Target Entity
Ampin C&I Power Twelve Private Limited (AMPIN), incorporated on April 23, 2025, with CIN U35105DL2025PTC447012. Registered office at 309, 3rd Floor Rectangle One, Behind Sheraton Hotel, Saket, Saket (South Delhi), Delhi, India, 110017.
Type of Deal
Acquisition of minority stake through share subscription combined with a Power Purchase Agreement to maintain captive status as per Electricity Act.
Stake/Capacity
The Company will subscribe to 25,20,000 equity shares of AMPIN at INR 10 per share, representing 12.44% of paid-up share capital on an undiluted basis. Post proposed investment by other entities, Syngene will maintain a minimum of 7.93% of the paid-up share capital of AMPIN on a fully diluted basis.
Deal Value
INR 2,52,00,000 (Indian Rupees Two Crore Fifty-Two Lakhs only) as cash consideration.
Financial Impact
Net worth of AMPIN as on March 31, 2026: Rs. 687.70 lakhs. Standalone Turnover for FY 2025-26: NIL. Profit After Tax for FY 2025-26: Rs. 0.31 lakhs. The investment supports procurement of green energy and is expected to help reduce energy costs and carbon footprint.
Timeline
The allotment of equity shares is expected to take place in one or more tranches within 30 days or such other date mutually agreed between the parties.
Strategic Rationale
To enhance renewable-based power consumption, support decarbonization goals, and reduce energy costs and carbon footprint. The acquisition aligns with the Company's renewable energy objectives.
Approval Status
No governmental or regulatory approvals required. The acquisition does not fall within related party transactions. None of the promoters/promoter group/group companies have any interest in AMPIN.
Reference Regulation
SEBI Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.