Board meeting Outcome attached

November 03, 2026 BSE Limited 25th Floor, P J Towers, Dalal Street, Fort, Mumbai- 400 001 Scrip Code: 531550 Dear Sir/Madam, Subject.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) - Outcome of the Board Meeting In compliance of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held on Tuesday, November 03, 2026, has inter alia, considered and approved: 1. The Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with Independent Auditor's Limited Review Report. The said Financial Results were duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their respective meetings held today. 2. On the recommendation of Audit Committee, Acquisition of remaining 49% of the equity share capital of U R Energy (Solar) Private Limited from its existing shareholders. Consequent upon the above approval, the Company shall give effect to the acquisition. Upon completion of the acquisition of the Shares, U R Energy (Solar) Private Limited will become a wholly owned subsidiary of the Company. Further, the details as per Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the additional disclosures as required under the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are given in Annexure I. The meeting of the Board of Directors commenced at 04:30 p.m. and concluded at 06:00 p.m. Kindly take the same on your record. Thanking You, Yours Faithfully, For Jhaveri Credits and Capital Limited Gaurav Shrimankar Company Secretary & Compliance Officer Annexure-I The details required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/49/14/14(7) 2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 are given in below Particulars Details Name of the target entity, details Name of target Company U R ENERGY (SOLAR) PRIVATE in brief such as size, turnover etc. LIMITED Authorized Capital Rs. 1.00 Lakh Paid-up Capital Rs. 1.00 Lakh Turnover 0 Net worth -247540 Whether the acquisition would Yes, the parties of the transaction fall within the definition of “Related fall within related party Party” under section 2(76) of the Companies Act 2013 and regulation transaction(s) and whether the 2(1)[zb] of SEBI Listing Regulations, 2015, as follows: promoter/ promoter group/  U R Energy (Solar) Private Limited is considered as Related party group companies have any due to Promoter and Promoter group Company. interest in the entity being  The Acquisition is on Arm’s length basis. acquired? If yes, nature of interest and details thereof and whether the same is done at “arm's length” Industry to which the entity being Solar Energy acquired belongs Objects and effects of acquisition To carry on the business of manufacturing of solar panels, inverter, (including but not limited to, Cabels and other electronic accessories for installation of power plant as disclosure of reasons for well as production of solar energy from solar panels and supply of solar acquisition of target entity, if its energy. The business of the proposed Subsidiary is not outside the main business is outside the main line line of business of the Company of business of the listed entity) Brief details of any governmental Not applicable or regulatory approval for the required acquisition Indicative time period for Not applicable completion of the acquisition Nature of consideration whether Cash consideration cash consideration or share swap and details of the same Cost of acquisition or the price at Total Consideration is Rupees 49,000/- (Rupees Forty Nine Thousand which the shares are acquired only) Percentage of shareholding / 49% control acquired and/ or number of shares acquired Brief background about the entity Brief Background and Business: U R Energy (Solar) Private Limited carry acquired in terms of on the business of manufacturing of solar panels, inverter, cabels and products/line of business other electronic accessories for installation of power plant as well as acquired, date of incorporation, production of solar energy from solar panels and supply of solar energy. history of last 3-year turnover, Date of Incorporation: November 25, 2014 country in which the acquired entity has presence and any other Registered Office Address: office no. B/1, 901 to 906, 9th Floor, significant information (in brief) Palladium B/H.Divyabhaskarpress, Corporate Rd, Prahladnagar, Ahmedabad, India, 380015 Country in which the acquired entity has presence: India History/Turnover (Audited): FY: 23-24 - NIL FY: 24-25 – NIL FY:25-26- NIL You are requested to kindly take the above information on record.