Rane Holdings Limited announced that its wholly owned subsidiary, Rane Steering Systems Private Limited, has acquired a 26% equity stake in Hexa Energy BH Eleven Private Limited for ₹0.78 crore. The strategic move aims to secure renewable energy for the subsidiary's manufacturing plant located in Bawal, Haryana. The transaction, finalized on June 10, 2026, involves a cash consideration and is not classified as a related party transaction.

Acquisition Details

Rane Steering Systems entered into a Share Subscription and Shareholders' Agreement with Hexa Energy, a company incorporated on February 24, 2026. The primary objective of the acquisition is to comply with regulatory requirements for captive power consumption under Indian electricity laws. Alongside the equity purchase, the subsidiary signed a Power Purchase Agreement to procure solar energy.

Target Entity Profile

Hexa Energy BH Eleven Private Limited operates in the Renewable Energy – Solar Power Sector. The company is engaged in the generation, transmission, and distribution of electricity through renewable sources. As of March 31, 2026, the target entity reported no turnover, profit after tax, or net worth.

Financial Overview of Hexa Energy (Rs. in crores)

Transaction Structure

The acquisition cost is set at ₹0.78 crore for a 26% shareholding in the paid-up capital of Hexa Energy. The promoters and promoter group of Rane Holdings have no interest in the entity being acquired. The deal is structured as a cash transaction and is expected to be completed within 30 days from the date of signing the Power Purchase Agreement. No specific governmental or regulatory approvals were required for this acquisition.

Rane Holdings Limited has scheduled a group meeting with analysts and investors on June 11, 2026, in Chennai. The session will provide an update to representatives from Unique Asset Management LLP, ThinQwise Wealth Managers LLP, and NV Alpha Fund Management LLP. The company confirmed that no unpublished price sensitive information will be shared during the discussion.

The meeting is set to take place on Thursday from 14:00 hrs to 15:30 hrs IST. It will be conducted in a physical, in-person format. The schedule remains tentative and is subject to changes due to exigencies.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to BSE Limited and the National Stock Exchange of India Ltd.