Summary of Key Information:

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Outcome of Board Meeting - Acquisition Approval

Date of Board Meeting / Approval: October 19, 2026

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights:

Standalone Results: Not Specified

Consolidated Results: Not Specified

Corporate Actions:

  • Approved acquisition of 49% equity stake in NOPL Pace Green Energy Private Limited
  • Execution of Share Purchase Agreement and Shareholders' Agreement approved
  • Cash consideration of up to ₹20 crore for 49% equity share capital
  • Investment structured to provide financial and project management control
  • Flexibility to increase shareholding potentially up to 100% subject to terms and approvals

Other Significant Information:

Target Company Details:

  • Name: NOPL Pace Green Energy Private Limited
  • Incorporation Date: April 25, 2024
  • Registered Address: Shop No. 11, Ground Floor, Plot No. 44, CTS 950, Kothrud, Pune City, Maharashtra 411038
  • Business: Generation of Power, specifically solar power generation projects

Financial Status (Audited FY 2025-26):

  • Total Revenue Including Other Income: ₹1,046.85 thousand
  • Total Expenses: ₹1,267.11 thousand
  • Profit before Tax: (₹220.26) thousand
  • Tax expenses: ₹0
  • Profit after Tax: (₹220.26) thousand
  • Net Worth: (₹120.26) thousand
  • Paid up share capital: ₹100,000

Project Details:

  • Developing aggregated solar power portfolio of approximately 990 MW (AC)
  • Project under Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme
  • Project cost: Approximately ₹3,900 crore
  • Locations: Across Maharashtra
  • 25-year Power Purchase Agreement executed with Maharashtra State Electricity Distribution Company Limited (MSEDCL)
  • Fixed tariff: ₹3.10 per unit
  • Project debt sanctioned by reputed financial institution
  • Target company at advanced stage of development

Strategic Rationale:

  • Entry into renewable power generation business
  • Participation in large solar portfolio with long-term contracted power offtake arrangement
  • Leveraging Transrail's capabilities in engineering, procurement, and project management
  • Opportunities across value chain including project implementation and long-term ownership returns
  • Diversification beyond EPC business into renewable power generation
  • Potential for recurring earnings after commissioning

Timeline and Process:

  • Acquisition to be completed within 180 days from approval by Target Company's Board of Directors
  • Company's further investment will be phased in line with project milestones and debt drawdown
  • Upon completion, NOPL Pace Green Energy Private Limited shall become an Associate of the Company