CESC Limited — Important, 01-02-2025: General Updates

CESC Limited has successfully acquired 100% share capital of Chandigarh Power Distribution Limited (CPDL), which is now a wholly owned subsidiary of Eminent Electricity Distribution Limited (EEDL), a subsidiary of CESC. The Chandigarh Administration's Engineering Department has implemented the Chandigarh Electricity Reforms Transfer Scheme, 2025, effective February 1, 2025. This scheme transfers all electricity functions, along with associated assets and liabilities, from the Engineering Department of Chandigarh to CPDL. This acquisition positions CESC for potential growth in the electricity distribution market, enhancing its operational footprint and capabilities. Investors should watch closely for developments stemming from this strategic move, as it may create new revenue streams and operational efficiencies.