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- Solar Overseas Mauritius Limited (wholly owned subsidiary of Solar Industries India Ltd) incorporated a new subsidiary named 'Solar Explochem Proprietary Limited' in the Republic of Botswana on September 29, 2026. - The new entity belongs to the explosives industry and operates as a step-down subsidiary with 65% shareholding/control. - The cost of subscription is USD 325,000 via cash consideration for business expansion.

- Solar Industries India Limited received an [ICRA]A1+ rating for its ₹500 Cr commercial paper. Its subsidiary is acquiring South Africa's Omnia Holdings for $1.35 billion to boost international scale, diversification, and backward integration. The acquisition, funded by debt/internal accruals, is expected to close in H1 CY2027.

- CRISIL Ratings placed Solar Industries India Limited's long-term bank loan and non-convertible debentures (CRISIL AA+) on 'Watch Developing'. - This is due to the proposed debt-funded acquisition of Omnia Holdings Limited for ~₹12,951 Cr, with the financial impact on the financial risk profile to be monitored.

- Solar Industries India Limited confirmed the timely payment of Commercial Paper amounting to ₹75 Crores. - The payment was made on September 17, 2026, fulfilling the obligation for the CP issued on June 19, 2026, to Kotak Mahindra Bank Limited.

- Solar SA Investments Proprietary Limited (a step-down subsidiary) is acquiring Omnia Holdings Limited, a leading diversified mining and agritech company in South Africa, subject to approvals. - The acquisition is a strategic move to create an integrated global platform for commercial explosives and blasting solutions, enhancing scale, market access, and competitive positioning. - Combined entity's FY28 consolidated revenue is projected to be over ₹30,000 crores. - Combined entity's FY28 EBITDA is targeted between ₹6,800-₹7,000 crores, aiming for an EBITDA margin of 22-23%. - Net debt to EBITDA is expected to remain below two times by FY28. - Distribution presence will expand to over 100 countries and manufacturing presence to over 25 countries. - The acquisition will be funded through internal accruals and debt, with no equity dilution planned.

- Audio recording of the conference call held on September 15, 2026, is now available. - The call discussed the proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited. - The recording can be accessed on the company's website via the provided URL: https://solargroup.s.gy/audiorecording15092026.

- Concall Schedule - Concall Date: September 15, 2026 - Concall Time: 10:30 A.M. IST - Purpose: To discuss the proposed acquisition of Omnia Holdings Limited by Solar SA Investments Proprietary Limited.

- Solar Industries India Limited's subsidiaries to acquire 100% of Omnia Holdings Limited for US$ 1.355 billion (cash). - This strategic acquisition aims to create a global platform for commercial explosives and expand geographical footprint. - Expected completion by mid-2027.

- Solar Industries India Limited (via its subsidiary Solar SA Investments Proprietary Limited) announced the proposed acquisition of South Africa's Omnia Holdings Limited for ₹12,951 Crores (US$1.355 billion) in an all-cash transaction. - This acquisition aims to expand Solar Group's global footprint, enhance its position as a leading global explosives and mining solutions provider, and gain entry into integrated crop nutrition and biological solutions.

- On September 4, 2026, ICRA Limited reaffirmed the [ICRA]A1+ rating on the Commercial Paper of Solar Industries India Limited, amounting to Rs. 500.00 Crores. - The company has ongoing legal proceedings regarding the vacation of office of Mr. Kailash Chandra Nuwal, Executive Director.

- Solar Industries clarified news regarding potential negotiations, stating they are speculative and not material requiring disclosure under SEBI LODR. - The company is unaware of any unannounced information explaining market movement related to the news. - No regulatory/legal proceedings are in relation to the subject.

- Q1 FY27 Consolidated Net Revenue ₹3,668 Cr vs ₹2,154 Cr (▲70% YoY) - EBITDA ₹1,024 Cr vs ₹564 Cr (▲82% YoY) - PAT ₹666 Cr vs ₹353 Cr (▲89% YoY) - EBITDA Margin 27.9% vs 26.2% (▲170bps)

- Q1 FY27 Net Sales ₹3668Cr vs ₹2154Cr (▲70% YoY) - EBITDA ₹1024Cr vs ₹564Cr (▲82% YoY) - PAT ₹666Cr vs ₹353Cr (▲89% YoY) - EBITDA Margin 27.91% vs 26.18% (▲173bps)

- Q1 FY27 Consolidated Revenue ₹3,668.20Cr vs ₹2,154.45Cr (▲70.26% YoY) - EBITDA ₹1,023.94Cr vs ₹534.91Cr (▲91.43% YoY) - PAT ₹666.37Cr vs ₹352.62Cr (▲88.98% YoY) - EBITDA Margin 27.91% vs 24.83% (▲308bps)

- Q1 FY27 Consolidated Revenue ₹3,668.20 Cr vs ₹2,154.45 Cr (▲70% YoY) - EBITDA ₹1,023.94 Cr vs ₹534.91 Cr (▲91% YoY) - PAT ₹666.37 Cr vs ₹352.62 Cr (▲89% YoY) - EBITDA Margin 27.91% vs 24.83% (▲308bps)