Further to our intimation dated May 19, 2025, regarding proposed acquisition of the equity shares of Amplus Ampere Private Limited ( Amplus ), allotment of 17,60,000 equity shares of Rs. 10/- per equity share to the Company has been completed by Amplus on August 27, 2025 and thus, Company has completed its investment aggregating to Rs. 1.76 crores in Amplus on August 27, 2025.
EVERESTIND · price
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Everest Industries has completed a Rs. 1.76 crore investment in Amplus Ampere Private Limited by acquiring 17,60,000 equity shares at par value (Rs. 10 each), giving it a 3.12% stake. The deal was completed on August 27, 2025, as an update to the earlier intimation dated May 19, 2025. Amplus is a special purpose vehicle (SPV) set up by Amplus Energy Solutions PTE LTD, focused on solar power generation in India, and has had nil turnover in the last three years. The investment is not a related party transaction and was made in cash to help Everest access 5.5 MWp of solar power under a group captive policy in Maharashtra, supporting its renewable energy goals.
This is a small strategic minority investment (3.12%) aimed at securing captive solar power for Everest's operations rather than a value-accretive financial deal. Shareholders should view it as a positive step towards cost savings and sustainability, but it is unlikely to materially impact the stock price given the tiny size of the investment relative to Everest's business.