Promax Power Ltd — Important, 03-02-2026: Company Update

Promax Power Limited has acquired a 63.76% stake in Promax Solar One Hubli Pvt Ltd. This strategic investment is for developing, owning, and operating a 6.0 MW (AC) solar power project in Hipparagi, Karnataka, awarded under the RESCO mode by HESCOM. This move reinforces Promax Power's commitment to sustainable practices and aims to deliver enhanced shareholder value by expanding its renewable energy portfolio.