable since this is newly incorporated Company. 2 Whether the acquisition would fall within Yes, Solex BESS Private Limited is promoted by Solex related party transaction(s) and whether Energy Limited, and therefore is a related party of the the promoter/ promoter group/ group Company. companies have any interest in the entity being acquired? Solex Energy Limited holds 100% in the new Wholly- If yes, nature of interest and details thereof Owned Subsidiary Company 3 Industry to which the entity Manufacturing, Assembling, Designing, Developing, being acquired belongs; Installing, Commissioning, Operating, Maintaining and Dealing in battery energy storage systems (BESS) 4 Objects and impact of acquisition (including The acquisition/incorporation of the New Wholly- but not limited to, disclosure of reasons for Owned Subsidiary is in line with the Company's acquisition of target entity, if its business is strategic objective of expanding its presence in the outside the main line of business of the renewable energy sector. The main objective of the listed entity); New Wholly-Owned Subsidiary is to undertake the business of manufacturing, assembling, designing, developing, installing, commissioning, operating, maintaining and dealing in Battery Energy Storage Systems (BESS). The proposed business is aligned with and ancillary to the existing business activities of the Company and is expected to strengthen the Company's integrated clean energy solutions portfolio. 5 Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition; 6 Indicative time period for completion of the Not Applicable acquisition; 7 Consideration - whether cash consideration Cash Consideration or share swap or any other form and details of the same; 8 Cost of acquisition and/or the price at Shares are acquired at face value i.e. - by way of which the shares are acquired; incorporating the new company 9 Percentage of shareholding / 100% shareholding by Solex Energy Limited control acquired and / or number of shares acquired; 10 Brief background about the entity acquired Product line of Business: in terms of products/line of business Manufacturing, Assembling, Designing, Developing, acquired, date of incorporation, history of Installing, Commissioning, Operating, Maintaining and last 3 years turnover, country in which the Dealing in Battery Energy Storage Systems (BESS) acquired entity has presence and any other significant information (in brief); Date of Incorporation: June 22, 2026 History/Turnover Not applicable Solex BESS Private Limited is incorporated in Surat and is yet to commence its business operations. Country of incorporation: India