The Board approved the execution of the Share Subscription and Shareholders Agreement (SSSHA) to be entered with with KRSKA Solar Private Limited and KRSKACapital Private Limited. The Board further approved the subscription of 1,333 equityshares of Rs 10 each amounting to Rs 13,330 and 3,77,989 OCRPS (₹10 each, aggregatingto ₹37,79,890) in KRSKA Solar Private Limited, thereby ensuring the Company holds 26%of the paid-up equity share capital with voting rights and agrees to consumes 85% of thepower generated.

Khaitan Chemicals & Fertilizers Limited (KCFL) announced two key decisions from its board meeting on July 23, 2025. The board approved Q1 FY26 (quarter ended June 30, 2025) unaudited financial results, which received an unmodified (unqualified) opinion from statutory auditors NSBP & Co. More importantly, the board approved acquiring a 26% equity stake in KRSKA Solar Private Limited, a Delhi-based solar power generation company with a commissioned grid-connected solar plant in Madhya Pradesh. The total investment is about Rs 37.93 lakhs, comprising 1,333 equity shares of Rs 10 each (Rs 13,330) and 3,77,989 Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs 10 each (Rs 37,79,890). The deal is supported by a Share Subscription and Shareholders' Agreement (SSSHA) with KRSKA Solar and KRSKA Capital. The transaction is not a related party deal, and promoters have no interest in the target. The strategic goal is to procure 85% of KRSKA Solar's power output under the group captive mechanism to reduce grid dependence, lower energy costs, and cut carbon footprint at KCFL's manufacturing facilities.