HG Infra Engineering Limited (HGINFRA) has announced a strategic move to bolster its leadership team with the appointment of Dr. Puneet Gupta as Head of New Energy Verticals. The company, known for its infrastructure development projects, is set to expand its footprint in the emerging energy sector with this key addition to its senior management.

Appointment Details

Dr. Gupta's appointment, effective October 1, 2025, marks a significant step for HGINFRA as it categorizes him as Senior Management Personnel. This full-time position underscores the company's commitment to diversifying its portfolio and embracing new energy solutions.

Dr. Gupta's Background

Dr. Puneet Gupta brings a wealth of experience and expertise to his new role:

• Education: Bachelor's degree in Chemical Engineering from IIT Mumbai, Master's degree and PhD in Chemical Engineering from Washington University, St. Louis.
• Professional Experience: Over 20 years in business management across technology, project engineering, finance, and operations sectors.
• Previous Roles:
  • Managing Director at Venabo Pte. Ltd, Singapore
  • Joint-President and Senior Vice-President & CTO at Adani Enterprises' Solar Manufacturing division
  • Vice-President of Polysilicon R&D & Technology Commercialization at GCL Solar Materials, USA/Singapore
  • Director at SunEdison Products Singapore Pte. Ltd
  • Chief Technology Officer at Samsung MEMC Polysilicon, South Korea

Industry Expertise

Dr. Gupta's experience in the solar and polysilicon industries positions him well to lead HGINFRA's new energy initiatives. His background spans:

• Technology development and commercialization
• Project management and engineering
• Financial operations
• Supply chain management
• Business development and marketing
• Research and development
• Legal and intellectual property creation

Strategic Implications

The appointment signals HGINFRA's intent to expand its operations into new energy verticals, potentially diversifying the company's portfolio beyond traditional infrastructure projects and tapping into the growing renewable energy sector.

Company's Statement

In its regulatory filing, HG Infra Engineering Limited stated, "Dr. Puneet Gupta has been appointed as Head - New Energy Verticals, categorized as Senior Management Personnel (SMP) of the Company, effective from October 01, 2025."

This strategic appointment underscores HGINFRA's commitment to growth and innovation in the evolving energy landscape.

HG Infra Engineering Limited (HGIEL) has made a strategic move to expand its presence in the solar power sector by investing a total of Rs. 8.80 crore in three of its solar power subsidiaries. The company announced the acquisition of additional equity shares through rights issues in these subsidiaries, marking a significant step towards diversifying its business operations.

Investment Details

The investments were made in the following subsidiaries:

Transaction Specifics

• Mode of Acquisition: Cash consideration
• Nature of Transaction: Related party transactions (as all entities are subsidiaries of HGIEL)

Subsidiary Profiles

All three subsidiaries are yet to commence business operations:

1. H.G. Bikaner Solar Project Private Limited

   • CIN: U35100RJ2024PTC094777
   • Authorized Capital: Rs. 3.05 crore
   • Shares Acquired: 30,10,000 Equity Shares

2. H.G. Muknasar Solar Project Private Limited

   • CIN: U35100RJ2024PTC095527
   • Authorized Capital: Rs. 3.05 crore
   • Shares Acquired: 30,10,000 Equity Shares

3. H.G. Paleena Solar Project Private Limited

   • CIN: U35100RJ2024PTC095727
   • Authorized Capital: Rs. 2.90 crore
   • Shares Acquired: 27,80,000 Equity Shares

Strategic Implications

This investment aligns with HG Infra Engineering's strategy to expand its business into the solar power sector. The company stated that these investments are intended for the "expansion of business and set up of Solar Power Plants." This move indicates HGIEL's commitment to diversifying its portfolio and tapping into the growing renewable energy market.

Regulatory Compliance

The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about these transactions, in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure, including the specifics of each subsidiary and the nature of the transactions, was provided to ensure transparency and regulatory adherence.

As HG Infra Engineering Limited ventures into the solar power sector through these strategic investments, it will be interesting to observe how this diversification impacts the company's overall growth and market position in the future.