CIE Automotive India holds investor meet on 21 May

CIE Automotive India Limited conducted an investor conference organized by Yes Securities on 21 May 2026. The meeting served as a platform for the company to engage with various investors and funds, providing clarifications and answering questions related to its recent financial disclosures and strategic direction.

Meeting Details

The investor interaction took place between 10am and 4pm. The company confirmed that the discussions did not involve any Unpublished Price Sensitive Information (UPSI). The proceedings were recorded and have been made available on the company's official website for stakeholder reference.

Participants and Representatives

The meeting saw participation from a diverse group of investors through both one-on-one and group sessions. Key attendees included representatives from 3P Investment Managers, FINDOC PMS, HDFC Life Insurance, Mahindra Manulife MF, ASK Investment, and Kotak Life Insurance, among others.

Representing cie automotive were Vikas Sinha, Senior Vice President - Strategy & Chief Investment Relations Officer, and Shailendra Nagar, Head – Corporate Accounts & Finance.

Discussion Points

The primary focus of the discussions was to address queries regarding specific documents hosted on the company's website. The management provided clarifications on the content presented in the Q1CY2026 and Q4FullYearCY2025 investor presentations.

Date of Meet	Type of Meeting	Timing	UPSI Involved
21 May 2026	Investor Conference organised by Yes Securities	10am – 4pm	No

The relevant presentations referenced during the meeting are accessible via the company's investor relations portal, ensuring transparency and broad access to the information discussed.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.52%	-1.01%	-8.66%	+8.49%	+0.60%	+139.91%

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:

Parameter:	Details
Target Entity:	Suryadeep GJ3 Project Private Limited
Date of Incorporation (Target):	1st November, 2024
Shares Acquired:	4,80,000 Equity Shares of Rs. 10/- each
Stake Acquired:	26.09% of paid-up equity share capital
Total Consideration:	Rs. 48,00,000 (Rupees Forty-Eight Lakhs only)
Mode of Consideration:	Cash
Acquisition Price per Share:	Rs. 10/- (at par)
Date of Completion:	15th May, 2026
Post-Acquisition Status:	Suryadeep becomes an Associate Company

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.