Sarda Energy & Minerals Limited has informed the Exchange regarding Outcome of Board Meeting held on April 03, 2026.
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Sarda Energy & Minerals' board approved three key decisions: (1) Formation of a 50-50 joint venture with promoter group entity Chhatisgarh Investment Ltd. for real estate development, with an investment of ₹25 crore; (2) Acquisition of majority stake in Adishankar Khuitam Power Pvt. Ltd. (AKPPL) through wholly-owned subsidiary Sarda Energy Ltd. for enterprise value of ₹25 crore, giving the group rights to develop a 66 MW hydro power project in Arunachal Pradesh; (3) Appointment of Mr. Partha Sarthi Dutta Gupta as Executive Director - Power & Corporate Affairs. The hydro project has already received government approval and secured critical land, with completion expected immediately upon execution of agreements.
The acquisition of AKPPL expands Sarda Energy's green energy portfolio by 66 MW, aligning with renewable energy growth trends. The real estate JV through a promoter entity provides a new diversification avenue. Both acquisitions at ₹25 crore each represent moderate capital deployment.