Sale or disposal

ISGEC ISGEC HEAVY ENGINEERING LTD. "--~-- ~ --------------------------------A--4-.-S-ec-to-,--2-4. ---...::::::::: Noida -201 301 (U.P) India (GST No.: 09AAACT5540K2Z4) Tel .. +91-120-4085000/01 /02 Fa"IC: +91-120-2412250 E-mail." corpcomm@isgec.com www.isgec.com Date: June 25, 2026 To To BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, Exchange Plaza, C-1, Block G, Mumbai - 400 001 Sandra Kurla Complex, Sandra (E) Mumbai - 400 051 Company Scrip Code: 533033 Company Symbol: ISGEC rurnlshing of Information in terms or lhe Securities and Exchange Board of India (Listing .Qb.l.ir!alions anti Disclosure Requirements) Regulations, 201s ("Listing Regulations") Subject: Update on Sale of Equity Shares in Joint Venture Company resulting in change in subsidiary status - Completion of Transaction Dear Sir(s)/Madam(s), 1. This is in furtherance to our earlier intimation dated May 08, 2026, regarding execution of an agreement with the joint venture partner, Sumitomo SHI FW Energia Oy, for sale of 5,00,000 equity shares held by the Company in Isgec SFW Boilers Private Limited ("JV Company"), representing 25% of the paid-up share capital of the JV Company. A copy of the said intimation is enclosed as Annexure-1. 2. The Company has today, June 25, 2026, successfully completed the transfer of said shares to Sumitomo SHI FW Energia Oy. Consequently, the Company's shareholding in the JV Company stands reduced from 51% to 26%. 3. Accordingly, the JV Company has ceased to be a subsidiary of the Company and has become an associate company. 4. Following completion of the transaction, the JV Company shall continue as a joint venture between the Company and Sumitomo SHI FW Energia Oy. 5. This intimation is also being disclosed on the website of the Company at www.isgec.com. 6. The above is for your information and record please. Kalyan Ghosh Compliance Officer Membership No. A10790 Address: A-4, Sector-24, Noi Uttar Pradesh GIN: L23423HR1933PLC000097 Regd. Office: Radaur Road, Yamunanagar 135 001 (Haryana) India Annexure-I ISGEC ISGEC HEAVY ENGINEERING LTD. ~~ A-4, Sector-24, Noida -201 301 (U.P.) l!'ldi,1 (GST No.: 09AAACT5540K2Z4) Date: May 08, 2026 Tel.: +91-120-4085000/01 /02 Fax: +91-120-4085100 To To www.isgec com BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, Exchange Plaza, C-1, Block G, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 Company Scrip Code: 533033 Company Symbol: ISGEC Furnishing of • ·' • ms of the Securitic • ~ change Board of India (Listint;: Obligations and Disclosure Re lations 2015 "L"st ularions" Subject: Sale of Equity Shares in Joint Venture company resulting in change in subsidiary status Dear Sir(s)/Madam(s), Pursuant to Regulation 30 and other applicable provisions of Listing Regulations, we wish to inform you that: i. The Company's subsidiary, Isgec SFW Boilers Private Limited ("JV company") is a joint venture company. ii. The Company and Sumitomo SHI FW Energia OY are the joint venture partners and hold 51 % and 49%, respectively. iii. The Company has, on May 08, 2026, entered into an agreement with other joint venture partner, Sumitomo SHI FW Energia OY for sale of its 5,00,000 equity shares of JV company, representing 25% of its share capital. iv, Pursuant to the aforesaid transaction, the shareholding of the Company in JV company will reduce to 26%. Consequently, JV company will cease to be the Company's subsidiary and will become an associate upon completion of the sale transaction. v. It is to further submit that the said JV company will continue as a joint venture between the Company and Sumitomo SHI FW Energia OY. vi. The requisite details / particulars, in terms of SEBI Circular No. H0/49/14/14(7)2025- CFDPOD2/1/3762/2026 dated January 30, 2026, read with other applicable circulars, are set out in Annexure-1. vii. This intimation is also being disclosed on the website of the Company at ~ww.isgec.com. viii. The above is for your information and record please. For lsgec Heavy Engineering Limited Kalyan Ghosh Compliance Officer Membership No. A10790 Address: A-4, Sector-24, Noida-201301, Uttar Pradesh Encl.: As above CIN.· L23423HR1933PLC000097 Regd. Office: Radaur Road, Yamunanagar 135 001 (Haryana) India ISGEC ISGEC HEAVY ENGINEERING LTD. ~ A-4, Sector-24, Noida -201 301 (U.P.) India (GST No.: 09AAACT5540K2Z4) Tel.: +91-120-4085000 I 01102 Fax: +91-120-4085100 www.isgec.com Annexure-1 Sale of Equity Shares in Joint Venture Company resulting in change in subsidiary status S.No. Particulars Description a) The amount and percentage of the turnover or Isgec SFW Boilers Private Limited is a joint venture revenue or income and net worth contributed and subsidiary company ("Target Company"). by such l:1+1-~ er division or undertaking or subsidiary er associate company of the listed Particulars Amount in Rs. Percentage entity during the last financial year 2024-25. of Consolid-ated Turnover 11,86,88,400 0.18% Net Worth 8,30,13,080 0.29% Note: The Consolidated Annual Financial Statements for the Financial Year 2025-26 are yet to be finalized and approved by the Board of Directors of the Company. Hence, the data for the financial year ended March 31, 2025, is being disclosed. b) Date on which the agreement for sale has been May 08, 2026 entered into c) The expected date of completion of June 30, 2026 sale/disposal d) Consideration received from such Consideration: sale/disposal Rs. 4 crores (Rupees Four crores only) to be received by the Company for tr;msfer of 5,00,000 equity shares (25% of the paid-up capital of Target Company) to other joint venture partner, Sumitomo SHI FW Energia OY. - -- e) Brief details of buyers and whether any of the The Buyer, Sumitomo SHI FW Energia OY, is a joint buyers belong to the promoter/ promoter venture partner, and does not belong to the group/group companies. If yes, details thereof Promoter/ group companies of the listed entity. t) Whether the transaction would fall within No related party transactions? lfyes, whether the same is done at "arm's length" g) Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations h) Additionally, in case of a slump sale, indicative Not Applicable disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. KALYAN Digitally signed by KALYAN GHOSH GHOSH Date:2026.05.08 15:35:52 +05'30' Regd. Office: Radaur Road, Yamunanagar 135 001 (Haryana) India GIN: L23423HR1933PLC000097