BSECompany Update1 Sept 2026 · 1 Sept 2026, 09:57 am

The material subsidiary of the company i.e. Telge Global Inc. have entered into a Share Purchase Agreement dated August 31, 2026 (date as per USA Central Standard Time) with Wheaton Detailing ....

Telge Projects Ltd · 544544

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Telge Projects Ltd's material subsidiary, Telge Global Inc., has entered into a Share Purchase Agreement with Wheaton Detailing Services, Inc. to acquire 100% stake for $85,000. The completion is subject to satisfaction of certain conditions precedent.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Telge Projects Ltd - 544544 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

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1/09/2026 The Listing Manager BSE Limited, Phiroze Jeejebhoy Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 544544 | ISIN: INE0SRP01014 | Symbol: TELGE Sub: Intimation for signing of Share Purchase Agreement Ref: Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Dear Sir / Ma’am, In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Telge Global Inc. (Previously known as Telge Projects Inc.), a material subsidiary of the Company has entered into a Share Purchase Agreement (SPA) on August 31, 2026 (date as per USA Central Standard Time) for acquisition of 100% stake in Wheaton Detailing Services, Inc., (“WDS Inc.”). The completion of the acquisition is subject to satisfaction of certain conditions precedent as specified in the SPA. It is important to note that the Company is not a party to the Share Purchase Agreement. The said agreement was received by the Company on August 31, 2026. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is given in Annexure A to this letter. Please take the same on your record. Yours faithfully, For Telge Projects Limited Namrata Vijay Bang Company Secretary & Compliance Officer Disclosure of information pursuant to Regulation 30 - Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and updated Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Annexure A Investment in Wheaton Detailing Services, Inc., (“WDS Inc.”) by Telge Global Inc., subsidiary of the Company: Sr. Particulars Details a. I f the listed entity is a party to the agreement, Not applicable. i. details of the counterparties (including name i. Wheaton Detailing Services, Inc. (as and relationship with the listed entity); Company), will be a step-down subsidiary of the listed entity upon completion of the acquisition. b. I f listed entity is not a party to the agreement, i. name of the party entering into such an i. Telge Global Inc., - Material agreement and the relationship with the listed subsidiary Company entity; ii. Wheaton Detailing Services, Inc. (as ii. details of the counterparties to the agreement Company), and Andrew J. Wheaton (including name and relationship with the (as Seller) and Patrice Wheaton (as listed entity); Seller) - Not a Related party iii. date of entering into the agreement. iii. August 31, 2026 c. P urpose of entering into the agreement; Telge Global Inc. has entered into an agreement with Wheaton Detailing Services, Inc. to acquire 100% of the issued and outstanding ordinary share capital of Wheaton Detailing Services, Inc., thereby making it a wholly owned subsidiary of Telge Global Inc. d. S hareholding, if any, in the entity with whom the Not applicable. agreement is executed; e. S ignificant terms of the agreement (in brief); Telge Global Inc. is acquiring 100% ordinary share capital of Wheaton Detailing Services, Inc. for consideration of US $85,000 (Eighty-Five Thousand United States Dollars). It shall carry on the business of providing structural steel detailing and steel design services in USA. f. E xtent and the nature of impact on management Not applicable. or control of the listed entity; The agreement is entered into by material subsidiary of the listed company and WDS Inc. Listed company is not a party to the agreement. The listed entity shall become ultimate holding company thereby making it a wholly owned subsidiary of Telge Global Inc. g. D etails and quantification of the restriction or Not applicable. liability imposed upon the listed entity; h. W hether, the said parties are related to Telge Global Inc. is a material subsidiary promoter/promoter group/ group companies in company of listed entity. The listed any manner. If yes, nature of relationship; entity shall become ultimate holding company thereby making it a step-down subsidiary of the listed entity. i. W hether the transaction would fall within Not applicable. related party transactions? If yes, whether the same is done at “arm’s length”; j. I n case of issuance of shares to the parties, Not applicable. details of issue price, class of shares issued; Shares are not allotted to listed entity directly k. A ny other disclosures related to such Not applicable. agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; l. I n case of rescission, amendment or alteration, Not applicable. listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details and reasons for amendment or alteration and impact thereof (including impact on management or control and on the restriction or liability quantified earlier); v. reasons for rescission and impact thereof (including impact on management or control and on the restriction or liability quantified earlier).