This is in furtherance to our earlier intimation dated February 10, 2025, informing about the decision of the Board of Directors of the Company approving the Scheme of Arrangement under ....
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EKI Energy Services has received BSE's 'No Adverse Observation' letter dated June 20, 2025 for its proposed Scheme of Arrangement to demerge its Generation Business (where carbon credits are generated from its own projects) into EKI One Community Projects Limited, its wholly owned subsidiary. The demerged undertaking had a turnover of approximately Rs. 992.79 Lakhs in FY24, contributing about 3.84% of EKI's total turnover. Under the scheme, shareholders of EKI will receive 1 equity share of INR 10 in EKI One for every 1 share held in EKI, with no cash consideration, and EKI One's shares will be listed on BSE. The scheme still requires NCLT approval and consent from shareholders and creditors before becoming effective. Post-demerger, EKI will focus on its Trading & Other Business Segment while EKI One will run the Generation Segment as an independent entity.
Existing EKI shareholders will get equivalent shares in the newly listed EKI One, mirroring their current holding, so no immediate dilution; the restructuring aims to unlock value by giving focused attention to each business but remains subject to NCLT and shareholder/creditor approvals, creating some execution risk in the short term.