Ceigall India Limited has announced that its Board of Directors has authorised the execution of a Non-Binding Offer (NBO) letter from an Asset Management Company for the proposed sale of 100% equity stake in its subsidiaries. These subsidiaries are Ceigall Jalbehra Shahbad Greenfield Highway Private Limited and Ceigall Bathinda Dabwali Highways Private Limited.
The potential transaction is contingent upon the completion of due diligence, negotiation, and execution of definitive agreements. Additionally, it requires obtaining necessary regulatory, statutory, lender, and other approvals as applicable.
The company stated that further details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, will be provided once the definitive agreements are executed. These agreements are subject to satisfactory completion of due diligence, legal review, and documentation by all parties involved.
The meeting of the Management Committee of the Board of Directors, where this decision was made, commenced at 02:30 P.M. and concluded at 02:45 P.M. IST on 25th March 2026.
The information is also available on the company’s website at www.ceigall.com.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).