ISGEC Heavy Engineering has informed that this update is in continuation of its previous disclosures dated December 09, 2024, March 10, 2025, May 09, 2025, and July 15, 2025, regarding the sale of the entire shareholding of nonmaterial wholly owned subsidiary, lsgec Investments, Singapore, in its wholly owned subsidiary, Bioeq Energy Holdings One, Cayman Islands, pursuant to the Sale and Purchase Agreement (SPA) executed with Triumph Excel Limited (Buyer) on December 09, 2024. Copies of the above mentioned disclosures are attached as Annexure-1. The company had previously informed that the transaction was expected to be completed by September 15, 2025. This wholly owned subsidiary and Seller, lsgec investments, September 15, 2025 that the Buyer has failed to make the requisite payments and fulfil other obligations as stipulated under SPA and related documents executed in this regard. The Company shall keep the stakeholders and stock exchanges informed upon receipt of any further communication from its wholly owned subsidiary, Isgec investments. This intimation is being uploaded on the website of the Company at www.isgec.com.
The above information is a part of company’s filings submitted to BSE.
