australian premium solar has acquired an additional 49% equity stake in Aplus Solar Cell Limited, increasing its total shareholding to 100%. The acquisition, completed for a cash consideration of ₹99,990, transforms Aplus Solar Cell into a wholly owned subsidiary of the company. This strategic move is aimed at expanding the business operations of Australian Premium Solar.

The transaction was executed on an arm’s length basis in accordance with applicable laws. The acquisition involved the transfer of shareholding from the promoter to the company, thereby consolidating ownership. The acquisition process has been fully completed as of the disclosure date.

Aplus Solar Cell Limited is engaged in the manufacture of primary cells, primary batteries, and rechargeable batteries containing materials such as manganese oxide, mercuric oxide, and silver oxide. The entity operates within the solar industry. For the financial year 2025-26, the subsidiary reported a turnover of ₹1,06,40,973.

The regulatory disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing referenced specific SEBI circulars issued in July 2023, November 2024, and December 2024 regarding the disclosure framework for such acquisitions.

Financial Details of Aplus Solar Cell Limited

Australian Premium Solar has secured a work order from South Bihar Power Distribution Company Limited (SBPDCL) for setting up 16 MW grid-connected rooftop solar projects. Valued at ₹68 crore, the project will be executed under the CAPEX plus RESCO mode Utility-Led Aggregation Model of the PM Surya Ghar-Muft Bijli Yojana (PMSG-MBY) in the Gaya Circle of SBPDCL. The company expects this order to enhance its customer base and contribute to profitability.

Deal Structure and Financials

The contract is structured to provide immediate and long-term revenue visibility. The project entails a CAPEX of ₹68 crore to be received in the first year, followed by approximately ₹9 crore in annual earnings over the subsequent 10 years. The deployment covers 14,185 consumers, with each plant having a capacity of 1.1 kW.

Strategic Context

This order aligns with the government's initiative to promote renewable energy through the PM Surya Ghar-Muft Bijli Yojana. By participating in this utility-led aggregation model, Australian Premium Solar expands its footprint in the residential rooftop solar segment. The steady income stream from the RESCO component offers financial stability over the contract duration.