Carborundum Universal Limited has fulfilled its regulatory obligations by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026. The submission was made to both major stock exchanges on April 15, 2026.

Regulatory Compliance Submission

The company submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited through its Company Secretary, Rekha Surendhiran. The submission included certificates received from KFin Technologies Limited, which serves as the company's Registrar and Share Transfer Agent.

Certificate Details

KFin Technologies Limited, acting as the Registrar to an Issue and Share Transfer Agent, provided certificates to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) on April 1, 2026. The certificates were signed by S R Ramesh, Deputy Vice President at KFin Technologies Limited.

Regulatory Framework

The certificates confirm that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been furnished to all stock exchanges where the company's shares are listed. This compliance ensures adherence to SEBI (Depositories and Participants) Regulations 2018, which mandate quarterly reporting of depository activities.

Corporate Information

Carborundum Universal Limited maintains its registered office at Dare House, No.234, N.S.C. Bose Road, Parrys, Chennai 600001. The company's shares are traded on both BSE (Stock Code: 513375) and NSE (Stock Code: CARBORUNIV). KFin Technologies Limited operates from multiple locations, with its registered office in Mumbai and operations center in Hyderabad.

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.