Corporate Insolvency Resolution Process

24 June 2026 VSL/CS/343/2026 dated 24.06.2026 BSE Limited. National Stock Exchange of India Ltd. Department of Corporate Services Listing Department P. J. Towers, Dalal Street, Mumbai – 400 001 Exchange Plaza, Bandra-Kurla Complex, (Scrip Code: Equity - 544488) Bandra (E), Mumbai – 400 051 (Symbol: VIKRAMSOLR, Series EQ) Dear Sir/ Madam Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”)- Updates to the proceedings before the Hon’ble National Company Law Appellate Tribunal Pursuant to Regulation 30 of the SEBI Listing Regulations, in continuation of our intimations each dated 19 June 2026 and intimation dated 22 June 2026, we wish to inform you that pursuant to the appeal filed before the Hon’ble National Company Law Appellate Tribunal (“Hon’ble NCLAT”), the Hon’ble NCLAT has stayed the operation of the order passed by the Hon’ble National Company Law Tribunal, Kolkata Bench admitting a petition filed by Isitva Steels Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016, until the next date of listing. In effect, a stay on the corporate insolvency resolution process against Vikram Solar Limited has been granted by the Hon’ble NCLAT and no further steps can be taken by the interim resolution professional. It is reiterated that the Company remains solvent, financially sound and is fully operational. The Company achieved a total revenue of INR 4,802.25 crores and a profit-after-tax of INR 470.42 crores, for the fiscal 2026, reflecting exceptional operational performance and sustained business momentum. The Company remains a market-leading enterprise with substantial assets, significant ongoing operations and a strong liquidity position. The Company has no long-term debt as of March 31, 2026, and the Company’s working capital net debt as of March 31, 2026 is INR 64 crores, with a debt-to-equity ratio of 0.03. The net working capital cycle has improved to 44 days from 82 days in Fiscal 2026 from Fiscal 2025. The management remains strongly committed to upholding the Company’s strong governance standards and protecting stakeholder interests. The Company will continue to take all necessary steps and remedies to safeguard the interests of the Company, its shareholders, and other stakeholders. This is for your information and records. Sincerely For and on behalf of Vikram Solar Limited Sudipta Bhowal Company Secretary & Compliance Officer