Date: September 25, 2026
Board Meeting Outcomes
The Board of Directors of Prism Johnson Limited, at its meeting held on September 25, 2026, approved an investment not exceeding ₹40 Crores in the Equity and/or Redeemable Preference Shares capital of KUS Renewable Private Limited ("KUS").
The meeting commenced at 09:30 a.m. and concluded at 09:52 a.m.
Investment Details
Target Entity: KUS Renewable Private Limited (KUS)
Industry: Power Generation (Wind Power)
Investment Structure: Equity shares and/or Redeemable Preference Shares
Investment Amount: Not exceeding ₹40 Crores
Funding Method: Cash consideration through normal banking channel
Ownership Stake: Equity shares with voting rights representing at least 26.5% of the equity share capital of KUS will be acquired apart from Redeemable Preference Shares
Completion Timeline: Latest by October 31, 2027
Related Party Status: The proposed acquisition does not fall within related party transaction. The promoter/promoter group/group companies have no interest in the proposed acquisition.
Government Approvals: None required
Project Details
KUS is a Special Purpose Vehicle incorporated by Purvah Green Power Private Limited (PGPPL), which is a subsidiary of Calcutta Electric Supply Corporation (CESC) Limited. KUS was incorporated in India on September 26, 2024.
KUS will set up a 49.5 MW Captive Wind Power Project at Tehsil Alot, District Ratlam, Madhya Pradesh for supply of dedicated renewable power to the cement plant of the Company located at Satna, Madhya Pradesh.
Turnover History: KUS has nil turnover in preceding two financial years as it is yet to commence business operations.
Strategic Rationale
The investment will enable the company to purchase cheaper renewable power which will reduce the cost of production of cement. This will further integrate sustainability initiatives of the Company with operational excellence by increasing renewable energy utilization, improving energy efficiency, and enhancing resource optimization, thereby meeting its Environmental, Social, and Governance (ESG) targets.
The power supply will be governed by a Power Purchase Agreement proposed to be entered into between the Company and KUS.