Cosmic Pv Power Ltd IPO

We are one of the fastest growing solar photo-voltaic modules (“Solar PV Modules”) manufacturers in India, based on CAGR of 125.8% for revenue from operations for the period Fiscal 2023 to Fiscal 2025 among our peers (Source: Care Report). We commenced our manufacturing operations in 2021 with an installed Solar PV Modules manufacturing capacity of 100 MW which expanded to 1.40 GW, per annum, installed capacity as on September 30, 2025 and has grown to 3.00 GW, per annum, installed capacity as on the date of this Draft Red Herring Prospectus. We have vertically integrated operations across multiple segments of the solar value chain, with capabilities in module manufacturing as well as engineering, procurement and construction (“EPC”), and aluminium frame manufacturing, which enables us to cater to a broad range of customer requirements, from module supply to project execution and system-level integrationWe are a certified manufacturer under the Ministry of New and Renewable Energy’s Approved List of Module Manufacturers List-1, (“ALMM-I”), with an enlisted capacity of 1.30 GW as on September 30, 2025, which enables us to supply our Solar PV Modules to the government and for government assisted grid-connected utility projects as well as renewable energy projects and projects under government schemes that are mandated to source solar modules from ALMM-I certified manufacturers. Further, we have made an application for inclusion of Solar PV modules in ALMM-I for our Manufacturing Facility II. As on September 30, 2025, we operate across three business verticals: (i) manufacturing of Solar PV Modules; (ii) EPC services; and (iii) manufacturing of aluminium frames.