Scrip Code / Symbol: BSE: 544223 / NSE: CEIGALL

Nature and Purpose of the Meeting

Details of Resolutions Passed

1. Creation of Security: Approved the creation of security in connection with a Rupee Term Loan facility sanctioned to the Project SPV for financing its highway project.

2. Further Investment: Approved a further investment in the Project SPV through equity share capital and to provide loans and securities as per fund requirements. The total equity infusion is INR 29.44 Crores, with a shareholding split of 74% by Ceigall India Limited and 26% by its wholly-owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL).

Financial Impact

The total capital to be infused into the Project SPV is ₹29.44 Crores. The subsidiary's current paid-up share capital is ₹1,00,000 (Rupees One Lakh), and its turnover for FY ended 31st March 2026 was Rs. 0.40 Lakhs.

Timing of the Meeting

The meeting commenced at 11:45 A.M. (IST) and concluded at 12:05 P.M. (IST) on 19th August 2026.

Compliance References

The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.

Any Other Material Disclosure

  • Project Background: The investment is for the "Construction of Indore Ujjain Green field (Access Control) 4 lane with paved shoulder project highway (length 48.10 Km.)" awarded to CIPPL by Madhya Pradesh Road Development Corporation Limited via a Letter of Award dated 27th December 2025. The project is on a Hybrid Annuity Mode (HAM).
  • Target Entity Details:
  • Industry: Infrastructure Development Industry.
  • Date of Incorporation: 15/01/2026.
  • No Related Party Transaction: The acquisition is not a related party transaction, and no promoter/promoter group/group companies have any interest in the entity.
  • Governmental Approvals: No governmental or regulatory approvals are required for this acquisition.
  • Consideration & Completion: The consideration is in cash, and the acquisition will be completed in tranches as per the fund requirement of the project.

The information has been uploaded on the company's website at www.ceigall.com.