Antony Waste Handling Cell has informed that Antony Lara Enviro Solutions Private Limited (Antony Lara), a material subsidiary company, has approved and entered into Share Subscription Agreement and Shareholders’ Agreement with JFE Engineering Corporation, Japan (JFE) for an investment over ¥ 750 Million in two Special Purpose Vehicles (SPVs), namely Kadapa Renew Energy Private Limited and Kurnool Renew Energy Private Limited, incorporated for setting up of two Waste-to-Energy Project in Andhra Pradesh. The proposed investment shall be made through a primary issuance of shares by the aforesaid SPVs, pursuant to which JFE Engineering Corporation will acquire a minority equity stake of 25% in each of the SPVs. Presently, both the SPVs are wholly owned subsidiaries of Antony Lara. Upon consummation of the transaction, the shareholding structure of the SPVs shall be 75% held by Antony Lara and 25% by JFE, and accordingly, the SPVs shall cease to be wholly owned subsidiaries of Antony Lara. The investment in both the SPVs will be made by Antony Lara and JFE in the aforesaid ratio. Details as required under the SEBI Listing Regulations read with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to time, are provided in Annexure A.

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