Pursuant to Regulation 30 of SEBI LODR Regulations, we wish to inform the exchange that, IL JIN Electronics (India) Limited, a material subsidiary of the Company, has entered into a Share Swap Agreement on 18th October 2026, in terms of the said agreement, IL JIN shall acquire, 1,75,680 equity shares of Power-one Micro Systems Private Limited, representing its balance 40% equity stake on a fully dilutive basis, from existing shareholders of Power-One and shall issue and allot, 1,76,000 Compulsorily Convertible Preference Shares (CCPS A3) at an issue price of Rs. 10,000 per CCPS A3 (including a premium of Rs. 9,990 per CCPS A3), to the Sellers as non-cash consideration. Upon completion of the aforesaid transaction, Power-One shall become a wholly owned subsidiary of IL JIN and the Company.