Board approves up to Rs 70 lakh investment in AMPYR for solar power supply
VALIANTLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Valiant Laboratories board approved acquiring up to 1.01% equity and 3.60% compulsorily convertible preference shares in AMPYR Renewable Energy Resources Twelve A Private Limited for up to Rs 70 lakh in cash. AMPYR runs a solar power plant in Dhule, Maharashtra (net worth Rs 9.99 Cr, FY26 turnover Rs 23.26 Cr). The stake is needed to procure solar power for the company's Tarapur plant under a group captive open access arrangement. Not a related party transaction. Expected to close within 12 months.
Minor financial outlay but secures long-term renewable power for manufacturing, supporting sustainability and likely lowering future energy costs.