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

Nature and Purpose of the Meeting

A meeting of the Management Committee of the Board of Directors was held on September 25, 2026. The meeting was convened to approve matters related to funding for a project being executed by the company's subsidiary, Ceigall Sahebganj Bettiah Highway Limited.

Details of Resolutions Passed

The Management Committee approved the following:

  • The creation of security in connection with a Rupee Term Loan facility sanctioned to the subsidiary, Ceigall Sahebganj Bettiah Highway Limited.
  • A further investment in the subsidiary through equity share capital and the provision of loans, securities, and guarantees as per the project's fund requirements.

The specific details of the equity investment are:

  • Total Infusion: ₹61,93,00,000 (Rupees Sixty-One Crores and Ninety-Three Lakhs)
  • Form of Infusion: Equity Share Capital
  • Allocation: 74% by Ceigall India Limited and 26% by Ceigall Infra Projects Private Limited (a Wholly-Owned Subsidiary of Ceigall India Limited).
  • This will result in the acquisition of a controlling stake in the Project SPV.

Financial Impact

The total capital to be raised and infused into the project SPV is ₹61.93 Crore. The purpose is to finance the "Construction of 4 laning of Sahebganj Areraj Bettiah of NH 139W (Total length 78.942 km) in the State of Bihar on Hybrid Annuity Mode."

Timing of the Meeting

The meeting commenced at 03:15 P.M. (IST) and concluded at 03:50 P.M. (IST).

Compliance References

The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"). It also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The details are provided as per Para A of Part A of Schedule III of the LODR Regulations.

Other Material Disclosures

Project Background: Ceigall Infra Projects Private Limited (CIPPL) was identified as the Selected Bidder for the project vide a Letter of Award (LOA) dated February 11, 2026, from the National Highways Authority of India (NHAI).

Target Entity Details:

  • Name: Ceigall Sahebganj Bettiah Highway Limited
  • Status: Subsidiary and Project Special Purpose Vehicle (SPV)
  • Industry: Infrastructure Development
  • Incorporation Date: February 17, 2026
  • Authorized and Paid-up Share Capital: Rs. 1,00,000/- (Rupees One Lakh only) divided into 10,000 equity shares of Rs. 10/- each.
  • Financial History: The company was incorporated in February 2026, so it has no financial history for the previous years (FY 2024, FY 2025). Its first financial year is from February 17, 2026, to March 31, 2027.
  • Consideration: Cash
  • Related Party Transaction: The acquisition is not a related party transaction beyond it being a subsidiary. No promoter/promoter group/group companies have any other interest in the entity.
  • Governmental Approvals: No approvals are required for this acquisition.
  • Timeline: The acquisition will be completed in tranches as per the fund requirement of the project.

Use of Proceeds: The document does not provide a specific breakdown of how the infused capital will be allocated within the project.