ENVIRO INFRA ENGINEERS LIMITED — M&A Activity 2025

May 6, 2025

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Date: 6[th] May, 2025

To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Mumbai – 400001 Scrip Symbol: EIEL Scrip Code: 544290

– Subject: Outcome of Board Meeting approval for acquisition

Dear Sir/Madam,

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors of the Company in its meeting held today, i.e. 6[th] May, 2025 inter-alia, considered and approved the acquisition of EIE Renewables Private Limited.

The detailed disclosure as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI master Circular dated 11.11.2024, amended by SEBI circular dated 31.12.2024 is attached herewith at ‘Annexure A’ .

The Meeting of the Board of Directors commenced at 11:00 A.M. and concluded at 11:20 A.M.

Kindly take the above information on record.

Thanking you,

For Enviro Infra Engineers Limited

PIYUSH Digitally signed by PIYUSH JAIN JAIN Date: 2025.05.06 10:42:31 +05'30' (Piyush Jain) Company Secretary & Compliance Officer A57000

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Annexure – A

The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11.11.2024 is as under:

S. No.	Particulars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.	EIE Renewables Private Limited (“Target Company”) is an Indian Company incorporated under the Companies Act, 2013 on February 18, 2025. Authorised Capital – ₹ 10,00,000/- (1,00,000 Equity Shares of ₹ 10/- each) Paid up Capital – ₹ 10,00,000/- (1,00,000 shares of ₹ 10/- each) Turnover-Nil
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”	The said acquisition is a related party transaction. Mr. Sanjay Jain and Mr. Manish Jain, Promoter Directors of the Company, are also the Directors and shareholders of the Target Company, holding 50,000 (Fifty Thousand) shares each. The Company initially will invest ₹10,00,000/- (Rupees Ten Lakhs Only) by acquiring 1,00,000 (One Lakh) equity shares from the existing shareholders of the Target Company at a price of ₹10 per share, thereby making the Target Company Wholly Owned Subsidiary of the Company post-acquisition. The Company further plans to invest ₹49,90,00,000 (Rupees Forty Nine Crore and Ninety Lakhs only), either through fresh allotment or through loan which will have the option to convert such loan into equity shares in the Target Company, as may be decided, in one or more tranches, which will be intimated in due course. The said transaction is done at arm’s length.

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Generation of energy through Non-
Industry to which the entity
3. conventional/ Renewables and Sustainable
being acquired belongs
sources and its distribution.
The Target Company is incorporated for the
purpose of undertaking the business of power
Objects and impact of
generation through renewable sources.
acquisition (including but not
limited to, disclosure of reasons
The proposed acquisition will enable the
4. for acquisition of target entity, if
Company to tap the opportunities prevailing in
its business is outside the main
the renewable energy sector and aligns with the
line of business of the listed
long-term vision of the Company to expand into
entity).
sustainable and future-oriented business
segments.
Brief details of any
governmental or regulatory
5. Not Applicable
approvals required for the
acquisition.
Indicative time period for
6. Tentatively on or before 30 [th] June, 2025
completion of the acquisition
Consideration - whether cash
consideration or share swap or
7. Cash consideration
any other form and details of
the same.
a. Initial cost of acquisition - ₹10,00,000/-
(Rupees Ten Lakhs Only) by acquiring
1,00,000 (One Lakh) equity shares from the
existing shareholders of the Target Company
at a price of ₹10 per share.
Cost of acquisition and/or the
b. The Company plans further to invest
8. price at which the shares are
₹49,90,00,000/- (Rupees Forty-Nine Crore
acquired.
and Ninety Lakhs only), either through fresh
allotment or through loan which will have the
option to convert such loan into equity shares
in the Target Company, as may be decided,
in one or more tranches, which will be
intimated in due course.
Percentage of shareholding /
9. control acquired and / or 100%
number of shares acquired.
Brief background about the The Target Company is an Indian Company
entity acquired in terms of incorporated under the Companies Act, 2013 on
10. products/line of business February 18, 2025, engaged in the business of
acquired, date of incorporation, Non-conventional/ Renewables and
history of last 3 years turnover,
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		country in which the acquired entity has presence and any other significant information (in brief).	Sustainable Energy Generation and its Distribution. After the said acquisition, the Target Company will become the Wholly Owned Subsidiary of the Company. Market presence: PAN India Since the Target Company is newly incorporated, its business activity is yet to commence, therefore, its turnover is ‘NIL’ in last 3years.