Outcome of Board Meeting

Date: 11.09.2026 To, To, The General Manager, Manager-Listing Compliance, Department of Corporate National Stock Exchange of India Limited, Exchange Services, BSE Limited Plaza, C-1, Block G, Bandra Kurla Complex, Bandra Phiroze Jeejeebhoy Towers East, Mumbai – 400051 Dalal Street, Mumbai- 400001 Symbol: CEIGALL Scrip Code: 544223 ISIN: INE0AG901020 I SIN: INE0AG901020 Subject: Outcome of the Board Meeting held today i.e. 11th September 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e., Friday, 11th September, 2026, inter alia have considered and approved 1) Signing of Share Purchase Agreement for acquisition of 100 % shares of project SPV - “Jam Khambhaliya Jamnagar Power Transmission Limited” (“JKJTL”), a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (“REC”). [This is in continuation of our earlier intimation dated 03rd September, 2026 regarding the Company’s receipt of the Letter of Intent from REC for the “Establishment of “Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-B” through Tariff Based Competitive Bidding Process (TBCB)]. 2) To investment by way of subscription 49% equity in the Joint Venture Company (proposed to be incorporated). The details as required under Regulation 30 read with SEBI circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure – I & II respectively. The Boad meeting commenced at 03:30 p.m. and concluded at 04:15 p.m. The above information is also placed on the website of the Company www.ceigall.com Kindly take the above on record. Thanking You, For Ceigall India Limited Megha Kainth Company Secretary & Compliance Officer ICSI Membership No: F7639 Annexure – I Sr. Particulars Disclosures a. Name of the Target Company, details in brief Name of the Company: Jam Khambhaliya Jamnagar such as size, turnover, etc. Power Transmission Limited, a wholly owned subsidiary formed by REC Power Development and Consultancy Limited Authorized & Paid-up Share Capital: Rs. 5,00,000/- (Rupees 5 Lakh only) divided into 50,000 equity shares of Rs. 10/- each Size/Turnover: NIL b. Whether the acquisition would fall within the The transaction does not fall within related party related party transaction(s) and whether the transaction. promoter /promoter group/ group companies have any interest in the entity being acquired? Post acquisition: Jam Khambhaliya Jamnagar If yes, nature of interest and details thereof Transmission Limited [JKJTL] will be wholly owned and whether the same is done at "arms length" subsidiary of Ceigall India Ltd. [CIL]. Consequently, JKJTL and CIL will be classified as Related Parties. c. Industry to which the entity being Power Transmission & Distribution incorporated belongs. d. Objects and impact of acquisition (including Ceigall India Limited received Letter of Intent (LOI) vide but not limited to, disclosure of reasons for Ref. No: RECPDCL/TBCB/ Jam Khambhaliya/2026- acquisition of target entity, if its business is 27/2648 dated 02nd September 2026, for outside the main line of business of the listed Establishment of “Common Transmission System for entity) evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-B” through Tariff Based Competitive Bidding Process (TBCB)” from REC Power Development and Consultancy Limited. As a condition of RFP of the Project, in order to undertake the Project, the Company shall purchase the Shares of Jam Khambhaliya Jamnagar Transmission Limited from REC Power Development and Consultancy Limited (“Bid Process Co-Ordinator”). e. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition f. Indicative time period for completion of the Not Applicable acquisition g. Consideration - whether Cash consideration Cash consideration or share swap and details of the same h. Cost of acquisition or the price at which shares Rs. 5,00,000/- to acquire 50,000 equity shares of Rs. are acquired 10/- each. i. Percentage of shareholding / control acquired 100% Shareholding and / or number of shares acquired. j. Brief background about the entity acquired in Brief background about the entity acquired in terms terms of products/ line of business acquired, of products /line of business acquired: Electric power date of incorporation, history of last 3 years generation, transmission and distribution. turnover, country in which the acquired entity has presence and any other significant Date of incorporation: 09th May 2026 information (in brief) History of last 3 years turnover: The Company was incorporated on 09th May 2026 hence turnover of the company for last 3 Financial Years are not applicable. Annexure – II S. No. Particulars Details of Information a) N ame of the entity, date & country of Name of the Entity: HC Concessions Limited or such other incorporation; name as may be approved by MCA Date of Incorporation: To be incorporated Country of Incorporation: India b) N ame of holding company of the HCC Infrastructure Company Limited will be the holding incorporated company and relation company of the incorporated company and is not a related with the listed entity; party of Ceigall India Limited. The incorporated company will be a joint venture of Ceigall India Limited upon incorporation. c) I ndustry to which the entity being Infrastructure Development Industry acquired belongs; d) B rief background about the entity The Company is being incorporated to undertake incorporated in terms of products / infrastructure development and construction activities, line of business; including development, construction, operation and maintenance of roads, highways, expressways, bridges, flyovers, tunnels, power and renewable energy projects, water and urban infrastructure and other infrastructure facilities in India and abroad. The Company may undertake infrastructure projects under various project models, including Build-Operate-Transfer (BOT), Hybrid Annuity Model (HAM), Build-Own-Operate- Transfer (BOOT), Design-Build-Finance-Operate (DBFO) and other similar models. The Company is also authorised to establish, invest in and undertake subsidiaries, special purpose vehicles, joint ventures and associate entities for carrying out infrastructure development, construction, operation and maintenance, project development and related activities. e) B rief details of any governmental or regulatory approvals required for the Not Applicable acquisition; f) N ature of Consideration - whether Cash Consideration cash consideration or share swap or any other form and details of the same; g) C ost of subscription / price at which Will subscribe 4,900 Equity Shares of Rs.10/- each the shares are subscribed; aggregating to Rs. 49,000/- [49%] in the JV to be incorporated h) P ercentage of shareholding / control 49% Shareholding acquired and / or number of shares allotted; **************