Key Decision
The Board of Directors at their meeting held on 11th November 2026 approved an investment representing up to 26% of the paid-up capital of M/s Avaada Indsolar Private Limited.
Investment Details
- Target Entity: Avaada Indsolar Private Limited
- Industry: Renewable Power Developer
- Investment Type: Equity shareholding acquisition
- Percentage: 26% equity shareholding in proportion to ownership in the power plant
- Contract Capacity: 1 MWac / 1.3 MWdc Solar
- Consideration: Cash consideration at Rs. 10 per share
- Maximum Investment Amount: Rs. 0.46 crores
- Completion Timeline: The investment will be completed by March 2027
Transaction Characteristics
- Related Party Transaction: No
- Promoter/Promoter Group Interest: No
- Governmental/Regulatory Approvals Required: Not Applicable
Purpose and Impact
The investment will enable the company to procure dedicated renewable electricity supply for its hotel operations while achieving cost savings and supporting sustainability and ESG goals.
Target Company Background
Avaada Indsolar Private Limited was incorporated under the Companies Act 2013 on 29th June 2021 as a Private Limited Company for setting up ground-mounted solar photovoltaic power projects in India.
Financial Performance of Target Company
- FY 2025-26 Turnover: Rs. 490.03 Million
- FY 2024-25 Turnover: Rs. 458.72 Million
- FY 2023-24 Turnover: Rs. 80.14 Million