This is to inform that the Board of Directors of Aditya Birla Renewables Limited ("ABReN"), a subsidiary
of the Company, at its meeting held today, inter alia, considered and approved the execution of a
Share Purchase Agreement ("SPA") to acquire 100% of the equity shares and other securities of
Solenergi Power Private Limited ("SPPL"), a private company limited by shares incorporated in
Mauritius, along with its subsidiaries, from Shell Overseas Investment B.V., a wholly-owned subsidiary
of Shell PLC. SPPL is an investment holding company for Sprng Energy Private Limited and Sprng Solar
Plus Private Limited. The transaction is subject to the receipt of necessary regulatory approvals and
satisfaction of other customary conditions under the SPA.

Upon completion of the transaction, SPPL (along with its subsidiaries) will become subsidiaries of
ABReN and consequently of the Company.

The Stock Exchange intimation along with the Press Release issued by ABReN in this regard are
enclosed herewith.