Acquisition

August 20, 2026 National Stock Exchange of India Limited (NSE) BSE Limited (BSE) Exchange Plaza, Phiroze Jeejeebhoy Towers, C-1, Block G Bandra Kurla Complex Dalal Street, Fort, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Scrip Code: ELGIEQUIP Scrip Code: 522074 Dear Sir/Madam, Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that, the Company has today, entered into a Share Subscription and Shareholders’ Agreement and Power Purchase Agreement with Constronics Energy Solution Private Limited (“SPV”) to acquire 18.01% of share capital. The relevant details as required under the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure. The above intimation is also being hosted on the website of the Company at www.elgi.com. We request to kindly take the above intimation on records. Thanking you, Yours faithfully FOR ELGI EQUIPMENTS LIMITED ROHIT GUPTE COMPANY SECRETARY & COMPLIANCE OFFICER MEMBERSHIP NO.: A12422 Encl: as above Annexure Sl. No. Particulars Details a) name of the target entity, details in brief such as size, turnover etc.; Constronics Energy Solution Private Limited Date of Incorporation: December 03, 2024 Turnover: Financial Year ₹ (actuals) 2025-26 NIL 2024-25 NIL 2023-24 NIL Country in which the acquired entity has presence: India b) whether the acquisition would fall within related party transaction(s) No and whether the promoter/ promoter 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 acquired belongs Solar power d) objects and impact of acquisition (including but not limited to, The object is to comply with the minimum shareholding disclosure of reasons for acquisition of target entity, if its business is requirement, in compliance with the requirements under the outside the main line of business of the listed entity) Electricity Act, 2003 and the rules (including the Electricity Rules, 2005) and regulations made thereunder from time to time. The proposed investment envisages procurement of renewable energy for the consumption of the company over a tenure of 25 years with an objective of long-term tariff visibility and optimisation of power costs. e) brief details of any governmental or regulatory approvals required for NA the acquisition; f) indicative time period for completion of the acquisition August 20, 2026 g) consideration - whether cash consideration or share swap or any Cash other form and details of the same; h) cost of acquisition and/or the price at which the shares are acquired; ₹ 1,61,70,000/- i) percentage of shareholding / control acquired and / or number of 18.01% shares acquired j) brief background about the entity acquired in terms of products/line Same as a) above. of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);