This is a public announcement for information purposes only and is not a prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe to securities. Not for release, publication or distribution directly or indirectly, outside India. Initial public offer of Equity Shares (as defined below) on the main board of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE", and together with BSE, the "Stock Exchanges") in compliance with Chapter II of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEEBIICDR Regulations").

Our Company was originally incorporated as "Ceigall Builders Private Limited" at Ludhiana, Punjab, India under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated July 8, 2002, as a private limited company issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Chandigarh. Upon the conversion of our Company into a public limited company, pursuant to a board resolution dated January 28.2011 and a shareholders' resolution dated January 29,2011. the name of our Company was changed to "Ceigall India Limited" and a fresh certificate of incorporation dated February 9.2011 was issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at Chandigarh. For details in relation to the changes in the registered office of our Company, see History and Certain Corporate Matters - Changes in the registered office of our Company" on page 2444 of the prospectus dated August 5.2024 filed with the RoC (' Prospectus')

Corporate Identity Number: U45201PE382002PLC025257

Our Company has filed the Prospectus dated August 5,2024 with the RoC, and the Equity Shares are proposed to be listed on National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and trading will commence on August 8,2024.

INITIAL PUBLIC OFFERING OF 31,243.701 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH ("EQUITY SHARES") OF CEIGALL INDIA LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OFRs. 401 PER EQUITY SHARE INCLUDING A SECURITIES PREMIUM OF Rs. 396 PER EQUITY SHARE (THE "OFFER PRICE") AGGREGATING TO Rs. 12,526.63 MILLION (THE "OFFER"). THE OFFER COMPRISES A FRESH ISSUE OF 17,068,861 EQUITY SHARES BY OUR COMPANY AGGREGATING TO Rs. 6,842.52 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 14,174,840 EQUITY SHARES (THE "OFFERED SHARES") AGGREGATING TO Rs. 5,684.11 MILLION (THE "OFFER FOR SALE"), COMPRISING 4,248,300 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH AGGREGATING TO Rs. 1,703.57 MILLION BY RAMNEEK SEHGAL. 7,536,050 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH AGGREGATING TO Rs. 3,021.96 MILLION BY RAMNEEK SEHGALK SEHGAL AND SONS HUF (TOGETHER "PROMOTER SELLING SHAREHOLDERS"). 4,950 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH AGGREGATING TO Rs. 1.98 MILLION BY AVNEET LUTHRA. 919,960 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH AGGREGATING TO Rs. 368.90 MILLION BY MOHINDER PAL SINGH SEHGAL. 548.980 EQUITY SHAQUITY SHARES AGGREGATING TO Rs. 220.14 MILLION BY PARM JIT SEHGAL, 914,950 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH AGGREGATING TO Rs. 366.89 MILLION BY SIMRAN SEHGAL (COLLECTIVELY REFERRED TO AS THE "PROMOTER GROUP SELLING SHAREHOLDERS"), AND 1,650 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH AGGREGATING TO Rs. 0.66 MILLION BY KANWALDEEP SINGH LUTHRA ("INDIVIDUAL SELLING SHAREHOLDER" AND TOGETHER WITH THE PROMOTER SELLING SHARE HOLDERS AND THE PROMOTER GROUP SELLING SHAREHOLDERS REFERRED TO AS THE 'SELLING SHAREHOLDERS").

1. Our business is primarily dependent on contracts awarded by governmental authorities. As on June 30, 2024, Fiscal 2024, 2023 and 2022 the NHAI projects awarded to us constituted 80.31%, 76.66%, 89.72% and 95.05% of our Order Book, while the remaining 19.69%, 23.34%, 10.28%, and 4.95 % of our Order Book was from contracts with other central, state governmental and local departments. Any adverse changes in the central, state or local government policies may lead to our contracts being foreclosed, terminated, restructured or renegotiated, which may have a material affect on our business and results of operations.

2. Losses and negative cash flow from operating activities in the past: We have sustained negative cash flows from operating activities in the past and may experience earnings declines or operating losses or negative cash flows from operating activities in the future. If we are not able to generate sufficient cash flows, it may adversely affect our business and financial operations.

