ENVIRO INFRA ENGINEERS LIMITED — M&A Activity 2025

Jun 7, 2025

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Date: 07[th] June, 2025

To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Mumbai – 400001 Scrip Symbol: EIEL Scrip Code: 544290

Sub: Completion of acquisition of Sunaxis Renewables Private Limited

Dear Sir/Madam,

This in furtherance to our previous disclosure dated 28.05.2025, we hereby confirm that EIE Renewables Private Limited, a wholly owned subsidiary of the Company (“EIE Renewables”) has on 06.06.2025 acquired Sunaxis Renewables Private Limited (“Sunaxis”) as provided in the said disclosure. After the said acquisition, Sunaxis has now became the Wholly Owned Subsidiary of EIE Renewables and the Step-Down Wholly Owned Subsidiary of the Company.

The Company has received the confirmation from EIE Renewables today i.e. 07.06.2025.

The detailed disclosure as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI master Circular dated 11.11.2024, amended by SEBI circular dated 31.12.2024 is attached herewith at ‘Annexure A’.

Kindly take the above information on record.

Yours Faithfully,

For Enviro Infra Engineers Limited

PIYUSH Digitally signed by PIYUSH JAIN JAIN Date: 2025.06.07 13:26:16 +05'30' (Piyush Jain)

Company Secretary & Compliance Officer M. No. A57000

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Annexure – A

The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11.11.2024 is as under:

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S. No. Particulars Details
Sunaxis Renewables Private Limited (“Target
Company”) is an Indian Company incorporated
under the Companies Act, 2013 on April 21,
2025.
Name of the target entity,
1. details in brief such as size, Authorised Capital – ₹ 1,00,000/-
turnover etc. (10,000 Equity Shares of ₹ 10/- each)
Paid up Capital – ₹ 1,00,000/-
(10,000 Equity Shares of ₹ 10/- each)
Turnover – Nil
The said acquisition is a related party
transaction.
Mr. Sanjay Jain and Mr. Manish Jain, Promoter
Directors of the Company, are also the Directors
and were the shareholders of the Target
Whether the acquisition would
fall within related party Company, holding 5,000 (Five Thousand)
shares each.
transaction(s) and whether the
promoter/ promoter group/
EIE Renewables Private Limited, a Wholly
group companies have any
2. Owned Subsidiary of the Company has invested
interest in the entity being
₹1,00,000/- (Rupees One Lakhs Only) by
acquired? If yes, nature of
acquiring 10,000 (Ten Thousand) equity shares
interest and details thereof and
from the existing shareholders of the Target
whether the same is done at
Company at a price of ₹10 per share, thereby
“arm’s length”
making the Target Company Step-Down Wholly
Owned Subsidiary of the Company post-
acquisition.
The said transaction is done at arm’s length.
Industry to which the entity Projects related to the development of Ground
3.
being acquired belongs Mounted / Floating Solar Power Projects (SPP).
Objects and impact of The Target Company is incorporated to
acquisition (including but not establish and operate as a Special Purpose
4. limited to, disclosure of reasons Vehicle (SPV) for executing the projects related
for acquisition of target entity, if to the development of Ground Mounted /
its business is outside the main Floating Solar Power Projects (SPP) including
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	line of business of the listed entity).	the complete lifecycle of SPPs from concept to Engineering, Procurement, and Construction (EPC) covering design, development, installation commissioning, operation, and maintenance along with all incidental or ancillary activities necessary for the successful execution of the projects in accordance with the terms and conditions set forth by the State / Central Government across India. The said acquisition will enable the Company to tap the opportunities prevailing in the Solar Power Projects and aligns with the long-term vision of the Company to expand into sustainable and future-oriented business segments.
5.	Brief details of any governmental or regulatory approvals required for the acquisition.	Not Applicable
6.	Indicative time period for completion of the acquisition	Completed on 06.06.2025
7.	Consideration - whether cash consideration or share swap or any other form and details of the same.	Cash consideration
8.	Cost of acquisition and/or the price at which the shares are acquired.	₹ 1,00,000/- (Rupees One Lakh Only) by acquiring entire 10,000 Equity Shares of the Target Company having face value of ₹ 10/- each issued atpar
9.	Percentage of shareholding / control acquired and / or number of shares acquired.	100%
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).	The Target Company is an Indian Company incorporated under the Companies Act, 2013 on April 21, 2025 engaged in the business of Solar Power Projects. After the said acquisition, the Target Company has became the Step-Down Wholly Owned Subsidiary of the Company. Market presence: PAN India

Since the Target Company is newly incorporated, its business activity is yet to commence, therefore, its turnover is ‘NIL’ in last 3 years.