Ceigall India Limited has informed the Exchange we wish to inform you that a Wholly Owned Subsidiary of the Company under the provisions of the Companies Act, 2013 with the name and style of Ceigall Green Energy MP Limited has been incorporated on 5th January 2026.
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Ceigall India has incorporated a new wholly owned subsidiary named Ceigall Green Energy MP Limited on 5 January 2026 in India. The new entity will operate in the renewable energy sector and has been set up as a Special Purpose Vehicle (SPV) to execute a 130 MW (AC) solar photovoltaic power project in Madhya Pradesh. The project was awarded by Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL) under the PM KUSUM-C (Surya Mitra Krishi Feeders) scheme for grid-connected solar plants in 2 districts of MP. Ceigall holds 100% equity in the new entity with an initial cash investment of Rs. 1 lakh. No additional government or regulatory approvals were required for the incorporation itself.
This is an internal corporate step to execute a pre-awarded solar project, with negligible capital outlay at incorporation stage. For shareholders, it signals Ceigall's formal entry into the renewable energy EPC space and adds a new revenue-generating project to its order pipeline, though the near-term financial impact is limited.