Relaxo acquires 26% stake in renewable energy company

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RELAXO · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹281.50

prior close

₹277.85

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%-0.1% vs market

Footwear peers, median of 8sector-0.7%+1.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.0 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.3+0.4-0.1-0.7+1.0

Next day

-0.2+2.1-2.3-0.5+0.4

-0.4pendingpending+0.6-1.0

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UpDownMarket · Nifty Microcap 250Sector · Footwear peers, median of 8Pending

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AI summary

Relaxo Footwears Limited acquired 2,600 equity shares, each with a face value of Rs 10, representing 26% of Clean Max MUOI Private Limited. The shares were bought from its promoter, Clean Max Enviro Energy Solutions Limited, on October 23, 2026. The investment supports renewable energy procurement for Relaxo’s Haryana manufacturing facilities and makes Clean Max MUOI an associate.

Likely market impact

Relaxo now holds a 26% stake and has a role in renewable power supply for its Haryana plants. The effect on profits, cash flow and the share price is not disclosed.