Ceigall India has officially announced the appointment of Akshay Jain as Vice President (Strategy & Planning), effective March 26, 2026. The appointment was approved by the Board of Directors through a resolution passed by circulation on March 25, 2026, based on recommendations from the Nomination and Remuneration Committee.

Official Appointment Details

The company has formally notified stock exchanges about this senior management appointment in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Jain's appointment forms part of the Senior Management Personnel structure, representing a strategic addition to strengthen the company's leadership capabilities.

Professional Profile and Qualifications

Jain brings extensive credentials to his new role, combining strong academic foundation with substantial industry experience. At 41 years old, he holds a Post Graduate Diploma in Management (Finance) from the Indian Institute of Management, Lucknow, and a B.Tech in Mechanical Engineering from the Indian Institute of Technology, Madras.

Comprehensive Industry Experience

With over 18 years of experience across banks, corporates, and family offices, Jain has demonstrated expertise in multiple areas of finance and investment management. His professional background encompasses corporate finance, mergers and acquisitions, fund raising, and investments across both public and private markets.

Strategic Leadership Addition

Jain's diverse experience spans investment strategy, foreign exchange and interest rates structuring, treasury management, and preparing companies for public listing. His cross-sector expertise in fintech, manufacturing, and banking positions him well to contribute to Ceigall India's strategic planning and growth initiatives. The appointment reflects the company's commitment to building robust leadership capabilities with seasoned professionals who can drive strategic initiatives and enhance operational excellence.

Ceigall India Limited has announced that its Management Committee authorized the execution of a Non-Binding Offer (NBO) for the potential divestiture of two highway subsidiaries. The decision was made during a Management Committee meeting held on March 25, 2026, pursuant to powers conferred by the Board of Directors.

Transaction Details

The Non-Binding Offer was received from an Asset Management Company and pertains to the proposed sale of 100% equity stake in two subsidiaries:

Regulatory Compliance and Process

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015. The proposed transaction involves multiple conditional requirements that must be satisfied before completion.

Key Conditions for Transaction Completion:

• Completion of comprehensive due diligence process
• Negotiation and execution of definitive agreements
• Receipt of requisite regulatory approvals
• Obtaining statutory clearances
• Securing lender approvals as applicable

Meeting Information

The Management Committee meeting was conducted with specific timing parameters:

Future Disclosures

Ceigall India has indicated that detailed information in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, will be submitted once definitive agreements are executed between the parties. These submissions are contingent upon completion of due diligence, legal review, and documentation satisfactory to all parties involved.

The disclosure information is also available on the company's official website at www.ceigall.com for stakeholder reference.