Acquisition

JKLC: SECTL:SE :26 5th August 2026 1 BSE Ltd. 2 National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Through: BSE Listing Centre Through: NEAPS Security Code No. 500380 S y m b o l : JKLAKSHMI, Series: EQ Dear Sir/Madam, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') This is to inform you that the Board of Directors at its meeting held today i.e., 5th August 2026, which commenced at 2:00 P.M. and concluded at 3:45 P.M. considered and approved, inter-alia, an investment upto ₹ 20.50 Crore in Equity Shares of STLC RE 1 Limited, a Special Purpose Vehicle for purchase of solar power under the applicable group captive power route. The details required in terms of 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, are provided in Annexure I. Thanking you and assuring you our best co-operation at all times. For JK Lakshmi Cement Limited (Amit Chaurasia) Company Secretary Encl: a.a. ANNEXURE I Sl. No. Particulars Information 1. Name of the target entity, details in STLC RE 1 Ltd. (“STLC”) brief such as size, turnover etc. Registered Office: Link House, 4th Floor, 3, Bahadur Shah Zafar Marg, I.P. Estate, New Delhi - 110002 Other details for the Financial Year ended 31st March 2026 are as under:- (i) Turnover - Nil (ii) Profit after tax - (₹ 61,808.00) (iii) Net worth - ₹ 38,192.00 2. Whether the acquisition would fall Yes within related party transaction(s) and whether the promoter/ promoter The member of the Promoter Group (Sago group/ group companies have any Trading Limited) of the Company holds interest in the entity being acquired? 100% Issued, Subscribed and Paid-up If yes, nature of interest and details Equity Share Capital of STLC. thereof and whether the same is done at "arm's length". The proposed transaction is being done at "arm's length" basis, which is also approved by the Audit Committee of the Company. 3. Industry to which the entity being Generation and Distribution of Solar Power acquired belongs. 4. Objects and impact of acquisition The Company has been continuously (including but not limited to, exploring the possibility of increasing the disclosure of reasons for acquisition Sourcing of Renewable Power to reduce the of target entity, if its business is cost of power at its various Plant locations. outside the main line of business of the listed entity). In this connection, it is proposed to setup a 29MW AC / 42 MWP DC Solar Power Plant along with 28 MWh Battery Energy Storage System (BESS) for Company’s Integrated Cement Plant at Sirohi in Rajasthan, under the group captive power route by acquiring Sl. No. Particulars Information and maintaining minimum 26% Equity Shares in STLC as per the applicable Laws. This would enable the Company to get Solar Power at a very competitive market rate. 5. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition. 6. Indicative time period for completion By 31st December 2026 of the acquisition. 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same. 8. Cost of acquisition or the price at Cost of acquisition: upto ₹ 20.50 Crore which the shares are acquired. 9. Percentage of shareholding / control The Company will acquire minimum 26% acquired and / or number of shares Equity Shares of STLC. acquired. 10. Brief background about the entity STLC was incorporated on 18th March 2025. acquired in terms of products/line of For other details, please refer to the business acquired, date of information given at Sr. No. 1 and 3 above. incorporation, history of last 3 years turnover, country in which the Country in which the acquired entity has acquired entity has presence and any presence : India. other significant information (in brief).