JUNIPER GREEN ENERGY LIMITED
	(TO BE LISTED ON THE MAIN BOARD OF BSE AND NSE)

Our Company was originally incorporated as "AT Capital Advisory India Private Limited" as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated December 5, 2011, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi. Subsequently, the name of our Company changed to "Juniper Green Energy Private Limited", pursuant to a board resolution dated November 22, 2018 and a shareholders' resolution dated November 28, 2018 to reflect a shift in our focus towards streamlining of our business and a fresh certificate of incorporation was issued by the Registrar of Companies, Delhi and Haryana at New Delhi on December 8, 2018. Upon the conversion of our Company from a private limited company to a public limited company, pursuant to a Board resolution dated May 13, 2025 and a special resolution passed by our Shareholders in the extra-ordinary general meeting dated May 22, 2025, the name of our Company was changed to "Juniper Green Energy Limited", and a fresh certificate of incorporation dated May 26, 2025 was issued by the Registrar of Companies, Central Processing Centre. For details in relation to the changes in the registered office of our Company, see "History and Certain Corporate Matters - Changes in the registered office of our Company" on page 396 of the Prospectus dated August 3, 2026 ("Prospectus") filed with the Registrar of Companies, National Capital Territory of Delhi-I, at South Delhi ("RoC").

Our Company has filed the Prospectus dated August 3, 2026 with the RoC and the Equity Shares (as defined below) are proposed to be listed on the Main Board platform of the Stock Exchanges and the trading is expected to commence on August 6, 2026.

1. Reliance on certain off-takers risk:

A significant portion of our revenue from operations is derived from the sale of electricity generated at our projects and our top two off-takers collectively contributed 86.06%, 91.11% and 97.00% of our revenue from operations for Fiscals 2026, 2025 and 2024, respectively. The loss of any such key commercial relationships could adversely affect our business, results of operations, financial condition and cash flows.

2. High dependence on suppliers risk:

Our business is dependent on suppliers for the procurement of critical components, equipment, material and other goods for the operation of our projects as well as for other business operations. Our top 10 suppliers collectively contributed 84.42%, 79.99% and 87.52% of our total purchases for Fiscals 2026, 2025 and 2024, respectively. Interruptions in the supply of our critical components and other goods could adversely affect our business operations, financial position and cash flow.

3. Encumbrance of Equity Shares risk:

Juniper Renewable Holdings Pte. Ltd. ("Juniper Renewable"), one of our Corporate Promoters, had pledged 7,194,462 Equity Shares (1.46% of total pre-Issue share capital on a fully diluted basis) in favour of IREDA as security for a loan availed by our Company. Additionally, post-listing, we are required to create a further pledge over certain Equity Shares in favour of IREDA as security in relation to one of our project financing arrangements. Any default under these pledge arrangements will entitle IREDA to enforce the pledge, which could dilute the shareholding of our Corporate Promoter and may adversely affect our business, results of operations, cash flows and prospects.

4. Geographical concentration risk:

Our renewable energy projects are located in the states of Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. Our operations are susceptible to local and regional factors including adverse changes in government policies, political factors, economic conditions, weather conditions, natural disasters, the outbreak of infectious diseases and other unforeseen events and circumstances affecting these states. Any such events may disrupt our projects, adversely impact our ability to meet contractual obligations, and materially affect our operations, cash flows, financial condition and results of operations.

5. Land acquisition risk:

Our development of renewable energy projects may be restrained by our inability to identify or acquire suitable land sites. If we are unable to identify suitable land on commercially acceptable terms, our ability to develop new renewable energy projects on a timely basis or at all might be affected, which could result in the imposition of liquidated damages and/or reductions in tariffs which could adversely affect our business, financial condition, cash flows and results of operations.

6. Dependence on environmental conditions risk:

Our revenue is a direct function of the electricity we generate, which is significantly influenced by environmental conditions, irradiation and wind speed. Electricity output may decrease under adverse conditions including cloudy weather, sandstorms, heavy rainfall, solar eclipses and environmental pollution. The seasonal nature of our energy production can place additional demands on our working capital reserves, particularly during periods of reduced cash flow from operations. Any adverse change in environmental conditions may materially impact our business, financial condition, cash flows and results of operations.

