Target Entity: Vikram Solar Australia Pty Ltd

Type of Deal: 100% Acquisition

Stake/Capacity: 100% shareholding, comprising 67,683 equity shares of face value AUD 1.00 per equity share

Deal Value: USD 50,000

Funding Source: Cash consideration

Financial Impact: The target entity is yet to commence its commercial operations. No financial impact disclosed regarding revenue contribution, EBITDA impact, margin profile, or accretion/dilution.

Timeline: Acquisition completed on August 26, 2026

Strategic Rationale: Supporting the Company's overseas expansion strategy. The target entity operates in the renewable energy industry.

Approval Status: Completed. Requisite approvals as applicable for investment in an entity incorporated in Australia have been obtained.

Reference Regulation: SEBI Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015

Additional Details:

  • The target entity was incorporated on March 4, 2026, in Australia
  • The acquisition does not constitute a related party transaction
  • No promoter/promoter group/group companies have any interest in the entity being acquired
  • The transaction was done at arm's length