We wish to inform you that Sahyadri Industries Limited has signed Share Subscription and Shareholder''s Agreement today i.e. 4th May 2026.
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Sahyadri Industries Limited has signed a Share Subscription and Shareholders' Agreement (SSSHA) with a Special Purpose Vehicle (SPV) and Parent Company on 4th May 2026. Under this agreement, the company will acquire 7.14% equity stake in Emerge Solar One Private Limited. The acquisition is part of a group captive solar power scheme under the Electricity Act, 2003. This follows the Board's approval dated 4th April 2026 for the proposal to purchase solar power under the captive arrangement.
This acquisition allows Sahyadri Industries to secure solar power for captive consumption, potentially reducing energy costs. However, the 7.14% stake is a minority holding, and the strategic significance depends on the terms of the captive arrangement.