Full and Final Settlement w.r.t. Insolvency petition filed against Sherisha Solar LLP and completion of internal restructuring.

August 14, 2026 The BSE Limited 1 Floor, New Trading Wing, Rotunda Building PSehciruorziety J eCeojedeeb:h 5o3y1 T2o6w0ers, Dalal Street, Fort M umbai – 400001, Maharashtra RE: Disclosure under R egulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026 (“SEBI Circular”). Subject: Full & Final Settlement pursuant to Insolvency petition �iled against Sherisha Solar LLP [a strategically important step-down subsidiary entity and completion of internal restructuring (disclosed vide announcement dated May 21, 2025). D ear Sir / Madam, T his is in continuation of our earlier intimations dated May 21, 2025, November 18, 2025 a(n“dS IALuRgEuSs”t) 08, 2026. (“SS-LLP”) We would like to inform our stakeholders that SILRES Energy Solutions Private Limited had �iled a petition against Sherisha Solar LLP , a strategically importantstep-down wholly-owned sub(s“idNiCaLrTy ”o)f the Company (through Refex Green Power Limited, a wholly-owned subsidiary of the Company) under Section 7 of the Insolvency and Bankruptcy Code, 2016 before the National Company Law Tribunal, Chennai Bench . Further, the Company also �iled an Oppression & Mismanagement petition against SILRES under Section 241 & 242 of the Companies Act, 2013 before the National Company Law Tribunal, Chennai Bench. During the course of hearings of the above matters NCLT vide its interim order dated January 30, 2026, ordered the parties to explore to sort out the issues amicably (refer our communication dated February 04, 2026). Pursuant to the above directions by the NCLT, the Company and SILRES have been in negotiations to settle the on- going disputes/ litigations and other matters related thereto. In this regard, SS-LLP, SILRES, RRIL and other related entities had entered into a Binding Memorandum of Understanding (“ ”) on August 07, 2026, for resolution of the disputes and implementation of the actions set out below. We would like to further update our stakeholders that in accordance with the MOU, the concerned parties have entered into de�initive agreements on August 14, 2026. (copy of disclosure attached herewith) Pursuant to the above, the following actions have been completed in accordance with the MOU dated August 07, 2026 and the de�initive agreements resulting into full & �inal settlement of t1he. dFisuplul taens:d Final Settlement to SILRES by SS-LLP and Withdrawal of Section 7 Proceedings (Refer earlier disclosures dated Nov. 18, 2025 & Feb. 04, 2026) SS-LLP has paid an amount of ₹16,51,26,975/- as against the loan liability of ₹33,39,39,339/- towards a full and �inal settlement. SILRES shall withdraw the petition �iled against SS-LLP, under Section 7 of the Insolvency and Bankruptcy Code, 2016, and the same will be updated in due course of time. In response to the petition �iled by SILRES, SS-LLP had �iled an application against SILRES under Section 65 of the Insolvency and Bankruptcy Code, 2016 before the National Company Law Tribunal, Chennai Bench, which shall also be withdrawn. The petition �iled by the Company against SILRES under Sections 241 and 242 of the Companies Act, 2013 before the Hon'ble National Company Law Tribunal, Chennai Bench, shall also be withdrawn. Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com 2. Implementation of earlier approved Corporate Actions (Refer earlier disclosure dated May 21, 2025) (“Ishaan Solar”) a) Transfer of Ishaan Solar Power Private Limited , a wholly-owned subsidiary of the Company to SILRES for a mutually agreed consideration of ₹3,92,58,420/-. It is pertinent to note that Ishaan Solar also holds the entire share capital of SEI Tejas Private Limited, which is a wholly owned subsidiary of Ishaan Solar. August 14, 2026. Consequent to the above, Ishaan & SEI Tejas have ceased to be wholly-owned subsidiaries of the Company, w.e.f. (“Avyan”) b) Transfer of its 1,00,000 (0.064%) equity shareholding (on a fully diluted basis) in SILRES, by the Company to Avyan Pashupathy Capital Advisors Private Limited for a mutually agreed consideration of ₹10,00,000/“-S. U NEDISON” c) Transfer of trademarks by the Company to SILRES for a mutually agreed consideration of ₹1,00,00,000/-. It is relevant to note that pursuant to the change in name of the Company from SunEdison Infrastructure Limited to Refex Renewables & Infrastructure Limited on October 25, 2022, these trademarks have not been used by the Company. You are requested to take the above information on record and disseminate the same on your website. Thanking you. For Refex Renewables & Infrastructure Limited Y ours faithfully, Vinay Aggarwal Company Secretary & Compliance Of�icer ACS-39099 Refex Renewables & Infrastructure Limited A Refex Group Company Registered Office: 2nd Floor, Refex Towers, Sterling Road Signal, 313, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034, Tamil Nadu P: 044 4340 5950 | E: cs@refexrenewables.com | W: www.refexrenewables.com August 08, 2026 The BSE Limited (cid:883)(cid:149)(cid:150)(cid:9)(cid:142)(cid:145)(cid:145)(cid:148)(cid:481)(cid:3)(cid:17)(cid:135)(cid:153)(cid:3)(cid:23)(cid:148)(cid:131)(cid:134)(cid:139)(cid:144)(cid:137)(cid:3)(cid:26)(cid:139)(cid:144)(cid:137)(cid:481)(cid:3)(cid:21)(cid:145)(cid:150)(cid:151)(cid:144)(cid:134)(cid:131)(cid:3)(cid:5)(cid:151)(cid:139)(cid:142)(cid:134)(cid:139)(cid:144)(cid:137) (cid:19)(cid:138)(cid:139)(cid:148)(cid:145)(cid:156)(cid:135)(cid:3)(cid:13)(cid:135)(cid:135)(cid:140)(cid:135)(cid:135)(cid:132)(cid:138)(cid:145)(cid:155)(cid:3)(cid:23)(cid:145)(cid:153)(cid:135)(cid:148)(cid:149)(cid:481)(cid:3)(cid:7)(cid:131)(cid:142)(cid:131)(cid:142)(cid:3)(cid:22)(cid:150)(cid:148)(cid:135)(cid:135)(cid:150)(cid:481)(cid:3)(cid:9)(cid:145)(cid:148)(cid:150) (cid:16)(cid:151)(cid:143)(cid:132)(cid:131)(cid:139)(cid:3)(cid:514)(cid:886)(cid:882)(cid:882)(cid:882)(cid:882)(cid:883)(cid:481)(cid:3)(cid:16)(cid:131)(cid:138)(cid:131)(cid:148)(cid:131)(cid:149)(cid:138)(cid:150)(cid:148)(cid:131) Security Code: 531260 RE: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026 (“SEBI Circular”). Subject: Memorandum of Understanding for settlement pursuant to Insolvency petition (cid:976)iled against Sherisha Solar LLP [a strategically important step-down subsidiary entity of Refex Renewables & Infrastructure Limited ("Company")]. (cid:7)(cid:135)(cid:131)(cid:148)(cid:3)(cid:22)(cid:139)(cid:148)(cid:3)(cid:512)(cid:3)(cid:16)(cid:131)(cid:134)(cid:131)(cid:143)(cid:481) (cid:23)(cid:138)(cid:139)(cid:149)(cid:3)(cid:139)(cid:149)(cid:3)(cid:139)(cid:144)(cid:3)(cid:133)(cid:145)(cid:144)(cid:150)(cid:139)(cid:144)(cid:151)(cid:131)(cid:150)(cid:139)(cid:145)(cid:144)(cid:3)(cid:145)(cid:136)(cid:3)(cid:145)(cid:151)(cid:148)(cid:3)(cid:135)(cid:131)(cid:148)(cid:142)(cid:139)(cid:135)(cid:148)(cid:3)(cid:139)(cid:144)(cid:150)(cid:139)(cid:143)(cid:131)(cid:150)(cid:139)(cid:145)(cid:144)(cid:149)(cid:3)(cid:134)(cid:131)(cid:150)(cid:135)(cid:134)(cid:3)(cid:16)(cid:131)(cid:155)(cid:3)(cid:884)(cid:883)(cid:481)(cid:3)(cid:884)(cid:882)(cid:884)(cid:887)(cid:481)(cid:3)(cid:17)(cid:145)(cid:152)(cid:135)(cid:143)(cid:132)(cid:135)(cid:148)(cid:3)(cid:883)(cid:890)(cid:481)(cid:3)(cid:884)(cid:882)(cid:884)(cid:887)(cid:481)(cid:3)(cid:9)(cid:135)(cid:132)(cid:148)(cid:151)(cid:131)(cid:148)(cid:155)(cid:3)(cid:882)(cid:886)(cid:481)(cid:3)(cid:884)(cid:882)(cid:884)(cid:888)(cid:484) (cid:26)(cid:135)(cid:3)(cid:148)(cid:135)(cid:136)(cid:135)(cid:148)(cid:3)(ci [Showing first 8,000 characters — download PDF for full document]