5445322026-09-085445322026-09-082026-09-085445322026-09-08in-capmkt:ExecutionOfAgreementMember5445322026-09-08PartiesOfTheAgreementDomain15445322026-09-08PartiesOfTheAgreementDomain25445322026-09-08PartiesOfTheAgreementDomain3iso4217:INRxbrli:sharesxbrli:sharesxbrli:pureSOLARWORLDSOLARWORLD ENERGY SOLUTIONS LIMITED544532NOTLISTEDINE0TY101024Agreements (Sub-para 5-Para B)Execution of agreementNewtrue2026-09-0716:00:0020:30:002026-09-08OthersJoint Venture Agreement ("JVA") and Securities Subscription Agreement ("SSA")Rays Green Energy Manufacturing Private Limited (“Rays Green”) is proposed to be operated and managed as a joint venture between Rays Power Infra Limited ("Rays Power") (existing shareholder of Rays Green) and Company, for the joint establishment, development, construction, commissioning and operation of a 2.4 GW solar PV cell manufacturing facility on a 41.30 acre plot located at Mohasa, Babai, Narmadapuram District, Madhya Pradesh (the “Project”). The Joint Venture JVAwas executed simultaneously with the SSA to record the terms governing the rights and obligations of the parties in relation to the operation, control, management, governance, project financing and rights over the output of the Project.2026-09-07true3Solarworld Energy Solutions LimitedParty entering into the agreementNil00falseRays Power Infra LimitedCounterparties to the agreement10000100001trueHolding Company and Promoter Group of Rays Green Energy Manufacturing Private LimitedRays Green Energy Manufacturing Private LimitedCounterparties to the agreementNot applicable00trueWholly-owned Subsidiary of Rays Power Infra LimitedfalseNot applicableRays Green is proposed to be operated and managed as a joint venture between Rays Power (existing shareholder of Rays Green) and the Company, for the joint establishment, development, construction, commissioning and operation of a 2.4 GW solar PV cell manufacturing facility on a 41.30 acre plot located at Mohasa, Babai, Narmadapuram District, Madhya Pradesh (the “Project”). The JVA was executed simultaneously with the SSA to record the terms governing the rights and obligations of the parties in relation to the operation, control, management, governance, project financing and rights over the output of the Project.The aggregate financial commitment under the agreements is up to ₹520,00,00,000, comprising (i) subscription of equity shares of Rays Green for an ggregate amount of up to ₹200,00,00,000, of which the Company shall subscribe up to ₹100,00,00,000 and Rays Power shall subscribe up to ₹100,00,00,000; and (ii) a loan of up to ₹320,00,00,000 to be extended by the Company to Rays Green for funding of the Project.The agreements provide, inter alia, for: a) Subscription by Company and Rays Power to the equity shares of the Rays Green; b) Appointment of nominee director(s) on the Board of Rays Green by the Company and Rays Power; c) Affirmative voting rights and reserved matters requiring the prior approval of both, the Company and Rays Power; d) Pre-emptive rights/participation rights in future issuances of securities to the Company and Rays Power; e) Restrictions on alteration of share capital, issue of securities, borrowings, disposal of material assets, amendment of constitutional documents and other reserved matters without prior approval of both, the Company and Rays Power; f) Utilisation of subscription proceeds only in accordance with the agreed business plan/object clause; and g) Other customary rights and obligations contained in the SSA and JVAtrueEquity Shares21287