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Awaiting price reaction for this filing.
Croissance Limited has informed the exchange that, after obtaining shareholder approval at its Annual General Meeting, it has decided to enter into a lease agreement for 120 acres of land in the Mysuru region to set up a new green energy business. The filing was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. No financial details of the lease or the project cost have been disclosed in this announcement.
This marks a strategic diversification move into the green energy sector, which could be positive for long-term growth if executed well. However, with no capex details or timelines provided, the near-term impact on revenue or stock price is likely limited.