Acquisition

HGIEL/HO/COMPLIANCE/2026-27/666 June 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai- 400 001 Mumbai- 400 051 Scrip Code- 541019/977063 Scrip Symbol- HGINFRA Dear Sir/Madam, Sub: Intimation for execution of Share Purchase Agreement for acquiring 100% Equity Shares of WR ER Part C Power Transmission Limited In continuation of our earlier announcements dated May 27, 2026 and June 13, 2026, we wish to inform you that, in terms of the Request for Proposal (RFP) and the Letter of Award of the project, the Company was required to execute a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited for the acquisition of 100% of the equity shares of WR ER Part C Power Transmission Limited, Special Purpose Vehicle (SPV) for undertaking the said project. Accordingly, the Company has executed a Share Purchase Agreement with REC Power Development on June 30, 2026 at about 07:00 p.m. IST and has acquired 100% of the equity shares of WR ER Part C Power Transmission Limited. In this connection, please find enclosed herewith the details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as Annexure A. You are requested to kindly take the same on record. Thanking you, Yours faithfully, For H.G. Infra Engineering Limited Ankita Mehra Company Secretary & Compliance Officer Mem. No. – A33288 Encl.: As above ANNEXURE “A” Sr. No. Particulars Details A. Name of the target entity, details in brief WR ER Part C Power Transmission Limited such as size, turnover etc. 1. Authorized Share Capital: Rs. 500,000/- 2. Paid-Up Share Capital: Rs. 500,000/- 3. Turnover: Not applicable B. Whether the acquisition would fall No within related party transaction(s) and whether the promoter/ promoter group/ group 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”. C. Industry to which the entity being Construction/ operation and maintenance of acquired belongs Power Transmission System Network D. Objects and effects of acquisition The acquisition has been undertaken pursuant to (including but not limited to, disclosure the terms of the Request for Proposal (RFP) and of reasons for acquisition of target entity, Letter of Award, for the project. if its business is outside the main line of The business of the target entity is in line with business of the listed entity) the Company's infrastructure business and supports the Company's strategic objective of expanding its presence in the power transmission sector. WR ER Part C Power Transmission Limited will aim to establish Inter-State Transmission System for “WR-ER Inter - Regional Network Expansion Scheme – Part C” E. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition F. Indicative time period for completion of June 30, 2026 the acquisition G. Nature of consideration - whether cash Cash consideration or share swap and details of the same. H. Cost of acquisition or the price at which 50,000 Equity Shares @ Face value of Rs. 10/- the shares are acquired; each amounting to Rs. 500,000/- I. Percentage of shareholding / control 100% acquired and / or number of shares acquired; J. Brief background about the entity WR ER Part C Power Transmission Limited is acquired in terms of products/line of incorporated in India and registered with the business acquired, date of incorporation, Registrar of Companies, NCT of Delhi- I on history of last 3 years turnover, country November 06, 2025. in which the acquired entity has presence and any other significant information (in brief); History of last 03 years turnover – Nil