Intimation of signing of MOU with Sevenglow Lights Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Retro Green Revolution Ltd has signed a non-binding MOU dated March 25, 2026 to acquire up to 36% equity stake in Sevenglow Lights Limited, with the option to increase ownership in phases up to 100% based on achievement of agreed milestones. The strategic investment aims to support business expansion, strategic growth, and long-term value creation. The transaction is subject to due diligence, regulatory approvals, board/shareholder approvals, and execution of definitive agreements including Share Subscription Agreement and Shareholders Agreement. The MOU is valid for 6 months and explicitly notes compliance requirements including potential Open Offer obligations under SEBI SAST Regulations.
This MOU indicates Retro Green Revolution's intent to diversify into or expand its business through acquisition in Sevenglow Lights. While the deal is non-binding at this stage, shareholders should monitor for definitive agreements and any funding requirements, as phased investment up to 100% could significantly alter the company's capital structure and business focus.