CESC Limited — Capital/Financing Update 2024

Aug 17, 2024

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DOC:SEC:1112/2024-25/147

August 17, 2024

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: Incorporation of Subsidiary Company

Ref: Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations, 2015”)

Pursuant to provisions of Regulation 30 of SEBI Listing Regulations, 2015, it is hereby informed that Purvah Green Power Private Limited, a Subsidiary of the Company has incorporated a Wholly Owned Subsidiary Company named Ecovantage Energy Private Limited (CIN: U35100WB2024PTC272852) on August 16, 2024.

The details required to be furnished in compliance with Regulation 30 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023 is enclosed herewith as “Annexure-A”.

Thanking you. Yours faithfully,

For CESC Limited

JAGDISH Digitally signed by JAGDISH PATRA PATRA Date: 2024.08.17 15:47:10 +05'30'

Jagdish Patra Company Secretary & Compliance Officer

Enclosed: As above

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Annexure-A

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	Particulars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.	Name of the subsidiary incorporated:Ecovantage Energy Private Limited (“EEPL”) Turnover: Not applicable as it is a newly incorporated Company
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”	EEPL has been incorporated as a wholly owned subsidiary (“WOS”) of Purvah Green Power Private Limited (“Purvah”) (a subsidiary of the Company)
3.	Industry to which the entity being acquired belongs	Renewable 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)	EEPL will explore opportunity in renewable power sector.
5.	Brief details of any governmental or regulatory approvals required for the Acquisition	Not applicable as EEPL is a newly incorporated Company.
6.	Indicative period for completion of the acquisition	Not applicable as EEPL has been newly incorporated.
7.	Consideration - whether cash consideration or share swap or any other form and details of the same	EEPL is a WOS of Purvah. The subscribed and paid-up capital of EEPL is Rs. 1,00,000/- (Rupees One Lakh Only)
8.	Cost of acquisition and/or the price at which the shares are acquired	Please see point (7) above.
9.	Percentage of shareholding / control acquired and / or number of shares acquired	EEPL has been incorporated as a WOS of Purvah. Accordingly, 100% of its shareholding is held by Purvah.
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)	Please see point (1) to (4) above. Date of Incorporation is August 16, 2024.

Digitally signed by JAGDISH PATRA Date: 2024.08.17 15:47:31 +05'30'

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JAGDISH PATRA