7. Related party transactions risk:

In the ordinary course of our business, we have in the past entered into, and may continue to enter into, related party transactions. While all such transactions have been conducted on an arm's length basis in accordance with the Companies Act, relevant Accounting Standards and applicable regulations, we cannot assure you that we might not have achieved more favourable terms had such transactions not been entered into with related parties. The arithmetic aggregated absolute total of all related party transactions (excluding capital related transactions) amounted to Rs. 89.26 million (1.24% of revenue from operations) for Fiscal 2026, Rs. 56.99 million (1.13% of revenue from operations) for Fiscal 2025 and Rs. 60.59 million (1.54% of revenue from operations) for Fiscal 2024. There can be no assurance that such transactions, individually or in the aggregate, may not involve potential conflicts of interest which could have an adverse effect on our business, results of operations, cash flows and financial condition.

8. Change of regulatory policies and economic incentives risk:

Our business depends on a supportive policy and regulatory framework, including government incentives, renewable purchase obligations and favourable auction structures. Any reduction, modification or cancellation of such incentives or policy support could adversely impact the viability and profitability of our projects. We are also required to maintain numerous approvals, licences, registrations and permits, and any failure to obtain, renew or maintain these could interrupt our operations. Non-compliance with applicable environmental, health and safety laws could result in fines, curtailment of operations or criminal sanctions, and any changes in laws or regulations may require significant additional compliance expenditure, any which could adversely affect our business, cash flows, financial condition and results of operations.

9. Lease termination and non-renewal risk:

We do not own a majority of the land on which our projects are located or will be located, and our Registered Office and Corporate Office are held on lease from third parties. If these leases or sub-leases are terminated or not renewed on terms acceptable to us, it could adversely affect our business, results of operations and cash flows.

10. Utilization of a portion of Net Proceeds for repayment of loan facilities from an affiliate of a Book Running Lead Manager:

A portion of our Net Proceeds may be used to repay or pre-pay certain loan facilities availed from The Hongkong and Shanghai Banking Corporation Limited. While HSBC Securities and Capital Markets (India) Private Limited is one of our Book Running Lead Managers and The Hongkong and Shanghai Banking Corporation Limited is an affiliate of our Book Running Lead Managers, these loans were sanctioned in the ordinary course of business and are not considered a conflict under applicable SEBI Regulations. The Board has chosen the loans and facilities to be repaid/prepaid based on commercial considerations. However, the use of Net Proceeds for repayment of such loans may still be perceived as a potential conflict of interest.

11. The price to earnings ratio based on diluted EPS for Financial Year 2026 is 257.83 and 271.08 times at the lower and upper end of the Price Band respectively.

12. The weighted average return on net-worth for Fiscals 2026, 2025 and 2024 is 1.34%.

13. Set forth below are details of the price at which specified securities were acquired in the last three years preceding the date of the Prospectus by each of our Promoters, Promoter Group and shareholders entitled with the right to nominate directors or any other rights:

*As certified by ARAJ & Associates LLP, Chartered Accountants, bearing firm registration number 023981N/N500116, by way of their certificate dated July 23, 2026.

(1) Consideration for such Equity Shares (issued pursuant to conversion of CCDs) was paid at the time of issuance of such CCDs, which were acquired at a price of Rs. 100 per CCD in two tranches (the date of allotment of CCDs 1 and CCDs 2 was July 30, 2024 and September 10, 2024, respectively).

(2) Pursuant to a resolution dated July 24, 2024 and July 30, 2024 approved by our Shareholders and Board, respectively, 40,000,000 compulsorily convertible debentures ("CCDs 1") were allotted to Juniper Renewable Holdings Pte. Ltd. Thereafter, pursuant to a resolution dated July 24, 2024 and September 10, 2024 approved by our Shareholders and Board, respectively, 16,350,000 compulsorily convertible debentures ("CCDs 2", together with CCDs 1, "CCDs") were allotted to Juniper Renewable Holdings Pte. Ltd. Subsequently, pursuant to a resolution dated December 20, 2024 approved by our Board, all 56,350,000 CCDs were converted into 5,782,333 equity shares and allotted to Juniper Renewable Holdings Pte. Ltd. on December 20, 2024. Accordingly, as on the date of the Prospectus, there are no outstanding CCDs.

(3) Also a shareholder with nomination right. For further details, see section titled "History and Certain Corporate Matters - Details of the Shareholders' Agreement and other material agreements" on page 409 of the Prospectus.

14. Weighted average cost of acquisition of all Equity Shares transacted during the last one year, 18 months and three years from the date of the Prospectus:

#As certified by ARAJ & Associates LLP, Chartered Accountants, bearing firm registration number 023981N/N500116, by way of their certificate dated August 3, 2026.

(1)Weighted average cost of acquisition has been arrived at by considering only the cost of shares transacted by the Promoters on account of any further issue, conversion of CCDs, bonus issue or secondary transfers, i.e., the cost paid or received by the Promoters for transactions in Equity Shares, divided by the total number of Equity Shares transacted.

