Gujarat Alkalies and Chemicals Limited
Gujarat Alkalies and Chemicals Limited (GACL) has made a significant investment in Cleanmax Sphere Energy Private Limited, a special purpose vehicle (SPV) company. This disclosure is made pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows previous communications dated 18 October 2025, 5 November 2025, 14 November 2025, and 3 June 2026.
Investment Details
- Target Entity: Cleanmax Sphere Energy Private Limited ('SPV Company')
- Investment Purpose: To maintain GACL's 26% shareholding in the SPV company which is establishing a 75.9 MW Renewable Hybrid Power Project for 100% captive use by GACL
- Investment Amount: ₹32,32,97,915 (₹32.33 crore)
- Payment Date: 11 June 2026
- Share Price: ₹205 per share (₹10 face value + ₹195 premium)
- Shares Acquired: 15,77,063 equity shares
- Post-Investment Holding: Maintains 26% shareholding
Transaction Characteristics
- Consideration Type: Cash payment
- Related Party Status: Not a related party transaction
- Transaction Nature: Executed at arm's length
- Regulatory Approvals: Not required/Not applicable
Target Company Information
- Incorporation Date: 12 June 2020
- Industry: Renewable Energy
- Business Status: Yet to commence operations (pre-revenue)
- Country of Incorporation: India
- Business Focus: Renewable energy for captive use
Additional Information
GACL has committed to subscribe to further capital in Cleanmax Sphere Energy Private Limited from time to time to maintain its 26% equity shareholding. The shares will be allotted to GACL's demat account in due course. This disclosure complies with SEBI Circular No. H0/49/14/14(7)2025 - CFO - POD2/1/3762/2026 dated January 30, 2026.