Acquisition

Dt. 29.06.2026 To To The General Manager (Listing), The General Manager (Listing), National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C 1/G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai. Bandra (East), Mumbai. Reference: NSE-SCRIP ID: POWERGRID; BSE Scrip Code: 532898 EQ – ISIN: INE752E01010 Sub.: Acquisition of Kakinada I Transmission Limited by POWERGRID under TBCB route. Dear Sir, In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Power Grid Corporation of India Limited, pursuant to its selection as successful bidder under Tariff based competitive bidding, has on 29.06.2026 acquired Kakinada I Transmission Limited, the Project SPV to establish “Transmission system for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I)”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting Limited (PFCCL). The project comprises establishment of a new 765/400kV GIS Sub-station along with STATCOM and 765kV transmission line works in the state of Andhra Pradesh. The other information as per relevant provisions of SEBI Master Circular dt. 30.01.2026 are as under: Sl.No. Information Details 1. Name of the target entity, details in brief Kakinada I Transmission Limited (KITL) such as size, turnover etc.; 2. Whether the acquisition would fall within No. related party transactions and whether the Prior to acquisition, POWERGRID had no interest promoter/ promoter group/ group as regards related party transaction. companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"; 3. Industry to which the entity being acquired Power Transmission belongs; 4. Objects and impact of acquisition (including KITL has been acquired by POWERGRID but not limited to, disclosure of reasons for pursuant to POWERGRID emerging as the acquisition of target entity, if its business is successful bidder under Tariff Based Competitive outside the main line of business of the Bidding. KITL is engaged in the business as that listed entity); of POWERGRID i.e. transmission of power. 5. Brief details of any governmental or KITL was incorporated on 20.02.2025 by the Bid regulatory approvals required for the Process Coordinator as per the “Guidelines acquisition; Encouraging Competition in Development of Transmission Projects” and “Tariff based Competitive-bidding Guidelines for Transmission Service” notified by Ministry of Power (MoP). Corporate Office: “Saudamini”, Plot No. 2, Sector-29, Gurugram-122001, (Haryana) Tel.: 0124-2822999 & 2822000 Registered Office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi-110 016. Tel: 011-26560112, 26560115 & 26560193, CIN : L40101DL1989GOI0381 21 Website: www.powergrid.in Requisite approvals were obtained by the Bid Process Coordinator for transfer of KITL. Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by KITL after the acquisition by POWERGRID. 6. Indicative time period for completion of the KITL was acquired as per the timelines furnished acquisition; by Bid Process Coordinator. 7. Consideration - whether cash consideration or share swap or any other form and detail Cash consideration as detailed at S. No. 8 below. of the same; 8. Cost of acquisition and/or the price at which KITL was acquired for an aggregate value of the shares are acquired; about Rs. 20.50/- Crore including 10,000 equity shares at par at Rs. 10/- each along with assets and liabilities of KITL as on the acquisition date (29.06.2026). However, the acquisition price is subject to adjustment as per the audited accounts of the Company as on the acquisition date. 9. Percentage of shareholding / control 100% acquired and / or number of shares acquired; and 10. Brief background about the entity acquired KITL shall be engaged in the business of in terms of products/line of business transmission of power. acquired, date of incorporation, history of last 3 years turnover, country in which the KITL was incorporated on 20.02.2025 by Bid acquired entity has presence and any other Process Coordinator. KITL is yet to start significant information (in brief). commercial operation, as such no turnover has been recorded during last 3 years. KITL will be operating in India. Thanking You, Yours faithfully, (Anjana Luthra) Company Secretary & Compliance Officer Corporate Office: “Saudamini”, Plot No. 2, Sector-29, Gurugram-122001, (Haryana) Tel.: 0124-2822999 & 2822000 Registered Office: B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi-110 016. Tel: 011-26560112, 26560115 & 26560193, CIN : L40101DL1989GOI0381 21 Website: www.powergrid.in