Silgo Retail Limited — Important, 27-10-2025: Disclosure of material issue

SILGO RETAIL has strategically expanded its business by incorporating six new subsidiaries, each named 'Silgo Power X Private Limited.'

**The Issue (Company's Action):** These entities are Special Purpose Vehicles (SPVs) established to develop, install, operate, and maintain solar power plants, including rooftop solar projects. This marks Silgo's formal entry into the renewable energy sector.

**Possible Impact for Investors:** This diversification into solar energy offers a potential new growth vertical for Silgo, aligning with India's green energy push. While it signifies long-term expansion opportunities and new revenue streams, investors should monitor the execution and capital allocation for these new ventures. Each subsidiary is capitalized at Rs. 1 lakh, with Silgo Retail holding 99.99%.

**Company’s Response:** By creating these SPVs, Silgo is setting up the foundational structure to pursue its renewable energy ambitions. The subsidiaries were incorporated on October 27, 2025, and are yet to commence operations.

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