H.G. Infra Engineering Limited — Capital/Financing Update 2025

Jan 17, 2025

17-01-2025

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HGIEL/HO/COMPLIANCE/2024-25/364

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001

National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (East) Mumbai- 400 051

Scrip Code- 541019

Scrip Symbol- HGINFRA

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that H.G. Infra Engineering Limited (“Company”) has acquired equity shares in the following subsidiaries of the Company by way of subscription of Rights issue:

S. No.	Subsidiaries	Amount of Investment in Equity shares
**1. **	H.G. Matora Solar Project Private Limited	Rs. 2,45,00,000/-
**2. **	H.G. Gopasariya Solar Project Private Limited	Rs. 1,50,00,000/-

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1 /P/CIR/2023/123 dated July 13, 2023, are enclosed as Annexure A .

This is for your information and records.

Thanking you,

Yours faithfully,

For H.G. Infra Engineering Limited

ANKITA Digitally signed by ANKITA MEHRA MEHRA Date: 2025.01.17 17:25:44 +05'30'

Ankita Mehra

Company Secretary & Compliance Officer ACS No. - 33288

Encl.: As above

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Annexure A

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Sr. Particulars Details Details
No
a) Name of the target entity, H.G. Matora Solar Project Private H.G. Gopasariya Solar Project
details in brief such as size, Limited (CIN- Private Limited (CIN-
turnover etc. U35100RJ2024PTC095431) U35100RJ2024PTC095427)
Authorized capital: Rs. Authorized capital:
2,50,00,000/- Subscribed and Rs.2,50,00,000/- Subscribed and
Paid-up share capital: Rs. Paid-up share capital: Rs.
1,00,000/- 1,00,000/-
Turnover: Not applicable (Yet to Turnover: Not applicable (Yet to
commence business operations) commence business operations)
b) Whether the acquisition H.G. Matora Solar Project Private H.G. Gopasariya Solar Project
would fall within related Limited being a subsidiary is a Private Limited being a subsidiary
party transaction(s) and related party. The Transaction is a related party. The Transaction
whether the falls within the ambit of related falls within the ambit of related
promoter/promoter group/ party transactions. party transactions.
group companies have any
interest in the entity being Except to the extent of shares Except to the extent of shares held
acquired? If yes, nature of held by the Company in H.G. by the Company in H.G.
interest and details thereof Matora Solar Project Private Gopasariya Solar Project Private
and whether the same is Limited the promoter/promoter Limited the promoter/promoter
done at "arm's length" group/ group companies does not group/ group companies does not
have any interest. have any interest.
c) Industry to which the entity Solar Power Solar Power
being acquired belongs
d) Objects and impact of H.G. Infra Engineering Limited H.G. Infra Engineering Limited
acquisition (including but (the “Company”) has invested for (the “Company”) has invested for
not limited to, disclosure of the expansion of business and set the expansion of business and set
reasons for acquisition of up of Solar Power Plants. up of Solar Power Plants.
target entity, if its business
is outside the main line of
business of the listed entity)
e) Brief details of any Not applicable Not applicable
governmental or regulatory
approvals required for the
acquisition
f) Indicative time period for The acquisition is completed The acquisition is completed today
completion of the today i.e. January 17, 2025 i.e. January 17, 2025
acquisition
g) Consideration - whether Cash Consideration Cash Consideration
cash consideration or share
swap or any other form and
details of the same
h) Cost of acquisition and/or Rs. 2,45,00,000/- Rs. 1,50,00,000/-
the price at which the shares
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ANKITA Digitally signed by ANKITA MEHRA MEHRA Date: 2025.01.17 17:27:27 +05'30'

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are acquired
i) Percentage of shareholding / 24,50,000 Equity Shares 15,00,000 Equity Shares
control acquired and / or
number of shares acquired
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i)	Percentage of shareholding / control acquired and / or number of shares acquired	24,50,000 Equity Shares	15,00,000 Equity Shares
j)	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 (in brief)	H.G. Matora Solar Project Private Limited incorporated on June 21, 2024, vide Certificate of incorporation issued by the Registrar of Companies, Central Registration Centre on June 21, 2024, under the provisions of the Companies Act, 2013, having its registered office in the State of Rajasthan, India. Its main object is to carry out business in the field of Solar Power. History/Turnover: Not applicable (Yet to commence business operations)	H.G. Gopasariya Solar Project Private Limited incorporated on June 21, 2024, vide Certificate of incorporation issued by the Registrar of Companies, Central Registration Centre on June 21, 2024, under the provisions of the Companies Act, 2013, having its registered office in the State of Rajasthan, India. Its main object is to carry out business in the field of Solar Power. History/Turnover: Not applicable (Yet to commence business operations)

ANKITA Digitally signed by ANKITA MEHRA MEHRA Date: 2025.01.17 17:28:01 +05'30'