S.J.S. Enterprises Limited has informed the Exchange about entering into Share Purchase, Shareholders Agreement and Energy Purchase Agreement with M/s. Doddanavar Global Energy Private Limited and M/s. DB Renews Private Limited, for supply of wind power.
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S.J.S. Enterprises Limited has completed the subscription of 28,800 equity shares in DB Renews Private Limited (DRPL) at Rs. 250 per share, totalling Rs. 72 lakhs, giving it a 2.08% post-subscription stake. DRPL operates a 27 MW wind power project (10 turbines of 2.7 MW each) in Belagavi, Karnataka, and will supply up to 36 lakh units of wind power annually to S.J.S. under an Energy Purchase Agreement, making S.J.S. a captive consumer. The deal is not a related-party transaction, and completion is expected by April 30, 2026. DRPL reported turnover of Rs. 24.08 crore in FY25, with nil revenue in the prior two years.
This is a small-ticket strategic investment (Rs. 72 lakhs) focused on securing renewable energy for S.J.S.'s own operations rather than a financial acquisition, so the direct impact on shareholders is limited. However, it signals the company's push toward green/captive power, which may help reduce long-term energy costs and improve ESG credentials.