Acquisition

Dt. 30.06.2026 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 WR ER Part A Power 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 the successful bidder under Tariff based competitive bidding, has on 30.06.2026 acquired WR ER Part A Power Transmission Limited, the Project SPV to establish Inter-State Transmission system for “WR-ER Inter-Regional Network Expansion Scheme Part-A”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – REC Power Development and Consultancy Limited (RECPDCL). The project comprises establishment of 2 new 765/400kV Sub-stations in the states of Jharkhand and Chhattisgarh, respectively. Further, the project involves extension of existing Sub-stations in the states of Chhattisgarh and West Bengal along with construction of 765kV & 400kV transmission line traversing through the states of Jharkhand, Chhattisgarh and Odisha. 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 such WR ER Part A Power Transmission Limited 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 as promoter/ promoter group/ group companies regards related party transaction. 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 WR ER Part A Power Transmission Limited has been but not limited to, disclosure of reasons for acquired by POWERGRID pursuant to POWERGRID acquisition of target entity, if its business is emerging as the successful bidder under Tariff Based outside the main line of business of the listed Competitive Bidding. WR ER Part A Power entity); Transmission Limited is engaged in the business as that of POWERGRID i.e. transmission of power. के(cid:574)ीय काया(cid:330)लय: "सौदािमनी", (cid:600)ॉट नंबर 2, से(cid:387)र -29, गु(cid:348)(cid:356)ाम -122001, (ह(cid:303)रयाणा) दूरभाष: 0124-2822999 & 2822000 Corporate Office: “Saudamini”, Plot No. 2, Sector-29, Gurugram-122001, (Haryana) Tel.: 0124-2822999 & 2822000 पंजीकृत काया(cid:330)लय: बी -9, कुतुब इं(cid:720)ी(cid:488)ूशनल ए(cid:303)रया, कटवा(cid:303)रया सराय, नई िद(cid:671)ी -110 016. दूरभाष: 011-26560112, 26560115 & 26560193, CIN: L40101DL1989GOI038121 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 5. Brief details of any governmental or WR ER Part A Power Transmission Limited was regulatory approvals required for the incorporated on 06.11.2025 by the Bid Process acquisition; Coordinator as per the “Guidelines Encouraging Competition in Development of Transmission Projects” and “Tariff based Competitive-bidding Guidelines for Transmission Service” notified by Ministry of Power (MoP). Requisite approvals were obtained by the Bid Process Coordinator for transfer of WR ER Part A Power Transmission Limited. Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by WR ER Part A Power Transmission Limited after the acquisition by POWERGRID. 6. Indicative time period for completion of the WR ER Part A Power Transmission Limited was acquisition; acquired as per the timelines furnished by Bid Process Coordinator. 7. Consideration - whether cash consideration or share swap or any other form and detail of Cash consideration as detailed at S. No. 8 below. the same; 8. Cost of acquisition and/or the price at which WR ER Part A Power Transmission Limited was the shares are acquired; acquired for an aggregate value of about Rs. 18.62 Crore including 50,000 equity shares at par at Rs. 10/- each along with assets and liabilities of WR ER Part A Power Transmission Limited as on the acquisition date (30.06.2026). 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 acquired 100% and / or number of shares acquired; and 10. Brief background about the entity acquired in WR ER Part A Power Transmission Limited shall be terms of products/line of business acquired, engaged in the business of transmission of power. date of incorporation, history of last 3 years turnover, country in which the acquired entity WR ER Part A Power Transmission Limited was has presence and any other significant incorporated on 06.11.2025 by Bid Process information (in brief). Coordinator. WR ER Part A Power Transmission Limited is yet to start commercial operation, as such no turnover has been recorded during last 3 years. WR ER Part A Power Transmission Limited will be operating in India. Thanking You, Yours faithfully, (Anjana Luthra) Company Secretary & Compliance Officer के(cid:574)ीय काया(cid:330)लय: "सौदािमनी", (cid:600)ॉट नंबर 2, से(cid:387)र -29, गु(cid:348)(cid:356)ाम -122001, (ह(cid:303)रयाणा) दूरभाष: 0124-2822999 & 2822000 Corporate Office: “Saudamini”, Plot No. 2, Sector-29, Gurugram-122001, (Haryana) Tel.: 0124-2822999 & 2822000 पंजीकृत काया(cid:330)लय: बी -9, कुतुब इं(cid:720)ी(cid:488)ूशनल ए(cid:303)रया, कटवा(cid:303)रया सराय, नई िद(cid:671)ी -110 016. दूरभाष: 011-26560112, 26560115 & 26560193, CIN: L40101DL1989GOI038121 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