NCC Limited — Capital/Financing Update 2025

Feb 28, 2025

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Ref. No.: NCCL/ Regulation 30/2025 Date : 28[th] February 2025

National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra – Kurla Complex Bandra (E) Mumbai - 400 051. Symbol: NCC

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001. Code: 500294

Dear Sir,

Sub: Disclosure pursuant to Regulation 30 of the SEBI (LODR), Regulations, 2015 – Investment in Wholly Owned Subsidiary.

With reference to the captioned subject, we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e., 28[th] February 2025, has approved for equity investment of Rs. 70 Crores in NCC Quantum Technologies Private Limited, a wholly owned subsidiary of the Company.

The Meeting commenced at 11.00 a.m. and concluded at 11.40 a.m.

The details required under Regulation 30 of the SEBI Listing Regulations, with respect to the above investment, is given in the Annexure.

We request you to take the above on record.

Thanking you,

Yours faithfully,

For NCC Limited

SISIRA Digitally signed by SISIRA KUMAR KUMAR MISHRA Date: 2025.02.28 MISHRA 11:49:44 +05'30' Sisir K Mishra Company Secretary

Encl: as above

NCC Limited CIL: L72200TG1990PLC011146 NCC House, Madhapur, Hyderabad 500 081 T +91 40 2326 8888 F +91 40 23125555 ncclimited.com

Annexure A

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Particulars Details
Name of the target entity, details in brief NCC Quantum Technologies Private Limited
such as size, turnover etc (Quantum), a wholly owned subsidiary of the
Company formed in relation to execution of and
investment in Advance Metering Infrastructure
Service Provider (AMISP) projects.
As on March 31, 2024
Paid-up Share Capital - Rs.10.00 lakhs
Turnover - Nil
Whether the acquisition would fall within Quantum being a wholly owned subsidiary is a
related party transaction(s) and related party of the Company. The transaction
falls within the ambit of related party transaction
and it’s at arm’s length.
Whether the promoter/ promoter group/
Except to the extent of the shares held by the
group companies have any interest in the
Company, the promoter/ promoter group/ group
entity being acquired? If yes, nature of
interest and details thereof and whether the companies have no interest in Quantum.
same is done at “arm’s length”;
Industry to which the entity being acquired AMISP Projects
belongs;
Objects and impact of acquisition (including The object of equity investment is for execution
but not limited to, disclosure of reasons for of and investment in AMISP projects.
acquisition of target entity, if its business is
outside the main line of business of the listed
entity);
Brief details of any governmental or Not Applicable.
regulatory approvals required for the
acquisition;
Indicative time period for completion of the On or before 31 [st] March 2025
acquisition;
Consideration - whether cash consideration Cash consideration.
or share swap or any other form and details
of the same;
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NCC Limited

CIL: L72200TG1990PLC011146 NCC House, Madhapur, Hyderabad 500 081 T +91 40 2326 8888 F +91 40 23125555 ncclimited.com

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Cost of acquisition and/or the price at which Rs. 70 crores comprising of 2,80,00,000 Equity
the shares are acquired; shares of Rs. 10/- each at a premium of Rs. 15/-
Percentage of shareholding / control There will be no change in the percentage of
acquired and / or number of shares; shareholding of the Company in Quantum. It will
continue to remain a wholly owned subsidiary of
the Company.
Brief background about the entity acquired Quantum was incorporated on 18.10.2023 with
in terms of products/line of business the objects of execution of and investment in
acquired, date of incorporation, history of AMISP projects.
last 3 years turnover, country in which the
acquired entity has presence and any other The turnover of Quantum for the last 3 years is
significant information (in brief); given below
Year Turnover
FY 2023-24 Nil
FY 2022-23 Not Applicable
FY 2021-22 Not Applicable
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NCC Limited

CIL: L72200TG1990PLC011146 NCC House, Madhapur, Hyderabad 500 081 T +91 40 2326 8888 F +91 40 23125555 ncclimited.com