H.G. Infra Engineering Limited has incorporated a subsidiary, namely H.G. Sri Dungargarh Solar Project Private Limited. Name of the target entity, details in brief such as size, turnover etc.: H.G. Behror Solar Project Private Limited. Authorized, Subscribed and Paid-up share capital: INR 100,000 divided into 10,000 equity shares of INR 10 each.

Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length": The transaction may be considered a Related Party transaction as the investment is in the step-down subsidiary as a 100% subsidiary of H.G. Solar Projects Private Limited (a wholly owned subsidiary of H.G. Infra Engineering Limited (the "Company"). Ms. Ridhima Choudhary and Ms. Poonam Singh Choudhary, directors of H.G. Behror Solar Project Private Limited, belong to the promoter and promoter group of the Company.

The shares have been subscribed at par and at arm's length. Industry to which the entity being acquired Belongs: Renewable Power. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity): H.G. Behror Solar Project Private Limited will carry out business in the field of Renewable Power.

Impact of acquisition: As it is a newly incorporated company, there is no impact on the Company as of now. Percentage of shareholding /control acquired and /or number of shares acquired: 100% investment by H.G. Solar Projects Private Limited, a wholly-owned subsidiary of the Company.