Strategic acquisition of majority stake in the Onix IPP Private Limited for 225MW Solar Power Project as an IPP developer under PM-KUSUM scheme in the state of Maharashtra.

BEL/BSE/JUL/2026/005 Date: July 27th, 2026 The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 543971 Symbol: BONDADA Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI master circular for compliance circular no. HO/49/14/14(7)- CFD-POD2/1/3762/2026 dated 11th July 2023. Strategic Acquisition of majority stake in Onix IPP Private Limited for 225 MW Solar Power Project as an IPP developer under PM-KUSUM Scheme in Maharashtra. ----------------------------------------------------------------------------------------------------------------------------------------- Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we are pleased to inform that Bondada Engineering Limited ("Company"/"BEL") has acquired majority equity shareholding in Onix IPP Private Limited ("OIPL"/"SPV") there by entitling the Company with controlling interest in a 225 MW (AC) solar power portfolio under a Government-backed agricultural feeder solarisation programme. OIPL is the SPV formed for implementation of an aggregate 225 MW (AC) Solar Power Project as an IPP under Mukhyamantri Saur Krushi Vahini Yojana 2.0, under Component C of the PM-KUSUM Scheme in the State of Maharashtra. The SPV has power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a period of 25 years with estimated annual revenue of approx. INR 150.48 Crs. This acquisition is in line with Bondada Group’s strategic objective of establishing a presence in renewable energy asset ownership and creation, generating predictable annuity-based revenues. These revenues will complement the Group’s existing annuity income from Battery Energy Storage System (BESS) assets, further strengthening its portfolio of steady and recurring cash flows. The requisite details pursuant to Regulation 30 of the SEBI LODR Regulations are enclosed as Annexure-A. We request you to kindly take the above information on record. Yours faithfully, For Bondada Engineering Limited Sonia Bidlan Company Secretary & Compliance Officer Membership No.: A37766 Bondada Engineering Limited (Formerly known as Bondada Engineering Pvt Ltd) Regd. Office: Corporate Office: Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE, Kapra, Hyderabad, Telangana-500062, C – 26, Kushaiguda Industrial Area, INDIA ECIL, Hyderabad, TG - 500062, INDIA Phone Number: 7207034662 CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net ANNEXURE – A Details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI master circular for compliance circular no. HO/49/14/14(7)-CFD-POD2/1/3762/2026 dated 11th July 2023 S. Particulars Details 1 Name of the target entity Onix IPP Private Limited ("OIPL"), a Special Purpose Vehicle incorporated for implementation of the solar power project 2 Whether the Acquition would fall within No related party transaction 3 Industry to which the entity being acquired Renewable Energy belongs 4 Objects and effects of acquisition The proposed acquisition is aimed at strengthening Bondada Group's renewable energy IPP portfolio through acquisition of a controlling interest in a 225 MW (AC) solar power portfolio. 5 Regulatory / governmental approvals All required approvals have already been obtained. 6 Indicative completion Completed 7 Nature of consideration Cash consideration 8 Cost of Acquisition or price at which the 6000 Shares at face value of Rs.10 each shares are acquired 9 Percentage of shareholding/control to be 60% of the paid-up equity share capital of OIPL, acquired by BEL representing controlling interest in the SPV. 10 Brief details of the project 225 MW (AC) Solar Photovoltaic Power Project under Mukhyamantri Saur Krushi Vahini Yojana 2.0, for implementation of feeder-level solarisation under Component C of the PM- KUSUM Scheme in Maharashtra. Offtake authority is Maharashtra State Electricity Distribution Company Limited (MSEDCL) Bondada Engineering Limited (Formerly known as Bondada Engineering Pvt Ltd) Regd. Office: Corporate Office: Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE, Kapra, Hyderabad, Telangana-500062, C – 26, Kushaiguda Industrial Area, INDIA ECIL, Hyderabad, TG - 500062, INDIA Phone Number: 7207034662 CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net