Pan Global Corp. updates its shareholders concerning the 5.7MW small-hydro plant the Company is in the process of acquiring in northern India pursuant to its staggered acquisition of Regency Yamuna Energy Limited. Final construction of Project Badyar is being divided into two final stages pre-commercial operation date (Pre-COD) and post-commercial operation date.

Pre-COD is anticipated to be completed as major civil works, including, but not limited to, construction of the Diversion Trench Weir structure, come to a close, barring any adverse weather conditions or other unforeseen circumstances. As per RYEL, dividing the remaining construction into two stages allows for Project Badyar to adhere to a schedule of being connected to the power grid on an anticipated timeline of late spring/early summer. Upon completion of Pre-COD construction, it is intended that the process will be immediately started to connect Project Badyar to the power grid to commence commercial operations of producing electricity and, subsequently, revenue.

Certain construction activities, including, but not limited to, coating and painting of Project Badyar's Conveyance Lines, constitute the Post-COD construction.