H.G. Infra Engineering Limited has executed a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited on June 30, 2026 at approximately 7:00 PM IST. This agreement formalizes the acquisition of 100% of the equity shares of WR ER Part C Power Transmission Limited, a Special Purpose Vehicle (SPV).
The acquisition was undertaken pursuant to the terms of a Request for Proposal (RFP) and Letter of Award for a specific project, as referenced in the company's earlier announcements dated May 27, 2026 and June 13, 2026.
Key Details of the Acquisition:
- Target Entity: WR ER Part C Power Transmission Limited
- Authorized Share Capital: ₹500,000
- Paid-Up Share Capital: ₹500,000
- Industry: Construction/operation and maintenance of Power Transmission System Network
- Percentage Acquired: 100%
- Consideration Type: Cash
- Cost of Acquisition: 50,000 equity shares acquired at face value of ₹10 each, totaling ₹500,000
- Completion Date: June 30, 2026
Additional Information:
- The target entity was incorporated on November 6, 2025, and has no turnover history for the last three years.
- The acquisition does not constitute a related party transaction, and no promoter/promoter group/group companies have any interest in the acquired entity.
- No governmental or regulatory approvals were required for this acquisition.
- The business of the target entity is aligned with H.G. Infra's infrastructure business and supports the company's strategic objective of expanding its presence in the power transmission sector.
- The SPV will aim to establish an Inter-State Transmission System for the "WR-ER Inter - Regional Network Expansion Scheme - Part C."
This disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.