Acquisition

Dt. 28.08.2026 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 Fatehgarh II 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 28.08.2026 acquired Fatehgarh II Transmission Limited, the Project SPV to establish Inter-State Transmission system for “Installation of 2 Nos. of Synchronous Condensers (SynCon) units at 765/400/220kV Fatehgarh-II PS”, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator – PFC Consulting Limited (PFCCL). The project comprises installation & commissioning of 2 number of Synchronous Condensers (SynCon) at Fatehgarh-II PS along with associated bays. 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 Fatehgarh II Transmission Limited in brief such as size, turnover etc.; 2. Whether the acquisition would fall No. within related party transactions Prior to acquisition, POWERGRID had no interest as and whether the promoter/ regards related party transaction. 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"; 3. Industry to which the entity being Power Transmission acquired belongs; 4. Objects and impact of acquisition Fatehgarh II Transmission Limited has been acquired by (including but not limited to, POWERGRID pursuant to POWERGRID emerging as the disclosure of reasons for successful bidder under Tariff Based Competitive Bidding. acquisition of target entity, if its Fatehgarh II Transmission Limited is engaged in the business is outside the main line business as that of POWERGRID i.e. transmission of of business of the listed entity); power. 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 5. Brief details of any governmental Fatehgarh II Transmission Limited was incorporated on or regulatory approvals required 06.05.2026 by the Bid Process Coordinator as per the for the acquisition; “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 Fatehgarh II Transmission Limited. Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by Fatehgarh II Transmission Limited after the acquisition by POWERGRID. 6. Indicative time period for Fatehgarh II Transmission Limited was acquired as per the completion of the acquisition; timelines furnished by Bid Process Coordinator. 7. Consideration - whether cash consideration or share swap or Cash consideration as detailed at S. No. 8 below. any other form and detail of the same; 8. Cost of acquisition and/or the price Fatehgarh II Transmission Limited was acquired for an at which the shares are acquired; aggregate value of about Rs. 19.11 Crore including 10,000 equity shares at par at Rs. 10/- each along with assets and liabilities of Fatehgarh II Transmission Limited as on the acquisition date (28.08.2026). 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 / 100% control acquired and / or number of shares acquired; and 10. Brief background about the entity Fatehgarh II Transmission Limited shall be engaged in the acquired in terms of products/line business of transmission of power. of business acquired, date of incorporation, history of last 3 Fatehgarh II Transmission Limited was incorporated on years turnover, country in which 06.05.2026 by Bid Process Coordinator. Fatehgarh II the acquired entity has presence Transmission Limited is yet to start commercial operation, and any other significant as such no turnover has been recorded during last 3 years. information (in brief). Fatehgarh II Transmission Limited 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