Investor Presentation for Q1 FY 27 Results

August 17, 2026 National Stock Exchange of India Limited Bombay Stock Exchange Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400051 Mumbai – 400001 SYMBOL: SOLEX Scrip Code: 544862 Sub.: Investor Presentation for Post Earning Conference Call Dear Sir / Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith the Investor Presentation along with key highlights for the Quarter ended June 30, 2026 for the Post Earning Conference Call scheduled on August 17, 2026. Kindly take the same on the record. Thanking you, Yours faithfully, For, Solex Energy Limited Azmin Chiniwala Company Secretary & Compliance Officer Membership No. A68339 Encl.: Investor Presentation for Post Earning Conference Call Solex Energy Limited Investor Presentation Q1 FY27 August 2026 www.solex.in Contents Company Overview Financial Highlights Research & Development Prowess Management Team Industry Tailwinds Appendix Accelerating Growth Through Capex www.solex.in Robust Financial Performance Driven by Execution Excellence Commenting on the performance of Q1 FY27, Dr. Chetan Shah, Chairman & Managing Director of Solex Energy Ltd. said, “Q1 is seasonally the softest quarter for our industry, and this year the quarter also saw the market move into a wait-and-watch mode following the clarification on the ALMM timeline in late May. What I would emphasise is that these are timing shifts and not cancellations, and our order book of approximately ₹3,400 crore remains intact regardless of the ALMM outcome Alongside this, we have strengthened our growth platform through the ₹4,000 crore proposed integrated solar cell and BESS manufacturing ecosystem in Gujarat, the ₹628.37 crore N-Type TOPCon module order from a global renewable energy group in July 2026, secured ₹42.47 crore order received in August 2026 and received an LOI for a further ₹175 crore order, with the MSA currently at the signing stage, with this total ₹845.84 crore order has been targeted for execution before December 31, 2026 and we are proud to have completed our listing on the BSE, which broadens our investor base. Our business is inherently H2-weighted, and our priority for the rest of the year is straightforward: ramp utilisation across all four module lines, convert the pipeline into confirmed orders and progress our cell manufacturing project on schedule, while building a resilient, technology-led clean-energy platform for the long term.” Dr Chetan Shah Chairman & Managing Director Company Overview www.solex.in Solex in a Brief Legacy Build Business & Industry Q1 FY27 Financial over 3 Decades Tailwinds Excellence 4 GW Ability to Manufacture Total Revenue Solar PV modules Module Capacity INR 2,656 Mn, deploying P-Type up 1.76% YoY Mono PERC and N-Type TOPCon Technology Domestic & International Business Certifications EBIDTA INR 338 Mn 7 Countries Export Presence in Europe, INR 34,000 Mn North America and Africa Order Book & Visibility PAT (as on 30th June 2026) INR 83 Mn 10,000+ Projects Successful Projects Executed Net Debt-to-Equity One of the First to (FY26) 3 Million+ Get Listed under 0.57 : 1 Modules Shipped ALMM Automation & Manufacturing Excellence – TT Vision, Malaaysia Geographic Presence & Strategic collaboration • Germany Strategic Global Partnerships Driving Technology & Automation Excellence Technology & R&D Collaboration – ISC Konstanz, Germany • Upgrade of TOPConcell line • Adoption of Rear Contact & Tandem technologies • Dedicated in-house R&D line • Launch of TAPI Rear Contact (TRC) • Up to 700+Wp Modules • Commercial production by 2027 • USA • UAE Automation & Manufacturing Excellence – TT Vision, Malaaysia, • South Africa China Presence across 22+ states and International markets • Advanced solar automation & inspection systems • • Engineer training (China, Malasia & India) Expanded footprint across US, Europe, Africa & Middle East • GMP, Lean & Six Sigma implementation Added 2,500+ professionals, strengthening