H.G. Infra Engineering Limited incorporated the following wholly owned subsidiary companies: H.G. Tapukara Solar Project Private Limited, H.G. Ghiloth Solar Project Private Limited. Name of the target entity, details in brief such as size, turnover etc. H.G. Tapukara Solar Project Private Limited Authorized, Subscribed and Paid-up share capital: INR 100,000/- divided into 10,000 equity shares of INR 10/- each.

H.G. Ghiloth Solar Project Privat Limited Authorized, Subscribed and Paid-up share capital: INR 100,000/- divided into 10,000 equity shares of INR 10/- each. 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 Mr. Navneet Choudhary, directors of H.G. Tapukara Solar Project Private Limited, belong to the promoters of the Company.

The shares have been subscribed at par and 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 Mr. Navneet Choudhary, directors of H.G. Ghiloth Solar Project Private Limited, belong to the promoters 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. Tapukara 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.