Target Entity: Sivasakthi Industrial Explosives Private Limited

Type of Deal: 100% Acquisition

Stake/Capacity: 100% of the issued and paid-up equity share capital

Deal Value: Total consideration value of ₹115.02 crores

Funding Source: Cash consideration

Financial Impact: Target entity's turnover for FY 2025-26: Nil, FY 2024-25: ₹34,99,675.00, FY 2023-24: ₹1,26,11,375.00

Timeline: Expected completion within 12 months

Strategic Rationale: Sivasakthi is engaged in the manufacture, production, processing, retailing, wholesaling, supply, distribution, and trading of all types of explosives for industrial mining and other purposes, which aligns with Solar Industries' core business

Approval Status: Transaction is not a related party transaction, and no governmental or regulatory approvals are required

Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30