Sun Drops Energia Limited – Notice of Extraordinary General Meeting

24 August 2026

Sun Drops Energia Limited will be convening an Extraordinary General Meeting (EGM No. 02/2026-27), as per the Notice issued on August 21, 2026, which will take place on Monday, September 14, 2026. The meeting will commence at 09:30 AM IST at the registered office of the company.

Key Agenda Items for the EGM:

• Increase in Authorised Share Capital: Approval for increase in the Authorised Share Capital from INR 50,00,00,000 (comprising of 10,00,00,000 Equity Shares of INR 5 each) to INR 50,80,00,000 (comprising of 10,00,00,000 Equity Shares of INR 5 each and 16,00,000 Preference Shares of INR 5 each) by way of creation of 16,00,000 Preference Shares, together with amendment of Clause V of the Memorandum of Association.
  
• Acquisition of Target Company: Approval for the acquisition of up to 1,70,84,853 equity shares which are fully paid-up (upto 100% of equity share capital) of DEK and Mavericks Green Energy Limited at a price of INR 32.66 per equity share, aggregating to INR 55,80,44,927.
  
• Issue of CCPS on preferential basis: Approval for issuance and allotment of up to 15,89,781 Compulsorily Convertible Preference Shares (CCPS) of face value INR 5 each at an issue price of INR 351.02 per CCPS (inclusive of premium of INR 346.02 per CCPS) on preferential basis for consideration other than cash
  
• Terms and Conversion of CCPS: CCPS have a non-cumulative preferential dividend rate of 0.01%, and they shall be compulsorily converted to Equity Shares at the ratio of 1:1 during a period not exceeding 12 months from the date of allotment or submission of RHP to SEBI, whichever is earlier.

EGM Logistics Information:

Detail	Information
EGM Date and Time	Monday, September 14, 2026, at 09:30 AM IST
Venue	Registered Office: 'KP House', Near KP Circle, Opp. Ishwar Farm Junction BRTS, Canal Road, Bhatar, Surat-395017, Gujarat, India
Notice Date	August 21, 2026
Registered Valuer	Mr. Abhishek Chhajed, Registered Valuer (Reg. No. IBBI/RV/03/2020/13674)
Proxy Submission Deadline	Duly completed Form MGT-11 must be deposited at least 48 hours prior to the meeting