Outcome of Board Meeting

INFRA 'PROJECTS LIMITED ENGINEERING CONSULTANTS & CONTRACTORS :.: ~1'19·' '.:c'D8 a!es f\ r,,c 2 .. 0 l1C•uoP .... ' 6 S11Jr,. 8"avan Rc;ac: \Jr. '' l"ln Parv p '.It Roat 3, 2,. -1 . P,t> l ..: ~--_ .. .,Er l ll ;;t.,,C/2t Ire L1 Te,.=.fax -":. -o • -~:"E • , ; 1 J ·--... ~ t-ct:t, 1PC." + c,.r., ',\10t :,~\/r ~er-c,riye-rts r CtN L/4-:·o:.icJ/"fi5PI 1''"•~~~~1 14th July, 2026 National Stock Exchange Limited, Listing Department, Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 SYMBOL: HECPROJECT Dear Sirs, Sub: Intimation under Regulation 30 of SEBI Listing Regulations -Proposal to form a new subsidiary We wish to inform you that the Board of Directors, in their meeting held today, have decided to form a new subsidiary of the Company in the name of 'Shivam Grid Solutions Private Limited' for the purpose of undertaking business activity relating to providing electrical, mechanical & engineering support services including technical manpower supply services. The necessary disclosure under Regulation 30 read with point 1.1.A. of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 of SEBI Listing regulations is attached herewith as Annexure I. The necessary disclosures/ updates under Regulation 30 read with point 1.1 of Para A of Part A of Schedule III of SEBJ (Listing Obligations and Disclosure Requirements) Regulations, 2015, shall be provided once the proposed subsidiary is incorporated. The meeting of the Board of Directors commenced at 4.00 pm (1ST) and concluded at 5.00 pm (1ST). Kindly take note of the same. Thanking you. HI TT s~ CRETARY COMPANY M.NO:A51011 n,, ,1/itv N rnmmitment .... ------------ INFRA 'PROJECTS LIMITED ENGINEERING CONSULTANTS & CONTRACTORS S gP\:'~" :-,ro""J3~2S (, •I., P"e ~01J~e .... : C Sn :f '-" Bra van Ruar \, i/ 3nr- Fary p; )t Crc~s Re..'") i. 3r, .. 1j~J"i ;q•,;l1E,:,F1'"1C - ,;P) (i5.1 i~t,,>3,.vt lnc 1a T81t:f.1x -f1' . -~j :~CJE 6, -,1 r4• ;...._··,,.. li.1~,21:r (' J2f•15P· C•J,;,57· Annexure I Disclosure regarding subsidiary to be incorporated: (i) name of the entity, date & The Company proposes to incorporate a subsidiary in India in the name of country of incorporation, etc.; 'Shivam Grid Solutions Private Limited'. (ii) name of holding company of The proposed private limited company to be incorporated in India would be the .incorporated company and subsidiary of our Company. relation with the listed entity; (iii) industry to which the entity The Company proposed to incorporate a subsidiary with object for providing being incorporated belongs; electrical, mechanical & engineering support services including technical (iv) brief background about the manpower supply services. entity incorporated in terms of products/ line of business; (v) brief details of any Not applicable governmental or regulatory approvals required for the incorporation; (vi) nature of consideration - The subsidiary company would be incorporated by way of subscription to the whether cash consideration or Memorandum & Articles of the proposed Company in cash. share swap and details of the same; (vii) cost of subscription / price at The company would subscribe 51 % equity shares by way of subscription to the which the shares are Memorandum & Articles of the proposed Company. subscribed; (viii) percentage of shareholding / control by the listed entity and I or number of shares allotted. FOR HEC INFRA PROJECTS LIMITED H H I:~, COMPA NY ~(WUftltl RETARY M.NO:A51011