Itimation of revised MOU signed with Sevenglow as the earlier MOU was filed without signature of one party
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Retro Green Revolution Ltd has signed a revised Memorandum of Understanding (MOU) with Sevenglow Lights Limited, dated 25th March 2026, to acquire an initial 36% equity stake in Sevenglow. The stake may be increased in phases up to 100%, subject to financial and operational milestones. The investment is intended for business expansion and strategic growth, and will be executed via preferential allotment, rights issue, or convertible instruments. At 36% ownership, Retro will have the right to appoint at least one-third of Sevenglow's board, and majority control if ownership rises further. The revised filing corrects an earlier omission where Sevenglow's signature was missing. The transaction remains non-binding and is subject to due diligence, shareholder and regulatory approvals.
This is a significant acquisition move that could reshape Retro Green Revolution's business profile if it eventually takes full control of Sevenglow. Shareholders should note that acquiring beyond the 25% SEBI SAST threshold may trigger an open offer obligation, which could affect the deal structure and dilution. The deal is still preliminary and hinges on due diligence and definitive agreements.