Sanathan Textiles Limited has informed the Exchange that Sanathan Polycot Private Limited a wholly owned subsidiary of the Company, has entered into a Share Subscription and Shareholders Agreement ( SSSHA ) and a Power Supply and Consumption Agreement ( PSCA ) to acquire 26% stake in Serentica Renewables India 33 Private Limited, a subsidiary of Serentica Renewables India Private Limited, in tranches, for sourcing renewable power as a captive consumer for a contracted capacity of 32 MW.
SANATHAN · price
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Sanathan Textiles has informed the exchanges that its wholly owned subsidiary, Sanathan Polycot Private Limited (SPPL), will acquire a 26% stake in Serentica Renewables India 33 Private Limited — a subsidiary of Serentica Renewables India Private Limited — for a total consideration of Rs. 48 crore payable in cash, in tranches. The acquisition is aimed at securing 32 MW of renewable power under a captive consumption framework for SPPL's manufacturing operations, with the deal supported by a Share Subscription and Shareholders' Agreement (SSSHA) and a Power Supply and Consumption Agreement (PSCA). The target entity, incorporated in June 2025, is a newly set up company in the renewable energy (solar and wind) space and therefore has no 3-year financial history. The transaction is not a related party deal, involves no share swap, and is subject to customary conditions precedent and regulatory approvals.
For shareholders, this move locks in a long-term, cost-effective renewable power supply for the company's manufacturing unit, which can help reduce energy costs and emissions over time. It is a strategic, sustainability-aligned investment of Rs. 48 crore and is unlikely to have a sharp short-term impact on the stock price.