Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Power Purchase Agreement.
KEI · price
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KEI Industries Limited has entered into a Share Subscription and Shareholders' Agreement (SSSA) and Solar Power Purchase Agreement (SPPA) on May 20, 2026. The company will subscribe to 26% of securities (equity and compulsory convertible debentures) of Solarcraft Power India 24 Private Limited for Rs. 5.90 Crores. This investment will enable KEI to source solar power as a captive consumer with capacity up to 11.25 MW, located in Rajasthan. The target company is a Special Purpose Vehicle incorporated in June 2023 for setting up a solar power project on captive basis. The transaction is not a related party transaction and is expected to complete within 90 days.
This strategic investment enhances KEI Industries' renewable energy sourcing capability, supporting its sustainability commitments. The Rs. 5.90 Crores investment is relatively small and unlikely to materially impact financials, but signals the company's focus on clean energy adoption.