Ceigall India Ltd

Ceigall India announced that Ceigall Ambala Chandigarh Zirakpur, Project Special Purpose Vehicle (SPV) has executed the Concession Agreement with the National Highways Authority of India on 09 June 2026. The Rs 603-crore project entails construction of 6-lane access controlled Spur connectivity starting from Ch. 15+100 of Ambala - Chandigarh section of NH 205A and terminating at Ch. 2+500 of Zirakpur Bypass (Total length 10.300 Km) under NH(0) in the state of Punjab

Under the terms of the agreement, Ceigall India and Ceigall Infra Projects will transfer their shareholding in CMASH to the infrastructure-focused investment fund. The transaction, including cash surplus, is valued at approximately Rs 177 crore, subject to customary adjustments between the parties. CMASH, a step-down subsidiary of Ceigall India, operates a highway asset in Punjab. For the financial year ended March 31, 2026, the company reported a turnover of Rs 82.69 crore, contributing around 2.1% of Ceigall India's consolidated turnover. The project company's net worth stood at Rs 136.11 crore, representing approximately 6.3% of the group's consolidated net worth. The company said that the divestment aligns with its strategy of monetizing operational infrastructure assets and recycling capital to support future growth opportunities across its infrastructure development and construction businesses. Ramneek Sehgal, chairman & managing director, Ceigall India, said, 'This transaction reflects our disciplined approach towards capital allocation and portfolio optimization. As we continue to expand our presence in the infrastructure sector, the monetization of select assets enables us to unlock value and strengthen our financial flexibility for future growth opportunities. We remain focused on delivering high-quality infrastructure projects across the country while creating long-term value for all stakeholders.' Ceigall India is an infrastructure engineering, procurement, and construction (EPC) company engaged in the development of highways, expressways, bridges, flyovers, railway overbridges, tunnels, and runways. The Company executes projects under EPC as well as Hybrid Annuity Model (HAM) formats and has a strong track record of timely execution across multiple states in India. The company's consolidated net profit jumped 70.85% to Rs 126.60 crore on 37.06% increase in revenue from operations to Rs 1386.51 crore in Q4 FY26 over Q4 FY25. The counter shed 0.26% to Rs 358.50 on the BSE.Powered by Capital Market - Live

Ceigall India has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH), a road infrastructure project company in Punjab, to Neo Infra Income Opportunity Fund, managed by Neo Alternative Asset Managers. Under the terms of the agreement, Ceigall India and its wholly owned subsidiary, Ceigall Infra Projects, will transfer their shareholding in CMASH to the infrastructure-focused investment fund. The total consideration for the transaction, including cash surplus, is valued at approximately Rs 177 crore. CMASH is a step-down subsidiary of Ceigall India and operates a highway asset in Punjab. For the financial year ended 31 March 2026, the company reported a turnover of Rs 82.69 crore, contributing around 2.1% of Ceigall India's consolidated turnover. The project company's net worth stood at Rs 136.11 crore, representing approximately 6.3% of the group's consolidated net worth.

Ceigall India has been selected for setting up of 100 MW Standalone Battery Energy Storage Systems (BESS) in Punjab under Tariff-Based Global Competitive Bidding through E-Reverse Auction from Punjab State Power Corporation. The project is valued at Rs 250 crore.

Ceigall India has been selected for setting up of 50 MW Standalone Battery Energy Storage Systems (BESS) in Punjab under Tariff-Based Global Competitive Bidding through E-Reverse Auction from Punjab State Power Corporation. The project cost is Rs 125 crore.

Ceigall India announced that the Board of Directors of the Company at its meeting held on 7 May 2026, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Net profit of Ceigall India rose 70.86% to Rs 126.61 crore in the quarter ended March 2026 as against Rs 74.10 crore during the previous quarter ended March 2025. Sales rose 37.06% to Rs 1386.51 crore in the quarter ended March 2026 as against Rs 1011.61 crore during the previous quarter ended March 2025. For the full year,net profit rose 6.08% to Rs 311.89 crore in the year ended March 2026 as against Rs 294.02 crore during the previous year ended March 2025. Sales rose 17.04% to Rs 4022.40 crore in the year ended March 2026 as against Rs 3436.73 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1386.511011.61 37 4022.403436.73 17 OPM %16.1212.64 -14.5515.08 - PBDT192.24114.08 69 479.32440.25 9 PBT175.9397.93 80 417.63384.59 9 NP126.6174.10 71 311.89294.02 6 Powered by Capital Market - Live

Ceigall India will hold a meeting of the Board of Directors of the Company on 7 May 2026.

Ceigall Green Energy MP, wholly owned subsidiary of Ceigall India has completed the execution of 15 Power Purchase Agreements (PPAs) on 1 April 2026, with Madhya Pradesh Power Management Company (MPPMCL) for the awarded capacity of 130 MW under Surya Mitra Krishi Feeder Yojna. The project cost is approx. Rs 572 crore.

Stocks in Spotlight: Export-oriented stocks will be in focus as the West Asia conflict intensifies, with the US-Iran war entering its fifth week, pushing up crude oil prices and raising inflation concerns. Ceigall India announced that its subsidiary, Ceigall Infra Projects (CIPPL), has secured an order worth Rs 603 crore from the National Highways Authority of India (NHAI) for the construction of a six-lane access-controlled spur road in Punjab. The project, with a bid value of Rs 603 crore, comprises an 18-month construction phase followed by a 15-year operation and maintenance (O&M) period. RailTel Corporation of India announced that it has received a Letter of Intent (LoI) from the Centre for E-Governance for selection as system integrator for the KSWAN 3.0 project. The order, valued at Rs 444.44 crore (including taxes). Thermax announced that its wholly owned subsidiary, Thermax Babcock & Wilcox Energy Solutions (TBWES), has secured an order worth approximately Rs 1,600 crore from Anuppur Powerprojects for a thermal power project. Dilip Buildcon said that it has secured a contract worth Rs 698.49 crore from the Narmada Water Resources, Water Supply and Kalpasar Department, Government of Gujarat. KNR Constructions has received a Letter of Award from the National Highways Authority of India for a highway project in Telangana. The project involves four-laning of NH-167 from Gudebellur to Mahabubnagar, covering a stretch of 80.01 km under the Hyderabad-Panaji section, the company said in an exchange filing. The total project cost stands at Rs 1,734 crore. Syngene International's board approved the appointment of Siddharth Mittal as an additional director, designated as managing director (MD) & chief executive officer (CEO) with effect from 1 July 2026. Meanwhile, Peter Bains will step down from his role as MD & CEO, effective from close of business hours on 30 June 2026. Powered by Capital Market - Live