General Updates

Date: 18th June 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400051 Mumbai – 400001 NSE Symbol: MSPL S c r i p Code: 532650 Dear Sir/Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Power Purchase Agreement Pursuant to Regulation 30 read with Clause 5A, Para A, Part A, Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), as amended, and in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, we wish to inform you that M/s. MSP Steel and Power Limited (“the Company”) has entered into a Power Purchase Agreement (“PPA”) with M/s Elevate Solar Energy Private Limited. The PPA relates to the Procurement of Solar Power facility of a contracted quantity of 10MWp (DC) of Electricity per annum at tariff rate of Rs 3.17 per unit by the Company for a term of 25 (Twenty-five) Years from the execution date of the agreement. The said agreement has been executed under the Group Captive Open Access Permissions mechanism, aimed at optimizing energy costs and increasing the Company’s renewable energy consumption. The key details of the agreement, as required under Regulation 30 and the aforesaid SEBI Circular, are enclosed herewith as Annexure – A. This is for your kind information & record. Thanking You. Yours faithfully, For, MSP STEEL & POWER LTD Shreya Kar Company Secretary & Compliance Officer Encl.: As above Annexure – A The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is as under: S.No. Details of Events that need to be informed Information of Such events 1. Name of parties to the agreement* M/s MSP Steel and Power Limited (“Consumer”) and M/s Elevate Solar Energy Private Limited (“Generator”) 2. Purpose of entering into the agreement Procurement of Solar Power facility of a contracted quantity of 10MWp (DC) of Electricity per annum at tariff rate of Rs 3.17 per unit 3. Shareholding, if any in the Entity with whom the The Company is stated to acquire 26% of agreement is executed shareholding in Elevate Solar Energy Private Limited corresponding to their Contracted Energy/Quantity on terms and conditions agreed upon in the Shareholders’ Agreement (to be executed on a later date). 4. Significant terms of the agreement (in brief) The Generator is developing a solar special rights to appoint directors, first right to power generation facility in the Baloda share subscription in case of issuance of shares, Bazar District of the State of Chhattisgarh right to restrict any change in capital structure with an installed capacity of 70 MWP etc (DC) / 50 MW (AC), out of which a contracted capacity of 10 MWP (DC) has been earmarked for supply of electricity to MSP Steel & Power Limited on a captive consumption. The said agreement also includes period of the agreement, commissioning date, conditions precedent and subsequent to commencement of Supply, Tariff, billing and payment procedure, obligations of both parties, force majeure, events of default & termination, dispute resolution & arbitration, representations & warranties etc 5. Whether the said parties are related to No Promoter/promoter groups/ group Companies in any manner. if yes, Nature of relationship 6. Whether the said transaction would fall within No related parties’ transaction? If yes, Whether the same is done in “arm’s length” 7. In case of issuance of shares to the parties, Pursuant to Shareholders’ Agreement to details of issue price, class of shares issued; be executed on a later date. 8. Any other disclosure related to agreement, Not Applicable 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 Not Applicable agreement, listed entity shall disclose additional details to the stock exchange(s): a. Name of the parties; b. Nature of the agreement; *Agreement to be read along with the Acceptance Letter executed between Generator and Consumer.