Wheels India Limited has informed the stock exchanges of a scheduled conference call with fund managers, analysts, and investors, in compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated to both the National Stock Exchange of India Limited and BSE Limited on May 11, 2026.

Conference Call Details

The conference call is organized by ICICI Securities and is scheduled to take place on Friday, May 15, 2026, at 3:30 PM IST (18:00 hrs HKT). The primary agenda of the call is to discuss the Q4FY26 Financial Results of Wheels India Limited.

The key details of the event are summarized below:

Company Representatives

The conference call will be represented by senior leadership of Wheels India Limited:

• Mr. Srivats Ram — Chairman and Managing Director
• Mr. P Ramesh — CFO

Call Coordinators from ICICI Securities

Investors and analysts seeking to participate in or coordinate the call may reach out to the designated ICICI Securities representatives:

The intimation was signed by K V Lakshmi, Company Secretary, on behalf of Wheels India Limited, and filed with the exchanges on May 11, 2026.

Wheels India Limited has successfully completed a strategic investment in the renewable energy sector, acquiring a significant stake in a solar power company for ₹3.43 crores. The transaction was completed on April 30, 2026, as part of the company's expansion into clean energy solutions.

Investment Details

The acquisition involved the purchase of 3,43,245 equity shares of Emerge Solar One Private Limited at ₹100 per share, representing the face value of each equity share. The total investment amount of ₹3,43,24,500 secures Wheels India a 32.65% shareholding in the target company.

Target Company Profile

Emerge Solar One Private Limited (CIN U35105TN2024PTC173924) operates in the renewable energy sector, specifically focusing on solar power generation. The company was incorporated on October 08, 2024, and is engaged in generating, producing, and distributing solar energy with an aggregate capacity of up to 13.864 MWp DC in Tamil Nadu.

The target company is a subsidiary of EG Green Parks Private Limited and currently has a paid-up capital of ₹8,20,000. As the entity has not yet commenced its main business operations, its turnover remains nil.

Strategic Rationale

The acquisition serves Wheels India's objective of procuring solar power under the captive generation scheme. This investment represents a strategic move outside the company's main line of business, positioning it to benefit from renewable energy generation for its operational requirements.

The generated electricity from the solar plants will be sold under the Captive Scheme as per the Power Purchase Agreement (PPA) framework. The transaction requires regulatory approval from TANGEDCO (Tamil Nadu Generation and Distribution Corporation).

Transaction Structure

The acquisition was completed through cash consideration rather than share swap or other forms of payment. Wheels India confirmed that this transaction does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in the acquired entity.

The company has notified both the National Stock Exchange of India Limited and BSE Limited about this investment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance and transparency.