Key Quantitative Figures
- Investment amount: ₹3,00,00,000 (Indian Rupees Three Crore)
- Equity stake acquired: 49% of FKEPL
- Number of shares acquired: 17,29,106 equity shares of ₹10 each
- FKEPL Authorized share capital: ₹3,60,00,000
- FKEPL Pre-investment paid-up capital: ₹1,80,00,000
- FKEPL Post-investment paid-up capital: ₹3,52,91,060
- FKEPL Turnover: Nil
Parties Involved
- Powerica Limited (Investor)
- Fuji-Kailash Energy Private Limited (FKEPL) (Target company)
- BSE Limited and National Stock Exchange of India Limited (Recipients)
- Anita Renuse, Company Secretary & Compliance Officer (ACS: 25102) (Signatory)
Transaction Details
- Consideration type: Cash consideration
- Transaction type: Not a related party transaction
- Government approvals: No governmental or regulatory approval required
- Industry: Renewable Power Generation
FKEPL Background
- Line of Business: Generation and distribution of renewable power including solar, wind, hybrid, and bio-energy solutions
- Date of Incorporation: July 26, 2025
- Country of Presence: India (Registered office in Ahmedabad, Gujarat)
- Financial History: No three-year turnover history as company was incorporated in July 2025
Purpose and Impact
- Entry into de-risked renewable asset
- Long-term revenue visibility
- Strengthens the Company's renewable portfolio and venturing into Solar Power Projects
- Supports ESG framework
Compliance Context
The disclosure was made as part of transitioning to the comprehensive compliance framework mandated by SEBI Listing Regulations following the company's recent IPO. The disclosure was unintentionally overlooked initially but was identified during a proactive internal review. The company regrets this oversight and has strengthened its internal compliance systems.
Additional Information
This intimation can be accessed on the Company's website at www.powericaltd.com.