Telge Projects material subsidiary Telge Global Inc has entered into a Share Purchase Agreement to acquire a 100% stake in Wheaton Detailing Services Inc for US $85,000. The transaction was signed on August 31, 2026.

The acquisition marks a strategic entry into the industrial, petrochemical and commercial structural steel markets in the United States. Upon completion, Wheaton Detailing Services Inc will become a wholly owned step-down subsidiary of the listed entity.

Transaction Details

The sellers in the transaction are Andrew J. Wheaton and Patrice Wheaton. Neither party is related to the promoter or promoter group of Telge Projects. The listed company received the intimation on August 31, 2026, with the press release issued on September 1, 2026.

Strategic Context

Telge Global Inc aims to carry on the business of providing structural steel detailing and steel design services in the United States through this acquisition. WDS Inc’s established presence and domain expertise will enable Telge Projects to access new customer segments and participate in a broader range of structural engineering projects.

Ms. Shraddha Shailesh Telge, Chairman, Managing Director & CEO of Telge Projects Limited, stated that the acquisition represents a focused step in strengthening the group's presence in the U.S. market and broadening its structural engineering capabilities. She noted that the addition of WDS Inc will complement existing service offerings and create opportunities to deepen relationships across the U.S. market.

The acquisition provides an opportunity to deepen customer relationships, broaden the Group’s service offering and leverage cross-selling opportunities across the combined platform. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Telge Projects Limited has scheduled its 9th Annual General Meeting (AGM) for Tuesday, September 15, 2026, at 11:30 a.m. (IST). The company’s Board of Directors, meeting on August 7, 2026, also approved the Annual Report and Management Discussion & Analysis for the financial year ended March 31, 2026 (FY26). Shareholders will be able to attend and vote via Video Conferencing or Other Audio Visual Means (VC/OAVM), with remote e-voting facilities available from September 12 to September 14, 2026.

The Board’s decision follows the earlier intimation issued under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outcome was disclosed pursuant to Regulation 30 of the same regulations. Namrata Vijay Bang, Company Secretary and Compliance Officer, signed the communication submitted to BSE Limited on August 7, 2026.

Key Resolutions and AGM Details

The Board approved several key items during the session, which commenced at 10:00 a.m. and concluded at 10:36 a.m. The primary focus was finalizing the corporate governance calendar for the upcoming year.

Shareholders entitled to vote are those recorded in the register of members or depositories as of the cut-off date, Friday, September 11, 2026. Bigshare Services Private Limited (RTA) will facilitate remote e-voting and e-voting during the e-AGM. M/s. KPN and Associates, Practicing Company Secretaries, have been appointed as the scrutinizer for the voting process.

Director Re-appointment

The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mrs. Priti Vishal Telge [DIN: 10590892] as a Non-Executive Director. She retires by rotation at the ensuing AGM and is eligible for re-appointment pursuant to Section 152 of the Companies Act, 2013. This re-appointment is subject to shareholders' approval.

Mrs. Telge holds a Master of Management Studies (MMS) from the University of Mumbai and has over eight years of experience in Human Resource Management. She has been associated with Telge Projects since April 2024, providing strategic leadership in HR policy formulation, talent management, and organizational development. She is the spouse of Mr. Vishal Uttam Telge, another Non-Executive Director of the company. As per disclosures under SEBI Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026, she is not debarred from holding office by any regulatory authority.