On March 29, 2025, Ceigall India Limited (CIN: INEOAG901020) announced that its wholly-owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has entered into an inter-corporate deposit (ICD) agreement with C & C Construction Limited. The agreement, valued at Rs. 50 Crores, was approved by the Board of Directors of CIPPL in their meeting held on the same day.

Agreement Details

The primary purpose of this agreement is to provide financial assistance to C & C Construction Limited. This transaction is secured by the deposit of title deeds of property, ensuring the safety of the deposit. The details of the ICD agreement are as follows:

• Amount: Rs. 50 Crores

• Nature of Agreement: Inter-Corporate Deposit (ICD)

• Date of Execution: March 29, 2025

• Security: Deposit of Title Deeds of Property

Significant Terms and Conditions

• There are no special rights granted, such as the right to appoint directors or share subscription preferences.

• The transaction is in line with arm’s length principles, and there is no equity interest or shareholding in C & C Construction Limited.

• The parties involved in this agreement are not related to the promoter group of Ceigall India Limited.

Related Party Transactions

Despite the transaction being a loan agreement, it does not qualify as a related party transaction as the agreement is executed on an arm’s length basis. Additionally, two independent directors of the company are also common to C & C Construction Limited, but no equity interest is involved in the transaction.

Impact on Company and Financials

This agreement will not have any immediate adverse impact on Ceigall India Limited's financials, operations, or governance structure. The company’s website has also made the detailed disclosure available for public viewing.

Future Disclosures

As stipulated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company will continue to disclose any amendments or termination related to this agreement as necessary.

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