Ceigall India proposes sale of subsidiary to Neo Alternative Asset Managers

Ceigall India Ltd announced that its Board of Directors has approved the in-principle execution of Binding Offer Letters with Neo Alternative Asset Managers Private Limited for the proposed sale of its subsidiary, Ceigall Bathinda Dabwali Highways Private Limited. This decision follows previous communications on October 27 and November 02, 2026. The Board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review reports. Additionally, the company plans to raise up to ₹1000 Crores through various equity and convertible securities, subject to shareholder approval. The authorized share capital will be increased from ₹110 Crores to ₹120 Crores. Mr. Chandan Singh was appointed as an Additional/Whole Time Director for three years, pending shareholder approval. The meeting was held on November 05, 2026.