Solar Industries Botswana Explosives Subsidiary Incorporation

Regulatory filing under SEBI Listing Regulations regarding incorporation of a new step-down subsidiary in Botswana.

Solar Overseas Mauritius Limited (Wholly Owned Subsidiary of Solar Industries India Limited) has incorporated "Solar Explochem Proprietary Limited" in the Republic of Botswana
Date of Incorporation: September 29, 2026
Industry: Explosives Industry
Purpose: Expansion of business operations
Holding Structure: Solar Explochem Proprietary Limited is a step-down subsidiary of Solar Industries India Limited through Solar Overseas Mauritius Limited
Governmental/Regulatory Approvals: Not required for the incorporation
Consideration Type: Initial Capital Subscription in Cash
Investment Amount: USD 325,000
Ownership Percentage: 65% shareholding by the listed entity through its subsidiary

Initial investment of USD 325,000 in cash for capital subscription
65% ownership control in the new Botswana entity
The investment represents expansion of international operations in the explosives industry
No immediate material impact on revenue, margins, or debt levels disclosed