Century Enka has acquired an additional 37,00,000 equity shares of ABREL Century Energy Limited (ABRELCEL) through a rights issue, ensuring it maintains its mandatory 26% equity holding to qualify as a captive power user. The acquisition, completed on July 23, 2026, involves a cash consideration of ₹3,70,00,000 for shares purchased at a par value of ₹10 each. This strategic move is critical for the company to comply with the Electricity Act, 2003 and Electricity Rules, 2005, which mandate that a consumer must hold at least 26% equity in a power producer to access cheaper captive power tariffs, directly impacting operational cost structures.

The transaction was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further detailed in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Century Enka’s Board approved the acquisition to prevent dilution of its existing stake following the rights issue by ABRELCEL. The shares were credited to the company’s Demat account on July 23, 2026, after ABRELCEL completed the requisite corporate actions. The deal is classified as a related-party transaction but was conducted at arm’s length, with shares purchased strictly at face value.

Transaction Details

ABRELCEL operates as a Special Purpose Vehicle (SPV) incorporated on March 10, 2022, focused on wind-solar hybrid energy projects within the power generation, distribution, and transmission industry. As per the filing, no governmental or regulatory approvals were required for this specific acquisition beyond standard compliance. The primary object of the acquisition was to comply with the minimum shareholding requirement of 26% under captive project rules, ensuring the power plant qualifies as a group captive power plant for the consumer.

Financial Performance of ABRELCEL

ABRELCEL has shown fluctuating revenue trends over the past three fiscal years. The SPV reported a turnover of ₹1,884.40 Lakhs as of March 31, 2026.

What the Numbers Show

The acquisition underscores Century Enka’s strategic reliance on captive power infrastructure to manage operational costs. By maintaining exactly 26% ownership, the company secures regulatory benefits associated with captive power plants, which typically offer more stable and lower energy costs compared to open-market procurement. The flat revenue growth of ABRELCEL in FY25 compared to FY24 suggests a maturation phase in its wind-solar hybrid projects, where capital expenditure may have stabilized while generation capacity remains consistent. This steady state supports Century Enka’s long-term energy security strategy without requiring further significant equity injections at this stage.

Century Enka Limited has fixed Thursday, August 13, 2026, as the record date for determining shareholder eligibility for dividend payment, pending declaration at its upcoming Annual General Meeting. The Register of Members and Share Transfer Books will remain closed from August 12, 2026, to August 13, 2026, for this purpose. The dividend, if declared, will be paid electronically subject to tax deduction at source.

The 60th Annual General Meeting of Century Enka is scheduled for Thursday, August 20, 2026, at 02:30 p.m. IST. The meeting will be held through Video Conferencing or Other Audio-Visual Means in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice of AGM, Explanatory Statement, and Annual Report for Financial Year 2025-26 will be sent electronically and uploaded to the company website.

Shareholders can participate in remote e-voting arranged by NSDL prior to the meeting. The e-voting window opens on Sunday, August 16, 2026, at 9:00 a.m. IST and closes on Wednesday, August 19, 2026, at 5:00 p.m. IST. Electronic voting will also be available to shareholders participating during the AGM.

Key Meeting Dates

The company stated that physical copies of the Annual Report for Financial Year 2025-26 will be sent only to members who specifically request them. Members holding shares in physical form must ensure their KYC details are updated to receive corporate benefits electronically. Additionally, SEBI has provided a special window until February 4, 2027, for the re-lodgement of transfer requests for physical shares.