Epic Energy Limited has made a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the allotment of equity shares upon conversion of warrants.

Background and Approval

The Board of Directors had allotted convertible warrants to promoters and non-promoters on March 24, 2026, pursuant to shareholder approval obtained in an Extra-Ordinary General Meeting held on December 18, 2025.

Transaction Details

Warrant holders paid a balance consideration aggregating ₹2,75,00,000 and applied for conversion of 7,33,332 warrants into an equivalent number of equity shares. The Board of Directors approved this conversion in their meeting held on June 15, 2026.

Allotment Breakdown

The equity shares were allotted to nine investors as follows:

| Sr. No. | Name of Allottee | Category | Warrants Allotted (Mar 24, 2026) | Equity Shares Allotted (Jun 15, 2026) | Warrants Outstanding |

| 1 | Nikhil Champaklal Morsawala | Promoter | 6,00,000 | 2,00,000 | 4,00,000 |

| 2 | Veena Nikhil Morsawala | Promoter | 6,00,000 | 2,00,000 | 4,00,000 |

| 3 | Soleos Solar Energy Private Limited | Non-Promoter | 20,00,000 | 1,33,333 | 18,66,667 |

| 4 | Nikhil Vinod Pandya | Non-Promoter | 1,00,000 | 33,333 | 66,667 |

| 5 | Bhalchandra Ramrao Kadam | Non-Promoter | 1,00,000 | 33,333 | 66,667 |

| 6 | Rajeev Jagannath Anand | Non-Promoter | 1,00,000 | 33,333 | 66,667 |

| 7 | Sahil Raman Anand | Non-Promoter | 1,00,000 | 33,333 | 66,667 |

| 8 | Keki M. Mistry | Non-Promoter | 50,000 | 16,667 | 33,333 |

| 9 | Sanjay Agarwal | Non-Promoter | 1,50,000 | 50,000 | 1,00,000 |

| TOTAL | | | 38,00,000 | 7,33,332 | 30,66,668 |

Financial Terms

The warrants were originally allotted at an issue price of ₹50 each, carrying the right to subscribe to one equity share per warrant. The conversion required payment of the balance amount at the rate of ₹37.50 per warrant (75% of the issue price), while the initial payment was ₹12.50 per warrant (25% of the issue price).

Share Characteristics

The allotted equity shares will be in dematerialized form and will rank pari passu with the existing equity shares of the company in all respects.