Details are as follows:

(in Rs. million

3. Competitive Risk: All, EPC and HAM projects we operate have been awarded primarily through competitive bidding process. Our bids may not always be accepted. We may not be able to qualify for, compete and win projects or identify and acquire new projects, which could adversely affect our business and results of operations. In Fiscal 2024,2023 and 2022, our Company has bidded for 52, 50 and 139 projects and has been awarded 4, 5 and 14 projects. Further Market conditions may affect our ability to complete our HAM and EPC projects at expected profit margin.

4. Operational Risk: Our revenue from execution of projects in the roads and highways sector including specialized structures constituted approximately 92.71%, 96.57% and 97.46% of our total revenue for the Financial Years ended March 31,2024,2023 and 2022, respectively. Our business and ourfinancial condition would be materially and adversely affected if we fail to obtain new contracts or our current contracts are terminated.

5. Risk related to high working capital requirement: We have high working capital requirements. If we experience insufficient cash flows to enable us to make required payments on our debt or fund working capital requirements, there may be an adverse effect on our results of operations and profitability of our Company. Our working capital requirement was Rs. 5,304.70 in Fiscal 2024, Rs. 4,059.98 in Fiscal 2023 and k 3,080.25 in Fiscal 2022.

6. Risk related to RoC non-compliance: In the past, we have had instances of non-compliance underthe Companies Act, 2013, where our Company had filed compounding applications for non-compliance by (i) not constituting nomination and remuneration committee; (ii) not constituting audit committee and (iii) not appointing at least two independent directors on Board. Any such instances of non-compliance may have an adverse effect on our reputation and impact our profitability.

7. Risk related to delay in completion of construction: Delays, such as natural disastar, seasonal impact, delay in land acquisition by authority and others, in the completion of construction of ongoing projects could lead to termination of our contracts or cost overruns or claims for damages, which could have an adverse effect on our business and results of operations.

8. Risk related to operations with Joint venture: Projects sub-contracted or undertaken through a joint venture may be delayed on account of non-performance of the joint venture partner, principal or sub-contractor, resulting in delayed payments or non-enforcement of performance guarantee issued by us, could lead to material adverse effect on our business and results of operations.

9. Risk related to payment towards royalty charges for mining: We are required to pay royalty charges for mining pursuant to terms of our contracts and specific central and state regulations. Any adverse change in the terms of contract and policies adopted by the government regarding payment of royalty on mining could adversely affect our project cost and profitability. We have paid mining royalty ofRs. 365.60 million in Fiscal 2024, Rs. 65.88 million in Fiscal 2023, k 11.30 million in Fiscal 2022, Rs. 56.59 million in Fiscal 2021 and Rs. 1.03 million in Fiscal 2020.

10. Operations related risk: Our operations are subject to accidents, mishaps, failure of equipment, power supply, labour disputes, natural disasters or other force majeure conditions which are beyond our control and could expose us to material liabilities, loss in revenues and increased expenses, which could have an adverse effect on our business and results of operations.

11. Regional Concentration Risk: Our business is relatively concentrated in north, west and central region of India and any adverse development in these regions may adversely affect our business and results of operations.

12. Risk related to arrangement or invocation of performance bank guarantee: We are required to furnish financial and performance bank guarantees as part of our business. In Fiscal 2024, 2023 and 2022, Our Company has issued bank guarantee (including letter of credit) of Rs. 7,498.97 million, Rs. 5,524.82 million and Rs. 3,358.09 million. Our inability to arrange such guarantees or the invocation of such guarantees may adversely affect our financial condition.

13. The Offer comprises an Offer for Sale by the Selling Shareholders. The Selling Shareholders will receive the entire proceeds from the Offer for Sale (after deducting applicable Offer expenses) and our Company will not receive any part of the proceeds of the Offer.

14. We operate in a competitive environment and compete against various domestic and foreign engineering, construction and infrastructure companies and our failure to successfully compete could result in the loss of one or more of our significant customers and may adversely affect our business.

