Epigral Limited has informed the Exchange about Execution of Share Subscription and Shareholder s Agreement and Energy Supply Agreement for Power purchase through renewable resources.
EPIGRAL · price
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Epigral Limited has signed two agreements with Prozeal Green Power entities: a Share Subscription and Shareholders' Agreement and an Energy Supply Agreement. The Company will invest Rs. 21.38 Crores (in one or more tranches) to subscribe to a minimum 26% stake in Pro-Zeal Green Power Ten Private Limited, a newly incorporated SPV (CIN U35105GJ2025PTC157627, formed 2 January 2025) yet to commence commercial operations. The SPV will set up a 19.80 MW Wind-Solar Hybrid (WSH) power plant in Gujarat, from which Epigral will source power as a captive consumer. Post-investment, the shareholding will be Epigral 26% and promoter Prozeal Green Power Private Limited 74%, making the SPV an Associate of Epigral. The deal is at arm's length, via cash consideration, and aligns with Epigral's sustainability goals and rising energy needs for upcoming expansion projects.
Modest capital deployment (Rs. 21.38 Cr) for long-term captive renewable power that supports Epigral's expansion plans and sustainability commitments, which is a positive operational signal for shareholders. Minimal immediate impact expected on stock price as the SPV is pre-revenue and the investment is small relative to the Company.