UFLEX Limited has informed the Exchange about General Updates
UFLEX · price
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UFLEX Limited has set up a new joint venture company called AMPIN C&I Power Twenty Private Limited in partnership with AMPIN C&I Power Private Limited. The JV was incorporated on August 1, 2025, with AMPIN holding 74% and UFLEX holding 26%. The new company will set up a solar power plant in Haryana, and UFLEX will buy the solar power generated on a long-term basis under the captive power plant policy. The initial share capital is Rs. 1 lakh (subscribed) out of Rs. 15 lakh (authorised), paid in cash at face value of Rs. 10 per share. Since UFLEX is buying power from the JV and holds 26%, the new entity becomes an associate (related party) of UFLEX.
This move helps UFLEX secure a long-term, captive source of solar power, which should reduce its electricity costs and support sustainability goals. The financial outlay is small at this stage, so the immediate impact on shareholders is limited, but it signals UFLEX's commitment to renewable energy for its manufacturing operations.