Shree Krishna Paper Mills & Industries Ltd. has announced a strategic investment in renewable energy through a power purchase agreement and equity participation in a solar power project. The company's board of directors approved these initiatives during a meeting held on April 15, 2026.

Power Purchase Agreement Details

The company has entered into a power purchase agreement dated April 15, 2026 with Ratan Green Projects One Private Limited (RGPOPL), whereby RGPOPL will serve as the renewable power producer supplying solar power to Shree Krishna Paper Mills as a captive user.

Investment Structure and Timeline

Shree Krishna Paper Mills is in the process of entering into a Share Subscription and Shareholders' Agreement to acquire 26.5% of RGPOPL's equity share capital. The total investment amount will be Rs 310.00 lakh, structured in two tranches to align with project milestones.

Strategic Rationale and Compliance

This investment serves multiple strategic objectives for the paper manufacturing company. The acquisition enables compliance with captive power requirements under electricity laws, which mandate that captive shareholders hold at least 26% of the share capital of the power generating entity.

RGPOPL was incorporated on December 11, 2025, specifically to develop this solar power project. As a newly incorporated entity, RGPOPL has no historical turnover but is focused on establishing itself as a renewable power producer in the Indian market.

Regulatory Disclosures

The company has confirmed that this acquisition does not constitute a related party transaction, and no promoter or group companies have any interest in RGPOPL. The transaction is being conducted at arm's length, ensuring transparency and regulatory compliance.

The investment falls outside the main line of business of Shree Krishna Paper Mills, which operates in the paper manufacturing industry. However, the strategic move toward renewable energy sourcing aligns with sustainability objectives and long-term operational cost management.

Project Impact

The solar power facility will provide clean energy supply to support the company's manufacturing operations. The project includes both solar generation capacity and battery energy storage systems, offering enhanced power reliability and grid stability. This initiative represents Shree Krishna Paper Mills' commitment to incorporating renewable energy solutions into its operational framework while meeting regulatory captive power requirements.

Shree Krishna Paper Mills & Industries Ltd has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended March 31, 2026, marking the completion of Q4 FY26 compliance procedures.

Regulatory Compliance Details

The company filed the mandatory certificate under Regulation 74(5) of SEBI regulations on April 8, 2026. Company Secretary and Compliance Officer Ritika Priyam digitally signed and submitted the document to BSE Limited's Corporate Relationship Department.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The registrar issued the confirmation certificate on April 7, 2026, one day prior to the company's submission to the stock exchange.

Swapn Kumar Naskar, Head of Delhi Branch at MUFG Intime India Private Limited, signed the confirmation certificate. The registrar confirmed that all securities received from depository participants for dematerialisation during Q4 FY26 were properly processed within prescribed timelines.

Dematerialisation Process Confirmation

The registrar's certificate confirms several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories as required
• All securities comprised in certificates have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialisation were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Company Operations

Shree Krishna Paper Mills & Industries Ltd operates as a paper manufacturing company, producing PACKMATE tree-free paper and LAMCOTE fine laminating paper. The company maintains its registered office in New Delhi and operates manufacturing facilities in Rajasthan's RIICO Industrial Area.

The quarterly compliance filing demonstrates the company's commitment to maintaining proper regulatory standards and ensuring transparent dematerialisation processes for its shareholders. This routine regulatory submission helps maintain the company's good standing with stock exchange requirements and SEBI regulations.