Hindalco Industries Ltd.

With refer to letter dated September 1, 2023 informing that the company had signed Shareholder’s Agreement & Power Purchase Agreement to acquire 26% stake in Seven Renewable Power Private Limited (‘SRPPL’) which would develop and operate captive power generation plant to supply 100 MW round-the clock renewable energy to Company’s Smelter located in Odisha, Hindalco Industries has noted that connectivity start date for the proposed power plant (solar component) under SRPPL is now expected to be delayed. Due to above sighted reason and to achieve its planned project timelines, they have decided to substitute the SPV by executing the Project with Ayana Renewable Power Four Private Limited (‘ARPFPL’) instead of SRPPL. Both SRPPL and ARPFPL are subsidiaries of Ayana Renewable Power Private Limited. The Company has accordingly signed agreements wherein SRPPL has novated the previous Shareholder’s Agreement & Power Purchase Agreement to ARPFPL. 

The above information is a part of company’s filings submitted to BSE.