Acquisition

Date : 09.07.2026 To, To, The General Manager, Manager-Listing Compliance, Department of Corporate National Stock Exchange of India Services, BSE Limited Limited, Exchange Plaza, C-1, Block Phiroze Jeejeebhoy Towers G, Bandra Kurla Complex, Bandra Dalal Street, East, Mumbai – 400 051 Mumbai- 400 001 Symbol: CEIGALL Scrip Code:544223 ISIN: INE0AG901020 ISIN: INE0AG901020 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with our earlier intimation dated 09th January, 2026, we wish to inform you that, in accordance with the powers delegated by the Board of Directors of Ceigall India Limited ("the Company"), the Management Committee of the Board of Directors, at its meeting held today, i.e., 09th July, 2026, has, inter alia, approved: 1. The creation of security in connection with the Rupee Term Loan facility sanctioned to Velgaon Power Transmission Limited, a wholly owned subsidiary of the Company and the project special purpose vehicle ("Project SPV"), for financing the project; and 2. Further investment in Project SPV through equity share capital and to provide loans, securities, guarantees as per the fund requirements. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are enclosed as Annexure – I. The meeting of the Management Committee of the Board of Directors commenced at 02:15 P.M. (IST) and concluded at 02:45 P.M. (IST). The above information is uploaded on the website of the company www.ceigall.com You are requested to take the above information on your record. Thanking you, Yours faithfully, FOR CEIGALL INDIA LIMITED MEGHA KAINTH Company Secretary Membership no: F7639 Annexure – I Details which a listed entity needs to disclose for the events that are deemed to be material as specified in Para A of Part A of Schedule III of the LODR Regulations S. No. Particulars Details of Information a) N ame of the target entity, details Name of the Target Entity: in brief such as size, turnover etc.; Velgaon Power Transmission Limited, a wholly owned subsidiary of the Company and the project special purpose vehicle ("Project SPV"), Authorized & Paid-up Share Capital: 5,00,000/- (Rupees 5 Lakh only) divided into 50,000 equity shares of ₹10/- each Size/Turnover: NIL b) W hether the acquisition would The acquisition of equity shares involves no related fall within related party party transaction except as a Wholly Owned transaction(s) and whether the Subsidiary Company. promoter/ promoter group/ group companies have any interest in the entity being No promoter/promoter group/group companies have acquired? If yes, nature of interest any interest in the entity in which shares are acquired. and details thereof and whether the same is done at “arm’s length”; c) I ndustry to which the entity being Power Transmission & Distribution acquired belongs; d) O bjects and impact of acquisition Ceigall India Limited (“Company”) was identified as (including but not limited to, the Selected Bidder vide Letter of Intent Ref. No: disclosure of reasons for RECPDCL/TBCB/Velgaon/2025-26/2898 dated 23rd acquisition of target entity, if its November 2025 for Project “Establishment of business is outside the main line 400/220 kV Velgaon Substation (GIS) through Tariff of business of the listed entity); based Competitive Bidding (TBCB) Process.” As a condition of RFP of the Project, a Share Purchase Agreement was executed, on 09th January 2026, between REC Power Development and Consultancy Limited and the Company whereby the Project SPV i.e. Velgaon Power Transmission Limited became the 100% subsidiary of Ceigall India Ltd. For the implementation of the project, Company is required to infuse funds in Project SPV. e) B rief details of any governmental No Approvals are required or regulatory approvals required for the acquisition; f) I ndicative time period for Acquisition will be in tranches as per fund completion of the acquisition; requirement of the Project g) C onsideration - whether cash Consideration in Cash consideration or share swap or any other form and details of the same; h) C ost of acquisition and/or the The Company is required to infuse ₹109.19 crore into price at which the shares are the project SPV by way of equity shares, unsecured acquired; loan, or such other instrument as per the fund requirements. i) P ercentage of shareholding / 100 % control acquired and / or number of shares acquired; j) B rief background about the entity Line of Business: Power Transmission & Distribution. acquired in terms of products/line of business Date of Incorporation: 29/03/2025 acquired, date of incorporation, history of last 3 years turnover, History of Last 3 Years Turnover: Project SPV is yet country in which the acquired to commence its operations entity has presence and any other significant information (in brief); Country in which the acquired entity has presence: India **************