Sterling and Wilson International Solar FZCO (SWFZCO), wholly
owned subsidiary of Sterling & Wilson Solar (the Company) held 25,08,000 fully paid Equity Shares of AUD 1 each representing 76% of the share capital of GCO Solar (GCO), subsidiary of SWFZCO.
Further, SWFZCO has informed the Company that it has acquired the balance 7,92,000 fully
paid up Equity Shares of GCO thereby increasing its aggregate shareholding to 33,00,000 fully
paid up Equity Shares representing 100% share capital of GCO consequent to which GCO is
now the wholly owned subsidiary of SWFZCO.
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