15. We may not be able to always complete our projects ahead of schedule and be eligible for early completion bonus, which could have an adverse effect on our profitability.

16. Weighted average cost of acquisition of primary and secondary issuances as compared to Floor Price and Cap Price:

‘As certified by Statutory Auditors, by their certificate dated August5,2024.

17. Average cost of acquisition of Equity Shares for our Selling Shareholders in the Offer is as

stated in the below table and the Offer Price at the upper band of the price band is Rs. 401.

'As certified by Statutory Auditors, by way of their certificate dated August 5,2024.

18. Weighted average cost of acquisition of all shares transacted in the three years, 18 months and one year preceding the date of the Prospectus:

@As certified by Statutory Auditors by way of their certificate dated August 5,2024.

19. The Price to Earnings Ratio based on Basis and Diluted EPS for Fiscal 2024 at the upper end of the Price Band is 20.70 times as compared to the average industry Peer Group PE Ratio of 18.34.

20. Weighted Average Return on Net Worth for the Financial Years 2024,2023 and 2022 is 31.05%.

21. The three BRLMs associated with the Offer have handled 79 public issues in the past three financial years, out of which 20 issues closed below the Offer Price on listing date:

* Issues handled where there are no common BRLMs.

The Offer was made in terms of Rule 19(2)<b) of the Securities Contracts (Regulation) Rules, 1957. as amended (the "SCRR"), read with Regulation 31 of theSEBI ICDR Regulations. The Offer was made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer was made available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs") (the 'QIB Portion^-) Our Company in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis by our Company in consultation with the BRLMs. in accordance with the SEBI ICDR Regulations (the 'Anchor Investor Portion^-), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids having been received from the domestic Mutual Funds at or above the price at which allocation was made to Anchor Investors ('Anchor Investor Allocation Price ^-). Further, 5% of the Net QIB Portion was made available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids having been received at or above the Offer Price, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, 55,096 Equity Shares of face value of Rs. 5 each aggregating toRs. 20.00 million was made available for allocation to Eligible Employees, subject to valid Bids having been received at or above the Offer Price. Further, not less than 15% of the Net Offer was made available for allocation to Non-lnstitutional Investors f Non-lnstitutional Category j of which one-third of the Non-lnstitutional Category was made available for allocation to Bidders with an application size of more than Rs. 200,000 and up to Rs. 1,000,000 and two-thirds of the Non-lnstitutional Category was made available for allocation to Bidders with an application size of more than Rs. 1,000,000 and under-subscription in either of these two subcategories of Non-lnstitutional Category was allocated to Bidders in the other sub-category of Non-lnstitutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Offer Price. Further, not less than 35% of the Net Offer was made available for allocation to Retail Individual Investors ('Retail Category "), in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Offer Price. All Bidders (except Anchor Investors) were required to mandatory participate in this Offer only through the Application Supported by Blocked Amount fASBA^-) process and were required to provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount was blocked by the Self Certified Syndicate Banks (^-SCSBs‘) or the Sponsor Bank(s), as the case may be. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. Further, Equity Shares were allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids having been received from them at or above the Offer Price. For details, see *Offer Procedure" beginning on page 414 of the Prospectus.

The bidding for Anchor Investor opened and closed on Jufy 31.2024 The Company received 29 applications from 23 Anchor Investors for 1.02,79,969 Equity Shares. The Anchor Investor Offer Price was finalized at Rs.401 per Equity Share. A total of 93,56,581 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 3,75,19,88,981.00.

