Monitoring Agency Report for the quarter ended September 30, 2026

November 14, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 544532 Symbol: SOLARWORLD Subject: Monitoring Agency Report for the quarter ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report for the quarter ended September 30, 2026, in respect of utilisation of the proceeds raised through issuance of equity shares by way of Initial Public Offer (“IPO”) and Pre-IPO proceeds of the Company, as received from CRISIL Ratings Limited, the Monitoring Agency, on November 13, 2026. This intimation is also available on the website of our Company at www.worldsolar.in. We request you to kindly take the same on record. Thanking you. Yours faithfully, For Solarworld Energy Solutions Limited Varsha Bharti Company Secretary and Compliance Officer Membership No.: A37545 Encl.: A/a Crisil Ratings Monitoring Agency Report Solarworld Energy Solutions Limited for the quarter ended September 30, 2026 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India Phone: +91 22 6137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings CRI/MAR/SREGST/2026-27/2061 November 13, 2026 Solarworld Energy Solutions Limited 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi - 110 019, India Dear Sir/Madam, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Initial Public Offer (“IPO”) and Pre-IPO proceeds of Solarworld Energy Solutions Limited (“the Company”) Pursuant to Regulation 41(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated September 15, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of IPO and pre-IPO for the quarter ended September 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India Phone: +91 22 6137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings Report of the Monitoring Agency (MA) Name of the issuer: Solarworld Energy Solutions Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: No deviation in utilization towards objects. However, the Company has revised the object of the issue pursuant to shareholders' approval obtained through a special resolution. The unutilized proceeds are proposed to be deployed towards the revised object in the forthcoming quarters. Hence, the variation is on account of the change in object approved by the shareholders. (b) Range of Deviation: Not applicable Declaration: T\e declare that this report provides an objective view of the utilization of the issue proceeds and pre-IPO proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoeverfo,r loss or damage from the use of the said information. The views and opinions expressed Terein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this 1eport. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may Teceive separate compensatiofonr its ratings and certan credit-related analyses. VVe confirm that we do not perceive any confolf iintecretst in such relationship/interest while monitoring and reporting the utilization of the issue proceeds and pre-IPO proceeds by the issuer. Ve have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Conments of the Board of Directors”, that shall be captured by the Issuer’s Managem/e Anudtit Conmittee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibilitfoyr such comments of the issuer’s Managenent/Board. signature: Aeovel W Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India Phone: +91 22 6137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings Issuer Details: Name of the issuer: Solarworld Energy Solutions Limited Names of the promoter: a. Mr. Kartik Teltia b. Mr. Mangal Chand Teltia c. Mr. Rishabh Jain d. Mr. Sushil Kumar Jain e. Ms. Anita Jain f. Pioneer Facor It Infradevelopers Private Limited g Pioneer Securities Private Limited h. Pioneer Fincap Private Limited Industry/sector to which it belongs: Solar EPC 1) Issue Details 2.1 For proceeds raised from Initial Public Offer Issue Period: Monday, September 22, 2025, to Thursday, September 25, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: 4,400.00 million (Refer Note 1) Note 1: Particulars Amount (Rs in million) Gross proceeds from the Fresh Issue 4,400.00* Less: Issue Expenses 283.22 Net Proceeds 4,116.78 2.2 For Pre-IPO proceeds: Allotment date: November 21, 2024 Type of issue (public/rights): Preferential issue Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 1,100.00 million *Crisil Ratings shall be monitoring the gross proceeds and Pre-IPO Proceeds totalling to Rs 5,500.00 million. Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India Phone: +91 22 6137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings 2) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ :::slif‘;::g:s Comments of the | Comments of the Particulars Reply ered by Monitoring Board of Monitoring g Agency Directors Agency for preparation of report Statutory Auditor’s Certificate”, Management undertaking, SR Whether all utilization is as per the Yes Prospectus dated Nguurjt;hzzt:eon No Comments disclosures in the Offer Document? September 25, 2025 € X reported quarter (hereinafter referred as “Offer document”) Bank Statements Shareholder Whe.ther s.hareholder appr.oval ha.s been approval. ot.)tau.\ed Shareholder obtained in case of material deviatio [Showing first 8,000 characters — download PDF for full document]