General Updates

Ref: PRL/BSE&NSE/2026-2027/38. Tuesday, September 1, 2026 To, To, Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Dalal Street, Fort, Kurla Complex, Bandra (East), Mumbai 400 001. Mumbai - 400 051. Scrip Code: 544487 Symbol: PATELRMART Subject: Newspaper Advertisement – Notice of the 19th Annual General Meeting (“AGM”). Respected Sir/Madam, In continuation of our letter dated Monday, August 31,2026 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and the Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India (ICSI), please find enclosed herewith the copy of newspaper advertisement published today i.e., Tuesday, September 1, 2026, intimating that the 19th AGM of the Company is scheduled to be held on Wednesday, September 23, 2026 at 12:00 P.M. (IST) through VC/OAVM, in the following newspaper: 1. Business Standard 2. Pudhari (hereinafter referred to as said “Newspapers”) Furthermore the Clippings of the said newspaper publications are available on Website of the Company at https://patelrpl.in/investor-relations/. Kindly take the same on your records and disseminate the information accordingly. Yours Sincerely, For Patel Retail Limited Prasad Ramesh Khopkar (Company Secretary) Enclosure: Newspapers Page 1 of 1 photo:shutterstock A place in the sun sudheerpalsingh localsupplychainstheconfidenceto NewDelhi,31August investinspecialisedfloaters,anchoring systemsandaquatic-gradecomponents. TheUnionCabinethasapproveda Hesaidtheindustryseestheschemenot nationalschemeforfloatingsolarpower simplyasawaytoaddgigawattstothe projects,settinginmotionalarger grid,butasestablishingacomplete,self- debatearoundthetechnology,including sustainingmanufacturingsegment itspotentialintheIndianenergycon- withinIndia’ssolarecosystem. text,commercialviabilityandbenefits. ButcantheSuryaSarovarscheme Thetechnology,alsoknownasfloa- helpattract~28,000croreininvestment tovoltaicsorfloatingphotovoltaics tocreate5,000Mwofcapacity?Itis (FPV),placessolarpanelsonspecial possible,saidindustryexecutives, buoyantstructuresthatfloatonwater arguingthatthecombinationofpost- bodiessuchaslakes,reservoirsand commissioningCFAandtariff-based watertreatmentbasins,insteadofbeing competitivebiddingmirrorswhathas fixedonland.Thishelpsdoawaywith workedwithground-mountedsolar.A theneedforlargetractsofland—some- keyreasonforthisenthusiasmisthat thingsolarpowerplantsarenotorious manyofIndia’smajorreservoirsare for—andputwaterbodiestogooduse. situatedneartransmissionandevacu- Largereservoirsarebettersuitedto ationinfrastructure,whichremovesone suchinstallations. ofthebiggeruncertaintiesdevelopers ThePradhanMantriSuryaSarovar otherwisehavetopricein:Thecostof Yojana(PM-SSY)buildsanadditional layingdownlongpipelinesneededto layerofintegratedenergystoragesys- evacuatepower. temsoverthisbasicideatoboostgrid “TheCFA,alongwiththe~50lakh stability.Finally,theschemepromisesto de-riskinggrantforfeasibilityand promotedomesticmanufacturingofflo- hydrographystudies,meaningfullynar- tationsystemsaswellastheprojects’ rowsthecostgapforwater-specificcom- entirevaluechain,suchasPVcells, ponentsfloatingsolardemands.Getting modulesandenergystoragesystems. theframeworkright,includingclear Underthescheme,anamountof domestic-sourcingguidelinesanddedi- ~5,070crore—partofanoverallamount catedtechnicalstandardsforfloating of~28,500crore—willgointoincentives solar,willmatterasmuchastheCFA todevelop5,000megawattsoffloating quantuminbringingbiddersinatscale,” solarprojectsalongwithenergystorage Dwivedi,partner,DeloitteIndia,said. saidManohar. systemswithaminimumstoragecapac- Headdedthatoverallcapitalexpen- Healsosaidthat,whenitcomesto ityoftwohours,or10,000megawatt- ditureperMwinfloatingsolaristypi- highcapexandcomplexcomponents, hours(Mwh). cally15-25percenthigherthanin thisisexactlytheopportunityIndiawas Theincentivewillbeintheformof ground-mountedsolar.