Updates

DOC: SEC:2029/2026-27/290 October 31, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, G- Block, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 SCRIP CODE: 500084 SCRIP CODE: CESC Dear Sir/ Madam, Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with the relevant circulars issued by the Securities and Exchange Board of India (“SEBI”), and in furtherance of our earlier communication bearing letter no. DOC:SEC:1890/2026-27/151 dated August 10, 2026 (copy attached as Annexure-A), we wish to inform you that the indicative timeline for completion of the acquisition has been revised from October 31, 2026 to November 21, 2026, pursuant to an amendment to the Share Purchase Agreement executed amongst ReNew Solar Power Private Limited, Purvah Green Power Private Limited and the target companies, namely, ReNew Hans Urja Private Limited, ReNew Solar Photovoltaic Private Limited, ReNew Wind Energy (Karnataka 3) Private Limited, ReNew Wind Energy (MP Four) Private Limited, ReNew Wind Energy (Karnataka 4) Private Limited and ReNew Agni Power Private Limited. You are requested to kindly take the information on record and oblige. Thanking you. Yours faithfully, For CESC Limited Jagdish Patra Company Secretary & Compliance Officer Annexure-A DOC:SEC:1890/2026-27/151 10thAugust 2026 NationalStockExchangeofIndiaLimited BSELimited Exchange Plaza, 5thFloor, Plot No. C/1,G-Block, Bandra – PhirozeJeejeebhoyTowers,Dalal Kurla Complex,Bandra(East), Street, Mumbai –400 051 Mumbai–400 001 SCRIPCODE:CESC SCRIPCODE:500084 DearSir/Madam, Sub –Acquisitionof 1.4 GWp operational renewable power capacityby Purvah Green Power Private Limited,a subsidiary of CESCLimited We write to inform you that Purvah Green Power Private Limited (“PGPPL” or “Company”), a subsidiary of CESC Limited, has entered into a Share Purchase Agreement(“SPA”)today for acquisition of 100% (one hundred percent) share capital ofReNew Hans Urja Private Limited, ReNewSolar Photovoltaic Private Limited, ReNew Wind Energy (Karnataka 3) Private Limited, ReNew Wind Energy (MP Four) Private Limited, ReNew Wind Energy (Karnataka 4) Private Limited, ReNew Agni Power Private Limited(“Target Companies”)from ReNew Solar Power Private Limited(“Seller”). Post the completion of acquisition of shares,the Target Companieswill become step-down subsidiariesof CESCLimited. The details required to be furnished in compliance with Regulation 30 read with clause 1 and 5, Paragraph A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30thJanuary 2026 is enclosed herewith as “Annexure-A”. Copy of the Press Release issued by the Companyon the captioned subject, is enclosed herewith as “Annexure-B”. You are requested to kindly take the information on record and oblige. Thanking you. Yours faithfully, ForCESCLimited JagdishPatra CompanySecretary&ComplianceOfficer Encl: As above Annexure – A Details as required under Regulation 30 and Clause 1, Paragraph A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 Particulars Details 1. Name of the target entity,detailsinbrief The principal object of each of the Target Companies is, carrying on, the suchassize,turnoveretc. business of generation and supply of power from renewable sources and project development for such assets including associated transmission infrastructure. Installed Name of the Target Company Capacity (MWp) ReNew Hans Urja Private Limited ReNewSolar Photovoltaic Private Limited 506.25 ReNew Wind Energy (Karnataka 3) Private Limited 24.55 ReNew Wind Energy (MP Four) Private 24.60 Limited ReNew Wind Energy (Karnataka 4) Private Limited 22.90 ReNewAgni Power Private Limited 23.18 1411.48MW TOTAL (Approx.1.4 GWp) 2. Whether the acquisition would fall No. The acquisition does not fall within related party transaction(s). Further, within related party transaction(s) and the promoter/promoter group/group companies of CESC Limited have no whether the promoter/ promoter group/ interest in the Target Companies. groupcompanies have any interest inthe entity being acquired? If yes, nature of interest and details thereof andwhether the same is done at“arm’slength” 3. Industry to which the entity being Renewable Energy(Power sector) acquired belongs Particulars Details 4. Objects and impact of acquisition (including but not limited to, disclosure The transaction will help in expanding renewable power footprint of the ofreasonsforacquisition of target entity, Company. The completion of this transaction will significantlyaccelerate the if itsbusiness is outside the main lineof Pan-India presence of the Company’s portfolio increasing operational businessofthelistedentity) capacity to over 1.8 GWp and contracted/tied-up capacity of over 3 GWp (Totaling 4.8 GWp). 5. Brief details of any governmental or No governmental or regulatory approval is required for the acquisition. regulatory approvals required for the Acquisition 6. Indicative period for completion of the Before 31stOctober 2026 acquisition 7. Consideration - whether cash Enterprise Value of INR 4859 crores (excluding contingent payment of consideration or share swap or any other estimated INR 230 crores, payable only on additional realisation of change form and details of the same in law claim (“Contingent Payment”)). The consideration payable to the Seller shall be determined after adjustment of debt, cash and other items as detailed in the SPA. Thecash considerationpayable will be INR 1582 crores on closing (including INR 94 crores of net current assets but excluding Contingent Payment amount), which is a combination of payment to sellers for share capital (INR 589crores) and infusion of unsecured promoter debt(INR 993crores) to be used for repayment of existing promoter debt. This shall be subject to post- closing adjustments in the mannerset out in the SPA. 8. Cost of acquisition and/or the price at Name of the Target Company Cost of acquisition which the shares are acquired (INR crores) ReNew Hans Urja Private Limited 137.9 ReNew Solar Photovoltaic Private Limited 118.4 ReNewWind Energy (Karnataka 3) Private 79.2 Limited ReNew Wind Energy (MP Four) Private 71.1 Limited ReNew Wind Energy (Karnataka 4) Private 86.7 Limited ReNew Agni Power Private Limited 95.5 Particulars Details 9. Percentage of shareholding / %age control Name of the Company shareholding acquired and / or number of shares being acquired acquired ReNew Hans Urja Private Limited 100% ReNew Solar Photovoltaic Private Limited 100% ReNew Wind Energy (Karnataka 3) Private 100% Limited ReNew Wind Energy (MP Four) Private Limited 100% ReNew Wind Energy (Karnataka 4) Private 100% Limited ReNew Agni Power Private Limited 100% 10. Briefbackgroundabouttheentityacquired ReNew Hans Urja Private Limited in terms of products/line of business acquired,date ofincorporation, historyof Date of incorporation 8 June 2021 last 3 years turnover, country in whichthe Description of business Generation and supply of power acquired entity has presenceandany other from renewable sources and significant information (inbrief) project development for such assets including associated transmission infrastructure. Date of commencement of For first 300 MW – 28 July business1 2024 For remaining 300 MW (commissioned in part) - (a) 28 July 2024 for 100 MW; (b) 29 August 2024 for 100 MW; (c) 29 October 2024 for 50 MW; and (d) 23 December 2024 for 50 MW Turnover (INRcrores [Showing first 8,000 characters — download PDF for full document]