Acquisition

Dated: 12.08.2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai – 400001. Bandra (E), Mumbai – 400051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ Dear Sir / Madam, Sub: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Further Investment in BECIS Solar 5 Private Limited for procurement of Solar Power This is further to our intimation dated 13th November, 2025, 14th November, 2025 and 12th January, 2026 regarding Investment in BECIS Solar 5 Private Limited (“BECIS”) for procurement of Solar Power. We would like to inform you that the Company has subscribed to and have been allotted 2,60,48,649 equity shares of face value Rs. 1/- each fully paid up of BECIS, for cash at par, aggregating to Rs. 2.60 crore, on a rights issue basis dated August 10, 2026. With the aforesaid subscription and allotment, the Company has completed its commitment in respect of the said transaction. Pursuant to the aforesaid investment, GRP Limited holds 26.43% of shareholding in the BECIS. Details as required under Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 is enclosed herewith. Request you to take the same on your records. Thanking you, For GRP Limited Sonal Jaju Company Secretary & Compliance Officer Encl.: a/a Annexure Sr. No. Particulars Details a) Name of the target BECIS Solar 5 Private Limited (“BECIS”), incorporated on 8th entity, details in July, 2025 is in the process of setting up a 8 MW solar power brief such as size, project located in the distribution area of Dakshin Gujarat Vij turnover etc. Company Limited, as a captive generating station to supply power from the Project to the company on a long-term basis. Share Capital Particulars (as on date) Authorised Rs. 10.46 Crores, divided into 10,46,00,000 equity shares of Rs.1 each Issued and Rs. 9.99 Crores, divided into 9,99,00,000 Paid up equity shares of Rs.1 each Turnover: NIL (BECIS was incorporated on 8th July 2025 and yet to start the operations). b) Whether the The investment is a related party transaction and is on an acquisition would arm's length basis. fall within related party transaction(s) None of the Company’s promoter / promoter group / other and whether the group companies has any interest in the above investment promoter/ promoter except to the extent of their shareholding, if any. group/ 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”. c) Industry to which the entity being Solar Power. acquired belongs. d) Objects and impact The investment by the Company is in compliance with the of acquisition provisions of Electricity Rules, 2005 in terms of which the (including but not Company, as a captive user, is required to own 26% limited to, disclosure proportionate ownership in BECIS. of reasons for This strategic investment enables the Company to procure acquisition of target solar power at a preferential tariff for its manufacturing units entity, if its business based in Gujarat, thereby reducing overall energy costs and is outside the main utilising environment friendly renewable green and sustainable line of business of energy. the listed entity). e) Brief details of any governmental or regulatory approvals Not applicable. required for the acquisition f) Indicative time The equity shares are allotted on August 10, 2026. period for completion of the acquisition g) Consideration - whether cash consideration or Cash consideration. share swap or any other form and details of the same h) Cost of acquisition Rs. 2.60 crores. and/or the price at which the shares are acquired i) Percentage of Number of shares of BECIS acquired: shareholding / 2,60,48,649 Equity Shares. control acquired and / or number of Percentage of shareholding: shares acquired The GRP Limited holds 26.43% of paid-up share capital of BECIS. j) Brief background BECIS is in the process of setting up a 8 MW solar power about the entity project located in the distribution area of Dakshin Gujarat Vij acquired in terms of Company Limited, Gujarat, as a captive generating station as products/line of provided under the Electricity Act and Electricity Rules to business acquired, supply power from the Project to the company on a long-term date of basis. incorporation, history of last 3 Date of Incorporation: 8th July, 2025. years turnover, country in which the Turnover of last 3 years: NIL (BECIS was incorporated on 8th acquired entity has July, 2025 and yet to start the operations). presence and any other significant Country in which the acquired entity has presence: India. information (in brief)