Transaction Details
- Executed Partnership Interest Acquisition Agreement dated 24th June, 2026 with existing partners of M/s Arankam Green Energy Solution
- Total consideration: ₹90,00,000/- (Rupees Ninety Lakhs only)
- Acquisition of 100% partnership interest in the Firm
- Transaction includes subsequent amendment and restatement of the partnership deed of the Firm
Target Entity Information
Name: M/s Arankam Green Energy Solution (Partnership Firm)
Nature: Special Purpose Vehicle (SPV) for development of solar power project
Project: 6.3 MW Solar Plant at Khta Mugal, Saharanpur, Uttar Pradesh
Date of Registration: 20th April, 2025
Country: India
Turnover: Not available (NA) for last 3 years
Business Purpose
The acquisition is proposed for completion and commercialization of a 6.3 MW renewable energy project awarded to the Firm under:
- Power Purchase Agreement with Uttar Pradesh Power Corporation Limited (UPPCL)
- Letter of Award issued by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA)
Related Party Status
The acquisition did not fall within the ambit of related party transactions at the time of execution of the transaction documents. Post completion of acquisition, the Firm shall become a related party of the Company.
Regulatory Approvals
No governmental or regulatory approvals required for the acquisition (Not Applicable).
Transaction Timeline
The acquisition has been undertaken pursuant to execution of the Partnership Interest Acquisition Agreement dated 24th June, 2026, subject to completion of customary closing actions and amendment/restatement of the partnership deed.
Industry Classification
Renewable / Green Energy sector
Compliance References
- SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 - Regulation 30 and Schedule III
- SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024