Investment Details
- Investment Amount: Up to ₹112.20 lakhs (cash consideration)
- Stake Acquired: 26% equity shareholding in Agganga Energy Private Limited
- Completion Timeline: Approximately 6 months
- Regulatory Approvals: Not required as per disclosure
Target Company Information
Agganga Energy Private Limited
- Industry: Renewable Energy (solar photovoltaic power plant energy projects)
- Business: Implementation, operation, and maintenance of solar power plants
- Incorporation Year: 2025
- Geographic Presence: India
- Financial Performance:
- FY 2025-26 Turnover: ₹Nil
- FY 2025-26 Profit After Tax: ₹0.03 lakhs
- FY 2024-25 and FY 2023-24: Not applicable/available
Transaction Rationale
The investment aims to reduce power costs by shifting toward solar and wind power energy, which are cost-effective and environmentally friendly.
Regulatory and Compliance Aspects
- SEBI Regulation: Disclosure made under Regulation 30 read with Para B of Part A of Schedule III of SEBI Listing Regulations
- Related Party Transaction: Confirmed not to be a related party transaction
- Promoter Interest: No interest from promoter/promoter group/group companies in the acquired entity
- Arms Length: Transaction conducted at arms length
Additional Information
The disclosure was made on October 14, 2026, by Meenal Bansal, Company Secretary (Membership No. A35091). The information is available on the company's website at www.sparkminda.com.
Company Identification
- Corporate Office: D-6-11, Sector 59, Noida - 201301, U.P., India