Oneindig Technologies acquired commercial office space in Faridabad, Haryana, for ₹2.00 crore from Dove Infrastructure Private Limited on September 18, 2026.

The transaction involves the purchase of a freehold property situated at the 1st Floor of Phase-1 of Tower B (FBD One IT Park) in Sector-37, Faridabad. The company disclosed the acquisition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, noting that the value exceeds the materiality threshold.

Transaction Details

The property covers a total area of 2,599.86 sq ft, comprising 1,838.83 sq ft of covered area and 761.03 sq ft of balcony space. The seller, Dove Infrastructure Private Limited, is not a related party, and the transaction is not classified as a related-party transaction.

Strategic Rationale

Oneindig Technologies stated the acquisition aims to support business operations and facilitate future expansion. The company indicated the move establishes additional infrastructure to meet long-term strategic requirements and enhance operational capabilities for anticipated growth.

The purchase consideration was determined on an arm’s-length basis. The company confirmed the transaction has no adverse impact on its operations.

Oneindig Technologies entered into a Memorandum of Understanding (MOU) with Amritdev Renewable Energy Private Limited on September 10, 2026, to collaborate on a 4.8 MW solar power project in Fatehpur district, Uttar Pradesh.

The agreement outlines plans for Oneindig Technologies to acquire the project portfolio under the PM-KUSUM Component-2 scheme. The electricity generated from the facility, located near the Gazipur substation, will be supplied as per the terms of the collaboration.

Deal Structure and Consideration

The MOU specifies a consideration of ₹13,00,000 per MW for the acquisition of the solar power project portfolio. The transaction is subject to satisfactory due diligence and the execution of definitive agreements. Amritdev Renewable Energy Private Limited is described as a newly incorporated entity, and the deal is not classified as a related-party transaction.

Operational Milestones

The parties have outlined specific timelines for land and regulatory approvals following the signing of definitive agreements:

• Land lease finalization for the Gazipur site must be completed within 30 days.
• For any projects where complete land is not leased, the PPA provider must complete leasing within 30-40 days without additional charges to Oneindig Technologies.
• Regulatory approvals, including cable crossing permissions from the National Highways Authority of India (NHAI), must be secured. Railway department approvals are already obtained.

Strategic Rationale

Oneindig Technologies aims to leverage its established sales teams and industry relationships to drive marketing efforts for the collaborative projects. The partnership seeks to enhance domestic business presence by targeting key clients in the solar energy sector. Local support will be provided to address execution issues and ensure smooth workflow.