Main Disclosure – Disinvestment Details
Target Entity: M/s. Sharvesh Power Projects Private Limited
Percentage Stake Disinvested: Entire 27% equity shareholding (full exit from previous 27% holding)
Post-Transaction Holding: 0% (complete exit)
Counterparty/Buyer: Not disclosed in the document
Mode of Consideration: Not disclosed in the document
Valuation or Price Basis: Not disclosed in the document
Transaction Size: Not disclosed in the document
Rationale for Disinvestment: The disinvestment follows the rescission of the Power Purchase Agreement entered into between the Company and M/s. Sharvesh Power Projects Private Limited. The investment was originally made for procurement of electricity for the Company's business operations. With the rescission of the PPA, the underlying purpose for the investment no longer exists.
Impact on the Company: The target entity contributed nil to the company's turnover, revenue, income, or net worth during the financial year 2025-26. The company will completely exit this investment.
Business Profile of Target Entity: M/s. Sharvesh Power Projects Private Limited was not involved in any business activity contributing to turnover/revenue/income or net worth of the Company during FY 2025-26.
Related Party Status: Not disclosed (details marked as Not Applicable in annexure)
Approvals Required: Board of Directors approval obtained on September 07, 2026
Indicative Timeline: Not disclosed (expected completion date marked as Not Applicable in annexure)
Other Updates
Board Meeting Details: The Board meeting was held on September 07, 2026, starting at 04:00 PM and concluding at 04:45 PM.
Regulatory Compliance: The disclosure is made under Regulation 30 read with Clause 1 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes complete annexure as required by SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.