Orient Ceratech Limited has approved the sale of its Windmills (Power Division) to Greenwin Energy Thirteen LLP for Rs 15,25,00,000, a strategic move to exit the power business and cease the division's segment reporting. The Board of Directors sanctioned the divestment during a meeting held on June 18, 2026. The buyer, Greenwin Energy Thirteen LLP, is not part of the promoter or promoter group, ensuring the transaction is conducted at arm's length.

The sale consideration is fixed at Rs 15,25,00,000, with the agreement expected to be executed within 30 days. Following the signing, the transfer process is anticipated to take approximately six months to complete. This disposal is being executed outside a Scheme of Arrangement and does not constitute a slump sale. Consequently, upon completion, the Power Division will no longer form part of Orient Ceratech's operations.

Financial disclosures for the division, based on the audited balance sheet as of March 31, 2026, highlight its limited scale relative to the company's total operations. The Windmill division recorded a turnover of 627.21 Lacs, accounting for 1.55% of the company's total turnover. The division's net worth, calculated as total assets minus total liabilities, stood at 2195.96 Lacs, representing 7.45% of the total net worth.

Financial Impact of the Sale

The following table details the financial contribution of the Windmills division for the financial year ended March 31, 2026:

The transaction was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting, which commenced at 3:30 pm and concluded at 4:30 pm, was chaired by Managing Director Manan Shah. The company has confirmed that the sale will not trigger related party transaction regulations.

Orient Ceratech Limited has signed an agreement for the sale of its Thermal Power Station on June 9, 2026. The agreement marks the execution of the company's plan to divest its Power Division, a move previously communicated to the stock exchanges. This strategic divestment aims to streamline operations and focus on core business areas.

The company had initially informed the exchanges about its intention to sell the Thermal Power Station on February 4, 2026. A subsequent update was provided on May 27, 2027, keeping shareholders apprised of the progress. The signing of the sale agreement on June 9, 2026, represents a significant milestone in this process.

The agreement was signed by Manan Chetan Shah, Managing Director of Orient Ceratech Limited. The company has formally notified BSE Limited and the National Stock Exchange of India Ltd. regarding this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The sale of the Thermal Power Station is expected to impact the company's financial structure and operational focus. Further details regarding the financial implications and the buyer's identity were not disclosed in the filing. Shareholders are advised to await additional announcements from the company.