Board appoints director, clears green energy JV and water plant deal
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board met on July 18, 2026 and approved three items. (1) Appointed Prof. (Dr.) Gurudayal Singh Toteja, a former ICMR Additional Director General with 40 plus years in public health, as Non-Executive Independent Director for a 5 year term, subject to shareholder approval. (2) Signed a Joint Venture and Commercialisation Agreement with Globalone Enterprises for the HYMAX Green Energy Project. Initial POC will deploy 10 systems at an estimated cost of Rs 3 crore, funded 75 percent by the company and 25 percent by Globalone. A subsidiary or SPV will be formed for execution. (3) Approved a Business Operation and Management Agreement with The Cloud Water, a proprietorship, to operate its packaged drinking water plant. The company will bear all operating costs and retain 100 percent of net profits.
Signals diversification into green energy and packaged drinking water, plus a new SPV and additional capital outlay. Minor-cap, so moves may move the stock on sentiment.