Nandan Denim Limited has filed a regulatory disclosure under SEBI Listing Regulations (Regulation 30) as a continuation of their earlier intimation dated April 17, 2026.
The company has entered into a Share Transfer cum Shareholders' Agreement with three parties:
- Special Purpose Vehicle: M/s. Opera Vayu (Narmada) Private Limited ("SPV")
- Shivman Wind Energy Private Limited (identified as Promoter and Project Implementer)
- Nandan Denim Limited
The purpose of the agreement is for the purchase of wind and solar power under the applicable captive power route.
In connection with this agreement, the company has acquired 40,02,096 equity shares of Opera Vayu (Narmada) Private Limited, representing a 6.1% stake in the SPV.
The total consideration for this acquisition was ₹4,00,20,960 (Rupees Four Crore Twenty Thousand Nine Hundred Sixty Only). The transaction was completed on July 13, 2026, one day prior to this disclosure.
The disclosure was signed by Rinkuben Hardikkumar Patel, Company Secretary and Compliance Officer (Membership Number: A47703) of Nandan Denim Limited. The company's CIN is L51909GJ1994PLC022719.