VIKRAM SOLAR LIMITED : AUSTRALIA STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY OF VIKRAM SOLAR AUSTRALIA PTY LTD

• Vikram Solar Australia Pty Ltd has become a wholly owned subsidiary of the Company. • The Target Entity is a company incorporated in Australia and is yet to commence its commercial operations. • The proposed acquisition does not constitute a related party transaction. • Renewable energy industry. • Supporting the Company's overseas expansion strategy. • Requisite approvals as applicable for investment in an entity incorporated in Australia. • Indicative time period for completion of the acquisition: August 26, 2026. • Cash consideration for issuance of equity shares of the Target Entity USD 50,000 for 67,683 equity shares of face value AUD 1.00 per equity share. • 100% shareholding, i.e. 67,683 equity shares of face value AUD 1.00 per equity share. • The Target Entity was incorporated on March 4, 2026, in Australia.

Vikram Solar Limited

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