(2)Nil represents cost of Equity Shares acquired pursuant to a bonus issue (at no consideration).

(3)The details in the table above have been calculated for all the Equity Shares acquired by the Promote.

15. Weighted average cost of acquisition, Floor Price and Cap Price

The Floor Price is 6.05 times and the Cap Price is 6.36 times the weighted average cost of acquisition based on Primary Issuances and Secondary Transactions as disclosed below:

#As certified by ARAJ & Associates LLP, Chartered Accountants, bearing firm registration number 023981N/N500116, by way of their certificate dated August 3, 2026.

^Taking into consideration cost of Equity Shares issued pursuant to a bonus issue which are issued at no consideration.

16. The four BRLMs associated with the Issue have handled 94 public issues in the past three years out of which 28 issues closed below the issue price on listing date:

The Issue was made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Issue was made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to QIBs (the "QIB Portion"), provided that our Company, in consultation with the Book Running Lead Managers, allocated to 60% of the QIB Portion to Anchor Investors and the basis of such allocation was on a discretionary basis by our Company, in consultation with the Book Running Lead Managers, in accordance with the SEBI ICDR Regulations (the "Anchor Investor Portion"), of which, (i) 33.33% was available for allocation to domestic Mutual Funds, and (ii) 6.67% or for Life Insurance Companies and Pension Funds, subject to valid Bids received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription in (ii) above, the allocation was made available to domestic Mutual Funds. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares could have been added to the QIB Portion (other than Anchor Investor Portion) ("Net QIB Portion"). Further, 5% of the Net QIB Portion was available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids received at or above the Issue Price, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue was available for allocation to Non-Institutional Investors ("Non-Institutional Category" or "Non-Institutional Portion") of which one-third of the Non-Institutional Category was available for allocation to Bidders with an application size of more than Rs. 200,000 and to Rs. 1,000,000 and two-thirds of the Non-Institutional Category was available for allocation to Bidders with an application size of more than Rs. 1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Category were allocated to Bidders in the other sub-category of Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids received at or above the Issue Price. Further, not less than 35% of the Net Issue was available for allocation to Retail Individual Investors ("Retail Category" or "Retail Portion"), in accordance with the SEBI ICDR Regulations, subject to valid Bids received from them at or above the Issue Price. All Bidders (except Anchor Investors) were required to mandatorily participate in this Issue only through the Application Supported by Blocked Amount ("ASBA") process and were required to provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount were blocked by the Self Certified Syndicate Banks ("SCSBs") or the Sponsor Bank(s), as the case may be. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. Further, Equity Shares were allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids having been received from them at or above the Issue Price. For details, see "Issue Procedure" on page 710 of the Prospectus.

The Bidding for Anchor Investors opened and closed on Wednesday, July 29, 2026. The Company received 31 applications from 16 Anchor Investors for 24,862,266 Equity Shares. The Anchor Investor Issue Price was finalized at Rs. 225 per Equity Share. A total of 23,973,333 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 5,393,999,925.00/-.

The Issue received 219,790 applications for 494,594,562 Equity Shares (including applications from Anchor Investors and prior to rejections considering only valid bids) resulting in 6.18 times subscription. The details of the applications received in the Issue from various categories (including Anchor Investors) are as under (before rejections):

*This excludes 1,445 applications for 118,734 Equity Shares aggregating to Rs. 26,804,448/- from Retail Individual which were not in bid book but which were banked.

A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on August 04, 2026.

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Issue Price of Rs. 225 /- per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.94602 times (after rejections). The total number of Equity Shares Allotted in Retail Portion is 26,459,070 Equity Shares to 199,486 successful Retail Individual InvestoRs. The category-wise details of the Basis of Allotment are as under:

Unsubscribed Portion of 1,509,819 Equity Shares has been spilled over to QIB and NIB Categories in the ratio of 50:15.

