Key Quantitative Figures
- Investment amount: Up to ₹20.50 Crore
- Target company financials (FY ended 31st March 2026):
- Turnover: Nil
- Profit after tax: (₹61,808.00)
- Net worth: ₹38,192.00
- Solar plant capacity: 29MW AC / 42 MWP DC
- Battery storage: 28 MWh Battery Energy Storage System (BESS)
- Minimum equity acquisition: 26% of STLC RE 1 Limited
Parties Involved
- JK Lakshmi Cement Limited (investor)
- STLC RE 1 Limited (target company)
- Sago Trading Limited (promoter group member holding 100% of STLC)
- Registered office of STLC: Link House, 4th Floor, 3, Bahadur Shah Zafar Marg, I.P. Estate, New Delhi - 110002
Purpose and Rationale
The investment enables JK Lakshmi Cement to setup a 29MW AC / 42 MWP DC Solar Power Plant along with 28 MWh Battery Energy Storage System (BESS) for the company's Integrated Cement Plant at Sirohi in Rajasthan under the group captive power route. This will allow the company to source renewable power at competitive market rates and reduce power costs at its plant locations.
Related Party Transaction Details
The acquisition falls within related party transactions as Sago Trading Limited, a member of the Promoter Group of JK Lakshmi Cement, holds 100% of the Issued, Subscribed and Paid-up Equity Share Capital of STLC RE 1 Limited. The transaction is being done at "arm's length" basis and has been approved by the Audit Committee.
Industry Classification
STLC RE 1 Limited operates in the "Generation and Distribution of Solar Power" industry.
Transaction Structure
- Consideration type: Cash Consideration
- Acquisition cost: Up to ₹20.50 Crore
- Shareholding percentage: Minimum 26% Equity Shares of STLC
- Country of operation: India
Additional Information
No governmental or regulatory approvals are required for this acquisition as stated in the disclosure. The target entity has presence only in India.