Rico Auto Industries Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
RICOAUTO · price
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Rico Auto Industries is buying 13,05,688 equity shares (26% stake) in Boond Renewable Energy Private Limited (BREPL), a solar power generator, for Rs.10 per share in cash — a total of about Rs.1.3 Crore. The purpose is to secure uninterrupted and cost-effective solar power supply for the company's operations. The acquisition is not a related-party transaction and is expected to close in 3-6 months. Separately, the Board has approved a capital expenditure of up to Rs.75 Crores for plant, machinery, and utilities at a new Greenfield facility in Hosur (Tamil Nadu) during FY 2025-26. The Hosur plant will manufacture auto components aimed at South-based automotive OEMs, on 12.31 acres of leased land allotted earlier in May 2024.
For shareholders, the BREPL stake is a small strategic investment to lower long-term power costs and support sustainability, not a major financial bet. The Rs.75 Crore Hosur CapEx is a more meaningful commitment, signalling expansion into southern India to serve regional auto customers, which could support future revenue growth but will also raise capex outflows in FY26.