organizational capability • Process optimisation & NPI support • Preferential access to automation technologies Our Transformation Towards a Fully Integrated Solar Company Renamed ‘Solex Energy Founded ‘Sun Manufactured Pvt. Ltd. & expanded Energy Systems. ‘Solar PV Modules Module capacity to 30MW Listed on the NSE Formative Years (1995 – 2018) 1995 2007 2014 2018 Chetan Shah joined as a Achieved 4 GW of promoter with 12+ years Introduced Tapi module capacity in of experience in module Launched a State Products & formed November 2025 and manufacturing, having of Art Facility with a OEM Partnership Introduction of Migration to NSE founded ‘Goldi Solar’ capacity of 700 MW with Global Brands Tapi - R Series Main Board Gaining Sound Industry Footing (2019– 2025) 2019 2022 2023 2024 2025 Expand module capacity to 10 GW with advance Rear Contact, and HJT Commissioning of Delivered 200+ EPC new 2.2 GW N-type BESS- 5 GW Additional 3 GW Technologies and cell to 10 GW with projects across sectors Cell Capacity advance technology ; Foray into 2 Gw TOPCon Cell Line Ingot Wafer & 5 GW BESS Gearing up Manufacturing for Growth (2026 – 2030) 2026 2027 2028 2029 2030 Strong Foundation Pillars for Tapping the Sunrise Industry Robust Financial Deep Partnership State-of-the-Art Industry Management Capacity Track Record & & Diversified Capacity and Tailwinds & Expertise Expansion Plans Balance Sheet Product Portfolio R&D Prowess Strong Order Book Strength • Fully automated & • Module • Led by Dr. • Strategic MoUs state-of-the-art • Government Manufacturing • Impressive Chetan Shah with leading solar PV initiatives like PM- Financial Track (Chairman & domestic and manufacturing Surya Ghar Muft Current Capacity: Record Managing international facility in Surat Bijli Yojana, PM • 4 GW (FY22-26: CAGR) Director - Solex brands for with an in-house KUSUM and PLI Target Capacity • Revenue: 1.2x Energy) with over module reliability test lab schemes for ACC • 10 GW (in FY30) • EBITDA: 2.5x battery storage to • PAT: 3.3x 3 decades of manufacturing professional • Employing benefit overall • Foray into Cell experience. • Diversified solar advanced solar module Manufacturing • Net Debt to portfolio technologies like manufacturing Target Capacity: Equity • Recognized spanning N-Type automation, industry • 2.2 GW (in 2027) • 0.57:1 as on 31st among the ‘100 and Tapi-R robotics, MES, and • 3 GW (in FY29) March 2026 Most Powerful modules, turnkey AI to enhance • ALMM & the • 5 GW (in FY30) signifying Solar Leaders’ by projects and productivity proposed ALCM balance sheet Solar Quarter asset from June 2026 to • Foray into 2 GW strength management • First Indian PV boost overall of Ingot Wafer • Under his module Indian Solar production (In guidance • Launched Tapi-R manufacturer to manufacturing Fy30) transformed the Series featuring achieve MCS 005 Company as N-Type TOPCon BSI Kitemark • Order Book & • Subsequently amongst one of rectangular-cell certification Visibility stands at exploring the most reliable technology leading to export INR 34,000 Mn as opportunity in provider of high market access in on 30st June 2026 BESS quality UK, Europe & US showcasing strong manufacturing affordable solar • Top Performer in revenue visibility • 5 GW (in Fy29) energy solutions KIWA 2026 • 5 GW (in Fy30) Manufacturing Edge & Capabilities Manufacturing Edge & Capabilities MANUFACTURING EDGE BENEFITS OF MES Fully automated high speed Production facility with global End-to-End Traceability standards Quality Management Al & AOl for superior quality control Production Scheduling & Monitoring 4 GW module production capacity achieved in Nov 2025 Data Integration & Automation State-of-the-Art Manufacturing Facility Built for TOPCon technology for higher efficiency Scale. Driven by Technology. Regulatory & Customer Compliance MANUFACTURING CAPABILITIES Scalable & cost-efficient Stra [Showing first 8,000 characters — download PDF for full document]