Date: October 6, 2026

Other Operational / Legal / Strategic Disclosures

Project Termination Details:

  • Sona BLW Precision Forgings Limited has mutually terminated all Project Documents for its captive solar power plant project in Chennai
  • Termination effective from September 25, 2026
  • Mutual termination letter accepted by counterparties on October 5, 2026 and received by company on October 6, 2026

Agreements Terminated:

  • Power Purchase Agreement
  • Share Subscription Agreement
  • Shareholders' Agreement
  • All ancillary agreements, deeds, undertakings, letters, and arrangements

Counterparties:

  • Seeyel Renewables Private Limited
  • CSE Development (India) Private Limited

Execution Dates of Original Agreements:

  • February 26, 2026
  • March 26, 2026

Reasons for Termination:

1. Company review of business strategy, manufacturing footprint, operational requirements, and future energy procurement plans

2. Developments arising from joint venture initiatives and revised operating model

3. Original power requirements contemplated under Project Documents have materially changed

4. Conditions Precedent under Project Documents were not satisfied within stipulated timelines

5. Conditions Precedent were not mutually extended by the parties

Impact Assessment:

  • No impact on company operations or financial position
  • No termination payment, compensation, damages, or admission of default or liability

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Reference to earlier intimations dated April 30, 2024 and April 30, 2026 regarding project approval

No material disclosures under the following sections:

  • KMP / Board / Auditor Changes
  • Dividend Declaration or Non-Declaration
  • Board Meeting Outcomes
  • Financial Results
  • Auditor's Report
  • Disinvestment / Strategic Actions
  • Media Release / Investor Communication