Silgo Retail disclosed that its promoters have created encumbrances on 50 lakh equity shares during the financial year ended March 31, 2026. The filing, submitted to the National Stock Exchange of India, confirms that the aggregate shareholding of the promoter and promoter group stands at 1,29,35,274 equity shares, which accounts for 40.44% of the company's total paid-up capital.

The disclosure was made by Nitin Jain, Promoter and Managing Director, on behalf of the promoter group and persons acting in concert (PAC). The declaration complies with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates the reporting of any encumbrance created on shareholding.

According to the details provided in Annexure-A, Nitin Jain holds the largest portion of the promoter group's stake with 1,18,40,649 shares, representing 37.01% of the total share capital. He has encumbered 50,00,000 of these shares during the financial year. No encumbrances were reported for the other promoter group members.

The breakdown of the promoter group's shareholding and encumbrances is as follows:

The filing was signed by Tripti Rathi, Company Secretary & Compliance Officer of Silgo Retail Limited, on April 07, 2026.

Silgo Retail Limited's subsidiaries, Terraverde Renewables Private Limited and Bluesky Renewables Private Limited, have secured Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for an aggregate contracted capacity of 37 MW (AC). The projects, located across Chandrapur, Gadchiroli, Akola, and Amravati, involve a total investment consideration where Silgo Retail acquired a 49% stake in both target entities on June 17, 2026. This move strengthens the company's presence in the renewable energy sector and aligns with its strategy to create long-term value through sustainable energy initiatives.

The PPAs, executed on April 16, 2025, stipulate a fixed tariff of ₹3.09 per kWh for a period of 25 years. The power generated will be supplied to MSEDCL to meet its renewable energy procurement requirements. Additionally, the projects are eligible for a subsidy support of approximately ₹90.60 lakh per MW (AC), aggregating to approximately ₹33.52 crore, which is expected to enhance the long-term viability and returns of the projects.

Transaction and Target Details

Silgo Retail's Board of Directors approved the acquisition of 4,90,000 equity shares in each target company at a cost of ₹10.00 per share. Both Terraverde Renewables and Bluesky Renewables were incorporated in February 2025. The company has been granted a call option to acquire the balance 51% equity stake in both companies upon the expiry of a lock-in period, which is the date immediately following one year from the Commercial Operation Date (COD) of the projects.

Financials of Target Entities

Both target companies reported no income from operations for the financial year 2025-26 and posted a net loss during this period.

The acquisitions are not classified as related party transactions, and no specific governmental or regulatory approvals are required for the completion. The company expects the acquisition of the initial 49% stakes to be completed within the next 30 days.