The Basis of Allotment to the Non-Institutional Investors (More than Rs. 200,000 and up to Rs. 1,000,000), who have bid at the Issue Price of Rs. 225/- per Equity Share was finalized in consultation with NSE. The sub-category of the Non-Institutional Portion comprising Non-Institutional Investors Bidding (More than Rs. 2,00,000 and up to Rs. 1,000,000 has been subscribed to the extent of 1.53407 times (after rejections). The total number of Equity Shares Allotted in this category is 4,111,695 Equity Shares (i.e., Includes spilled over of 116,140 Equity Shares from Retail Category) to 4,449 successful Non-Institutional InvestoRs. The category-wise details of the Basis of Allotment are as under:

Please Note : 1 (One) lot of 924 shares have been allocated to all the 12 Non Allottees Applicants excluding the 27 successful Allottees in category ( 1650, 1782, 2244) in the ratio of 2 : 12

Please Note : 1 additional Share shall be allocated to 454 successful Applicants from Categories 990 to 4422 (excluding category 924) in the ratio of 1:1

Please Note : 1 additional Share shall be allocated to 454 successful Applicants from Categories 990 to 4422 (excluding category 924) in the ratio of 365 : 454

The Basis of Allotment to the Non-Institutional Investors (More than Rs. 1,000,000), who have bid at the Issue Price of Rs. 225 Equity Share was finalized in consultation with the NSE. The sub-category of the Non-Institutional Portion comprising Non-Institutional Investors Bidding above 2,03130 has been subscribed to the extent of 2.031295 times (after rejections). The total number of Equity Shares Allotted in this category is 8,223,392 Equity Shares (i.e., Includes spilled over of 232,280 Equity Shares from Retail Category) to 3,104 successful applicants Non-Institutional Investor. The category-wise details of the Basis of Allotment are as under (Sample):

Please Note : 1 additional Share has been allocated to Category 4488 in the ratio of 331 : 728

The Basis of Allotment to the Eligible Employees, who have bid at the Issue Price of Rs. 225 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 1.41776 times. The total number of Equity Shares allotted in this category is 98,039 Equity Shares to 281 successful applicants. The category-wise details of the Basis of Allotment are as under:

Note:1 additional share has been allocated to Category 132 in the ratio of 31 : 55 Note:49 Applications form above 2 Lakhs Categories have been added to Category 924 (initially having 2 Applicants) for proportionate allotment.

Allotment to QIBs (excluding Anchor Investors), who have Bid at the Issue Price of Rs. 225/- per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 24.42800 times of Net QIB Portion (after rejection). Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 857,182 Equity Shares (i.e., Includes spilled over of 58,070 Equity Shares from Retail Category) and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 16,286,439 Equity Shares (i.e., Includes spilled over of 1,103,329 Equity Shares from Retail Category) on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 17,143,621 Equity Shares (i.e., including Spilled over of 1,161,399 Equity Shares from Retail Individual Investors category), which were allotted to 49 successful Applicants.

The Company, in consultation with the BRLMs has allotted 23,973,333 Equity Shares to 16 Anchor Investors (through 31 Anchor Investor Application Forms, including 9 domestic Mutual Funds through 24 Mutual Fund schemes) at an Anchor Investor Issue Price of Rs. 225/- per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of total QIB portion.

The IPO Committee of our Company at its meeting held on August 04, 2026, has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and allotment resolution was passed on August 04, 2026. The Allotment Advice-cum-Unblocking intimations have been dispatched to the email id of the Investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on August 04, 2026 and payments to non-Syndicate brokers have been issued on August 05, 2026. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on August 05, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company filed the Listing application with BSE and NSE on August 05, 2026. The Company has received listing and trading approval from NSE and BSE and the trading will commence on August 06, 2026.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

The details of the Allotment made will be hosted on the website of the Registrar to the Issue, KFin Technologies Limited at www.kfintech.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

KFin Technologies Limited

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai 400 070, Maharashtra, India

Tel.: +91 40 6716 2222; E-mail: junipergreen.ipo@kfintech.com; Website: www.kfintech.com; Investor Grievance ID: einward.ris@kfintech.com

Contact Person: M Murali Krishna; SEBI Registration Number: INR000000221

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF JUNIPER GREEN ENERGY LIMITED.

Juniper Green Energy Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the Prospectus dated August 3, 2026 with the RoC. The Prospectus is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.junipergreenenergy.com/investors/   and the websites of the Book Running Lead Managers, namely, ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited at www.icicisecurities.com, www.business.hsbc.co.in, www.jmfl.com and https://investmentbank.kotak.com. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled "Risk Factors" on page 25 of the Prospectus. Potential investors should not rely in the draft red herring prospectus dated June 27, 2025 for making any investment decision but should only rely on the information included in the Prospectus filed by the Company with the RoC, SEBI and Stock Exchanges. This announcement is not an issue of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States.

The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) in the United States only to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act and referred to in the Prospectus as "U.S. QIBs", and, for the avoidance of doubt, the term U.S. QIBs does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the Prospectus as "QIBs") in transactions exempt from, or not subject to the registration requirements of the U.S. Securities Act and (b) outside the United States in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.