Saint-Gobain Sekurit India Terminates Solar Power Agreements with Radiance MH Sunrise Thirteen

1 min read     Updated on 09 Apr 2026, 06:21 PM
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AI Summary

Saint-Gobain Sekurit India Limited terminated its Power Purchase Agreement and Share Subscription Agreement with Radiance MH Sunrise Thirteen Private Limited on April 9, 2026, by mutual consent. The agreements, executed on August 6, 2025, were for sourcing renewable solar energy through Intra-State Transmission System facilities. The company has confirmed that this termination will have no material impact on its financial performance or operational activities.

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Saint Gobain Sekurit India Limited has announced the termination of its renewable energy agreements with Radiance MH Sunrise Thirteen Private Limited through mutual consent on April 9, 2026. The decision marks the end of a partnership that was established for sourcing solar power through dedicated generation facilities.

Agreement Details and Background

The terminated agreements consisted of both a Power Purchase Agreement and Share Subscription Agreement that were originally executed on August 6, 2025. These agreements were specifically designed for sourcing renewable energy through solar power generation and Intra-State Transmission System (InSTS) solar power generation plants.

Parameter: Details
Agreement Type: Power Purchase Agreement and Share Subscription Agreement
Original Execution Date: August 6, 2025
Termination Date: April 9, 2026
Nature of Termination: Mutual consent
Purpose: Renewable energy sourcing (Solar/InSTS)

Regulatory Compliance and Disclosure

The termination was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Saint-Gobain Sekurit India Limited had previously made intimations regarding these agreements on October 28, 2024, May 16, 2025, and August 6, 2025, maintaining transparency with stakeholders throughout the agreement lifecycle.

The company's disclosure references the SEBI Master Circular bearing Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full compliance with current regulatory requirements.

Financial and Operational Impact

Saint-Gobain Sekurit India Limited has explicitly stated that the termination of these agreements will have no material impact on the company's financials or operations. This assessment suggests that the company has alternative arrangements in place or that the agreements represented a relatively small portion of its overall energy sourcing strategy.

The mutual consent nature of the termination indicates an amicable resolution between both parties, potentially allowing for future collaboration opportunities in the renewable energy sector.

Historical Stock Returns for Saint Gobain Sekurit

1 Day5 Days1 Month6 Months1 Year5 Years
-0.78%+9.36%+1.55%-13.10%-3.05%+48.29%

What alternative renewable energy sourcing strategies will Saint-Gobain Sekurit pursue following this termination?

Could this mutual termination signal broader challenges in India's solar power purchase agreement market?

Will Saint-Gobain Sekurit accelerate investments in captive renewable energy facilities to reduce third-party dependencies?

Morarka Finance Launches Second 100-Day Saksham Niveshak Campaign for Shareholders

2 min read     Updated on 02 Apr 2026, 04:08 PM
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AI Summary

Morarka Finance Limited has announced the Second 100-Day Saksham Niveshak Campaign running from April 1 to July 9, 2026, following newspaper publications on April 2. The IEPFA-initiated campaign helps shareholders claim unpaid dividends, update KYC details, and prevent transfer of assets to IEPF, with comprehensive support available through the company and its registrar MUFG Intime India Private Limited.

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Morarka Finance Limited has announced the launch of the Second 100-Day Saksham Niveshak Campaign, following newspaper publications in Business Standard (English) and Mumbai Lakshdeep (Marathi) on April 2, 2026. The campaign, initiated by the Investor Education and Protection Fund Authority (IEPFA), aims to facilitate shareholders in claiming unpaid dividends and updating their investment details.

Campaign Overview and Duration

The Second 100-Day Saksham Niveshak Campaign will run from April 1, 2026, to July 9, 2026, continuing the earlier initiative's objectives. This proactive engagement program is designed to help shareholders prevent the transfer of their unpaid dividends and corresponding shares to the Investor Education and Protection Fund (IEPF).

Campaign Details: Information
Duration: April 1, 2026 to July 9, 2026
Authority: Investor Education and Protection Fund Authority (IEPFA)
Primary Objective: Prevent transfer of dividends and shares to IEPF
Target: Shareholders with unpaid/unclaimed dividends

Key Campaign Highlights

The campaign focuses on four main areas to support shareholders. Proactive shareholder engagement encourages updating KYC details including PAN, bank details, address, email, and mobile information. The initiative ensures timely processing of dividend claims with prompt handling of valid requests. Direct transfer to IEPF prevention emphasizes claiming dividends early according to regulatory rules, while direct claim settlement facilitates immediate processing.

Shareholder Action Requirements

All shareholders holding shares in physical or dematerialized form must take specific actions during the campaign period. They need to update KYC details with the company, MUFG Intime India Private Limited (Registrar & Share Transfer Agent), or their Depository Participant as applicable. Shareholders should submit necessary documents for claiming unpaid/unclaimed dividends and ensure bank mandates and contact details remain current to facilitate direct credit.

Support and Contact Information

For assistance during the campaign, shareholders can contact multiple support channels:

Contact Type: Details
Company: Morarka Finance Limited
Address: 511, Maker Chambers V, 221, Nariman Point, Mumbai-400021
Phone: 022-2283 2468
Email: investors@morarkafinance.in
RTA: MUFG Intime India Private Limited
RTA Address: C 101, 247 Park, LBS Road, Vikhroli West, Mumbai - 400083
RTA Phone: (022) 49186000
RTA Email: mtl.helpdesk@in.mps.mufg.com

Shareholders are advised to check the "Unclaimed Dividend & IEPF Transfer Details" section on the company's website and take immediate action to claim dividends and safeguard their investments. The campaign represents a significant opportunity for shareholders to regularize their holdings and prevent involuntary transfer of assets to the IEPF.

Historical Stock Returns for Saint Gobain Sekurit

1 Day5 Days1 Month6 Months1 Year5 Years
-0.78%+9.36%+1.55%-13.10%-3.05%+48.29%

What impact might the success rate of this second campaign have on IEPFA's future investor outreach strategies?

How could increased shareholder engagement from this campaign affect Morarka Finance's future dividend distribution policies?

Will other financial companies likely adopt similar proactive campaigns to reduce IEPF transfers following this initiative?

More News on Saint Gobain Sekurit

1 Year Returns:-3.05%