Ceigall India Ltd

Ceigall Sahebganj Bettiah Highway Limited, a subsidiary of Ceigall India Ltd, has received a letter from the National Highways Authority of India (NHAI) noting the financial close for the "Construction of 4 laning of Sahebganj Areraj Bettiah of NH 139-W" project. The project, spanning 78.942 km in Bihar, is being undertaken on Hybrid Annuity Mode (HAM) with a bid project cost of ₹2,160.00 Crores. The construction period is 730 days, followed by a 15-year Operation & Maintenance period. The financial close date was September 15, 2026.

Jam Khambhaliya Jamnagar Power Transmission Limited, a wholly owned subsidiary of Ceigall India Limited, has entered into a Transmission Service Agreement with Central Transmission Utility of India Limited. This agreement, dated October 19, 2026, is for the development and operation of an Inter-State Transmission System. The system will facilitate the evacuation of power from the Lakadia (Phase-II: 7.5 GW), Khambhaliya (Phase-II: 5.5 GW), and Jamnagar (Phase-I: 1 GW) power projects. This development is a continuation of an earlier letter dated October 12, 2026, and is in compliance with SEBI regulations.

Ceigall India Limited has received the Completion Certificate for the Delhi-Saharanpur Highway project, a 16.85-km, six-lane access-controlled stretch of NH-709B. The project, executed jointly with Gayatri Projects Limited, has a revised estimated cost of ₹1,659.84 crore and is part of the Economic Corridor under Phase I of Bharatmala Pariyojana. The highway was declared fit for operation from September 12, 2024. Ceigall India will undertake Operation & Maintenance of the stretch at ₹2.88 crore per annum, plus escalation. The project was awarded on April 16, 2022, with a scheduled completion date of November 7, 2023, extended to August 15, 2024.

Ceigall India Ltd has acquired 100% equity shares of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL) from REC Power Development and Consultancy Limited for a cash consideration of ₹18,39,86,174 (₹18.4 Crore). This acquisition makes JKJTL a wholly-owned subsidiary of Ceigall India. The acquisition is a condition for undertaking a power transmission project for which Ceigall India received a Letter of Intent. JKJTL was incorporated on May 9, 2026, and has a paid-up capital of ₹5,00,000. The transaction is not a related party transaction, and promoters have no interest in it.

Ceigall India Ltd announced the outcome of its 24th Annual General Meeting (AGM) held on September 29, 2026. The members approved several key management changes, including the re-appointment of Mr. Vishal Anand and Mrs. Gurpreet Kaur as Non-Executive Independent Directors for their second five-year terms. Additionally, Mr. Ankit Kumar Agarwal was appointed as a Non-Executive Independent Director for a five-year term. The AGM also saw the appointment of Mr. Ayyalusamy Saravanan and Dr. Pawan Kumar as Whole-Time Directors. These appointments are effective from various dates in mid-2026 and extend for terms of two to five years.

Ceigall India Limited (CIL) has received a Letter of Intent from the Government of Bihar, Department of Mines and Geology, for the allotment/leasing of stone blocks in Nawada District (Lot-4, Bhadokhara, Block-D). The contract involves quantity-based mining of stone blocks. The project has a minable reserve of 4,19,300 cum per year, totaling 20,96,500 cum over five years. The annual consideration is ₹28.82 Crore, with a 20% annual increment, leading to a total cumulative value of ₹214.52 Crore (excluding GST and other taxes) over the five-year period. This is a domestic contract awarded through competitive bidding via e-reverse auction.

Ceigall India Limited's Management Committee approved further investment in its subsidiary, Ceigall Sahebganj Bettiah Highway Limited (Project SPV), through equity share capital and loans. The company will infuse ₹61.93 Crores in equity, with Ceigall India holding 74% and Ceigall Infra Projects Private Limited holding 26%. This investment is crucial for financing the NH 139W highway construction project in Bihar, awarded to Ceigall Infra Projects Private Limited. The SPV was incorporated on February 17, 2026, with an initial share capital of ₹1,00,000. No governmental or regulatory approvals are required for this investment, which will be made in tranches as per fund requirements.

Ceigall India Limited's Management Committee has approved the creation of security for a Rupee Term Loan facility for its subsidiary, Ceigall Sahebganj Bettiah Highway Limited, a project SPV. Additionally, the company will make a further investment of ₹61.93 Crores in the subsidiary through equity share capital and provide loans and securities as needed. This investment is to finance the construction of a 4-lane highway project in Bihar, awarded to Ceigall Infra Projects Private Limited, a wholly-owned subsidiary. The subsidiary, Ceigall Sahebganj Bettiah Highway Limited, was incorporated on February 17, 2026, and will be 74% owned by Ceigall India Limited and 26% by Ceigall Infra Projects Private Limited.

Ceigall India Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in effect from October 01, 2026, and will continue until 48 hours after the declaration of the Unaudited Financial Results for the quarter and half-year ending September 30, 2026. The company has advised all designated persons and insiders not to trade in its securities during this period, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and its internal code of conduct. The date for the Board of Directors meeting to approve these financial results will be communicated separately.

Ceigall India Limited's wholly owned subsidiary, Ceigall Green Energy MH2 Limited, has commissioned an additional 5 MW of solar power capacity at its project in Ranjangaon Deshmukh, Maharashtra. This brings the subsidiary's total operational capacity at the site to 10 MW, ahead of schedule. This capacity is part of a larger 147 MW solar project being developed under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0) scheme. The power generated is sold to Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). This expansion signifies Ceigall India's growing commitment to the renewable energy sector and its strategy to diversify its infrastructure portfolio.