Transaction Details
Sandhar Technologies Limited executed a Share Subscription and Shareholder's Agreement on 02nd July, 2026 with:
- Hero Rooftop Energy Private Limited
- Clean Renewable Energy HR 1B Private Limited (SPV)
Investment Terms
- The company agreed to subscribe for a minimum 26% shareholding in the SPV
- Cash consideration: ₹162.52 lakhs
- Shareholding percentage based on the current shareholding structure and proportionate capacity allocated to the company
Target Entity Information
Name: Clean Renewable Energy HR 1B Private Limited
Industry: Renewable Energy/Power Sector
Incorporation Date: 09th June 2025
Financial Performance: Recorded nil turnover for financial year 2025-26
Country of Presence: India
Transaction Rationale and Impact
The acquisition is intended to:
- Enable the company to avail solar power, thereby reducing energy costs
- Meet increasing customer demand for adoption of sustainable and renewable energy practices across the supply chain
- Align with the company's commitment towards environmental sustainability
- Promote consumption of renewable energy
- Reduce carbon footprint
- Advance carbon neutrality initiatives
Regulatory and Compliance Aspects
- Not a related party transaction
- No governmental or regulatory approvals required
- Promoter/promoter group/group companies have no interest in the entity being acquired
- Transaction is at arm's length
Timeline
Indicative time period for completion: 2 months from the date of execution of SSSHA (02nd July, 2026)
Additional Information
The disclosure is made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026.
The information will be made available on the company's website www.sandhargroup.com as per Regulation 46(2) of the Listing Regulations.
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