We wish to inform you that Company has entered into the revised Share Subscription Agreement on October 12, 2026 with Solluz Energy Private Limited to acquire 21,10,680 Equity shares representing 26% Share Capital of the Solluz.

Date: October 12, 2026 The Manager Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Scrip Code: 544199 Scrip ID: GEMENVIRO Subject: Share Subscription Agreement between the Company and Solluz Energy Private Limited Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated August 11, 2026 Dear Sir/Ma’am, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”) and in continuation to our earlier corporate announcement dated August 11, 2026, we wish to inform you that the Company has entered into the revised Share Subscription Agreement on October 12, 2026 with Solluz Energy Private Limited (“Solluz”) having CIN: U52100DL2015PTC277648 to acquire 21,10,680 Equity Shares, representing 26% of the Share Capital of Solluz. The details as required under Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed and marked as Annexure A. Kindly take the same on your record and bring it to the notice of all the concerned. For GEM Enviro Management Limited --------------- Tripti Goyal Company Secretary and Compliance Officer Membership No.: ACS73180 Encl: as above Annexure A The details as required under Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: S. No. Particulars Details 1. Name(s) of parties with whom the Solluz Energy Private Limited (“Solluz”) and their agreement is entered Promoters 2. Purpose of entering into the agreement Share Subscription Agreement is entered for the purpose of acquiring 21,10,680 Equity shares, representing 26% of the Share Capital of Solluz. The Company has agreed to invest an amount of Rs. 5,27,67,000/- (Rupees Five Crore Twenty- Seven Lacs Sixty-Seven Thousand Only) for acquiring 21,10,680 Equity shares of Solluz of Face Value of Rs. 10/- each at an issue price of Rs. 25/- per Equity Share (including a premium of Rs. 15/- per share). 3. Shareholding, if any, in the entity with Nil whom the agreement is executed 4. Significant terms of the agreement (in The Company has the right to nominate up to one brief) special rights like right to appoint Director on the Board of Solluz, pre-emptive directors, first right to share subscription rights on further issue of Equity Securities, right in case of issuance of shares, right to of first offer on transfer of shares by the restrict any change in capital structure Promoters of Solluz and specified tag-along etc. rights. Certain reserved matters, including changes in capital structure, issue of securities and other specified material matters, require the prior consent of the Company. All other terms and conditions are mentioned under Share Subscription Agreement executed between the Company and Solluz. 5. Whether, the said parties are related to No promoter/promoter group/ group companies in any manner. If yes, nature of relationship 6. Whether the transaction would fall It is not a Related Party Transaction. within related party transactions? If yes, Subsequent to this investment, Solluz will whether the same is done at “arm’s become associate of the Company. length” 7. In case of issuance of shares to the Not Applicable parties, details of issue price, class of shares issued 8. Any other disclosures related to such Nil agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. 9. In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s) i. name of parties to the agreement; i. Solluz Energy Private Limited and their Promoters ii. nature of the agreement; ii. Share Subscription Agreement iii. date of execution of the agreement; iii. October 12, 2026 iv. details of amendment and impact iv. The amendment in the Share Subscription thereof or reasons of termination Agreement pertains to the revision of the and impact thereof. issue price per equity share to be issued to the Company. The issue price has been revised from Rs. 24/- per equity share to Rs. 25/- per equity Share (Face value of Rs. 10/- and premium of Rs. 15/- per share), resulting in a corresponding increase in the overall investment amount from Rs. 5,06,56,320/- to Rs. 5,27,67,000/-.