Target Entity: Godawari New Energy Private Limited (GNEPL)

Type of Deal: Investment via preference shares in a wholly-owned subsidiary

Stake/Capacity: 100% ownership maintained. 5,00,00,000 Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares of ₹10 each allotted.

Deal Value: ₹50.00 Crores (Rupees Fifty Crores Only)

Funding Source: Investment made on a right basis. The specific source of funds (internal accruals, debt, etc.) is not disclosed in the document.

Financial Impact: The funds will be utilized by GNEPL to meet proposed capex and working capital requirements for setting up a Battery Energy Storage System Plant. As of 30.06.2026, GNEPL had a Net Worth of ₹447.98 Crores and a Turnover of NIL. The company has not yet started business operations.

Timeline: The Preference Shares were allotted on 28.09.2026. The investment is complete.

Strategic Rationale: The investment is for setting up a Battery Energy Storage System (BESS) Plant. The project's operations will be set up in the State of Maharashtra. This represents an expansion into the energy storage sector.

Approval Status: The investment has been completed and the shares have been allotted. No governmental or regulatory approvals were required for this acquisition, as stated in the annexure.

Reference Regulation: This disclosure is made under Regulation 30 of the SEBI Listing Regulations.