Everest Industries Limited has informed the Exchange about revised intimation for Investment in Enerparc Solar Power 10 Private Limited (Enerparc) and to avail 3 MWp solar power under a group captive policy from the solar plant of Enerparc
EVERESTIND · price
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Everest Industries' Board has approved investing Rs. 1.065 crores in Enerparc Solar Power 10 Private Limited, a solar power SPV, by buying 10.65 lakh equity shares at Rs. 10 each (at par). This gives Everest a 2.43% stake, representing its 3 MWp share out of Enerparc's total 15 MWp capacity, to power its Podanur Plant in Coimbatore under a group captive open-access policy. This is a corrected version of the August 4, 2025 intimation, fixing a typo in the shareholding percentage (earlier mentioned as 5.31%, now 2.43%). Enerparc, incorporated in June 2024, has reported no revenue so far, and the deal is expected to close by November 30, 2025. The investment is not a related-party transaction.
The investment amount is small (Rs. 1.065 crores) and unlikely to materially move the stock, but it signals Everest's push to increase renewable energy use at its Tamil Nadu plant, which could gradually reduce long-term power costs. Minor positive for ESG-conscious investors; negligible near-term financial impact.