Announcement under regulation 30 of SEBI (LODR)
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Omnitex Industries has completed its subscription of 1 equity share and 39,00,781 (about 39.08 lakh) compulsorily convertible preference shares (CCPS) in Blue Energy Motors Limited on 24 June 2025. The investment was executed under a Share Subscription Agreement dated 13 June 2025 involving Omnitex, Blue Energy Motors, Blue Energy Motor Corp. Pte. Ltd., and Exponentia Ventures Holdings Limited. Since the preference shares are compulsorily convertible, they will eventually turn into equity, giving Omnitex a meaningful stake in Blue Energy Motors, which operates in the electric commercial vehicle space. This filing is an update to Omnitex's earlier communication dated 13 June 2025 about the proposed investment.
This is a strategic diversification move by Omnitex into the fast-growing electric vehicle sector through Blue Energy Motors. The involvement of private equity player Exponentia Ventures and the parent entity Blue Energy Motor Corp. signals a marquee deal, and the convertible structure means Omnitex's stake could grow over time as CCPS convert into equity.