GRP Limited completes 26.43% stake acquisition in BECIS Solar 5

GRP Limited has completed its investment in BECIS Solar 5 Private Limited by subscribing to 2,60,48,649 equity shares of face value Rs.1 each, aggregating to Rs.2.60 crores, on a rights issue basis dated August 10, 2026. With this, GRP holds 26.43% shareholding in BECIS, which is setting up an 8 MW solar power project in Gujarat as a captive generating station. The investment is a related party transaction done at arm's length and is required to comply with Electricity Rules 2005, under which a captive user must hold 26% ownership. This will enable GRP to procure solar power at a preferential tariff for its Gujarat manufacturing units, reducing energy costs and supporting renewable energy use.