General Updates

No: 1:05:138:I:CS Dated: 29.08.2026 National Stock Exchange of India Limited BSE Limited, Listing Department, Exchange Plaza, Department of Corporate Services, Bandra – Kurla Complex, Bandra (E) Floor – 25, PJ Towers, Dalal Street, MUMBAI – 400 051. MUMBAI – 400 001. िल(cid:304)(cid:720)ंग िवभाग, ए(cid:411)च(cid:336)ज (cid:600)ाजा, कॉप(cid:342)रेट सेवाएं िवभाग, मंिजल- 25, बां(cid:363)ा-कु ला(cid:330) कॉ(cid:817)(cid:600)े(cid:411), बां(cid:363)ा (पू), मुंबई-400 051 पी .जे .टावस(cid:330), दलाल (cid:720)(cid:332)ीट, मुंबई-400001 Sub: Transfer of Fatehgarh II Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (wholly owned subsidiary of Power Finance Corporation Limited). Madam/Sir, This is to inform that the following wholly owned subsidiary of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) has been transferred to Power Grid Corporation of India Limited, the successful bidders on 28.08.2026. Fatehgarh II Transmission Limited established for the development of "Installation of 2 Nos. of Synchronous Condensers (SynCon) units at 765/400/220 kV Fatehgarh-II PS". The details relating to said transaction are as under:- Sl. Particulars Details Fatehgarh II Transmission Limited 1. The amount and percentage of the turnover or revenue or income and net Negligible worth contributed by such unit or division of the listed entity during the last financial year. 2. Date of which the agreement for sale has The process for sale and transfer of the said SPV to the been entered into. successful bidder is completed on 28.08.2026. 3. The expected date of completion of sale/disposal. 4. Consideration received from such Rs. 19,11,35,596/- (Rupees Nineteen Crore Eleven Lakh sale/disposal. Thirty Five Thousand Five Hundred Ninety Six Only) as per the Share Purchase Agreement. 5. Brief details of buyer and whether the Name of the successful bidder: Power Grid buyers belong to the promoter/ promoter Corporation of India Limited group/ group companies. If yes, details thereof. It is pertinent to mention that the successful Bidder mentioned above, does not belong to Promoter and Promoter group. 6. Whether the transaction would fall within The transaction does not fall within the purview of related party transactions? If yes, whether related party transaction. the same is done at “arm’s length”. 7. Whether the transaction is in the nature of The proposal for sale and transfer of the wholly-owned Slump Sale. subsidiary of PFC Consulting Limited, to the successful bidder as per details given in Point no. 5 above, is not in the nature of slump sale. Further, the consideration for sale & transfer of SPVs is determined in accordance with the Guidelines issued, from time to time, by the Ministry of Power, Government of India. This is for your kind information and dissemination. ध(cid:586)वाद। Thanking You. Yours faithfully, For Power Finance Corporation Limited (Manish Kumar Agarwal) Company Secretary & Compliance Officer mk_agarwal@pfcindia.com