Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”): Execution of Share Subscription and Shareholders’ Agreement on 27th August 2026
The Company has informed BSE and NSE that further to the letter no. PKR:SG:JK: 105:2025-26 dated 30th January 2026, the Company has entered into a Share Subscription and Shareholders’ Agreement for the acquisition of a 26% equity stake, on a fully diluted basis, in Radiance KA Sunshine Seven Private Limited (CIN: U40106MH2021PTC365018) ("Radiance KA") for establishing captive renewable energy power plant to cater to the power requirements of one of its manufacturing facilities. This initiative is aligned with the Company's commitment to increasing the share of renewable energy in its operations and supports its sustainability objectives. Further, the acquisition enables the Company to meet the requirements of a "captive user" under the applicable provisions of Indian electricity laws and regulations.
