Acquisition

Dt. 12.10.2026 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 Jam Khambhaliya REZ 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 12.10.2026 acquired Jam Khambhaliya REZ Transmission Limited, the Project SPV to establish Inter-State Transmission system for the project namely “Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW)”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting Limited (PFCCL). The project involves the establishment of a new GIS substation at Kalyanpur (Gujarat) along with ICT augmentation and bay extension works at under-construction substations in the state of Gujarat and the construction of 765 kV transmission lines traversing the state of Gujarat. 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 Jam Khambhaliya REZ Transmission Limited such as size, turnover etc.; 2. Whether the acquisition would fall within No. related party transactions and whether Prior to acquisition, POWERGRID had no interest as regards the promoter/ promoter group/ group 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 Jam Khambhaliya REZ Transmission Limited has been (including but not limited to, disclosure of acquired by POWERGRID pursuant to POWERGRID reasons for acquisition of target entity, if emerging as the successful bidder under Tariff Based its business is outside the main line of Competitive Bidding. Jam Khambhaliya REZ Transmission business of the listed entity); 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 Jam Khambhaliya REZ Transmission Limited was regulatory approvals required for the incorporated on 29.04.2026 by the Bid Process Coordinator as acquisition; 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 Jam Khambhaliya REZ Transmission Limited. Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by Jam Khambhaliya REZ Transmission Limited after the acquisition by POWERGRID. 6. Indicative time period for completion of Jam Khambhaliya REZ Transmission Limited was acquired as the acquisition; per the timelines furnished by Bid Process Coordinator. 7. Consideration - whether cash consideration or share swap or any other Cash consideration as detailed at S. No. 8 below. form and detail of the same; 8. Cost of acquisition and/or the price at Jam Khambhaliya REZ Transmission Limited was acquired for which the shares are acquired; an aggregate value of about Rs. 19.22 Crore including 10,000 equity shares at par at Rs. 10/- each along with assets and liabilities of Jam Khambhaliya REZ Transmission Limited as on the acquisition date (12.10.2026). 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 Jam Khambhaliya REZ Transmission Limited shall be engaged acquired in terms of products/line of in the business of transmission of power. business acquired, date of incorporation, history of last 3 years turnover, country in Jam Khambhaliya REZ Transmission Limited was which the acquired entity has presence incorporated on 29.04.2026 by Bid Process Coordinator. Jam and any other significant information (in Khambhaliya REZ Transmission Limited is yet to start brief). commercial operation, as such no turnover has been recorded during last 3 years. Jam Khambhaliya REZ 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