Telge Projects Limited has informed stock exchanges that its subsidiary company has signed an agreement to acquire a US-based architecture firm, marking a strategic expansion into specialized architectural services.

Acquisition Details

Telge Projects Inc., a subsidiary of Telge Projects Limited, entered into a Share Purchase Agreement on March 03, 2026 to acquire 100% stake in Edward Farr Architects, Inc. The transaction details are structured as follows:

Company Background and Financial Performance

Edward Farr Architects, Inc. was incorporated on July 15, 1991, with Corporate Charter Number 7C-459. The company has its registered office at 7710 Golden Triangle Drive, Eden Prairie Minnesota 55346-4148. EFA Inc. operates with a common stock structure of USD 150.00 shares at par value of USD 0.01 per share.

The company's financial performance over the last three years demonstrates growth trajectory:

Business Focus and Structure

Edward Farr Architects, Inc. operates in the specialized architecture and planning services sector in the USA. Following the completion of this acquisition, Edward Farr Architects will become a wholly owned subsidiary of Telge Projects Inc., making it a step-down subsidiary of the listed entity Telge Projects Limited.

The company emphasized that Telge Projects Limited itself is not a party to the Share Purchase Agreement. The agreement was received by the company on March 04, 2026, and the completion remains subject to satisfaction of certain conditions precedent as specified in the agreement.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key regulatory aspects include:

• The transaction does not fall within related party transactions
• No governmental or regulatory approvals are required for the investment
• No shares are being allotted to the listed entity directly
• The acquisition will not impact the management or control of the listed entity
• No restrictions or liabilities are imposed upon the listed entity

Strategic Implications

This acquisition represents Telge Projects' expansion strategy into the US market through its subsidiary operations. The move allows the company to establish a presence in specialized architecture and planning services, potentially creating synergies with its existing project portfolio and capabilities in the construction and infrastructure sector. The acquired entity will carry on the business of providing specialized architecture and planning services in USA.

Telge Projects Limited has officially announced the inauguration of its new branch office in Nashik, Maharashtra, through a press release filed under Regulation 30 of SEBI Listing Regulations. The company, which specializes in Building Information Modeling (BIM), Structural Engineering, Material take-offs, 2D Drafting, and Architectural design services, inaugurated the facility on February 23, 2026.

Regulatory Filing and Official Announcement

The company formally notified BSE Limited about the branch office inauguration through an official communication to the Listing Manager. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the strategic importance of this expansion.

New Facility Specifications

The Nashik branch office is strategically positioned to support the company's expanding international client base and operational requirements.

Service Capabilities and Market Focus

The Nashik facility will concentrate on delivering specialized engineering services to international markets. The office will undertake AEC BIM modeling, structural steel detailing, precast detailing, and project coordination and execution support for global clients. This expansion aligns with confirmed orders and aims to strengthen the company's execution capabilities while supporting scalable growth in international markets.

Financial Impact and Investment Structure

The branch office expansion follows a strategic approach with minimal capital expenditure requirements.

Management Perspective

Ms. Shraddha Telge, Chief Executive Officer of Telge Projects, commented on the strategic expansion: "The establishment of our Nashik branch represents a focused step in strengthening our delivery capabilities and deepening our engagement with international clients. This new branch represents an important strategic step in highlighting our commitment to disciplined growth, operational efficiency and building scalable execution capacity for the long term."

Strategic Positioning and Future Outlook

The Nashik branch office expansion demonstrates Telge Projects Limited's commitment to enhancing its service delivery infrastructure while maintaining operational efficiency. The two-shift operational model is designed to maximize facility utilization and improve delivery capabilities for the company's international client portfolio. With confirmed orders supporting this expansion and a phased ramp-up approach, the company aims to achieve optimal operational bandwidth while ensuring quality service delivery standards for its global AEC and BIM services.