Vikram Solar Limited — Capital/Financing Update 2025

Sep 15, 2025

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September 15, 2025

VSL/CS/201/2025 dated 15.09.2025

BSE Ltd. National Stock Exchange of India Ltd. Department of Corporate Services Listing Department P. J. Towers, Dalal Street, Mumbai – 400 001. Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 (Scrip Code: Equity - 544488) (Symbol: VIKRAMSOLR, Series EQ)

Dear Sir/ Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Press Release

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release that we intend to give today in relation to our order win of 200 MW of solar modules from AB Energia Solutions Private Limited for supply between September, 2025 till March, 2026.

The details/disclosures in respect of such contract, as required under Regulation 30 of the SEBI Listing Regulations, read with Schedule III thereto and SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023, are provided in the enclosed Annexure-A.

We request you to kindly take the aforesaid information on record.

Thanking You,

For and on behalf of

VIKRAM SOLAR LIMITED

Digitally signed SUDIPTA by SUDIPTA BHOWAL BHOWAL Date: 2025.09.15 00:56:06 +05'30'

SUDIPTA BHOWAL Company Secretary & Compliance Officer

Encl. As Above

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Vikram Solar to Supply 200 MW of High-Efficiency Modules to AB Energia

The modules will be deployed across Maharashtra, Madhya Pradesh, and Gujarat.

Kolkata, September 15, 2025 – Vikram Solar, one of India's leading solar PV module manufacturers, has announced a major order of 200 MW high-efficiency solar modules from AB Energia, a specialist in end-to-end EPC solutions for commercial and industrial (C&I) solar projects. The modules, rated at 590 Wp and above will be deployed across Maharashtra, Madhya Pradesh, and Gujarat, three solar-progressive states that are accelerating their clean energy adoption.

As part of this order, Vikram Solar will supply its advanced M10R N-Type TOPCon modules, designed for superior performance, reliability, and higher energy yield. Deliveries are scheduled to begin in September 2025 and will continue through early 2026.

This latest order establishes the continued sense of confidence from AB Energia, reaffirming the partnership built on shared values, execution excellence, and a commitment to accelerating India’s renewable energy ambitions.

Mr. Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said: “ We are proud to continue our collaboration with partners that share our vision for accelerating India’s renewable energy transition. This order not only reflects the continued trust from AB Energia in our technology and execution but also reinforces Vikram Solar’s position as a dependable and future-ready solar solutions provider. We remain committed to delivering high-performance products and building long-term partnerships that drive sustainable progress.”

Mr. Siddharth Bhatia, Managing Director & CEO, AB Energia Solutions Pvt. Ltd., “Our continued association with Vikram Solar reflects our shared assurance to engineering excellence and maximizing value for our clients. With these new high-performance modules, AB Energia further reinforces its mission of delivering reliable, efficient, and future-ready solutions to power India’s clean energy ambitions. We look forward to executing these projects across key growth states, setting new benchmarks for project delivery, sustainability, and partnership in the solar EPC landscape.”

About Vikram Solar:

Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India with cumulative production capacity of 4.5 GW. Vikram Solar is a ‘Top Performer’ in PVEL’s PV Module Reliability scorecard 2025 and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF. Vikram Solar Limited has established a pan-India presence through an extensive distributor network of 83 authorized distributors, more than 250 dealers, and 76 system integrators.

For further information, please contact: Srabani Sen| Vikram Solar | Mobile: +91 7349661300| Email: press@vikramsolar.com

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Annexure A

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Sr. No. Particulars Details
1. Name of the entity awarding the AB Energia Solutions Private Limited
order(s)/contract(s)
2. Significant terms and conditions of Supply of high efficiency solar modules
order(s)/contract(s) awarded, in brief
3. Whether order(s) / contract(s) have Domestic Entity
been awarded by domestic/
international entity
4. Nature of order(s)/contract(s) One time
5. Time period if any, associated with the The timelines for delivery of this order is
order(s)/contract(s) from September, 2025 till March, 2026
6. Broad commercial consideration or 200 MW of high efficiency solar modules
size of the order(s)/contract(s) aggregating to an approximate value of
Rs. 273 Crores to be supplied at
Maharashtra, Madhya Pradesh and
Gujarat
7. Whether the promoter/ promoter No
group / group companies have any
interest in the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof;
8. Whether the order(s)/contract(s) No
would fall within related party
transactions? If yes, whether the
same is done at “arm’s length”
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