Announcement under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015.
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Omnitex Industries India Ltd has approved an investment of up to INR 170 Crore in Blue Energy Motors Limited, a manufacturer of electric and LNG-fuelled vehicles and trucks. The investment is for 1 equity share and 39,00,781 compulsorily convertible preference shares at INR 435.81 per share, giving Omnitex a 4.6153% stake in Blue Energy's fully diluted equity capital. Blue Energy had a turnover of about INR 133 Crore in FY25 (unaudited) and a net worth of around INR 116 Crore. The deal is being done entirely in cash, is not a related-party transaction, and does not need any government approvals. Omnitex has signed a securities subscription agreement and a shareholders' agreement, with closing expected within one month, subject to customary conditions.
This is a treasury/financial investment into an EV and clean-fuel truck maker that is outside Omnitex's core business, so it diversifies the company's portfolio but does not directly boost operating revenue. Investors should watch whether Omnitex follows up with a larger strategic stake or a deeper partnership in the EV/commercial vehicle space.