Vikram Solar Limited — Capital/Financing Update 2026

Feb 21, 2026

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February 21, 2026

VSL/CS/280/2026 dated 21.02.2026

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

Dear Sir/ Madam,

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

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Company has on February 20, 2026 entered into a strategic domestic cell procurement agreement with Jupiter International Limited to procure high efficiency TopCon Solar Cells and high efficiency mono PERC Solar Cells (collectively refers as “ Products” ) aggregating to 2GW of ALMM-compliant crystalline solar cells.

Please take on record the details as described in ANNEXURE A , in accordance with the Regulation 30 of the Listing Regulations read with SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

In terms of Regulation 30(8) of the Listing Regulations, this intimation will also be made available on the Company’s website at www.vikramsolar.com. We request you to kindly take the aforesaid information on record.

Thanking You,

For and on behalf of VIKRAM SOLAR LIMITED

Sudipta Digitally signed by Sudipta Bhowal Date: 2026.02.21 Bhowal 12:14:11 +05'30'

Sudipta Bhowal Company Secretary & Compliance Officer

Encl. As Above

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Annexure A

Sr. No	Particulars	Details
1	Name(s) of parties with whom the agreement is entered;	Jupiter International Limited
2	Purpose of entering into the agreement;	To procure high efficiency TopCon Solar Cells andhigh efficiency mono PERC Solar Cells aggregating to 2GW of ALMM-compliant crystalline solar cells.
3	Size of agreement	An amount aggregating to approximately Rs.2000 crores
4	Shareholding, if any, in the entity with whom the agreement is executed;	Not applicable
5	Significant terms of the agreement (in brief); special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.;	Not applicable
6	Whether the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship;	No
7	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”;	No
8	In case of issuance of shares to the parties, details of issue price, class of shares issued;	Not applicable
9	In case of loan agreements: i) details of lender/borrower ii) nature of the loan iii) total amount of loan granted/taken iv) total amount outstanding v) date of execution of the loan agreement/sanction letter. vi) details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis;	Not applicable

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10	Any other disclosures related to such agreements, viz., details of nominees on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.	Not applicable
11	In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement. b) nature of the agreement. c) date of execution of the agreement. details of amendment and impact thereof or reasons of termination and impact thereof.	Not applicable