Key Transaction Details

  • Entity Sold: 100% equity shares of Ceigall Malout Abohar Sadhuwali Highways Private Limited (the "Project Company").
  • Sellers: The shares were held by Ceigall India Limited (the Company) together with its wholly owned subsidiary, Ceigall Infra Projects Private Limited (collectively referred to as the "Sellers").
  • Purchaser: Neo Infra Income Opportunities Fund, managed by Neo Alternative Asset Managers Private Limited.
  • Effective Date: The transfer was completed on June 16, 2026. Consequently, the Project Company ceased to be a step-down subsidiary of Ceigall India Limited effective from this date.
  • Agreement Details: The transaction was governed by a Share Purchase Agreement dated June 3, 2026, and a First Amendment to this agreement ("Amendment Agreement") executed on June 16, 2026. This was preceded by a Binding Offer Letter dated February 9, 2026.

Financial and Operational Impact of the Divested Subsidiary

  • Turnover/Revenue Contribution: For the year ended March 31, 2026, the subsidiary contributed ₹826.89 million, representing 2.10% of the Company's consolidated turnover.
  • Net Worth Contribution: As of March 31, 2026, the subsidiary's net worth was ₹1,361.14 million, representing 6.30% of the Company's consolidated net worth.

Transaction Consideration

The total consideration received, including cash surplus, for the sale was ₹182.20 crores.

Counterparty Information

  • Buyer: Neo Infra Income Opportunities Fund, managed by Neo Alternative Asset Managers Private Limited.
  • Buyer Corporate Details: The fund manager is a company registered under the Companies Act, 2013 (CIN: U66300MH2021PTC371799) with its registered office at Unit 903, B Wing, 9th Floor, Marathon Futurex, Mafatlal Mill Compound, NM Joshi Marg, Lower Parel, Mumbai - 400013.
  • Relationship to Promoter/Group: The disclosure explicitly states that the buyer does not belong to the promoter, promoter group, or group companies of Ceigall India Limited.

Regulatory and Compliance Classifications

  • Related Party Transaction: The transaction is confirmed not to be a related party transaction.
  • Scheme of Arrangement/Slump Sale: The disclosures for questions regarding a sale outside a Scheme of Arrangement and for a slump sale are marked as "Not Applicable."
  • Regulatory Reference: This intimation is made pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, and refers to the SEBI Master Circular dated January 30, 2026.

Additional Information

  • The disclosure is a continuation of earlier communications dated January 13, 2026, February 9, 2026, and June 4, 2026.
  • The intimation has also been made available on the Company's website at www.ceigall.com.
  • The document was signed by Megha Kainth, Company Secretary & Compliance Officer (Membership No.: F7639), on June 17, 2026, at 11:55:31 IST.

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