The Offer received 10,19,184 applications for 31,02,45,666 Equity Shares resulting in 14.17 times subscnption as disclosed in the Prospectus. The details of the applications received in the Offer from Retail Individual Bidders. Non-lnstitutional Bidders, Eligible Employees and QIBs are as under (before technical rejections):

Final Demand

A summary of the final demand as per NSE and BSE as on the Bid/Offer Closing Date at different Bid prices is as under

A. Allotment to Retail Individual Bidders (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs. 401 per Equity, was finalized in consultation with NSE. subscribed to the extent of 3.89 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 1,09,16,012 Equity Shares

This category has been to 2,95,027 successful

B. Allotment to Non-lnstitutional Bidders (more than 70.20 million and upto 71.00 million) (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-lnstitutional Bidders (more than 7 0.20 million and upto 71 million), who have bid at the Offer Price of 7 401 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 12.20 times. The total number of Equity Shares allotted in this category is 1,55,94,30 Equity Shares to 3,010 successful applicants. The category-wise details ofthe Basis of Allotment are as under: (Sample)

C. Allotment to Non-lnstitutional Bidders (more than .00 million) (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-lnstitutional Bidders (more than Rs.1 million), who have bid at the Offer Price of Rs.401 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 16.17 times. The total number of Equity Shares allotted in this category is 31.18.861 Equity Shares to 6,020 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample)

D. (I) Allotment to Eligible Employees (upto Rs. 2,00,000) (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Eligible Employees, who have bid at the Offer Price of Rs.401 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.79 times. The total number of Equity Shares allotted in this category is 43.549 Equity Shares to 175 successful applicants. The category-wise details of the Basis of Allotment are as under: (Sample)

D. (II) Allotment to Eligible Employees (Rs. 2,00,000 - Rs. 5,00,000) (After Rejections) (including ASBA Applications)

The Basis of Allotment to the Eligible Employees, who have btd at the Offer Price of Rs.401 per Equity Share or above, was finalized in consultation with NSE. This category has been subscnbed to the extent of 1.37 times. The total number of Equity Shares allotted in this category is 11,547 Equity Shares to 37 successful applicants. The category-wise details of the Basis of Allotment are as under: (Sample)

E. Allotment to QIBs (After Rejections)

Allotment to QIBs. who have bid at the Offer Price of Rs.401 per Equity Share or above, has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 34.03 times of Net QIB portion. As per the SEBI Regulations. Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 3,11,887 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 59,25,834 Equity Shares on a

F. Allotment to Anchor Investors (After Rejections)

The Company, in consultation with the BRLMs. have allocated 93.56,581 Equity Shares to 23 Anchor Investors (through 29 Anchor Investor Application Forms) (including 9 domestic Mutual Funds through 13 schemes) at an Anchor Offer Price at Rs. 401 per Equity Share in accordance with SEBI ICDR Regulations. This represents 60% of the QIB portion.

The Board of Directors of our Company at its meeting held on August 6,2024 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation and/or notices have been dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Offer Account on August 6,2024 and the payments to non-syndicate brokers have been issued on August 7.2024. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful allottees have been uploaded on August 7, 2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with BSE and NSE on August 7, 2024. The Company has received the listing and trading approval from BSE & NSE, and trading will commence on August 8, 2024.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

CORRIGDENDUM NOTICE TO INVESTORS

This corrigendum is with reference to the Prospectus dated August 5.2024 ("Prospectus") filed in relation to the Offer. In this regard, please note, in the chapter *Material Contracts and Documents for Inspection" on page 454 of the Prospectus, for serial no. 13, the years of the annual reports of the Company exclusively for the purposes of the Offer should be read as Fiscals 2023.2022 and 2021 and not Fiscals 2024,2023 and 2022.

INVESTORS PLEASE NOTE

These details of the Allotment made was hosted on the website of Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in.

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the Bid cum Application form number. Bidders DP ID. Client ID. PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares bid for, name of the Member of the Syndicate, place where the btd was submitted and payment details at the address given below:

CEIGALL INDIA LIMITED has filed the Prospectus with the RoC. The Prospectus is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bsemdia.com and www.nseindia.com, respectively, on the website of the Company at www.ceigall.com and the BRLMs i.e., ICICI Securities Limited at www.icidsecurities.com, IIFL Securities Limited at www.iiflcap.com and JM Finandal Limited at www.jmfl.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled 'Risk Factors'beginning on page 34 of the Prospectus. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision but can only rely on the information induded in the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions as defined in and in reliance on Regulation S and the applicable laws of each jurisdictions where such offers and sales are made. There will be no public offering of the Equity Shares in the United States.