“WhiletheCFA waitingfor,asitalreadyhasastrong CentralFinancialAssistance(CFA)of canreducethiscost-difference,itisalso engineeringandmanufacturingbase ~1crorepermegawatt(Mw),tobepro- tobenotedthatincaseofPM-SSY,there acrossfloats,mooringsystems,cables videdaftersuccessfulcommissioningof isaneedfortwo-hourenergystorageto andbalanceofsystemsequipment.PM- afloatingsolarproject.Inaddition,an beprovided,thecostofwhichalsoneeds SSYgivesthatbasethedemandvisibility assistanceofupto~50lakhperproject tobeaccountedfor.TheoverallCFAof1 toscaleandspecialise. willbeavailableforundertakingfeasibil- croreperMwcaneffectivelyreducethe WhatmustIndiadotorapidlyscale itystudies,environmentalstudies,and two-hourstoragecostbyabout15-20per upfloatingsolarcapacity? otherpreparatoryactivitiesrequiredfor cent,whichisreasonable,”Dwivedisaid. MNRE,whichisanchoringthe de-riskingtheproject. Inaddition,stateelectricityregula- scheme,iscarryingoutastate-wise torsandutilitiesmayalsofactorthe studyoffloatingsolarpotentialsothat Potentialandchallenges additionalbenefitsofpoweravailability companiescanstartplanninginvest- Thecountrycurrentlyhasonly700Mw innon-solarhoursfromstorageunits ments,matchcapacitywithdemand offloatingsolarcapacity.WiththeSurya intotheircost-benefitanalysis.Twofre- centresandaligntheplanwithstate- Sarovarscheme,thatcapacityissought quentlycitedpositivesarethelikelihood levelrenewablepurchaseobligations. tobeincreasedto5,000Mw,withan offewerlanddisputes Withmanymajorreser- expectedinvestmentofaround~28,500 andthewaterconserva- voirsalreadysitting croreinprojectsthatwillbeimple- tionfromreducedevap- closetoexistinggrid mentedunderatariff-basedmodel oration(thepanels infrastructure,theprior- underwhichthelowestbidderis blocksunlightfromhit- ityforrapidscale-up awardedtheproject. tingalargesurfacearea nowissustainedinvest- Thecapacityprojectionunderthe ofthewater). mentinevacuation schemeisbasedonarecentassessment capacityandcleartech- ofIndia’sfloatingsolarpotentialata Lightinghope nicalstandards,backed massive102gigawattsbytheNational TheCFAcomponent, byacc-rediteddomestic InstituteofSolarEnergy(NISE),the then,createsabasefor testing,sothatquality MinistryofNewandRenewableEnergy thestatestostartcon- andreliabilitykeeppace (MNRE)andtheIndianInstituteof sideringfloatingsolaras withthescale-up. Technology(IIT)Roorkee. anoption. AsDeloitte’sDwivediputsit,“The However,thetechnologycomes Theargumentformakingahumble SuryaSarovarSchemeisastepinthe withitsownchallenges:Commercial beginning,supportedbystatefinancial rightdirectionandwillmakeFloating viability,highupfrontcapitalcosts, assistance,hasgiventhedomesticsolar PVSolarprojectsmorecompetitivein vulnerabilitytoextremeweather,impact industryhopeforrapidcapacitycre- theimmediatetermandhelpinstren- ontheenvironment,andoperationaland ation,despitethephysical,commercial gtheninguptheecosystemofmarket maintenancedifficultiesinhumid andenvironmentalchallenges. participantsforsuchprojectswhich aquaticenvironmentsoverthelongterm. “Floatingsolarholdsmassivepoten- willbenefitthesectorinthelong-term.” “ArecentstudyofMNRE,NISEand tialtobecomeacornerstoneofIndia’s Indiaalreadyhasalarge-scalefloat- IITRoorkeehasassessedthepotential futureenergybasket.NISEestimates ingsolarprojectoperationalonthe forFloatingSolarPVprojectsat102GW. ournationwidecapacityatover100 OmkareshwardaminMadhyaPradesh. However,commercialfeasibilityisa gigawatt(Gw),farexceedingtoday’s700 The600Mwcapacityproject,developed challenge,asmostprocurersdonot Mwbase.WhatmakesPM-SSYsosig- jointlybyRewaUltraMegaSolarLtd, wanttobuythecostlypowerfromFloat- nificantisthatitoffersdomesticmanu- NHDCLtd,AMPEnergyGreen,and ingSolarPVprojectswhencompared facturersalong-term,predict [Showing first 8,000 characters — download PDF for full document]