Saint-Gobain Sekurit India Limited has executed two agreements on May 25, 2026: a Power Purchase Agreement and a Share Subscription and Shareholders' Agreement with Murli Solar Energy Private Limited and Sunsure Energy Private Limited. This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (updated) dated January 30, 2026.
Key Quantitative Figures
The company will pay a subscription amount equivalent to ₹1,51,20,000 (Indian Rupees One Crore Fifty One Lakhs Twenty Thousand) and will collectively hold not less than 26% of the Share Capital of the Power Producer along with other captive shareholders.
Parties Involved
The agreements are executed with:
- Murli Solar Energy Private Limited
- Sunsure Energy Private Limited
Capital Structure Impact
- Equity Shares will be issued at par value of ₹10 each
- The company will collectively hold not less than 26% of the Share Capital of the Power Producer
Relationship Disclosure
The parties are not related to the Promoter/Promoter Group/Group Companies and the transaction does not fall within related party transactions.