Date: 30.07.2026

Acquisition Details

Lagnam Spintex Limited has entered into a Share Purchase Agreement to acquire 0.68% of the equity share capital of CGE II Hybrid Energy Private Limited.

Target Company Information

  • Name: CGE II Hybrid Energy Private Limited
  • Business: Generation and transmission of renewable energy, specifically solar power generation
  • Corporate Structure: Subsidiary of Continuum Green Energy Limited, Special Purpose Vehicle (SPV)
  • Date of Incorporation: 02.12.2021
  • Country of Operation: India
  • Financial Performance:
  • Turnover (2022-23): NIL
  • Turnover (2023-24): NIL
  • Turnover (2024-25): NIL
  • Capital Structure:
  • Paid-up Share Capital: ₹349,00,00,000
  • Authorized Share Capital: ₹550,00,00,000

Transaction Details

  • Percentage Acquired: 0.68% equity shareholding
  • Acquisition Cost: Equity investment of up to ₹3.33 crores
  • Payment Method: Cash consideration through online banking
  • Completion Timeline: Up to August 2026
  • Regulatory Approvals: Not required
  • Related Party Status: Not a related party transaction. Promoter/promoter group/group companies have no interest in the acquisition.

Strategic Purpose and Impact

The acquisition aims to augment captive renewable energy capacity of up to 3.5 MW for Lagnam Spintex Limited's plants located at A 51-53, RIICO Growth Centre Hamirgarh, Bhilwara in the state of Rajasthan. The Wind-Solar Hybrid Project will qualify as captive consumer under the Electricity Act/Rules, ensuring long-term cost efficiency and sustainability for the company's operations.

Governance and Compliance

  • Disclosure Reference: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015