Modern Threads (India) Limited has entered into a significant Power Purchase Agreement (PPA) with KGK Greens Private Limited, marking a strategic move towards renewable energy procurement. The company informed stock exchanges through an official regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The Power Purchase Agreement encompasses procurement of 5 MW (DC) capacity on a 25-year long-term basis. The solar power facility will be established at Palli site, Phalodi, Rajasthan 342311, positioning the company to benefit from the region's favorable solar conditions.

Regulatory Compliance and Filing

The company submitted comprehensive disclosures to both Bombay Stock Exchange Limited (Script Code: 500282) and The National Stock Exchange of India Ltd. (Script Code: MODTHREAD). The filing was signed by Company Secretary & Compliance Officer Anil Kumar Jain and submitted as per SEBI Master Circular requirements.

Transaction Independence

Key aspects of the agreement's independence include:

The Power Purchase Agreement represents Modern Threads' commitment to sustainable energy procurement while securing long-term power supply for its operations. The 25-year tenure provides stability and predictability in energy costs, supporting the company's operational planning and sustainability objectives.

Modern Threads (India) Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI depositories regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company submitted its confirmation certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 to both BSE and NSE on April 4, 2026. The certificate was prepared by Beetal Financial & Computer Services (P) Ltd., which serves as the company's registrar and share transfer agent.

Certificate Confirmations

The confirmation certificate validates several key compliance aspects for the quarter. Beetal Financial & Computer Services confirmed that securities received from depository participants for dematerialization during March 2026 were properly processed and confirmed to the depositories. The certificate also confirms that all securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are traded.

Dematerialization Process Compliance

The registrar confirmed adherence to prescribed timelines and procedures for dematerialization activities. Security certificates received for dematerialization were mutilated and cancelled after due verification by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners within the mandated 15-day period.

Corporate Information

Modern Threads (India) Limited operates from its registered office in Bhilwara, Rajasthan, with corporate headquarters in Mumbai. The company maintains manufacturing facilities including a woollens division in Bhilwara and a yarn division in Shahpura, Rajasthan. Company Secretary Anil Kumar Jain signed the submission documents on behalf of the company.