CESC Limited — Capital/Financing Update 2024

Oct 3, 2024

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National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, G- Block, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051 SCRIP CODE: CESC

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 SCRIP CODE: 500084

Dear Sir/ Madam,

Sub – Purvah Green Power Private Limited

We write to inform you that Purvah Green Power Private Limited (PGPPL), a subsidiary of CESC Limited, has entered into a binding term sheet on 3[rd] October, 2024 with Bhojraj Renewables Energy Pvt Ltd (BREPT) and its Shareholders and contractor, for inter alia securing connectivity approval and land acquisition including relevant permits & approvals for 300 MW Wind Project and 150 MW Solar Project and acquisition of entire shareholding of BREPT from its Shareholders, on a fully diluted basis.

The details required to be furnished in compliance with Regulation 30 read with clause 1 and 5, Paragraph A, Part A of Schedule III of the SEBI Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July 2023 is enclosed herewith as “ Annexure-A ”.

You are requested to kindly take the information on record and oblige.

Thanking you. Yours faithfully,

For CESC Limited

JAGDISH PATRA Digitally signed by JAGDISH PATRA Date: 2024.10.03 19:06:59 +05'30'

Jagdish Patra Company Secretary & Compliance Officer

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Annexure – A

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Details as required under Regulation 30 and Clause 1, Paragraph A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023

Sr. No.	Particulars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.	Bhojraj Renewables Energy Pvt Ltd (“BREPT”) is engaged in the business of development of renewable energy assets and has secured in- principal connectivity approval for 300 MW.
2.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	Not Applicable
3.	Industry to which the entity being acquired belongs	Renewable Energy (Power sector)
4.	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	Expansion of renewable energy business
5.	Brief details of any governmental or regulatory approvals required for the Acquisition	NA
6.	Indicative period for completion of the acquisition	9 months (Approx.)
7.	Consideration - whether cash consideration or share swap or any other form and details of the same	Cash consideration of up to INR 1,08,56,26,000 to be paid subject to achievement of certain project related milestones to be completed in prescribed timelines.
8.	Cost of acquisition and/or the price at which the shares are acquired	Cash consideration of up to INR 1,08,56,26,000 to be paid subject to achievement of certain project related milestones to be completed within prescribed timelines, for 100% equity shares of BREPT and acquisition of land along with required permits and approvals.
9.	Percentage of shareholding / control acquired and / or number of shares acquired	100% of BREPT’s share will be acquired by PGPPL,a subsidiaryof CESC.
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(inbrief)	BREPT is a company incorporated in 2024 to develop renewable energy assets. It has received the in-principle approval for connectivity for 300 MW and has identified the land for development of 150 MW Solar power project and 300 MW of Wind powerproject.

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