In continuation of a prior letter dated 11th September 2026, Ceigall India Limited has intimated the BSE Limited and the National Stock Exchange of India Limited of a material event under SEBI Listing Regulation 30.

The company entered into a Share Purchase Agreement with REC Power Development and Consultancy Limited (RECPDCL) on 12th October 2026 for the acquisition of 100% of the equity shares of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL). Subsequent to this acquisition, JKJTL has become a wholly-owned subsidiary of Ceigall India Limited.

Details of the Acquisition (As per Annexure I)

b. Related Party Transaction & Promoter Interest

The transaction is not a related party transaction. The promoters, promoter group, or group companies of Ceigall India Limited have no interest in the acquisition of JKJTL.

c. Industry of Acquired Entity

JKJTL operates in the Power Transmission & Distribution industry.

d. Objects and Impact of Acquisition

The acquisition is a condition precedent for a project awarded to Ceigall. The company received a Letter of Intent (LOI) from RECPDCL (Ref. No: RECPDCL/TBCB/ Jam Khambhaliya/2026-27/2648) dated 2nd September 2026. The LOI is for the "Establishment of Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-B" which was awarded through a Tariff Based Competitive Bidding Process (TBCB). To undertake this project, the company was required to purchase the shares of JKJTL from RECPDCL, which acted as the Bid Process Coordinator.

e. Governmental or Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition.

f. Indicative Time Period for Completion

Not applicable.

g. Consideration

The acquisition was made for a cash consideration.

h. Cost of Acquisition

The aggregate consideration for acquiring 100% of JKJTL is ₹18,39,86,174 (Rupees Eighteen Crore Thirty-Nine Lakhs Eighty-Six Thousand One Hundred and Seventy-Four Only). This amount is inclusive of a subscription cost of ₹5,00,000.

i. Percentage of Shareholding Acquired

100% shareholding was acquired.

j. Background of the Acquired Entity (JKJTL)

  • Line of Business: Electric power generation, transmission, and distribution.
  • Date of Incorporation: 9th May 2026.
  • History of Last 3 Years Turnover: Not applicable, as the company was incorporated on 9th May 2026.
  • Authorized & Paid-up Share Capital: ₹5,00,000 (Rupees five Lakh only), divided into 50,000 equity shares of ₹10 each.
  • Size/Turnover: NIL.

Additional Information

The disclosure is made in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The information has also been uploaded to the company's website at www.ceigall.com.

The letter was signed by Megha Kainth, Company Secretary (ICSI Membership No: F7639), on behalf of Ceigall India Limited.

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