In continuation of our disclosure dated February 6, 2026, we wish to inform you that the Company has executed the Share Subscription and Shareholders Agreement with Sunsure Energy Private Limited and Murli Solar Enery Private Limited, and the Power Purchase Agreement with Murli Solar Enery Private Limited on May 27, 2026, towards sourcing of renewable energy.
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Grindwell Norton has entered into a Share Subscription and Shareholders' Agreement with Sunsure Energy Private Limited and Murli Solar Energy Private Limited, along with a Power Purchase Agreement with Murli Solar Energy Private Limited on May 27, 2026. This is a continuation of a disclosure made on February 6, 2026. The agreements are aimed at sourcing renewable energy, indicating the company's strategic push towards clean energy adoption. The specific investment terms and equity stake details have not been disclosed in this filing.
This signals Grindwell Norton's commitment to transitioning to renewable energy, which could reduce its carbon footprint and energy costs over time. The move aligns with sustainability trends and may positively influence ESG-focused investors.