NewsSandhar Technologies to acquire 26% stake in Clean Renewable Energy HR 1B for INR 162.52 LakhsSandhar Technologies to acquire 26% stake in Clean Renewable Energy HR 1B for INR 162.52 Lakhs
Sandhar Technologies Limited has agreed to acquire a minimum 26% stake in Clean Renewable Energy HR 1B Private Limited for INR 162.52 Lakhs. The acquisition, executed on July 2, 2026, aims to reduce energy costs and meet customer demand for sustainable practices. The transaction is expected to be completed within two months.
*this image is generated using AI for illustrative purposes only.
Sandhar Technologies Limited has agreed to acquire a minimum 26% stake in Clean Renewable Energy HR 1B Private Limited for a cash consideration of INR 162.52 Lakhs. The agreement, executed on July 2, 2026, involves a Share Subscription and Shareholder's Agreement (SSSHA) with Hero Rooftop Energy Private Limited and the target entity. This strategic move is intended to enable the company to avail solar power, thereby reducing its energy costs, while also addressing the increasing demand from customers for the adoption of sustainable and renewable energy practices across the supply chain.
The acquisition aligns with the company's commitment to environmental sustainability by promoting the consumption of renewable energy, reducing its carbon footprint, and advancing its carbon neutrality initiatives. The target entity, Clean Renewable Energy HR 1B Private Limited, operates in the renewable energy and power sector. It was incorporated on June 9, 2025, and recorded a turnover of nil for the financial year 2025-26. The company has a presence in India.
The transaction is not classified as a related party transaction, and no promoter or promoter group companies hold any interest in the entity being acquired. No specific governmental or regulatory approvals are required for the acquisition. The consideration for the acquisition will be paid in cash. The percentage of shareholding acquired is a minimum 26% equity in the target entity based on the proportionate capacity allocated to Sandhar Technologies Limited.
Transaction Details
| Detail | Particulars |
|---|---|
| Name of Target Entity | Clean Renewable Energy HR 1B Private Limited |
| Industry | Renewable Energy/Power Sector |
| Consideration Type | Cash |
| Cost of Acquisition | INR 162.52 Lakhs |
| Shareholding Acquired | Minimum 26% equity in SPV |
| Date of Incorporation of Target | June 9, 2025 |
| Turnover of Target (FY 2025-26) | Nil |
| Country of Presence | India |
| Time Period for Completion | 2 months from date of execution of SSSHA |
The disclosure was made in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.
Historical Stock Returns for Sandhar Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.98% | -7.52% | -5.13% | +21.53% | +28.67% | +151.68% |
What is the projected timeline for the solar power infrastructure to become operational and start yielding cost savings?
Will Sandhar Technologies look to increase its stake beyond 26% once the Special Purpose Vehicle demonstrates operational success?
How significant will the reduction in energy costs be relative to the company's total operational expenditure?
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