Ceigall India Ltd

Dividend and TDS update

• Board proposed final dividend of Rs 0.50 per equity share (face Rs 5), subject to AGM approval.
• Record date for dividend is September 11, 2026; AGM on September 29, 2026 via VC.
• TDS on dividend will be deducted under the Income Tax Act 2025, with rates by status.
• Resident individuals avoid TDS if total TY 2026-27 dividend ≤ Rs 10,000.
• With PAN updated in demat form, withholding rate is 10%; without PAN, 20%.
• Lower tax withholding certificate issued by IT Dept allows applicable lower rate.
• Non-residents: FIIs/FPIs at 20% or treaty rate, with tax residency certificate.
• Nil TDS for certain categories (SWFs, ADIA subsidiary) with required declarations.
• Submit documents by Sept 21, 2026; forms include PAN, TRC, Form 41, Form 121.
• Dividends to be paid electronically; TDS certificates issued by email; update KYC data.

Frontier Highway LOA win

• LOA received from MoRTH for Lada-Sarli section, NH-913 Frontier Highway, Arunachal Pradesh.
• Contract value ₹704.70 crore, excluding GST, EPC with 48-month construction and 5-year maintenance.
• Ceigall India to hold 74% in JV with Sushee Infra & Mining Limited (SIML) (26%).
• Scope: Lada-Sarli to Intermediate Lane standard road, EPC mode.
• Project includes 48-month construction and five-year maintenance.
• Part of Frontier Highway network expansion in Arunachal Pradesh.

Award details

• Awarding entity: Ministry of Road Transport & Highways (MoRTH).
• Contract type: EPC road project in Arunachal Pradesh (Lada-Sarli NH-913).
• JV structure: Ceigall India Ltd 74%, SIML 26%.
• Contract value: Rs 704.70 crore excluding GST.
• Timeframe: 48 months construction; 5 years maintenance.
• Domestic award: MoRTH is domestic; JV is domestic.
• Promoter/group interest: No promoter group interest.
• Related party: No related party transactions.
• Material impact: Not disclosed.

Order details

• Awarding entity: Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC).
• Nature and scope: Development of Bulk Drug Park at Una; formation, cutting, roads, drains, bridge, fencing.
• Contract type and value: Item-rate contract; Rs 225 crore including GST.
• Execution period: 18 months from award.
• Terms: Performance security 3% of contract value.
• Domestic awarding entity; no promoter interest; no related-party transactions.
• Impact: Expands Ceigall India's order book and pan-India growth momentum.

Order award details

• LOA issued by Himachal Pradesh State Industrial Development Corporation Limited (HPSIDC).
• Scope: Development of Bulk Drug Park at Una, including formation, roads, drains, bridges, fencing.
• Contract value: ₹225 crore including GST.
• Execution period: 18 months.
• Contract type and security: item-rate contract; performance security 3%.
• Domestic award; no promoter group interest; not a related party.
• Impact: expands Ceigall India's order book and pan-India presence.

LOA awards overview

• Five LOAs worth ₹2,423.70 crore awarded for NH-913 Frontier Highway in Arunachal Pradesh.
• Latest LOA of ₹274.08 crore (Package-2) to Ceigall India-Rajinder JV; Ceigall 70%.
• Four LOAs to Ceigall India-SUSHEE Infra Mining JV (CIL 74%, SIML 26%): ₹2,149.62 crore total.
• Five LOAs span approx. 278 km with 48-month construction and 5-year maintenance.

JV ownership and package details

• Package-2 awarded to Ceigall India-Rajinder JV: Ceigall 70%, Rajinder 30%.
• Package-2 scope: Bile-Migging section, km 17.812–55.377, EPC.

Strategic impact

• Order book strengthened; regional expansion in Northeast.
• Ceigall India's execution capabilities highlighted in challenging terrains.

Target overview

• Target: Ceigall Indore Ujjain Greenfield Highway Limited, SPV for Indore–Ujjain HAM highway in India.

Investment details

• Size/turnover: Rs 0.40 Lakhs.
• Consideration: Cash infusion of Rs 29.44 Crores by Ceigall and CIPPL.
• Form: Equity share capital infusion.

Ownership structure

• Ownership: 74% Ceigall India Limited; 26% CIPPL.

Related party / transaction type

• No related party transaction; SPV subsidiary alignment.

Rationale and scope

• Objects: Infuse funds for project SPV implementing Indore–Ujjain HAM highway.

Approvals & timeline

• Regulatory approvals: None required.
• Timeline: Acquisition in tranches as funds are required.

Target background

• Incorporation: 15 January 2026.
• Industry: Infrastructure development.
• Presence: India.

Order details

• Awarding entity is the Ministry of Road Transport and Highways.
• Nature and scope: EPC road construction for NH-913 Package-2 in Arunachal Pradesh.
• JV structure: Ceigall India Ltd 70% and Rajinder Infrastructure Private Ltd 30%.
• Contract value: Rs 274.08 crore (Excl GST).
• Execution period: 48 months construction and 5-year maintenance.
• Mode of contract: Engineering Procurement Construction (EPC).
• Awarding entity is domestic.
• LOA received on 18 August 2026.
• No promoter/group interest; not a related-party transaction.

Meeting Details

• Date/time: Fri 21 Aug 2026, 11:30 am–6:00 pm, one-on-one, physical in Gurgaon; organiser: Ceigall India Limited.

Participants

• Key company participants: Company Secretary; other company officials to engage with Analysts/Investors.

Purpose

• Purpose: Interaction with Analysts/Investors.

MoRTH LOAs for NH-913 Frontier Highway

• Four LOAs from MoRTH for NH-913 in Arunachal Pradesh; ₹2,149.62 crore bid cost.
• CIL-SIML JV holds 74%/26% stakes; EPC contracts awarded.
• Construction periods 36–48 months with five-year maintenance.
• Packages: ₹521cr, ₹611.10cr, ₹525cr, ₹492.52cr; total ₹2,149.62cr.
• New contracts expand Ceigall India's road-infrastructure order book.