DMCC SPECIALITY CHEMICALS LIMITED has informed the Exchange about Agreements
DMCC · price
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DMCC Speciality Chemicals has cancelled its earlier Power Purchase Agreement (dated May 16, 2025) with AMPYR Renewable Energy Resources Twelve B Private Limited due to a reduction in capacity at one of AMPYR's clients. The cancellation is mutual and carries no penalty or charges for either party. In its place, DMCC has signed a fresh Power Purchase Agreement and a Shareholders' Agreement with a sister entity, AMPYR Renewable Energy Resources Twelve A Private Limited, on August 11, 2025. The initial investment is Rs. 83.34 lakhs for a 1.94% stake, with the goal of sourcing solar power as a captive user and reducing power costs. The target entity was incorporated in November 2023 and has not yet started operations (zero turnover).
This is essentially a reshuffle of the same renewable energy arrangement between group entities and involves a small equity outlay, so it is unlikely to materially affect the stock price. However, it signals DMCC's continued focus on reducing its power costs by sourcing solar energy, which could marginally support margins once operations commence.