Nandan Denim acquires 6.1% stake in Opera Vayu for ₹4,00,20,960

Nandan Denim Ltd has acquired a 6.1% stake in Opera Vayu (Narmada) Private Limited for ₹4,00,20,960 to secure wind and solar power under the captive power route. The company purchased 40,02,096 equity shares on July 13, 2026, finalizing the investment through a Share Transfer cum Shareholders’ Agreement.

The agreement was signed with Opera Vayu (Narmada) Private Limited, which acts as a Special Purpose Vehicle, and Shivman Wind Energy Private Limited, the promoter and project implementer. This strategic move follows an earlier intimation dated April 17, 2026, regarding the proposed transaction.

Transaction Details

The acquisition details are outlined below:

Particulars	Details
Target Company	Opera Vayu (Narmada) Private Limited
Equity Shares Acquired	40,02,096
Stake Acquired	6.1%
Total Consideration	₹4,00,20,960
Date of Acquisition	July 13, 2026
Purpose	Purchase of wind & solar power (captive route)

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rinku Patel, Company Secretary and Compliance Officer, signed the filing on behalf of Nandan Denim Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.67%	-6.37%	-18.12%	-37.50%	+0.43%

Securities and Exchange Board of India (SEBI) has imposed a monetary penalty of ₹5,00,000 on Vedprakash Devkinandan Chiripal, a member of the promoter group of nandan denim . The regulator has also restrained him from accessing the securities market and prohibited him from buying, selling, or dealing in securities for a period of four years. The final order was passed on June 30, 2026, against 226 entities, including the promoter group member, under various sections of the SEBI Act, 1992.

The order was received by the promoter group on July 01, 2026. The action was taken under Sections 11(1), 11(4), 11(4A), 11B (1), and 11B (2) of the SEBI Act, 1992. The market restraint is effective from the date of the final order.

Nandan Denim Limited disclosed that based on its assessment and legal advice, the order does not have any material financial or operational impact on the company. The company further noted that the promoter group reserves the right to appeal against the SEBI order to the Securities Appellate Tribunal (SAT) and the Supreme Court of India under Sections 15T and 15Z of the SEBI Act, 1992, respectively.

Details of the SEBI Order

The following table outlines the key details of the regulatory action:

Sr. No.	Parameter	Details
1.	Name of the authority	Securities and Exchange Board of India (SEBI)
2.	Nature of action	Monetary penalty of ₹5,00,000 and market restraint for 4 years
3.	Date of final order	June 30, 2026
4.	Date of receipt	July 01, 2026
5.	Impact on company	No material financial or operational impact