Century Enka Limited has informed stock exchanges about the resignation of Dr. Partheban Manoharan from his position as Head - CTS and Quality Assurance and Senior Management Personnel. The resignation was submitted on March 24, 2026, with the executive's tenure concluding at the end of business hours on July 7, 2026.

Official Documentation

The company submitted formal intimation to BSE Limited and The National Stock Exchange of India Ltd on March 28, 2026, following the initial corporate announcement dated March 24, 2026. The notification was signed by Rahul Dubey, VP-Legal & Company Secretary (FCS 8145), confirming the company's adherence to regulatory requirements.

Resignation Letter Details

Dr. Partheban Manoharan addressed his resignation letter to Mr. Suresh Sodani, Managing Director of Century Enka, stating his intention to pursue personal interests. In his resignation letter dated March 24, 2026, he mentioned his role as AVP-Technical and QA, confirming he would honor the notice period and all employment terms until July 2026.

Regulatory Compliance

Century Enka Limited has fulfilled its disclosure obligations as required under SEBI regulations. The company provided detailed information in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency regarding changes in senior management personnel. The disclosure was made under Regulation 30 read with Para A(7C) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Century Enka Limited has announced the acquisition of additional equity shares in ABREL Century Energy Limited (ABRELCEL) through a rights issue, aimed at maintaining regulatory compliance for captive power plant operations. The transaction involves 37,96,086 equity shares acquired for Rs. 3,79,60,860.

Acquisition Details

The share acquisition was structured to meet specific regulatory requirements under Indian electricity regulations. Century Enka made the application for additional shares to maintain the minimum 26% equity shareholding necessary to qualify as a captive user of the power producer.

Target Company Profile

ABREL Century Energy Limited operates as a Special Purpose Vehicle (SPV) in the renewable energy sector. The company was incorporated on 10th March 2022 and focuses on wind-solar hybrid energy projects covering power generation, distribution, and transmission.

Regulatory Compliance

The acquisition serves a specific regulatory purpose under the Electricity Act, 2003 read with Electricity Rules, 2005. These regulations require power consumers to maintain a minimum 26% equity stake in power producers to qualify for captive user status.

Key compliance aspects include:

• Maintaining minimum 26% shareholding requirement
• Qualifying the power plant as a group captive power plant
• Ensuring arm's length transaction through par value acquisition
• Meeting captive project rules for power consumption

Transaction Timeline

Century Enka completed the procedural requirements for the rights issue on 27th March 2026. The company transferred the application money and submitted the filled rights issue application form to ABRELCEL on the same date. The shares are expected to be credited to Century Enka's demat account following completion of applicable compliances and corporate actions.

Strategic Rationale

The transaction represents a related party acquisition designed to ensure continued compliance with captive power plant regulations. As ABRELCEL operates as a SPV specifically established for captive power projects through wind and solar energy generation, the additional shareholding acquisition supports Century Enka's power requirements while maintaining regulatory compliance for captive user qualification.