CIE Automotive India Limited has filed the transcript for its 27th Annual General Meeting held on April 29, 2026. The meeting was conducted via Video Conference (VC) and Other Audio Visual Means (OAVM) to ensure broad shareholder participation. This filing ensures compliance with regulatory requirements regarding the disclosure of meeting proceedings.

The submission was made in accordance with General Circular No. 03/2025 dated September 22, 2025, read with General Circular No. 20/2020 dated May 5, 2020, issued by the Ministry of Corporate Affairs. Additionally, the filing adheres to the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The full transcript of the proceedings has been made available on the official website of cie automotive . The document details the discussions and resolutions passed during the meeting.

Key Meeting Details

The filing was authenticated by Pankaj V. Goyal, Company Secretary, Chief Compliance Officer, and Head-Legal for CIE Automotive India Limited.

CIE Automotive India Limited has completed the acquisition of a 26.09% equity stake in Suryadeep GJ3 Project Private Limited ("Suryadeep") on 15th May, 2026. The transaction involved the subscription of 4,80,000 equity shares of Rs. 10/- each at par, aggregating to a total cash consideration of Rs. 48,00,000 (Rupees Forty-Eight Lakhs only). With this allotment, Suryadeep has become an associate company of CIE Automotive India effective 15th May, 2026.

Transaction Details

The acquisition follows a Share Subscription and Shareholders' Agreement entered into by the company with Suryadeep, which was first disclosed on 4th March, 2025. The agreement outlined the company's intent to invest and subscribe to up to 26% of the equity share capital of Suryadeep for an amount of up to Rs. 48,00,000 (Rupees Forty-Eight Lakhs only). The transaction was completed entirely through cash consideration, with shares acquired at par value.

The key parameters of the acquisition are summarised below:

About Suryadeep GJ3 Project Private Limited

Suryadeep GJ3 Project Private Limited is a special purpose vehicle incorporated under the Companies Act, 2013 (CIN: U35105GJ2024PTC156141) on 1st November, 2024, by InSolare Energy Limited, a company incorporated under the Companies Act, 1956. Prior to this acquisition, Suryadeep was a 100% subsidiary of InSolare Energy Limited. Suryadeep's registered office is located at 501-505 Altimus Blue Dart, B/H Torrent Pharma Office, Ashram Road P.O, Ahmedabad, City Ahmedabad, Gujarat, India, 380009. The entity is engaged in the business of developing and operating renewable energy projects, and its commercial operations have not yet commenced.

Strategic Rationale: Captive Solar Power

The primary objective of this investment is to enable CIE Automotive India to qualify as a captive consumer of solar power under applicable Electricity Laws. Suryadeep is set to establish a captive generating plant with a gross capacity of around 1.6 MWp, which will supply captive solar power to CIE Automotive India's factories in Rajkot, Gujarat. Under applicable Electricity Laws, a company must hold at least 26% of the total equity capital of a power generating plant to qualify as a captive consumer. This investment is therefore essential to meet that threshold and is expected to help optimize power costs at the Rajkot facilities.

Regulatory and Related Party Disclosures

The transaction does not constitute a related party transaction. None of the promoter, promoter group, or group companies have any interest in Suryadeep. No governmental or regulatory approvals were required for the completion of this acquisition. The disclosure has been made pursuant to Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 last updated on 30th January, 2026.