Sahyadri Industries Limited has announced its board's approval for acquiring a 26% equity stake in Emerge Solar One Private Limited (ESOPL), a solar power generation company, for Rs.1.3 crores. The decision was made during a board meeting held on April 4, 2026, which commenced at 4:30 PM and concluded at 4:48 PM.

Acquisition Details

The board approved the acquisition after re-assessing the progress of the project and investment structure. This strategic move aims to enable the company to purchase solar power from ESOPL under the group captive scheme as per the Electricity Act, 2003 and applicable rules.

Target Company Profile

Emerge Solar One Private Limited is a recently incorporated private limited company established on October 8, 2024, specifically for solar power generation business. The company operates from its registered office in Tiruvallur, Ambattur, Tamil Nadu.

Strategic Rationale

The acquisition aligns with Sahyadri Industries' objective to secure solar power supply through the group captive scheme framework. This arrangement will allow the company to access renewable energy directly from ESOPL's solar power generation facilities, potentially reducing energy costs and supporting sustainability initiatives.

Regulatory Compliance

The transaction does not fall within the ambit of related party transactions, and none of the promoters, promoter group, or group companies of Sahyadri Industries have any interest in ESOPL. Additionally, no governmental or regulatory approvals are required for this acquisition, streamlining the completion process.

Transaction Structure

The acquisition involves the purchase of equity shares against cash consideration of Rs.1.3 crores. The company has set a completion timeline of September 30, 2026, providing adequate time for due diligence and transaction closure. This investment represents Sahyadri Industries' entry into the renewable energy sector through strategic partnerships rather than direct operations.

Sahyadri Industries Limited has announced the opening of a special window to facilitate transfer and dematerialisation of physical securities, providing relief to shareholders who faced processing difficulties with their transfer requests prior to April 1, 2019.

Special Window Details

The special window will remain operational for one year, from February 5, 2026 to February 4, 2027. This facility has been established pursuant to SEBI Circular No. HO/38/13/11(2)/2026-MRSD-PD/01/3750/2026 dated January 30, 2026.

Eligibility and Process

The facility is specifically designed for shareholders whose transfer requests were:

• Rejected or returned due to deficiencies
• Not attended to or could not be processed
• Affected by documentation or process issues

During the special window, valid and complete requests will be processed in accordance with the SEBI circular, with shares credited only in dematerialised form to the transferee's demat account. However, requests involving disputes, litigation, or cases not permitted under applicable law will not be processed.

Regulatory Compliance

Sahyadri Industries published newspaper advertisements regarding this special window in Financial Express (English) and Loksatta (English) on February 15, 2026. The announcement was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contact Information

Eligible shareholders can submit requisite documents to the company's Registrar and Transfer Agent, MUFGE Infine India Private Limited, located at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai-400 083. For assistance, shareholders can contact via email at investor.helpdesk@in.mpms.mufg.com or telephone at +91 022 4918 6270.

The company, with CIN L2695PN1994PLC078941, has its registered office at 39/D, Gulmohar, J.N. Marg, Pune - 411037, and can be reached at +91 20 2644 4625/2627.