Outcome of Board Meeting

:UTLSOLAR E. I==I November 05, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (E), Mumbai 400 051 Mumbai 400 001 Maharashtra, India Maharashtra, India Scrip Symbol : UTLSOLAR Scrip Code: 544613 Subject: Outcome of the Board Meeting held today i.e. November 05, 2026 Dear Madam / Sir, With reference to the captioned subject, we wish to inform you that, pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Board of Directors of Fujiyama Power Systems Limited (“the Company”), at its meeting held today, i.e., Thursday, November 05, 2026, upon the recommendation of the Audit Committee, has considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026, along with the Limited Review Reports of the Statutory Auditors thereon, which are enclosed herewith. The meeting commenced at 04:00 P.M. (IST) and concluded at 05:30 P.M. (IST). The above information is also being made available on the website of the Company at https://www.utlsolarfujiyama.com/ Kindly take the same on record. Thanking you, Yours faithfully, For Fujiyama Power Systems Limited (Formerly Fujiyama Power Systems Private Limited) MAYURI Digitally signed by MAYURI GUPTA GUPTA Date: 2026.11.05 17:58:51 +05'30' Mayuri Gupta Company Secretary and Compliance Officer M. No.: A75210 Enc: As above FUJIYAIWA POWER SYSTEMS LIMITED (Formerly Fujiyama PowerSystems Private Limited) 53A/6, NearNDPI..GridOflicc.NearMetroStation. IndustrialArea. Sat Guru Ram Singh \larg, Delhi llools, India CIN - l.31909DL2017PLC326513. GSTNo- 07AADCF2634FlZY +91 99683095l4, 99683095I7, E-mail: investorqiutlsolarfujiyamancom S N Dhawari 8: CO LLP 51-52, Sector 18, Phase-IV, Udyog Vihar, Gurugram, Haryana 122016, India Tel +91 124481 4444 Review Reporton Unaudited Standalone Financial Results To the Board of Directors of Fujiyama Power Systems Limited (formerly known as Fujiyama Power Systems Private Limited) 1. Wehavereviewedtheaccompanying statementofunaudited standalonefinancial resultsofFujiyama Power Systems Limited ("theCompany")forthequarterand halfyearended 30 September2026 ("theStatement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange BoardofIndia(Listing Obligationsand Disclosure Requirements) Regulations, 2015,asamended (the "Listing Regulations"). 2. This Statement, which is the responsibility ofthe Company's Management and approved by the Board of Directors, has been prepared in accordancewith the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34'), prescribed underSection 133 of the Companies Act, 2013 ("the Act"), other accounting principles generally accepted in India and in compliance with Regulation 33 ofthe Listing Regulations. Our responsibility is to express a conclusion on the Statementbased on ourreview. 3. Weconducted ourreviewoftheStatementinaccordancewiththeStandardon ReviewEngagements (SRE) 2410'ReviewofInterim Financial InformationPerformed bythe IndependentAuditoroftheEntity', issued by the Institute ofChartered Accountants ofIndia. A review ofinterim financial information consists ofmaking inquiries, primarilyofpersons responsible forfinancial and accounting matters, and applying analytical and otherreviewprocedures. Areviewis substantially less in scopethan an auditconducted in accordancewith Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware ofall significant mattersthatmight be identified in an audit. Accordingly, wedo notexpress an audit opinion. 4. Based on ourreviewconducted as above, nothing has come to ourattention thatcauses us to believe that theaccompanying Statement, prepared in accordancewiththerecognitionand measurementprinciples laid down in theaforesaid Ind ASandotheraccounting principles generallyaccepted in India, has notdisclosed theinformation requiredto be disclosed intermsofRegulation33 ofthe Listing Regulations, 2015, including the mannerinwhich itis to bedisclosed, orthatitcontains any material misstatement. 5. Wedrawattentionto note no. 3 oftheaccompanying Statement, which statesthata majorfirebroke outon 06 May 2026 in one ofthe Company's production facilities located in Bawal, District Rewari, Haryana. The incidentresultedin damageto building structures, plantand machineryand inventories havinganaggregate carrying valueofRs. 1,435.81 million, which has been recognised as an exceptional item in the Statement, forthe reasons stated inthesaid note. Ourconclusion is notmodified in respectofthis matter. ForS N Dhawan & CO LLP CharteredAccountants IFtirm Registration No.; 000050N/N500045 I '1 0- . ,A / ul Singhval Partner Membership No.: 096570 GURUURAM UDIN No.: v»m1o .-r ._£>']i ir,-Vli§'*~IW§l-4- 9¢ . * Place: Gurugram Date: 05 November2026 SNDhawan&COLLPisregisteredwithlimitedliabilitywithidentificationnumberAAH-1125anditsregisteredofficeis108,MercantileHouse,15KasturbaGandhlMarg.NewDelhl110001,India s N Dhawa 412 n & co LLP 51-52, Sector 18, Phase-Iv, Udyog Vihar, Gurugram, Haryana 122016, India ..in a...I Tel +91 124 481 4444 Review Reporton Unaudited Consolidated Financial Results To the Board of Directors ofFujiyama Power Systems Limited (formerly known as Fujiyama Power Systems Private Limited) 1. Wehave reviewedtheaccompanying statementofunauditedconsolidatedfinancial resultsofFujiyama Power Systems Limited ("the Holding Company") and its share of the net loss after tax & total comprehensive loss of its associates for the quarter and half year ended 30 September 2026 ("the Statement"), being submitted bythe Holding Company pursuanttothe requirementofRegulation 33 of theSecuritiesand Exchange BoardofIndia("SEBI") (ListingObligationsand DisclosureRequirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility ofthe Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurementprinciples laid down in IndianAccounting Standard 34 'Interim Financial Reporting' ("lnd AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act"), other accounting principles generally accepted in India and in compliancewith Regulation 33 ofthe Listing Regulations. Our responsibility is to express a conclusion on the Statementbased on ourreview. 3. We conducted our review ofthe Statement in accordancewith the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists ofmaking inquiries, primarily of persons responsible forfinancial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an auditconducted in accordancewith Standards on Auditing and consequently does notenable us to obtain assurance thatwe would become aware ofall significant matters that might be identified in an audit. Accordingly, we do notexpress an auditopinion. Wealsoperformed procedures in accordancewith thecircularissued bytheSEBI underRegulation 33 (8) ofthe Listing Regulations, tothe extentapplicable. 4. The Statement includes the results ofthe following entities: a) Fujiyama PowerSystems Limited ("the Holding Company") b) Zayo Cables Private Limited ("theAssociate Company w.e.f25 April 2026") c) Zayo Energy Private Limited ("theAssociate Company w.e.f25 April 2026") 5. Based on ourreviewconducted and procedures pe [Showing first 8,000 characters — download PDF for full document]