Acquisition

Date : 03.11.2026 To, To, The General Manager, Manager-Listing Compliance, Department of Corporate National Stock Exchange of India Services, BSE Limited Limited, Exchange Plaza, C-1, Block Phiroze Jeejeebhoy Towers G, Bandra Kurla Complex, Bandra Dalal Street, East, Mumbai – 400 051 Mumbai- 400 001 Symbol: CEIGALL Scrip Code:544223 ISIN: INE0AG901020 ISIN: INE0AG901020 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with our earlier intimation dated 10th June, 2026, we wish to inform you that, in accordance with the powers delegated by the Board of Directors of Ceigall India Limited ("the Company"), the Management Committee of the Board of Directors, at its meeting held today, i.e., 03rd November, 2026, has, inter alia, approved: 1. The creation of security in connection with the Rupee Term Loan facility sanctioned to Ceigall Ambala Chandigarh Zirakpur Limited, a step-down subsidiary of the Company and the project special purpose vehicle ("Project SPV"), for financing the project; and 2. Further investment in Project SPV through equity share capital and to provide loans, securities, guarantees as per the fund requirements. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are enclosed as Annexure – I. The meeting of the Management Committee of the Board of Directors commenced at 02:30 P.M. (IST) and concluded at 02:45 P.M. (IST). The above information is uploaded on the website of the company www.ceigall.com You are requested to take the above information on your record. Thanking you, Yours faithfully, FOR CEIGALL INDIA LIMITED MEGHA KAINTH Company Secretary Membership no: F7639 Annexure – I Details which a listed entity needs to disclose for the events that are deemed to be material as specified in Para A of Part A of Schedule III of the LODR Regulations S. No. Particulars Details of Information a) N ame of the target entity, details Name of the Target Entity: in brief such as size, turnover etc.; Ceigall Ambala Chandigarh Zirakpur Limited, a step-down subsidiary of the Company and the project special purpose vehicle ("Project SPV"), Authorized & Paid-up Share Capital: 1,00,000/- (Rupees One Lakh only) divided into 10,000 equity shares of ₹10/- each Size/Turnover: NIL b) W hether the acquisition would The acquisition of equity shares involves no related fall within related party party transaction except as a Step-Down Subsidiary transaction(s) and whether the Company. promoter/ promoter group/ group companies have any interest in the entity being No promoter/promoter group/group companies have acquired? If yes, nature of interest any interest in the entity in which shares are acquired. and details thereof and whether the same is done at “arm’s length”; c) I ndustry to which the entity being Infrastructure Development Industry acquired belongs; d) O bjects and impact of acquisition Ceigall Infra projects Private Limited (‘CIPPL’), a (including but not limited to, Wholly Owned Subsidiary of Ceigall India Limited disclosure of reasons for (“Company”) was identified as the Selected Bidder acquisition of target entity, if its vide Letter of Award dated 27th March 2026 National business is outside the main line Highways Authority of India for the “Construction of 6- of business of the listed entity); lane access controlled Spur connectivity starting from Ch. 15+100 of Ambala – Chandigarh section of NH- 205A and terminating at Ch. 2+500 of Zirakpur Bypass (Total length 10.300 Km) under NH(O) in the state of Punjab on Hybrid Annuity Mode. The Project SPV, Ceigall Ambala Chandigarh Zirakpur Limited, was incorporated to execute the project, with the Company and CIPPL holding 26% and 74% of its equity share capital, respectively. For the implementation of the project, Company is required to infuse funds in Project SPV. e) B rief details of any governmental No Approvals are required or regulatory approvals required for the acquisition; f) I ndicative time period for Acquisition will be in tranches as per fund completion of the acquisition; requirement of the Project g) C onsideration - whether cash Consideration in Cash consideration or share swap or any other form and details of the same; h) C ost of acquisition and/or the The Company (along with CIPPL) is required to infuse price at which the shares are Rs. 86.32 crores, out of which Rs. 17.26 crores shall be acquired; infused by way of equity share capital and balance of Rs. 69.06 crores in the form of unsecured loan, or such other instrument as per the fund requirements. i) P ercentage of shareholding / 26% by Ceigall India Limited control acquired and / or number of shares acquired; 74% by Ceigall Infra Projects Private Limited j) B rief background about the entity Line of Business: Infrastructure Development. acquired in terms of products/line of business Date of Incorporation: 28th April 2026 acquired, date of incorporation, history of last 3 years turnover, History of Last 3 Years Turnover: Project SPV is yet country in which the acquired to commence its operations entity has presence and any other significant information (in brief); Country in which the acquired entity has presence: India **************