Nature of the Event

BirlaNu Limited (formerly HIL Limited) has disclosed an acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company entered into a Share Subscription and Shareholder Agreement (SSHA) for acquisition of 26% stake in FPEL HR5 Energy Private Limited.

Key Quantitative Figures

  • Equity investment amount: Up to ₹2.02 crore
  • Solar power plant capacity: 3.58 MW AC / 5.37 MWp DC
  • Stake acquired: 26% of share capital
  • Target entity turnover as of March 31, 2026: NIL (not yet operational)

Parties Involved

  • Acquiring entity: BirlaNu Limited (Scrip Code: 509675, NSE Symbol: BIRLANU)
  • Target entity: FPEL HR5 Energy Private Limited
  • Counterparty: Fourth Partner Energy Private Limited

Purpose and Rationale

The acquisition serves to:

  • Meet green energy needs for BirlaNu's Faridabad and Jhajjar units
  • Optimize energy costs
  • Comply with regulatory requirements for captive power consumption under electricity laws
  • Establish a solar power project in Haryana under captive scheme

Transaction Details

  • Consideration type: Cash consideration
  • Not a related party transaction
  • No promoter/promoter group interest in the acquisition
  • No governmental or regulatory approvals required
  • Target industry: Generation and transmission of solar energy and other renewable energy sources

Target Entity Background

FPEL HR5 Energy Private Limited is:

  • A special purpose vehicle incorporated on August 1, 2025
  • A step-down subsidiary of Fourth Partner Energy Private Limited
  • Formed specifically for setting up solar power projects in Haryana
  • Yet to begin operations (no historical turnover)
  • Fourth Partner Energy is engaged in developing, owning and operating renewable energy infrastructure

Financial and Operational Impact

The investment will provide BirlaNu with captive solar power generation capacity for its manufacturing units, potentially reducing energy costs and supporting sustainability goals. The financial impact is quantified as an equity investment of up to ₹2.02 crore.