MRF Limited has entered into a Captive Power Agreement with R.D Nature Powers Private Limited on 13th November, 2026 for purchase of solar power under the group captive power policy of the Government of Tamil Nadu read with the Electricity Act, 2003 and Rules thereunder.
Acquisition Details
- Target Entity: R.D Nature Powers Private Limited
- Incorporation Date: 13th November, 2024
- Business: Generating, distributing, transmitting electricity/power obtained through wind, solar and other modes of green energy; electricity/power trading
- Installed Capacity: 65 MWp
- Financial Performance: Reported nil turnover in audited financial statements for financial years ended 31st March, 2025 and 31st March, 2026
Transaction Structure
- Equity Acquisition: MRF will acquire up to 30% of the paid-up equity capital of R.D Nature Powers Private Limited
- Investment Amount: ₹30 lakhs (Rupees Thirty Lakhs only)
- Share Details: 3,00,000 (Three Lakh) equity shares of ₹10/- each
- Consideration: Cash payment
- Completion Timeline: 31st December, 2026
Regulatory and Compliance Aspects
- SEBI Regulation: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Related Party Status: Not a related party transaction
- Government Approvals: Not applicable
- Policy Framework: Group captive power policy of Government of Tamil Nadu under Electricity Act, 2003
Purpose and Rationale
The acquisition is being made to enhance MRF Limited's source of renewable power supply and to maintain an equity stake as per group captive power generation compliance requirements under the Electricity Act, 2003 and Rules thereunder.