The Board Of Directors at its Meeting held on today the 11th February 2026 authorised Mr Harigovind Wholetime Director of Maris Spinning Mills Ltd to negotiate and finalise solar power ....
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The Board of Maris Spinners Limited, at its meeting on 11th February 2026, authorized its Wholetime Director Mr. Harigovind to negotiate and finalize a solar power purchase agreement with Neo Green Power Generation Pvt Ltd, Bangalore. Under the proposed arrangement, the company will purchase solar power from Neo Green's plant in Karnataka for its Unit 1 in Mysore. The deal involves an equity investment of up to Rs. 50 Lakhs in the counterparty.
This is a small-scale operational move (under Rs. 50 Lakhs) aimed at securing renewable energy for one of the company's manufacturing units. Investors should view it as a minor step towards green energy sourcing rather than a material event likely to move the stock price.