Ceigall India Limited — Important, 21-06-2025: Updates

Ceigall India Limited has announced a board meeting to approve the financial results for the quarter and half-year. The Board approved further investment in its subsidiary Ceigall Jalbehra Shahbad Greenfield Highway Pvt Ltd and sanctioned security for a Rupee Term Loan facility to another subsidiary to finance its highway project. The company is exploring a potential merger or investment in C & C Construction Limited to support strategic growth. No dividend will be declared for FY 2024-25, aiming to retain earnings to fuel project execution and financial stability amid expected project commencements under Hybrid Annuity Model.

Key acquisitions include stakes in two Special Purpose Vehicles (SPVs) for highway projects:

- Ceigall Jalbehra Shahbad Greenfield Highway Pvt Ltd (74% stake, approx. ₹1.57 Cr investment), turnover ₹267 Cr FY23-24.

- Ceigall Ludhiana Bathinda Greenfield Highway Pvt Ltd (1% stake acquisition, ₹0.29 Cr investment), project recently commenced with no turnover yet.

Both SPVs are part of NHAI’s Bharatmala Pariyojana on Hybrid Annuity Model (HAM), aligned with Ceigall’s infrastructure business focus.

Financially, the company reported steady revenue growth and profitability at standalone and consolidated levels with robust cash flow from operations, supporting ongoing capex and strategic investments.