PUDUMJEE PAPER PRODUCTS LTD.: DIVESTMENT OF INVESTMENT IN A SPECIAL PURPOSE VEHICLE

• Pudumjee Paper Products Ltd. has executed an agreement for the sale/transfer of 12,04,999 equity shares of MITCON Solar Alliance Limited. • The sale consideration is ₹2,40,49,990 plus applicable taxes, duties and other charges. • MITCON Solar Alliance Limited is a Special Purpose Vehicle formed by MITCON Consultancy & Engineering Services Limited. • Upon completion, Pudumjee Paper Products Ltd. shall cease to be a shareholder. • Relevant financial details of MITCON Solar Alliance Limited for FY 2025-26: Total Income ₹679.26 Lakhs, Total Equity ₹984.81 Lakhs. • The transaction is not a related party transaction. Impact: Neutral (Divestment of investment in a special purpose vehicle for a solar power plant)

Pudumjee Paper Products Limited

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