EIH Limited has completed its strategic acquisition of a 26% stake in TP Varun Limited for ₹2.67 crore, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquisition was completed on April 1, 2026, enabling the hospitality company to comply with electricity regulations while securing dedicated renewable energy supply for its hotel operations.

Regulatory Compliance and Strategic Purpose

The investment fulfills mandatory requirements under the Electricity Act, 2003 and the Electricity Rules, 2005, which mandate that captive users must hold at least 26% equity share capital in the Special Purpose Vehicle (SPV) that owns the power plant. EIH has entered into both Power Delivery Agreement and Share Purchase Agreement with TP Varun Limited to formalize this arrangement.

About TP Varun Limited

TP Varun Limited, incorporated on July 20, 2023, operates as a Public Limited Company specializing in setting up ground mounted solar photovoltaic power projects in India. The company is a subsidiary of Tata Power Renewal Energy Limited and has reported nil turnover for the last two financial years, reflecting its project development stage.

Strategic Benefits and Impact

The acquisition enables EIH to procure dedicated renewable electricity supply for its hotel operations while achieving cost savings and supporting sustainability and ESG goals. This investment represents EIH's proactive approach toward regulatory compliance and sustainable energy solutions across its hotel portfolio.

The transaction does not fall within related party transactions, and no promoter or group companies have any interest in the acquired entity. No governmental or regulatory approvals were required for this acquisition, streamlining the completion process.