CEIGALL INDIA LIMITED: APPROVES FUNDING FOR WHOLLY OWNED SUBSIDIARY

• Management committee approved creation of security for Rupee Term Loan to Velgaon Power Transmission Ltd. • Further investment in Project SPV approved via equity capital, loans, and securities. • Velgaon Power Transmission is a wholly owned subsidiary and project special purpose vehicle. • Authorized and Paid-up Share Capital: ₹5,00,000 divided into 50,000 equity shares of ₹10 each. • Project SPV acquired for establishment of 400/220 kV Velgaon Substation via TBCB process. • Company to infuse ₹109.19 crore into project SPV via equity shares, unsecured loan, or other instruments.

Ceigall India Ltd

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