Agreements

23rd June, 2026 National Stock Exchange of India Limited BSE Limited (“BSE”), (“NSE”), Corporate Relationship Department, The Listing Department 2nd Floor, New Trading Ring, “Exchange Plaza”, 5th Floor P.J. Towers, Dalal Street, Plot No. C/1, G Block, Bandra-Kurla Complex Mumbai – 400 001. Bandra (East), Mumbai – 400 051. NSE Symbol: SULA BSE Scrip Code: 543711 ISIN: INE142Q01026 ISIN: INE142Q01026 Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Continual disclosure relating to purchase of identified Assets at Domaine Chandon India Ref: Intimation dated 25th March, 2026 w.r.t. purchase of identified assets under Asset Purchase Agreement entered into between Artisan Spirits Private Limited (“ASPL”), Wholly owned subsidiary of Sula Vineyards Limited and Moët Hennessy India Private Limited This is in furtherance to our disclosure dated 25th March, 2026 in compliance with Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. HO/ 49/ 14 /14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026, regarding execution of Asset Purchase Agreement (“APA”) as entered between Artisan Spirits Private Limited (ASPL), a wholly owned subsidiary of the Company, with Moët Hennessy India Private Limited (“MHIP”), a wholly-owned subsidiary of Moët Hennessy (part of the LVMH - Louis Vuitton Moët Hennessy group) (“Seller”), for purchase of identified assets comprising the land, building, plant and machinery and related assets forming the estate of Domaine Chandon India, located in Dindori, Nashik for an aggregate consideration of Rs. 20 crore (excluding inventory, taxes, and statutory levies), subject to the fulfilment of the closing conditions as provided in the said APA. We hereby inform that ASPL has paid the initial consideration in accordance with the said APA and has executed and registered a Sale Deed with MHIP on 23rd June, 2026 (“Closing date”), pursuant to which ASPL has acquired and taken possession of the identified assets forming part of the Domaine Chandon India estate. The balance consideration in relation to the transaction shall be discharged by ASPL in accordance with the terms and timelines specified under the APA which inter-alia includes payment towards acquired inventory and payment of the remaining consideration aggregating to Rs. 5 crore which is payable within 12 months from the closing date. The requisite details of the proposed transaction, as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/ 49/ 14 /14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, is enclosed herewith as Annexure A. This above information will also be made available on the website of the Company at https://sulavineyards.com/investor-relations.php You are requested to take the above information on your record. Thanking you, For Sula Vineyards Limited Gayathri Iyer Company Secretary and Compliance Officer Membership No: A38069 Encl: a/a Annexure –A Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master Circular No. HO/ 49/ 14 /14(7)2025-CFD- POD2/I/3762/2026 dated 30th January, 2026 S. No. Particulars Details 1 Name of the entity(ies) with Moët Hennessy India Private Limited (“MHIP”) , a whom agreement/JV is wholly-owned subsidiary of Moët Hennessy (part of the signed LVMH - Louis Vuitton Moët Hennessy group) 2 area of agreement/JV Execution of Sale Deed dated 23rd June, 2026 between Artisan Spirits Private Limited (“ASPL”), a wholly owned subsidiary of the Company, and MHIP pursuant to the Asset Purchase Agreement (“APA”) dated 25th March, 2026, for acquisition of identified immovable assets forming part of the Domaine Chandon India estate situated at Dindori, Nashik. 3 domestic/international Domestic 4 share exchange ratio / JV ratio Not applicable 5 scope of business operation In furtherance of the APA and the stock exchange of agreement / JV intimation dated 25th March, 2026, ASPL has paid the Initial consideration and executed the Sale Deed today, i.e. 23rd June, 2026 (“Closing date”) for purchase of identified assets comprising of land, building, plant and machinery and related assets forming the estate of Domaine Chandon India, located in Dindori, Nashik by ASPL from MHIP. The Domaine Chandon India is strategically located in Dindori, Nashik, where the Company already operates its own winery, thereby enabling efficient operational management and connectivity. The transaction is expected to enhance wine tourism business, which continues to be its strongest growth segment, and has the potential to establish an additional destination in Dindori, which is expected to contribute to the next phase of growth in this segment. 6 details of consideration Pursuant to execution of APA and upon satisfaction of the paid/ received in applicable closing conditions and completion of the agreed closing deliveries in the said APA, ASPL has agreement/JV acquired and taken possession of the identified assets from MHIP. In connection therewith, ASPL has discharged payment of Initial consideration of Rs. 14,85,70,000 (Indian Rupees Fourteen Crore Eighty-Five Lakh Seventy Thousand Only) towards acquisition of the identified immovable assets pursuant to execution and registration of Sale Deed, in accordance with the terms of the said APA. The balance consideration in relation to the transaction shall be discharged by ASPL in accordance with the terms and timelines prescribed under the APA which inter-alia includes payment towards the acquired inventory, determined in accordance with the agreed mechanism under the APA, and remaining consideration aggregating to Rs. 5 crore payable within 12 months from the closing date. 7 significant terms and Upon payment of the initial consideration of Rs. conditions of agreement / JV 14,85,70,000 (Indian Rupees Fourteen Crore Eighty-Five in brief Lakh Seventy Thousand Only) and execution of the aforesaid Sale Deed today, ASPL has acquired and taken possession of the identified assets from MHIP. Pursuant to the Sale Deed executed on 23rd June, 2026, ASPL has acquired the identified immovable assets forming part of the Domaine Chandon India estate situated at Dindori, Nashik and has taken possession thereof. The balance consideration, including payment towards the acquired inventory and the remaining consideration, shall be discharged by ASPL in accordance with the terms and timelines specified under the APA dated 25th March, 2026. 8 whether the acquisition would The proposed transaction does not constitute a related fall within related party party transaction, as neither the promoter, the promoter transactions and whether the group, nor the group companies of the Company hold any promoter/ promoter group/ interest in the Seller entity. group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 9 Size of the entity(ies) Not applicable, as the transaction pertains to purchase of identified assets and not acquisition of the Seller entity. 10 rationale and benefit expected Refer point (5) above.