Esab India Ltd. — Capital/Financing Update 2026

Jan 28, 2026

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ESAB/SE/2026	28th January 2026
To BSE Limited PJ Towers Dalal Street Mumbai 400 001.	National Stock Exchange of India Limited Exchange Plaza Plot No.01, G Block, Bandra-Kurla Complex. Sandra (E) Mumbai 400 051

Scrip Code :500133 / ESABINDIA

Dear Sir/ Madam,

– Additional Equity Investment in a Special Purpose Vehicle (SPV) Group Captive Consumption of renewable energy

Further to our earlier letters dated 10[th] February 2025 and 15[th] July 2025 on the captioned subject, we hereby update you that the company will be subscribing additional equity in Sunsure Solar Park Twenty-Four Private Limited,(Power Generating Company) which will result in the increase of our shareholding from 9.78% to 17.38% in the aforesaid company. A detailed disclosures as required by SEBI LODR Regulations are given below

Sl. No.	Description	Details
1	Name of the target entity, details in brief such as size, turnover etc.	Sunsure Solar Park Twenty-Four Private Limited (SSTWPL) Registered Office at : 1101A-1107, 11 Floor BPTP, Park Centra, Sector 30, Gurgaon, Gurgaon, Basai Road, Haryana, India, 122001 Details of the entity: CIN U35105HR2024PTC120630; Authorized Capital: Rs. 10,00,000; and paid-up capital Rs. 1,27,430/- The Turnover of the Company is Nil for the year (the SPV is yet to commence commercial operations)
2	Whether the acquisition falls within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest	No, the transaction is not a related party transaction and promoter / promoter group does not have any interest in the entity whose securities are being acquired.

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in the entity
being acquired?
If yes, nature of
interest and
details thereof
and whether the
same is done at
“arm’s length”
3 Industry to which Renewable Energy
the entity being
acquired belongs
4 Objects and SSWTPL is in the process of setting up a Solar Power
impacts of Generation Plant, for supplying power to the corporates
acquisition under captive consumption in accordance with the
(including but not applicable rules and regulations.
limited to,
disclosure of ESAB India Limited have entered into a Power Purchase
reasons for Agreement for procurement of electricity from SSWTPL
acquisition of for meeting its energy requirements at its Manufacturing
target entity, if its plants in the State of Tamil Nadu.
business is
outside the main
line of business
of the listed
entity)
5 Brief details of NA
any
governmental or
regulatory
approvals
required for the
acquisition
6 Indicative period This is not a pure acquisition. This is just a subscription of
for completion of equity in the power generating company to become
the acquisition eligible power consumers. The commencement of power
project is subject to the receipt of all consents,
permissions required to be obtained by SSWTPL from the
regulatory authority for open access for captive
consumption of electricity.
7 Nature of Cash Consideration
consideration -
whether cash
consideration or
share swap and
details of the
same
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8	Cost of acquisition or the price at which the shares are acquired	a. The amount approved by the Board of Directors Rs. 21,200,000/-, b. amount invested till date: Rs. 17,19,480/- c. Additional equity subscription to be made – Rs. 1,94,78,700/-
9	Percentage of shareholding/ control acquired and/ or number of shares acquired	The Companyholds 9.78% of the paid-up share capital (on fully diluted basis)of SSWTPL. Post Additional Equity Subscription the company will hold 17.38% of the paid-up share capital (on fully diluted basis) of SSWTPL
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)	1. Background: SSWTPL, incorporated on April 10, 2024, is a privately held company based in Gurgaon, Haryana. It is primarily engaged in the business of generation and supply of electricity from renewable energy resources. 2. Products / line of business: Renewable Energy sector 3. Date of incorporation: April 10, 2024 4. Last 3 years' turnover: Not Applicable 5. Country of operation: India.

Please take the above on record.

Thanking you,

Yours truly,

For ESAB India limited

GANESHSIN Digitally signed by GANESHSINGH BALAJI GH BALAJI Date: 2026.01.28 18:34:17 +05'30' G. Balaji Company Secretary

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