Antony Waste Handling Cell has acquired a 26% stake in Arts EV Private Limited, marking its entry into the electric mobility ecosystem through a strategic partnership. The acquisition enables the waste management firm to extend its proprietary 'Click2Clean' sanitation services to a fleet of up to 800 electric public transport buses in Delhi, awarded under the PM E-DRIVE Scheme. This move diversifies the company's revenue streams beyond municipal waste management into adjacent non-municipal business verticals.

The transaction was executed via a Share Purchase Agreement (SPA) and Shareholders' Agreement (SHA) dated July 28, 2026, with Antony Road Transport Solutions Private Limited, an entity within the company's Promoter Group. As a related party transaction, the deal was conducted on an arm's length basis. Antony Waste paid an aggregate cash consideration of ₹26,000 for 2,600 equity shares of face value ₹10 each. Upon completion, Arts EV becomes an associate company of Antony Waste.

Arts EV, incorporated on June 16, 2026, serves as the special purpose vehicle (SPV) for the Delhi bus project. It holds an authorized share capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. Being a recently incorporated entity, it has no turnover history. The SPV structure allows the consortium to manage the procurement, operation, and maintenance of the electric bus fleet efficiently.

The consortium roles are clearly demarcated between the two promoters. Antony Road Transport, holding a 74% stake as the Lead Member, is responsible for business development, fleet procurement, financing, and overall operational management. Antony Waste, as the Strategic Member with a 26% stake, will exclusively provide bus cleaning, sanitation, and allied hygiene-management services. Any additional capital contributions required by lenders will be made without altering these agreed responsibilities.

Transaction Details

The key parameters of the acquisition are summarised below:

Strategic Rationale

The acquisition aligns with Antony Waste's long-term strategy to explore scalable opportunities in the mobility sector, driven by increasing privatization and electrification in India's public transport. By leveraging its expertise in hygiene management, the company aims to capture value from the growing demand for sanitation services in electric fleets. No governmental or regulatory approvals are required for this acquisition, streamlining the implementation process.

Antony Waste Handling Cell has fixed August 13, 2026, as the record date for its final dividend of ₹0.50 per equity share for the financial year 2025-26. The payout, subject to shareholder approval at the upcoming annual general meeting, determines eligibility for investors holding shares on that specific date.

The company scheduled its 25th Annual General Meeting (AGM) for Thursday, August 20, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means, allowing remote participation for shareholders. This filing serves as an intimation to the listing departments of BSE Limited and the National Stock Exchange of India Limited regarding these key dates.

Dividend and Meeting Details

The final dividend payment timeline is contingent upon the outcome of the AGM. If the shareholders approve the dividend proposal, the company intends to disburse the funds within 30 days from the date of the AGM. Payments will be made after deducting tax at source, where applicable, to members whose names appear in the company’s records or depositories as of the record date.

Regulatory Compliance

This disclosure is made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation follows a previous communication dated May 29, 2026, which had earlier notified stakeholders about the proposed dividend and meeting schedule. Harshada Rane, Company Secretary and Compliance Officer, signed the disclosure on July 28, 2026.