Rajshree Polypack Limited
Completion of Investment in Jamnagar Renewables Two Private Limited
The Company has completed its investment in Jamnagar Renewables Two Private Limited ("Power Producer") pursuant to the Share Purchase and Shareholders Agreement and other definitive agreements executed in connection with the renewable power project.
Financial Details:
- Aggregate consideration: ₹2,02,52,100/- (Rupees Two Crore Two Lakh Fifty Two Thousand One Hundred Only)
- Number of equity shares acquired: 20,25,210 shares
- Stake acquired: 0.7599% of the equity share capital
- Face value of shares: ₹10/- each
Transaction Details:
- Date of completion: June 23, 2026
- Shares transferred by Continuum Green Energy Limited (Promoter of Power Producer)
- Transaction does not qualify as a related party transaction
- Executed at arm's length terms
Parties Involved:
1. Rajshree Polypack Limited (Captive User/Company)
2. Jamnagar Renewables Two Private Limited (Power Producer)
3. Continuum Green Energy Limited (Promoter of Power Producer)
Purpose and Significant Terms:
The investment was made to regulate the rights and obligations of the parties in relation to the Company's shareholding and to facilitate compliance with captive power plant requirements under applicable electricity laws. The Share Purchase and Shareholders Agreement governs:
- Acquisition of equity shares by the Company
- Rights and obligations of shareholders
- Maintenance of captive user structure
- Governance rights
- Transfer restrictions
- Other customary shareholder protections and obligations
Regulatory Context:
The transaction is intended to secure captive power procurement benefits in accordance with applicable electricity laws and regulations. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the Master Circular dated 30 January 2026 (SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026).