Transaction Details

Varroc Engineering Limited has entered into two agreements:

1. Power Delivery Agreement (PDA)

2. Share Purchase and Shareholder's Agreement (SP&SA)

with the following entities:

  • AMPIN C&I Power Twelve Private Limited (for Karnataka state)
  • AMPIN Energy C&I One Private Limited (for Tamil Nadu state)

Investment Structure and Financial Details

For Tamil Nadu Project (AMPIN Energy C&I One Private Limited):

  • Investment Amount: Not exceeding ₹22,80,000
  • Equity Shares: 2,28,000 shares of ₹10 each
  • Shareholding Percentage: 0.44% of equity share capital

For Karnataka Project (AMPIN C&I Power Twelve Private Limited):

  • Investment Amount: Not exceeding ₹25,90,000
  • Equity Shares: 2,59,000 shares of ₹10 each
  • Shareholding Percentage: 0.83% of equity share capital

Total Investment: ₹48,70,000

Project Capacity Details

Tamil Nadu Plant: 0.40 MW AC / 0.60 MW DC capacity

Karnataka Plant: 0.50 MW AC / 0.70 MW DC capacity

Purpose and Rationale

The investment enables Varroc to source solar power from these SPVs under the Captive Power Scheme for its manufacturing plants located in Tamil Nadu and Karnataka. The SPVs are developing, building, and managing renewable power assets in these states.

Corporate Structure Information

AMPIN Energy C&I One Private Limited:

  • Incorporated: December 8, 2023
  • Country: India
  • Turnover: Nil

AMPIN C&I Power Twelve Private Limited:

  • Incorporated: April 23, 2025
  • Country: India
  • Turnover: Nil

Holding Company: AMPIN C&I Power Private Limited is the holding company for both SPVs.

Regulatory and Compliance Aspects

  • Related Party Status: Not a related party transaction
  • Promoter Interest: No promoter/promoter group/group companies have any interest in the SPVs
  • Government Approvals: Not applicable as per disclosure
  • Special Rights: No special rights contained in the agreements
  • Transaction Nature: Executed at arm's length

Industry Classification

The target entities belong to "Generation and Transmission of Solar power" industry.

Additional Information

  • The disclosure references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • The information has been placed on the company website at www.varroc.com
  • Signed by Anil Ghatiya, Company Secretary & Compliance Officer

Financial Impact

The investment represents a capital expenditure of ₹48.7 lakh for acquiring minority stakes in renewable energy projects. The primary benefit is secured captive power supply for manufacturing operations rather than direct financial returns from the investment.

#Tags: #VarrocEngineering #RenewableEnergy #SEBIRegulation30 #CaptivePower #SolarInvestment