Riddhi Siddhi Gluco Biols Ltd has acquired a 26% partnership interest in Clean Max Pluto Solar Power LLP from Cargill India Private Limited. The transaction, completed on July 7, 2026, is part of an Asset Purchase Agreement dated January 19, 2026. This strategic move enables the company to qualify as a captive user for a dedicated wind and solar power plant.

The acquisition is intended to secure long-term, cost-competitive solar and wind power for Riddhi Siddhi Gluco Biols Limited's proposed manufacturing facility located in Davangere, Karnataka. Clean Max Pluto Solar Power LLP operates a dedicated renewable energy plant with a total capacity of 25.30 MW.

The transfer of partnership interest was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement with Cargill India Private Limited was amended to facilitate the transfer of the identified assets.

Riddhi Siddhi Gluco Biols Limited shareholders have approved the shifting of the registered office from Gujarat to Haryana and the alteration of the main object clause of the Memorandum of Association. The special resolutions were passed via a postal ballot and remote e-voting process, which concluded on July 3, 2026. The approvals enable the company to change its domicile and modify its business objectives as outlined in the regulatory filings.

The remote e-voting period was held from June 4, 2026, to July 3, 2026. Mr. Kinjal Shah, Practicing Company Secretary, served as the Scrutinizer for the process and submitted the report to the Board on July 6, 2026. The results were declared in compliance with Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Voting Results

A total of 55,54,387 votes were polled on the resolution to shift the registered office, representing 77.90% of the total outstanding shares. The resolution received 55,54,380 votes in favour and 7 votes against. For the alteration of the main object clause, 55,07,599 votes were polled, representing 77.2477% of the outstanding shares, with 55,07,597 votes in favour and 2 against.

Resolution Breakdown

The Postal Ballot Notice was dated May 25, 2026, and the cut-off date for determining shareholder eligibility was May 29, 2026. The company engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Both resolutions were declared passed as they met the requisite majority requirements under Section 114 of the Companies Act, 2013.