H.G. Infra Engineering Limited has incorporated the following subsidiary: H.G. Mathania Solar Project Private Limited and H.G. Bilara Solar Project Private Limited. Name of the target entity, details in brief such as size, turnover etc.: H.G. Mathania Solar Project Private Limited. Authorized, Subscribed and Paid-up share capital: INR 1,00,000 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 a subsidiary of H.G. Infra Engineering Limited (the `Company'). Ms. Nisha Singh and Mr. Harshvardhan Singh, directors of H.G. Mathania 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: Solar 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. Mathania Solar Project Private Limited will carry out business in the field of Solar Power.

Impact of acquisition: As it is a newly incorporated company, there is no impact on the Company as of now. Initial subscription to the share capital of INR 51,000 divided into 5,100 Equity Shares of INR 10 each. Name of the target entity, details in brief such as size, turnover etc.: H.G. Bilara Solar Project Private Limited.

Authorized, Subscribed and Paid- up share capital: INR 1,00,000 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 a subsidiary of H.G. Infra Engineering Limited (the Company). Ms. Nisha Singh and Mr. Harshvardhan Singh, directors of H.G. Bilara 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: Solar 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. Bilara Solar Project Private Limited will carry out business in the field of Solar Power.

Impact of acquisition: As it is a newly incorporated company, there is no impact on the Company as of now. Initial subscription to the share capital of INR 51,000 divided into 5,100 Equity Shares of INR 10 each.