5445322026-10-315445322026-10-312026-10-31iso4217:INRxbrli:pure544532Solarworld Energy Solutions LimitedSOLARWORLDNOTLISTEDINE0TY101024Updatefalse2026-10-3117:13:002026-09-072026-10-312026-10-31Acquisition (including agreement to acquire)The Board of Directors, at its meeting held on September 7, 2026, approved the execution of the Securities Subscription Agreement (SSA) and Joint Venture Agreement (JVA) between Solarworld Energy Solutions Limited ("Company"), Rays Power Infra Limited ("Rays Power") and Rays Green Energy Manufacturing Private Limited ("Rays Green"). Under these Agreements, the Company will subscribe to equity shares of Rays Green for an aggregate amount of up to Rs. 100 crore (Rupees One Hundred Crore only), so as to hold 50% of the paid-up equity share capital of Rays Green. Rays Green will use the funds to set up a 2.4 GW solar PV cell manufacturing facility at Narmadapuram, Madhya Pradesh. The Company informed the Stock Exchanges of this on September 7, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Transaction CompletedPursuant to the SSA and JVA dated September 7, 2026, the Company has made the first tranche of investment of Rs. 26,82,16,200/- (Rupees Twenty Six Crore Eighty Two Lakh Sixteen Thousand Two Hundred only) on October 30, 2026. Against this, Rays Green has allotted to the Company 12,600 Equity Shares of face value Rs. 10/- each at an issue price of Rs. 21,287/- per share (including a premium of Rs. 21,277/- per share) on a preferential allotment basis. The Company now holds 50% of the paid-up equity share capital of Rays Green. The balance equity subscription of up to Rs. 73.18 crore (approx.) is pending and will be made in one or more tranches as per the terms of the said Agreement, subject to the necessary approvals.2682000002026-10-310.2682In continuation of the Company's intimation dated September 7, 2026, the Company has, on October 30, 2026, paid Rs. 26,82,16,200/- (Rupees Twenty Six Crore Eighty Two Lakh Sixteen Thousand Two Hundred only) to Rays Green as the first tranche of its equity subscription. Against this payment, Rays Green has allotted to the Company 12,600 equity shares of face value Rs. 10/- each at an issue price of Rs. 21,287/- per share, including a premium of Rs. 21,277/- per share on October 31, 2026. Measured against the total equity subscription of up to Rs. 100 crore, 26.82% of the transaction has been completed. The balance subscription of up to Rs. 73.18 crore will be made in one or more tranches as per the SSA and JVA.