General Updates

SILGO RETAIL LIMITED CIN:L32111RJ2016PLC049036 SIL/JAI/2026-27 Date: June 18, 2026 National Stock Exchange India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai- 400051 COMPANY NAME : SILGO RETAIL LIMITED NSE SYMBOL: SILGO Subject: Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, This is in continuation of our disclosure dated June 17, 2026 submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), regarding the acquisition of equity stake in Terraverde Renewables Private Limited and Bluesky Renewables Private Limited (collectively referred to as the "Target Companies"). We are pleased to inform that the Target Companies have secured and executed Power Purchase Agreements ("PPAs") with Maharashtra State Electricity Distribution Company Limited ("MSEDCL") for development of solar power projects having an aggregate contracted capacity of 37 MW (AC) in the State of Maharashtra, details of which are as under: 1. Bluesky Renewables Private Limited – 19 MW (AC) 2.Terraverde Renewables Private Limited – 18 MW (AC) The projects span multiple districts in Maharashtra, including Chandrapur, Gadchiroli, Akola and Amravati, with an aggregate installed capacity of 37 MW (AC) distributed across six sites. Pursuant to the respective PPAs executed with MSEDCL on April 16, 2025, the power generated from the projects shall be supplied to MSEDCL at a fixed tariff of ₹3.09 per kWh for a period of 25 years. Further, the projects are eligible for subsidy support of approximately ₹90.60 lakh per MW (AC), aggregating to approximately ₹33.52 crore, which is expected to enhance the long-term viability and returns of the projects. The acquisition of the Target Companies together with the underlying solar power projects strengthens the Company's presence in the renewable energy sector and aligns with its strategy of creating long-term value through sustainable and clean energy initiatives. Regd. Office: B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur 302 017, (Rajasthan) INDIA Phone No. : +91 7055570555 / Email : info@silgo.in / Website : www.silgo.in SILGO RETAIL LIMITED CIN:L32111RJ2016PLC049036 The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure-A and Annexure-B. Kindly take the above information on record. Thanking You Yours faithfully For & on behalf of Silgo Retail Limited Nitin Jain Managing Director DIN: 00935911 Regd. Office: B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur 302 017, (Rajasthan) INDIA Phone No. : +91 7055570555 / Email : info@silgo.in / Website : www.silgo.in SILGO RETAIL LIMITED CIN:L32111RJ2016PLC049036 Annexure-A Disclosure in terms of Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 S. No. Particulars Details 1 Name(s) of parties with whom the Terraverde Renewables Private Limited, in agreement is entered. which the Company has acquired 49% equity stake and which is proposed to become a Wholly Owned Subsidiary of Silgo Retail Limited pursuant to the transaction documents executed between the parties, and Maharashtra State Electricity Distribution Company Limited (MSEDCL). 2 Purpose of entering into the To develop, establish, operate and maintain Agreement solar power projects and to sell the electricity generated from such projects to MSEDCL in accordance with the terms of the Power Purchase Agreement, thereby enabling MSEDCL to meet its renewable energy procurement requirements. 3 Shareholding, if any, in the entity with whom Nil the agreement is executed 4 Significant terms of the agreement (in brief) Development of Solar Project and special rights like right to appoint directors, Generation of electrical energy produced first right to share subscription in case of from the project which will be sold to issuance of shares, right to restrict any MSEDCL for its day time power supply change in capital structure etc. requirements and to enable MSEDCL to fulfil its renewable purchase obligation. The agreement also sets out the obligations of the parties with respect to development, commissioning, operation and maintenance of the project. 5 Whether, the said parties are related to Not Applicable promoter/promoter group/ group companies in any manner. If yes, nature of relationship. 6 Whether the transaction would fall Not Applicable within related party transactions? If yes, whether the same is done at "arm's 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 None agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of Regd. Office: B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur 302 017, (Rajasthan) INDIA Phone No. : +91 7055570555 / Email : info@silgo.in / Website : www.silgo.in SILGO RETAIL LIMITED CIN:L32111RJ2016PLC049036 such agreements, etc.; 9 In case of termination or amendment Not Applicable of agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof Regd. Office: B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur 302 017, (Rajasthan) INDIA Phone No. : +91 7055570555 / Email : info@silgo.in / Website : www.silgo.in SILGO RETAIL LIMITED CIN:L32111RJ2016PLC049036 Annexure-A Disclosure in terms of Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 S. No. Particulars Details 1 Name(s) of parties with whom the Bluesky Renewables Private Limited, in agreement is entered. which the Company has acquired 49% equity stake and which is proposed to become a Wholly Owned Subsidiary of Silgo Retail Limited pursuant to the transaction documents executed between the parties, and Maharashtra State Electricity Distribution Company Limited (MSEDCL). 2 Purpose of entering into the To develop, establish, operate and maintain Agreement solar power projects and to sell the electricity generated from such projects to MSEDCL in accordance with the terms of the Power Purchase Agreement, thereby enabling MSEDCL to meet its renewable energy procurement requirements. 3 Shareholding, if any, in the entity with whom Nil the agreement is executed 4 Significant terms of the agreement (in brief) Development of Solar Project and special rights like right to appoint directors, Generation of electrical energy produced first right to share subscription in case of from the project which will be sold to issuance of shares, right to restrict any MSEDCL for its day time power supply change in capital structure etc. requirements and to enable MSEDCL to fulfil its renewable purchase obligation. The agreement also sets out the obligations of the parties with respect to development, commissioning, operation and maintenance of the project. 5 Whether, the said parties are related to Not Applicable promoter/promoter group/ group companies in any manner. If yes, nature of relationship. 6 Whether the transaction would fall Not Applicable within related party transactions? If yes, whether the same is done at "arm's 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 None agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of Regd. Office: B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur 302 017, (Rajas [Showing first 8,000 characters — download PDF for full document]