Sahyadri Industries Signs Agreement to Acquire 7.14% Equity Stake in Emerge Solar One Private Limited

Sahyadri Industries Limited has signed a Share Subscription and Shareholders' Agreement (SSSHA) on May 4, 2026, marking a significant step in its renewable energy strategy. The agreement formalises the company's acquisition of a 7.14% equity stake in Emerge Solar One Private Limited, a move aimed at securing solar power through a group captive arrangement.

Agreement Details

The SSSHA was executed with the Special Purpose Vehicle (SPV) and the Parent Company on May 4, 2026. This development follows the Board of Directors' approval of the proposal, which was communicated via an intimation dated April 4, 2026. The key parameters of the transaction are outlined below:

Parameter: Details Agreement Type: Share Subscription and Shareholders' Agreement (SSSHA) Target Company: Emerge Solar One Private Limited Equity Stake Acquired: 7.14% Date of Signing: May 4, 2026 Purpose: Purchase of solar power under a group captive scheme Regulatory Framework: Electricity Act, 2003 (as amended) and applicable rules Board Approval Date: April 4, 2026

Group Captive Solar Scheme

The equity acquisition in Emerge Solar One Private Limited is structured under a group captive scheme as provided for under the Electricity Act, 2003 (as amended) and applicable rules thereunder. Under such arrangements, a company acquires a minimum prescribed equity stake in a power generating entity and is entitled to consume power generated in proportion to its shareholding. This structure enables industrial consumers to source power directly from dedicated generation assets.

Regulatory Disclosure

The disclosure was made by Sahyadri Industries Limited to both the Bombay Stock Exchange and the National Stock Exchange of India Limited in compliance with Regulation 30 of the applicable listing regulations. The intimation was signed by Rajib Kumar Gope, Company Secretary and Compliance Officer (Membership No. F8417), on behalf of the company.

Sahyadri Industries Limited has announced a board meeting scheduled for Saturday, May 9, 2026, pursuant to Regulation 29 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will address key financial matters for the concluded financial year.

Board Meeting Agenda

The board of directors will convene to consider two primary business items during the scheduled meeting:

Agenda Item Details Financial Results Audited Financial Results for Quarter and Year ended March 31, 2026 Dividend Recommendation Final Dividend consideration for Financial Year 2025-26 Record Date To be determined and communicated separately if dividend approved

The company has indicated that if the board recommends a final dividend, the book closure and record date for payment purposes will be determined subsequently and communicated to stock exchanges through separate notification.

Trading Window Restrictions

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, Sahyadri Industries has implemented a trading window closure for dealing in securities. The restriction period encompasses a comprehensive timeframe around the financial results announcement.

Parameter Timeline Closure Start Date April 1, 2026 Closure End Date May 11, 2026 Duration 48 hours after audited results declaration Coverage Both days inclusive

Regulatory Compliance

The board meeting intimation was communicated to both major stock exchanges where the company's securities are listed. The notification was sent to the Bombay Stock Exchange and National Stock Exchange of India Limited, ensuring full compliance with listing requirements and transparency obligations.

The communication was signed by Rajib Kumar Gope, Company Secretary & Compliance Officer, with membership number F8417, and digitally authenticated on April 30, 2026. This formal notification ensures all stakeholders are informed about the upcoming corporate developments and trading restrictions in accordance with regulatory frameworks.

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