CESC Limited — Capital/Financing Update 2024

Apr 10, 2024

DOC:SEC: 974/2024-25/11 April 10, 2024

SCRIP CODE: CESC

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

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

Dear Sir/ Madam,

Sub: Subsidiary Company- Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Purvah Green Power Private Limited ("Purvah"), a wholly owned subsidiary of Crescent Power Limited, a subsidiary of CESC Limited ("the Company"), has entered into a share purchase agreement dated April 10, 2024 with SKP Green ventures Private Limited ("Seller") and Bhadla Three SKP Green Ventures Private Limited ("Target Company") for acquisition of 100% shareholding of the Target Company. Pursuant to completion of the proposed acquisition, the Target Company will become a step-down subsidiary of the Company.

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: 2024.04.10 18:09:28 +05'30'

Jagdish Patra Company Secretary & Compliance Officer

Annexure – A

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 13th July, 2023

Sr.	Particulars	Details
No.
1.	Name of the target entity, detailsin brief suchas size, turnover etc.	M/s Bhadla 3 SKP Green Ventures Private Limited ("TargetCompany") is engaged in the business of development of arenewable solar park of 300 MW capacity at Nokh and GelabaCamp Village, Pokaran Tehsil in Phalodi District, Rajasthan.The Turnover of the Company is NIL as of March 31, 2024.
2.	Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/group companieshaveanyinterestin theentity beingacquired? Ifyes,natureofinterest and details thereof andwhetherthesameisdoneat"arm's length"	Not Applicable
3.	Industry to which the entity being acquiredbelongs	Renewable Energy (Power Sector)
4.	Objects and impact of acquisition(includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity)	Expansion of renewable energy business.
5.	Brief details of any governmentalor regulatoryapprovals required for the Acquisition	None
6.	Indicativeperiodforcompletionof theacquisition	1 Month
7.	Consideration-whethercashconsideration or share swap or anyother form and details of the same	CashconsiderationagainstpurchaseofsharesforRs.3,83,75,076/-. In addition, Purvah will provide funds to theTarget Company for repayment of outstanding loan ofRs.3,89,56,236 extended by Seller to the Target Company.

Digitally signed by JAGDISH PATRA Date: 2024.04.10 18:09:49 +05'30'

8.	Cost of acquisition and/or the price at whichthe shares are acquired	100% of Target Company's shares will be acquired by Purvah (astep-down subsidiary of CESC Limited) by acquiring 10,000 EquityShares of Rs. 10/- each for an aggregate consideration amounting toINR 3,83,75,076/-
9.	of shareholdingPercentage/controlacquired and / or number of sharesacquired	100% of Target Company's shares will be acquired by Purvah (astep-down subsidiary of CESC Limited) by acquiring 10,000 EquityShares of Rs. 10/- each.
10.	Brief background about the entity acquired interms of products/line of business acquired,date of incorporation, history of last 3 yearsturnover, country in which the acquired entityhas presence and any other significantinformation (in brief)	Target Company was incorporated on 25-06-2022 in the state ofRajasthan, India with an objective of generating solar energy.Target Company is developing a solar park of capacity 300 MWin Phalodi District of Rajasthan state and its entire operation isbased in India. Target Company has so far not generated anyrevenue as it's project is still under development. Target Companyhas acquired necessary approval from Central Transmission Unitfor Interstate evacuation of solar power 300 MW capacity and hascompleted partial acquisition of land.
		The Turnover of the Company is NIL as of March 31, 2024.

CESC Limited

CIN: L31901WB1978PLC031411 a e-mail: cesclimited@rp-sg.in Regd. Office : CESC House, Chowringhee Square, Kolkata - 700 001, India Tel: +91 33 2225 6040 Fax: +91 33 2225 3495 Web: www.cesc.co.in