Promoters of Chemfab Alkalies have confirmed that no shares held by them or persons acting in concert were encumbered during the financial year 2025-26. The declarations were submitted to comply with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeover) (Second Amendment) Regulation, 2019. The disclosures provide transparency regarding the holding status of key stakeholders.

Suresh Krishnamurthi Rao declared that he has not encumbered any shares of the company directly or indirectly during the financial year under review. Similarly, Dr. Rao Holdings Pte Limited confirmed that it has not encumbered any shares belonging to the company or persons acting in concert.

K. M. Padma also submitted a declaration stating that no shares held by her were encumbered during FY26. Team Hiitec Eqpt Private Limited provided an identical confirmation regarding its shareholding in the company.

Ramachandran N stated that he does not hold any shares in Chemfab Alkalies. Consequently, he declared that the provisions regarding encumbrance under Regulation 31(4) are not applicable to him, and there is no encumbrance on shares along with persons acting in concert.

The declarations were signed and dated April 01, 2026, in Chennai. The filings ensure regulatory compliance regarding the disclosure of share encumbrances by promoters.

Promoter Declarations

Chemfab Alkalis has completed an investment of ₹14,90,99,985.30 in Zenataris Renewable Energy Private Limited. The transaction was finalized on May 19, 2026, towards the subscription of 3.35% equity shares of ₹66.10 each under a group captive mechanism. The company stated that this investment will result in a lower tariff and consequent cost savings.

Investment Details

The acquisition does not fall within the purview of related party transactions, and no promoter or group companies have an interest in the entity being acquired. The consideration for the acquisition was paid in cash. The target entity, Zenataris Renewable Energy Private Limited, belongs to the renewable power industry.

Target Entity Profile

Zenataris Renewable Energy Private Limited was incorporated on October 8, 2018. The company is engaged in the business of developing, building, and managing a portfolio of solar and wind power assets. The acquisition was completed as of the disclosure date, and no specific governmental or regulatory approvals were required for the transaction.

Strategic Rationale

The primary object of the acquisition is the purchase of renewable power under a group captive mechanism. This initiative is aimed at securing a lower tariff, which is expected to drive cost savings for the company. The investment aligns with the company's strategy to optimize operational costs through sustainable energy solutions.