Polyplex Corporation's board approved investment of up to ₹1,100 Lakh for ~49% equity stake in solar SPV Clean Max Neht Private Limited.
The investment targets solar power supply for Polyplex's manufacturing plants at Khatima and Bazpur via a Share Subscription and Shareholders' Agreement.
Deal aims to meet green energy needs, optimise energy costs, and comply with captive power consumption regulations under Electricity Laws.