Carborundum Universal Limited has announced a strategic investment in renewable energy infrastructure, entering into a Power Purchase Agreement with Putrim Renewables Private Limited (PRPL) and acquiring an equity stake in the solar power company. The move is part of the company's Environmental, Social, and Governance (ESG) strategy to enhance green power consumption across its operations.

Power Purchase Agreement and Equity Acquisition

The company has secured a contracted capacity of 18 MWp from PRPL's captive solar power plant located in Thoothukudi, Tamil Nadu. Alongside the power purchase agreement, Carborundum Universal will acquire a 29.58% equity stake in PRPL through a Share Subscription and Shareholders' Agreement with CSE Development (India) Private Limited (Cleantech) and PRPL.

Target Company Profile

Putrim Renewables Private Limited, incorporated on 09-02-2024, is a Special Purpose Vehicle designed for solar power generation. The company operates as a captive power plant under the Electricity Act, 2003, focusing on generating and supplying green power to meet the consumption requirements of its shareholders who serve as captive users.

Strategic Objectives and Timeline

The investment aligns with Carborundum Universal's sustainability goals, specifically targeting increased green power consumption for its manufacturing facilities in Tamil Nadu. As the company plans to expand its operations, increasing the proportion of clean energy usage supports its Environmental, Health, and Safety (EHS) strategy aimed at reducing carbon footprint.

The acquisition is structured as a non-related party transaction, with neither the promoter nor promoter group having any interest in the target entity. The transaction is expected to be completed within 60 days from the date of signing the Power Purchase Agreement, with no governmental or regulatory approvals required.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular requirements. The investment will enable Carborundum Universal to transition from traditional power sources to renewable solar energy for its various plant operations across Tamil Nadu, supporting the company's long-term sustainability commitments.

Carborundum Universal Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, providing eligible investors with an opportunity to complete pending share transfer processes. The initiative follows the Securities and Exchange Board of India (SEBI) circular dated January 30, 2026.

Special Window Timeline and Purpose

The special window will remain open for one year, commencing from February 5, 2026 and closing on February 4, 2027. This facility has been introduced to accommodate investors who had purchased or acquired shares of Carborundum Universal Limited in physical form prior to April 1, 2019.

Eligibility Criteria Matrix

The company has provided a detailed eligibility matrix to help shareholders understand their qualification status:

Processing Requirements and Restrictions

All transfer requests processed during this special window will be handled through the transfer-cum-demat mode, meaning shares will be issued only in dematerialised form after approval of the transfer. The transferred shares will be subject to a lock-in period of one year.

Shareholders availing this window must necessarily maintain a demat account and provide the Client Master List along with transfer documents, original share certificates, and other necessary documentation as specified in the SEBI circular.

Excluded Cases

Certain categories of cases will not be considered under this special window:

• Cases involving disputes between transferor and transferee
• Securities which have been transferred to Investor Education and Protection Fund (IEPF)

Contact Information for Assistance

Eligible shareholders may submit their transfer requests along with requisite documents to the company's Registrar and Transfer Agent, KFin Technologies Limited. The detailed circular is available on the company's website, and shareholders can contact the company at investorservices@cumimurugappa.com for further assistance.

The company has urged all shareholders who had previously submitted transfer requests and are yet to receive their transferred shares due to pending deficiencies to make use of this special window for their benefit.